Home Loans - Frequently Asked Questions

It provides the opportunity for customers, both national and expatriate, to borrow money for the purchase of selected residential developments in the Emirates of Abu Dhabi, Dubai and Ras Al Khaimah.

Yes, however you can apply without being a current HSBC customer and we will arrange an appropriate account for you if you are approved for a Home Loan.

Customers who wish to purchase a property from one of the selected development site's for which HSBC is providing finance, subject to meeting HSBC's lending criteria. You can apply from anywhere in the world.

Please click here to view the Loan to Value Matrix (List of developments financed by HSBC)

The principle features are:

Variable rate of interest. This rate is subject to quarterly review.

3 Month EIBOR Based Rate. This rate will be based on the 3 month EIBOR and have fixed margins depending on the loan's LTV. This rate is subject to quarterly review.

Maximum Tenure period: a maximum term of 25 years (subject to repayment before 65th birthday). The maximum tenure may differ for individual developments, please check with us for confirmation.

Finance amount upto 60% of the purchase price or the professional valuation, whichever is lower.

We can arrange competitive Home Loan rates
As a major international bank we are also able to offer our clients a full range of financial services and products - i.e. budget accounts, money remittance services, Credit cards, Personal loans, Vehicle finance, Financial Planning services, Telephone and Internet Banking etc.

Interest is calculated on the daily balance outstanding on your Home Loan account. Your monthly instalment will be applied to your outstanding balance, plus the interest accrued.

Call toll-free 800 HOUSE. Alternatively you can contact us by e-mail at: homefinanceuae@hsbc.com
You can discuss your needs with a member of the HSBC Home Loan team, who will conduct an initial fact find interview to ensure that you have a full picture of what is required.

We offer a Shariah compliant Home Finance facility through our Al Asaas product.

We will require you to repay the outstanding Home Loan amount and interest owing up to the time of sale. Please see "Flexi - Home Loan" for details.

Yes, Customers can take insurance for life and property cover arranged by HSBC Insurance Brokers Limited, or provide their own cover through an approved insurer and assign it to HSBC. If a customer makes their own insurance arrangements there will be a cost involved in the assignment of the policies and the borrower must pay these costs (please click here for Fees and Charges). Building Insurance and Life insurance are both mandatory

Specialising in offshore banking and the provision of wealth management services to expatriates and international customers, HSBC Bank International Ltd is the Group's specialist provider of global financial services. Headquartered in Jersey, Channel Islands with offices presently in South Africa, Singapore, Hong Kong and Dubai, the Dubai Representative Office of HSBC Bank International Ltd currently arranges mortgages for UK properties. Their Dubai contact number is +9714 3948252 or you can email them at dubai.repoffice@hsbc.com

A Home Loan account of more than AED 5,000,000 will make Home Loan customer eligible for HSBC Premier service, subject to other qualification criteria.