HSBC Home Loan And Mortgage Interest Rates
The background of HSBC bank
This history of HSBC for existing in Malaysia can goes back to 1884 once the Hongkong and Shanghai Banking Corporation Limited established its first office in the island of Penang in Malaysia, with rights to release currency notes. HSBC Bank Malaysia was the very first foreign bank that incorporated locally for Malaysia government to granted the Islamic banking subsidiary license in the region in 2007. HSBC Amanah Malaysia Berhad, a completely fledged Islamic bank wholly possessed by HSBC Bank Malaysia, began operating in August 2008. Presently HSBC in Malaysia includes a network of 48 branches countrywide with 40 conventional branches as well as 8 Islamic branches.
HSBC provides you with simple home loan plan
Simplicity is good if you have fundamental needs and don’t require many features in the home loan. The Perfect Home Plan’s especially suitable for very first time home purchasers of the property worth as much as RM100,000 in Peninsular Malaysia or RM120,000 in East Malaysia.
How can you tell whether the HSBC Ideal Home Plan is suitable for you?
- Would you prefer regular, systematic payments?
- Would you not anticipate getting extra cash to deposit to your home loan?
- Would you not plan to consolidate your idle funds to your housing loan account?
If you have clarified ‘Yes’ for those 3 questions, you might be an ideal candidate for Ideal Home Plan. For those who have 1 or more than 1 ‘No’s for the questions, you might prefer a far more flexible mortgage home loan for example HSBC HomeSmart.
Enjoy these benefits with HSBC Ideal Home Plan
- Margin of financing as much as 90%
- No monthly fee and initial cost is required
- Interest is calculated monthly
- Think about integrating your housing loan with Takaful Items for complete home and private protection
What are Needed
- Age must be between 18 to 65 years old
- Your house is your only property
- Property value as much as RM100,000 for Peninsular Malaysia or RM120,000 for East Malaysia
- Not relevant for refinancing
Documents needed:
- Photocopy of NRIC
- Photocopy of Tax returns (J Forms) for 2 years
- Latest 3-month salary slips and bank claims
- Business registration documents and Profit & Loss take into account company (if self-employed)
- Sale & Purchase Agreement or Property Title, and Letter of Offer from developer
Get the ideal home loan/financing to help you to get your first home easier
A flexible home loan or house refinancing would be the best choice in case you wish to repay your housing loan or home financing faster and lower your interest due. This is how HSBC can do for you.
- Lower interest due by adding your whole salary in your home financing account. If you want the cash, you can just withdraw the surplus payment (salary – monthly instalment = surplus payment) anytime without costs.
- Keep just a little behind each month. Saving some extra said for RM50 inside your flexible mortgage loan/funding account each month as surplus payment will save you for the interest billed.
- Have a longer tenure to savor lower monthly instalments payment to ensure that it won’t be troublesome for you having any financially tight in certain periods. An extended tenure could be reduced with excess obligations in which you devote in your house/mortgage financing account.
Refinance to free up cash
If you have had your house loan/financing for several years, for example 5 years or even more, you might be a prime candidate for refinancing.
You will find benefits of refinancing. Get ready to enjoy:
- Lower rates of interest
- Decrease in monthly instalments
- Release cash for other life’s reasons
- More flexible mortgage loan/financing features for things like cheque book, ATM and internet banking facility
Knowing on how refinancing work?
- You make the most of your property’s increasing value to acquire a bigger mortgage loan/financing amount.
- Your refinanced mortgage loan/financing takes care of your present home loan/financing.
- You’re free for making use of the total balance as you want.
Here is the list of different Home Loan Packages offered by HSBC
| No | HSBC Package Name | Rate Type | Interest Rates |
| 1 | Whole Tenure (min RM300k, no MRTA) | Floating | BLR – 2.1% throughout |
| 2 | Whole Tenure (min RM300k, with MRTA) | Floating | BLR – 2.2% throughout |
| 3 | HomeSmart (less than RM300k, 5 Year lock-in) | Floating | BLR – 2.15% throughout |
| 4 | HomeSmart (less than RM300k, 3 Year lock-in) | Floating | BLR – 2.15% throughout |
| 5 | HomeSmart (more than RM300k, 5 Year lock-in) | Floating | BLR – 2.35% throughout |
| 6 | Whole Tenure (more than RM750k) | Floating | BLR – 2.45% throughout |
| 7 | HomeSmart (more than RM300k, 3 Year lock-in) | Floating | BLR – 2.35% throughout |
| 8 | Special Homeloan Campaign (Completed Properties above RM300k) | Floating | BLR – 2.2% throughout |
| 9 | Special Homeloan Campaign (Completed Properties below 300K) | Floating | BLR – 2% throughout |
| 10 | Special Homeloan Campaign (Uncompleted Properties above RM300k) | Floating | BLR – 2.2% throughout |
| 11 | Special Homeloan Campaign (Uncompleted Properties below 300K) | Floating | BLR – 2% throughout |
For more latest information, you may try to contact your nearby HSBC branches for further inquiry.
HSBC Head Office Address
No. 2, Leboh Ampang,
50912 Kuala Lumpur
Telephone: +60 3 2070 0744
Facsimile: +60 3 2070 1146
Call Center: 1300 88 0181 or 603 2050 7676
Website: www.hsbc.com.my
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Interesting article. I’m a real estate agent the the Northeast Florida area myself, and things are pretty difficult around here. I’m grateful I have also been able to find a way to stay in the business
Hope you are going to do well soon.
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Thank you for posting this. I’m a real estate agent myself in the Jacksonville Florida area, and have certainly witnessed changes over the last few years. I just work Jacksonville short sales and am fortunate to have found a niche to make a living in these times.
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