Home loan HSBC Bank
Thursday, February 18, 2010
The decision to buy or renovate a home is one of the most important investment decisions you will ever make. HSBC's Home Loan facility will assist you in purchasing a new apartment or renovate your existing home.
Features
* No personal guarantee or cash security
* Wide range of loan amounts -
- Minimum: BDT750,000
- Maximum: 70% of the total value of the apartment (up to a maximum of BDT7,500,000*)
* Financing for the registration cost
* Competitive interest rates
* Interest is calculated on monthly reducing balance as opposed to annual reducing balance, giving you a lower monthly instalment amount
* Low processing fees
* Clubbing of income is allowed for immediate family members i.e Husband-Wife, Father-Child, Mother-Child etc.
* Repayments by monthly instalments of up to 15 years or prior to borrower's age reaching 60 years or retirement date, whichever is earlier
* Options for partial prepayment and early settlement
*Maximum of BDT2,000,000 for renovation purposes
Eligibility
* Age: At least 23 years
* Professional Experience:
- Salaried: Employed for at least two years by a well-reputed company
- Self-employed: Business establishment for at least two years (with adequate proof)
* Minimum Monthly Income:
* Salaried: BDT 40,000
* Self Employed: BDT 50,000
Requirements
* Age of the property must not be more than 10 years
* Property valuation and vetting cost must be borne by the customer
* Registered mortgage in favour of HSBC and original title deed
* Irrevocable General Power of Attorney (IGPA) in favour of HSBC
* Property insurance covering fire, earthquake, flood, and cyclone
* Documents stated in the Application Form
* All of the above conditions are subject to change
* Other Conditions Apply
*Last updated in March, 2009
Need to know more?
* Call now on 01199 88LOAN (5626), 01199 88HSBC (4722)
* Contact Us
Features
* No personal guarantee or cash security
* Wide range of loan amounts -
- Minimum: BDT750,000
- Maximum: 70% of the total value of the apartment (up to a maximum of BDT7,500,000*)
* Financing for the registration cost
* Competitive interest rates
* Interest is calculated on monthly reducing balance as opposed to annual reducing balance, giving you a lower monthly instalment amount
* Low processing fees
* Clubbing of income is allowed for immediate family members i.e Husband-Wife, Father-Child, Mother-Child etc.
* Repayments by monthly instalments of up to 15 years or prior to borrower's age reaching 60 years or retirement date, whichever is earlier
* Options for partial prepayment and early settlement
*Maximum of BDT2,000,000 for renovation purposes
Eligibility
* Age: At least 23 years
* Professional Experience:
- Salaried: Employed for at least two years by a well-reputed company
- Self-employed: Business establishment for at least two years (with adequate proof)
* Minimum Monthly Income:
* Salaried: BDT 40,000
* Self Employed: BDT 50,000
Requirements
* Age of the property must not be more than 10 years
* Property valuation and vetting cost must be borne by the customer
* Registered mortgage in favour of HSBC and original title deed
* Irrevocable General Power of Attorney (IGPA) in favour of HSBC
* Property insurance covering fire, earthquake, flood, and cyclone
* Documents stated in the Application Form
* All of the above conditions are subject to change
* Other Conditions Apply
*Last updated in March, 2009
Need to know more?
* Call now on 01199 88LOAN (5626), 01199 88HSBC (4722)
* Contact Us
