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Floating Interest Rate Mortgage Loan

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 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 duration

Attica & Thessaloniki 

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 duration

Attica & Thessaloniki 

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

For all loan purposes - Other major cities with touristic interest

Loan to value Loan duration
0% - 60% 25 years

For all loan purposes - Other major cities with touristic interest

Loan to value 0% - 60%
Loan duration 25 years

House improvement - all locations

Loan to value Loan duration
0% - 50% 15 years

House improvement - all locations

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.

2 For the loan's approval a minimum annual personal income of 25,000 euros or a minimum annual family income of 45,000 euros is required.

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

Related products

 

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.

 

Opportunities and new needs arise every day and we are close to you to facilitate every choice you make.