HSBC Floating Interest Rate Mortgage Loan
Buying a house is one of the happiest moments in a person’s life. Choose your own or improve an already existing residence and make your dreams come true with a Mortgage Loan with Floating Interest Rate from HSBC.
Benefits
Mortgage loan for home purchase / improvement / repair / loan transfer from other Bank
Gradual disbursement of money in case of Home improvement
How much will I repay each month?
Use our monthly repayments calculator to get an indication of how much your monthly repayment costs are likely to be.
Loan duration up to 25 years
Simple procedures, clear terms, transparency on all levels
Interest rates
- mortgage loans for home purchases with a floating interest rate are linked to Euribor 1M plus spread
- mortgage loans for home repairs / improvements with a floating interest rate are linked to Euribor 1M plus spread
Euribor 1M, which, if becomes less than zero, shall be deemed to be zero
| Loan to value | Loan duration |
|---|---|
| 0% - 60% | 25 years |
| 61% - 70% | 20 years |
| 71% - 75% | 10 years |
| Loan to value | 0% - 60% |
|---|---|
| Loan duration | 25 years |
| Loan to value | 61% - 70% |
| Loan duration | 20 years |
| Loan to value | 71% - 75% |
| Loan duration | 10 years |
| Loan to value | Loan duration |
|---|---|
| 0% - 60% | 25 years |
| Loan to value | 0% - 60% |
|---|---|
| Loan duration | 25 years |
| Loan to value | Loan duration |
|---|---|
| 0% - 50% | 10 years |
| Loan to value | 0% - 50% |
|---|---|
| Loan duration | 10 years |
Loan expenses
Loan expenses based on the bank's price list currently in effect.
Eligibility criteria
To become a mortgage loan holder2, it is a prerequisite that you are an HSBC account holder.
Documents required
When applying make sure you have the following with you:
- completed loan application form
- i.d. (both sides) or valid passport (original)
- mortgage loan affirmation for outstanding loans or any other loan obligations
- current payroll corroboration if you are a salaried employee or pensioner
You will also need the following tax documents:
- forms E1 and E3 (originals) for the last three years and recent tax clearance certificate (original) if you are a freelance professional
- latest E9 form (original)
- latest E2 form (original) for income sourcing from real property
- the last three original income tax clearance certificates
Apply in branch
Visit a branch to apply in person.
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