The decision to buy or renovate a home is one of the most important investment decision you will ever make. HSBC's Home Loan facility will assist you in purchasing new apartment or renovate your home.

• No personal gurantee or cash security.
  
  
• Competitive interest rates.
  
  
• Interest is calculated on a monthly reducing balance as opposed to an annual reducing balance, giving you a lower monthly instalment amount with HSBC.
  
  
• A maximum loan amount of 70% of the total value of the apartment or BDT2,000,000 for renovation.
  
  
• Loan size between a minimum of BDT 750,000 and maximum of BDT 7,500,000.
  
  
• Financing for the registration cost.
  
  
• Repayments by monthly instalments of up to 15 years or prior to borrower's age reaching 60 years or retirement date, whichever is earlier.
  
  
• Partial prepayment and prepayment allowed.

• You should be employed by a well-established company for 2 years. If less than 2 years in current job, previous employment record will be considered.
  
  
• Minimum monthly income of at least BDT 40,000. Spouses may club their incomes together and apply as joint applicants.
  
  
• Self employed individuals can also apply subject to adequate proof of income.

• Letter from your employer.
  
  
• Documents stated in the Application Form.
  
  
• We do not require any personal guarantee or cash security to support the loan.
  
  
• A registered mortgage in favour of HSBC and original title deed.
  
  
• Property insurance is required covering fire, earthquake, flood, and cyclone.

[All the above conditions are subject to change]


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