HSBC Floating Interest Rate Mortgage Loan
Benefits
Mortgage loan for purchase of 1st or 2nd home, home improvement or repair, purchase of incomplete residence or completion of residence at concrete stage, home purchase for investment or transfer of loan for 1st or 2nd home from another bank
Gradual disbursement of money in case of home improvement, purchase of incomplete residence or completion of residence at concrete stage**
- Loan-to-Value up to 80%*
Loan duration up to 30 years*
Simple procedures, clear terms, transparency on all levels
* See analytically the tables under section 'Loan duration'.
** Completion of residence & purchase of unfinished residence: It is a prerequisite that 55%-60% of the residence has been completed (i.e. that the concrete stage has been completed at the time of application, without any derogation).
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.
Interest rates
The mortgage loan with floating interest rate is offered linked to Euribor 1 month, plus spread that varies according to the loan purpose.
Euribor 1M, which, if becomes less than zero, shall be deemed to be zero.
| Loan Purpose | Loan-to-Value | Maximum Loan Duration |
|---|---|---|
| First Residence | 80% | 30 years |
| Mortgage Loan Transfer for 1st Residence from another bank | 80% | 30 years |
| Residence completed at concrete stage (It is a prerequisite that 55%-60% of the residence has been completed (i.e. that the concrete stage has been completed at the time of application, without any derogation) | 75% | 30 years |
| Second Residence | 75% | 30 years |
| Mortgage Loan Transfer for 2nd Residence from another bank | 75% | 30 years |
| Home purchase for investment | 70% | 25 years |
| Home Equity (with property prenotice for servicing consumer needs) | 60% | 15 years |
| Renovation | 50% | 15 years |
| Loan Purpose | First Residence |
|---|---|
| Loan-to-Value | 80% |
| Maximum Loan Duration | 30 years |
| Loan Purpose | Mortgage Loan Transfer for 1st Residence from another bank |
| Loan-to-Value | 80% |
| Maximum Loan Duration | 30 years |
| Loan Purpose | Residence completed at concrete stage (It is a prerequisite that 55%-60% of the residence has been completed (i.e. that the concrete stage has been completed at the time of application, without any derogation) |
| Loan-to-Value | 75% |
| Maximum Loan Duration | 30 years |
| Loan Purpose | Second Residence |
| Loan-to-Value | 75% |
| Maximum Loan Duration | 30 years |
| Loan Purpose | Mortgage Loan Transfer for 2nd Residence from another bank |
| Loan-to-Value | 75% |
| Maximum Loan Duration | 30 years |
| Loan Purpose | Home purchase for investment |
| Loan-to-Value | 70% |
| Maximum Loan Duration | 25 years |
| Loan Purpose | Home Equity (with property prenotice for servicing consumer needs) |
| Loan-to-Value | 60% |
| Maximum Loan Duration | 15 years |
| Loan Purpose | Renovation |
| Loan-to-Value | 50% |
| Maximum Loan Duration | 15 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% | 15 years |
| Loan to value | 0% - 50% |
|---|---|
| Loan duration | 15 years |
Loan expenses
Loan expenses based on the bank's price list currently in effect.
No charge of administration fees.
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.
Related products
HSBC Asset Backed Mortgage
Take hold of real investment opportunities or to meet your current needs as they arise without having to make any change to your investment portfolio.
HSBC Asset Backed Consumer Loan
Opportunities and new needs arise every day and we are close to you to facilitate every choice you make.