Home loan

A home for you and your loved ones must be one of the most treasured dreams in your life. With competitive rates, convenient features and simple procedures, Home Loan from HSBC will enable you to turn your dream into reality.

Features

Loan amount of BDT 750,000 - BDT 7,500,000
Maximum loan amount of 80% of the property valuation, inclusive of registration cost
Financing for the registration cost
Clubbing of income amongst spouse, father and son/daughter, mother and son/daughter is possible
Competitive interest rates on a monthly reducing balance
Loan tenure of 5 - 20 years (prior to borrowers age reaching 60 years)
The age of the property must not exceed 20 years of age
Apartments under construction is also applicable for Home Loan facility
As a customer, you also have flexibility to buy apartment under construction subject to the terms and conditions as applied by the Bank
Partial or early settlement facilities
No personal guarantee or cash security

Eligibility

Age: At least 23 years
Professional Experience:
- Salaried: Employed for at least 2 years by a well-reputed organization
- Self employed: Professional experience or business establishment for at least 2 years (with adequate proof)
Minimum Monthly Income:
- Salaried: BDT 40,000
- Self Employed: BDT 50,000

What security documentation do you require?

Mortgage and original title deed
Property insurance covering fire, earthquake, flood, and cyclone
Irrevocable General Power of Attorney (IGPA)

How do you repay?

Loan repayment can be made in the form of monthly instalments. You have the flexibility of choosing a convenient repayment period between 5 and 20 years. Your monthly instalment will be automatically debited from your personal account with HSBC. Interest is calculated on a monthly reducing balance as opposed to an annual reducing balance, giving you a lower monthly instalment amount with HSBC.

How do you apply?

Just drop in at your nearest HSBC branch or customer service centre or contact our Call Centre for more information. We will be happy to help you with your queries.

Talk to HSBC and turn your dream into reality!

*Notes: Terms and conditions apply
Applications are approved at the sole discretion of HSBC