Home Loans

Home Purchase
Whether you want to purchase a new or resale property we will help finance it. In addition we will also provide finance for ‘home improvements’ such as building a swimming pool or landscaping your garden.

Equity Release
Alternatively we can help you raise finance against your existing property to meet various needs such as children’s education, investment planning, buying a car or holiday expenses.

Finance amount upto 70% of the purchase price or the professional valuation, whichever is lower.
Click here for the list of developments HSBC can finance.

Loan term upto 25 years or until you reach the age of 65, whichever occurs first.

Mortgage Protection

Competitive Interest Rates

HSBC now offers you the option of an EIBOR Based Rate which will be benchmarked to three months EIBOR plus a fixed margin depending on the Loan to Value (LTV). For loans of up to 60% LTV, rates start from three month EIBOR + 4%. There will be a rate review every quarter on 1st January, 1st April, 1st July, 1st October and the rate will be automatically re-set in line with the actual current three month EIBOR rate. Please see the tariff sheet for more detail. 3 Month EIBOR as at 1st October 2008 is 4.00%.

Buildings Insurance

Home Contents Insurance

Pre-approved HSBC Gold Card, free for the lifetime of your Home loan

HSBC also offers you the opportunity to enjoy additional benefits and flexibility on your Home Loan, through our unique "Flexi-Home Loan" solution.

Overpayments
You can overpay with no redemption penalty for early repayment subject to a minimum amount of AED 25,000. Such overpayments can only be made on your normal repayment date. By reducing the interest you pay over the tenure of the loan, you can save a substantial amount of money.

Underpayments
In case of cash flow problems, you can apply to pay a lower monthly instalment* to give flexibility in your budgeting. This is subject to overpayments being made previously.

Payment Holidays
You can apply for a payment holiday* for a maximum period of 3 consecutive months, subject to overpayments being previously made.

Re-draw on your account
If you require money for education expenses, a holiday or to buy a car, subject to overpayments being made previously, you can apply for additional finance against your current loan. HSBC will advise you on how much you can "re-draw" on the account based on current interest rates and this repayment** will be in line with your remaining term of your home loan.

Terms and Conditions apply
*Loans are subject to the Bank's standard lending terms and conditions and your ability to meet repayment obligations. Please remember your home will be at risk if you do not make payments due on your mortgage, or any other loan secured against it.
**Loan to value amounts and finance rates can vary dependent on your property development, please speak to us for detail.