My Place Mortgage Loan with Floating Interest Rate

All you need to know on the My Place Home Mortgage Loan with Floating Interest Rate by HSBC:

Key Benefits

• Floating interest rate linked to Euribor 3 months or to the European Central Bank (E.C.B.) plus fixed spread
• Insurance coverage for you and your property for the outstanding loan amount of your mortgage and for the loan tenor

The Mortgage Loan with Floating Interest Rate by HSBC also offers you:

• Grace period with duration 6 or 12 months, in case you consider buying or building home
• Early total or partial repayment with no cost
• Gradual disbursal of the loan in case of purchase of a house under construction, completion of a house or improvement. This way, the amount of the monthly payment is determined by the amount you have withdrawn and not by the total amount you have borrowed. Thus, instead of paying interest on the entire amount of loan approved, you pay only the interest that corresponds to the money you have used
• Competitive insurance coverage against damage caused by fire and earthquake for your estate and life insurance and permanent disability insurance coverage for the borrower
• Additional coverage at highly competitive premiums
• Loan duration from 5 up to 30 years
• Fast procedures, transparency and the most important without surprises

Interest Rates

Each interest rate is surcharged with the contribution of the N128/75: 0,12%

Loan options

Based on the commercial value of the property with minimum amount of €30.000

Mortgage Loan Transfer

For customers that want to transfer their mortgage loan to HSBC Bank Plc, the spread of floating interest rate linked with the interest rate Euribor 3 months or to the European Central Bank (E.C.B.) will be 1,60% and percentage of loan to value ratio until 75%.

Required Documentation

With fast procedures you can acquire the desired flexibility, providing the documentation required:

• Completed loan application form
• Identity Card (two sided) or valid passport (original)
• Tax settlement forms for the last three years(original document)
• The last three years' analytical income tax forms E3 or/and E1 (original documents) for freelance professionals and the recent tax certificate
• The latest payroll or pension, for salaried employees and pensioners (original document)
• The latest declaration form E9 (original document)
• Bank certificate for outstanding loans or any other loan obligations
• Last real estate income statement E2