The world's local bank
Home equity loan
HSBC's Home Equity Loan - an opportunity for you to release some of the value tied up with your home. Whether you want to renovate your home or expand your own business, you can potentially receive cash against the equity in your home. Let your home work for you with HSBC's Home Equity Loan.
Features
- No personal guarantee or cash security
- Wide range of loan amounts -
- Minimum: BDT500,000
- Maximum: 60% of the property value (up to a maximum of BDT6,000,000) - Loan facility against your residential house or apartment
- Competitive interest rates
- Interest is calculated on monthly reducing balance
- Low processing fees
- A wide range of loan purposes - purchase of land, apartments, office space, renovation, extension or construction of houses, shops etc, education expenses for children and many more
- Clubbing of income is allowed for immediate family members i.e Husband-Wife, Father-Child, Mother-Child etc.
- More flexibility with a loan tenure of maximum 7 years
- Options for partial prepayment and early settlement
Requirements
- The concerned apartment/house must be occupied by the owner
- Age of the property must not be more than 15 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
