HSBC is one of the leading banks in the world that offers great financial services and products. The headquarters of the bank is established in London. Hong Kong and Shanghai Bank commenced operation in Singapore in the year 1877. The bank has more than six thousand offices all across the globe. The branches are present in Asia, Oceania, Africa, Europe, South America and North America.
Hong Kong and Shanghai Bank has different business groups. They are Global Private Banking, Wealth Management and Retail Banking, Investment Banking (Global Banking & Markets) and Commercial Banking. Hong Kong and Shanghai Bank offers financial products and are attractive and lucrative for the customers. The Home Loan refinancing scheme offered by this particular bank is unique and comes with different benefits. Purchasing a house is a matter of great pride and honour. It is an asset for you and your family. It is probably the biggest financial commitment of your life. It is probable that you have taken a home loan to buy your house or property. You can easily choose to think of refinancing your existing home loan by choosing the Hong Kong and Shanghai Bank Home Loan Refinancing scheme.
Hong Kong and Shanghai Bank Corporation has earned a lot of reputation and goodwill by serving their customers well. Their products and services are flexible and come with an immense amount of customisation. The Home Loan Refinancing Scheme allows you to choose from a plan of your choice as per our needs and convenience. Choosing this product can definitely prove to be a wise decision for you.
With this particular loan scheme, you can avail a lot of flexibility. There is no lock in period with the lucrative SIBOR pegged packages
|Year 1||SIBOR + 1.50 percent per annum||SIBOR + 1.20 percent per annum||SIBOR + 1.15 percent per annum|
|Year 2||SIBOR + 1.50 percent per annum||SIBOR + 1.20 percent per annum||SIBOR + 1.15 percent per annum|
|Year 3||SIBOR + 1.50 percent per annum||SIBOR + 1.20 percent per annum||SIBOR + 1.15 percent per annum|
|Thereafter||SIBOR + 1.50 percent per annum||SIBOR + 1.35 percent per annum||SIBOR + 1.35 percent per annum|
In order to avail a SIBOR pegged package, the amount of the loan must be at least SGD 200,000.
With the Smart Mortgage scheme you can easily decrease the interest amount that is payable by you on the mortgage amount. The interest that you will earn on the current account will be offsetting the amount of interest that is payable for the home loan. With this particular scheme you can easily manage your finances as per your convenience. Since the current account that you have and the Smart Mortgage are linked, you get a huge amount of flexibility to control and maximise your savings.
|Year 1||1M/3M SIBOR + 1.35 percent per annum||1M/3M SIBOR + 1.30 percent per annum|
|Year 2||1M/3M SIBOR + 1.35 percent per annum||1M/3M SIBOR + 1.30 percent per annum|
|Year 3||1M/3M SIBOR + 1.35 percent per annum||1M/3M SIBOR + 1.30 percent per annum|
|Year 4||1M/3M SIBOR + 1.35 percent per annum||1M/3M SIBOR + 1.30 percent per annum|
|Thereafter rates||1M/3M SIBOR + 1.35 percent per annum||1M/3M SIBOR + 1.30 percent per annum|
As the name suggests, this particular loan scheme offers you variable rates. With this, you can avail discount against bank’s SHR (Special Housing Rate). The amount of the loan must be at least SGD 200,000.
|Variable rate package|
|Interest rate (per annum)|
|No lock-in||Two-year lock-in||Three-year lock-in|
|Year 1||3.50 percent (SHR less 2.30 percent)||1.90 percent (SHR less 3.90 percent)||1.80 percent (SHR less 4.00 percent)|
|Year 2||3.50 percent (SHR less 2.30 percent)||2.70 percent (SHR less 3.10 percent)||2.60 percent (SHR less 3.20 percent)|
|Year 3||3.70 percent (SHR less 2.10 percent)||3.40 percent (SHR less 2.40 percent)||3.20 percent (SHR less 2.60 percent)|
|Thereafter||3.80 percent (SHR less 2.00 percent)||3.80 percent (SHR less 2.00 percent)||3.80 percent (SHR less 2.00 percent)|
The Fixed Rate Loan scheme comes with rates of interest that are fixed throughout the entire tenure of the loan. The rates are competitive and attractive too.
The needs of individuals are changing on a constant basis. The innovative and flexible home loan refinancing scheme is also keeping up with the change. It meets all the requirements and demands of the consumers.
There are several benefits of this home loan refinancing scheme offered by Hong Kong and Shanghai Bank Corporation in Singapore. These benefits are listed below.
An individual can borrow for period of 35 years. This is applicable for all the private properties. For the HDB (Housing Development Board) flats, an individual can take a loan for a period of 30 years.
The documents that are required in order to complete the Hong Kong and Shanghai Bank Corporation Home Loan Refinancing scheme application are as follows.
Absolutely. You may choose to make partial payment or full payment in advance for the loan amount that you took. Please, do take a look at Facility Letter and also the Standard terms applicable to the early repayments before you make payments in advance.