HSBC Bank offers a range of mortgage solutions in the UAE, catering to both residents and non-residents. With competitive interest rates and flexible terms, HSBC aims to make homeownership accessible and convenient.

Key Features:

Interest Rates:
– Reducing Rate: Starting from 5.25% per annum.
– Flat Rate: Approximately 3.19%.

Loan Tenure: Up to 25 years.

Loan Amount: Up to AED 20 million.

Down Payment:
– 20% for first property purchases under AED 5 million.
– 30% for first property purchases over AED 5 million.
– 40% for second property purchases.

Early Settlement:
– Up to 25% of the outstanding balance can be repaid annually without penalty.
– Beyond 25%, an early settlement fee of 1% of the outstanding amount or AED 10,000 (whichever is lower) applies.

Processing Fee: 0.525% of the loan amount (waived for buyout cases).

Property Valuation Fee: AED 2,625.

 Insurance:
– Life Insurance: Arranged through Zurich, as per bank requirements.
– Property Insurance: 0.035% per annum.

 Eligibility Criteria:

– Age: 21 to 65 years.

– Minimum Monthly Income: AED 15,000.

Employment:
– Salaried individuals: Minimum 6 months in current employment.
– Self-employed individuals: Minimum 2 years in business.

 Residency:
– UAE residents are eligible.
– Non-residents can apply if they are HSBC Premier or Jade customers.

 Required Documents:

For All Applicants:

– Valid Passport, Resident Visa, and Emirates ID.
– Property documents (if finalized).
– Liability letter (for buyout cases).

Salaried Individuals:

– Latest salary certificate addressed to HSBC.
– Last 6 months’ personal bank statements.
– Pay slips for the last 6 months (if salary varies).

Self-Employed Individuals:

– Valid trade license.
– Memorandum of Association (MOA) with all amendments.
– Last 6 months’ personal and company bank statements.
– Audited financials for the last 2 years.

Ready to explore HSBC’s mortgage options?

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