Home loan

• 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

• 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

• 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

• Call now on 01199 88LOAN (5626), 01199 88HSBC (4722)


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