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Home Loans

New Home Loan

Don't just dream of your own home, wake up in one.


There is no better feeling than owning a home. It's what you've been working hard for and the one place where your family truly feels at home.

While many of us come to the UAE with a plan to stay just a few years, a lot of us end up staying for much longer, given the UAE's friendly, multi-cultural and progressive environment. Regardless of whether you have a long-term plan or not, it may be a good idea to purchase a house since the monthly instalments might work out just as much as your monthly rent.

Which is why we have designed a Home Loan that makes owning a home in the UAE more convenient. With interest rates starting from just 3.24% p.a.1, you can finally close the door on your rented home and move into one of your own.

Receive a call back within 30 minutes for a New Home Loan2

Have us call you


  • Approval In Principle (AIP) provided in 48 hours3
  • Rates starting from 3.24% p.a.1
  • Free overpayments up to 25% of the outstanding amount per calendar year
  • No salary transfer required
  • Interest is calculated on the daily outstanding balance of your Home Loan based on the AED EIBOR rate4


Apply now

Our representative will call you back in 30 minutes


Have us call you
or
Call us at your convenience

800 HOUSE (800 46873) (within the UAE) or


+971 4 325 4792 (outside the UAE)

Lines open from Saturday to Thursday 8am – 4pm



Benefits



Competitive rates

The EIBOR-mortgage interest rate is the three month EIBOR plus a fixed margin. The three-month EIBOR rate is reviewed on a quarterly basis.

Over payments

Save a significant amount of money with overpayments by reducing the overall amount of interest payable over the life of your loan. You can overpay with no redemption penalty subject to a minimum amount of AED25,000. Please note that overpayments can only be made on your usual repayment date. Please note that any amount deposited as an over payment can not be withdrawn later in the future. Overpayments must not total more than 25% of the total outstanding loan amount in any calendar year.

No salary transfer required

With an HSBC Home Loan, there is no mandatory requirement to transfer your salary to us. You can continue holding your account with another bank and still be eligible for an HSBC Home Loan.

Home Loan calculator

Whether you are in the market for a new home or want all the details about a Home Loan. The HSBC Home Loan calculator range features calculators that are simple to fill in and give you quick answers.

Home Loan repayments calculator


Determine your monthly Home Loan repayments based on how much you need to borrow.


Calculate



Lump sum calculator


How much time and interest can you save by paying a lump sum off your Home Loan?


Calculate

Home Loan Terms and Conditions, Schedule of Services and tariffs apply.

1 Rate is based on reducing balance and applicable to UAE resident Premier Customers, borrowing a loan amount of AED 5 Million or more.

2 Our Home Loan team is available from Sunday to Thursday, 8:00 am to 4:00 pm and we will contact you on the same working day you submit the call back request. If your form is submitted outside these times, we will call you back in the next working day.

3 Home Loan approval is in principle. It will be provided in 48 hours after submitting satisfactory documentation to an HSBC Mortgage Advisor during working hours between Sunday to Thursday, 8:00am to 4:00pm

4 The EIBOR based rate is comprised of 3 month variable AED EIBOR which is updated on a quarterly basis and a fixed margin that remains fixed for the life of the loan.

If you default on your home loan agreement, this may result in additional charges and/or discontinued service (see our Schedule of Tariffs and Personal Banking Terms and Conditions).

HSBC Premier by Home Loan : Eligibility criteria

If your home loan meets the below eligibility criteria, then you may be eligible for a Premier bank account with us. Please contact us for more details.

1. Your home loan amount must be AED 3 million or more
2. You must successfully meet the HSBC Premier by Mortgage eligibility criteria set out above in order to take advantage of discounted fees and charges available to HSBC Premier Customers. Please see our Schedule of Tariffs for further information
3. AED 350,000 has to be maintained in deposits and/or investments within 24 months or if the Home Loan is fully paid-off before 24 months to avoid charges and discontinued service or Monthly net salary transfer of AED 50,000 or above.

Home Loan rates


Applicable for new home loan customers

UAE Resident HSBC Premier Customer Rate1
Home Loan Amount of AED 5 Million or more
New Home Purchase, Balance Transfer, Balance Transfer with Top Up 3.24% p.a.
Home Loan Top Up and Equity Release Loan 3.75% p.a.
Home Loan Amount less than AED 5 Million
New Home Purchase, Balance Transfer, Balance Transfer with Top Up 3.75% p.a.
Home Loan Top Up and Equity Release Loan 4.49% p.a.

UAE HSBC Advance, Personal Banking and Non Resident Customers Rate1
New Home Purchase, Balance Transfer, Balance Transfer with Top Up 4.49% p.a.
Home Loan Top Up and Equity Release Loan 4.99% p.a.


1 Rates are based on reducing balance and are comprised of 3 month variable EIBOR which is updated on a quarterly basis and a fixed margin that remains fixed for the life of the loan (Please refer to the Schedule of Services and Tariffs or your Home Loan Agreement for the margin).

3 Months EIBOR at 2nd July 2016 – 1.11557%

You can get an HSBC Home Loan if:


  • Aged 21 to 65 years
    • 65 for salaried and 70 for self–employed/UAE Nationals
  • Minimum income of AED15,000 per month
  • Salaried or Self Employed
  • Customers residing outside the UAE applying for a mortgage will only be considered if they are Premier customers and meet the HSBC lending criteria

What does the HSBC Home Loan provide?

It provides the opportunity for customers, both national and expatriate, to borrow money for the purchase of selected residential properties in developments in the Emirates of Abu Dhabi and Dubai. The home loan will be secured against the property.


Do I have to have an HSBC bank account to apply for an HSBC Home Loan?

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.


Who is eligible?

Customers earning a income of AED15,000 per month and above (or equivalent in other currencies), who wish to purchase a property from one of the selected developments for which HSBC is providing finance, subject to meeting HSBC's lending criteria.


What are the principal features of HSBC Home Loan?

– EIBOR home loans are based on the three-month EIBOR, subject to quarterly review, and a fixed margin that remains fixed for the life of the loan
– Maximum term of 25 years (subject to applicable regulations)
– Finance amount of up to 75% of the purchase price or the professional valuation, whichever is lower


What are the advantages of HSBC Home Loan?

We offer competitive home loan rates with no financial penalties if you repay the loan in full before the end of the Repayment Period after the first 3 years (administrative charges will apply for loan closure).You can also overpay throughout the term of the home loan (subject to minimum and maximum overpayment requirements) see our Schedule of Tariffs for further details. A dedicated team of experienced mortgage advisers will assist you to arrange your home loan. Following your purchase further assistance is available by calling at 800 HOUSE.


How is interest for HSBC Home Loan calculated?

Interest is calculated on the daily principal balance outstanding on your home loan account. Your monthly installment will be applied against your outstanding balance, plus the interest accrued.


How do I apply for HSBC Home Loan?

To apply for an HSBC Home Loan you can call toll–free 800 HOUSE, visit your nearest branch or the HSBC website.
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.


What happens if I sell the house before the home loan is paid off?

We will require you to repay the full outstanding balance of your home loan (principal plus interest) owing up to the time of sale, whereupon we will release our security over the property. Please call toll free 800 HOUSE or visit a branch for further details.


Can I arrange my own insurance?

Yes. Customers can take life and property insurance arranged by HSBC or provide their own cover through an accepted insurance provider and assign the benefit of the policy to HSBC. If a customer makes their own insurance arrangements there may be a cost involved in the assignment of the policies and the borrower must pay these costs. Life insurance and property insurance (for villas and townhouses) are both mandatory.


What is the mortgage closure procedure?

If you are planning to close your mortgage account with us and pay off the remaining outstanding balance of the home loan, we request you to let us know the appropriate scenario applicable. This information is required by us in order to issue the relevant liability letter(s).

Scenarios

1. Are you planning to sell the property to a cash buyer? If so, please provide the name and passport of the buyer and specify the source of the buyer's funds.
2. Are you planning to sell the property to a buyer who is availing a mortgage with HSBC Bank Middle East? If so, please provide the name of the buyer.
3. Are you planning to sell the property to a buyer who is availing his/her mortgage from another bank/finance company? If so, please provide the name of the bank/company.
4. Are you planning to transfer your mortgage from HSBC to another bank/finance company? If so, please provide the name of the bank/company.
5. Are you planning to pay off and close the mortgage with your own funds? If so, please specify the source of these funds.

Basic charges for per mortgage closure will be:

Home Loan Closure Fees
Early Settlement Charge for home loans 1% on the amount of loan outstanding or AED 10,000, whichever is less Your home loan is subject to an Early Settlement Charge, which is applied when you settle the loan in full. This Early Settlement Charge will only be applicable within the first 3 years of the Repayment Period.

Process and requirements

- Once you let us know your closure scenario, we shall arrange to prepare your liability letter, which will give you the pay off amounts including charges, within 10 working days
- Additionally, a copy of the liability letter will also be prepared (applicable to scenario number 3 and 4 only) in order for you to forward the same to the other bank/company
- The liability letter needs to be signed by yourself, and the original copy must be returned to the bank in order for us to proceed with your closure. (The Bank will be unable to settle the outstanding mortgage if the signed liability letter redemption statement is not returned to the HSBC Home Finance Department)

Mode of payment

You can make funds available in your HSBC bank account and provide us with an authority to debit the account. Alternatively you can send us a manager's cheque payable to: HSBC Bank Middle East Limited

Number of days to release your documents

– If you close your mortgage through cash (funds available in your HSBC account), the documents will be released after seven working days
– If you close your mortgage by giving us a cheque (manager's cheque), the documents will be released after ten working days


What is the mortgage part-payment procedure?

You can make an overpayment at any time. This should be a minimum of AED25,000 on top of your usual monthly installment. We will not charge a fee for overpayments. Such additional payments can only be made on your usual monthly installment date.
Overpayments must not total more than 25% of the total outstanding loan amount in any calendar year.

– If you wish to make an overpayment please notify us in writing
– Please note that you will not be able to redraw any overpayments made. We must not normally reverse or cancel any overpayment instructions.
– You can choose to make the part payment by using your online banking account or by signing a debit authority for us to facilitate the payment.
– Please note that following the overpayment your loan tenure will remain the same, however your monthly installment amount will reduce.
– Existing Amanah mortgage customers looking to make overpayments will need to sign a letter in addition to the above.
– For any further queries, you can contact one of our mortgage advisers or call 800 HOUSE.

Apply now

Our representative will call you back in 30 minutes


Have us call you
or
Call us at your convenience

800 HOUSE (800 46873) (within the UAE) or


+971 4 325 4792 (outside the UAE)

Lines open from Saturday to Thursday 8am – 4pm


Balance Transfer

Save more for your loved ones by switching your home loan to HSBC.


Your home is one of the most important investment decisions you've taken in your life. And monthly interest payments constitute a large part of this investment. By switching your Home Loan to HSBC today you can enjoy interest rates starting at just 3.24% p.a.1 that could result in substantial savings over the remaining tenure of your loan. Savings that you could comfortably invest in your child's education or your retirement plan.

Transfer your home loan to HSBC now with interest rates starting at just 3.24% p.a.1

  • Approval In Principle (AIP) provided in 48 hours2
  • No salary transfer required
  • Free overpayments up to 25% of the outstanding loan amount per calendar year
  • No early settlement charges after the first three years3
  • A dedicated team of mortgage advisors who are available at 800 HOUSE (46873) to answer all your mortgage-related queries

Transfer Your Home Loan To HSBC

Find out how much you can save by transferring your Home Loan to HSBC.

Fill in your current outstanding loan amount, remaining tenure and the interest rate you're currently paying, to see how much you could save.

Years
AED
%
%
Calculate

*Actual interest rates may vary based on eligibility.

Reset Have us call you

Home Loan Terms and Conditions, Schedule of Services and tariffs apply.

1 Rate is based on reducing balance and applicable to UAE resident Premier Customers, borrowing a loan amount of AED 5 million or more

2 Home Loan approval is in principle. It will be provided in 48 hours after submitting satisfactory documentation to an HSBC Mortgage Advisor during working hours between Sunday to Thursday, 8:00am to 4:00pm

3 A charge of 1% on the outstanding loan amount or AED 10,000, whichever is lower, will apply in the first three years

Home Loan rates

Applicable for new home loan customers

UAE Resident HSBC Premier Customer Rate1
Home Loan Amount of AED 5 Million or more
New Home Purchase, Balance Transfer, Balance Transfer with Top Up 3.24% p.a.
Home Loan Top Up and Equity Release Loan 3.75% p.a.
Home Loan Amount less than AED 5 Million
New Home Purchase, Balance Transfer, Balance Transfer with Top Up 3.75% p.a.
Home Loan Top Up and Equity Release Loan 4.49% p.a.

UAE HSBC Advance, Personal Banking and Non Resident Customers Rate1
New Home Purchase, Balance Transfer, Balance Transfer with Top Up 4.49% p.a.
Home Loan Top Up and Equity Release Loan 4.99% p.a.


1 Rates are based on reducing balance and are comprised of 3 month variable EIBOR which is updated on a quarterly basis and a fixed margin that remains fixed for the life of the loan (Please refer to the Schedule of Services and Tariffs or your Home Loan Agreement for the margin).

3 Months EIBOR at 2nd July 2016 – 1.11557%

You can get an HSBC Home Loan if:


  • Aged 21 to 65 years
    • 65 for salaried and 70 for self–employed/UAE Nationals
  • Minimum income of AED15,000 per month
  • Salaried or Self Employed
  • Customers residing outside the UAE applying for a mortgage will only be considered if they are Premier customers and meet the HSBC lending criteria

What does the HSBC Home Loan provide?

It provides the opportunity for customers, both national and expatriate, to borrow money for the purchase of selected residential properties in developments in the Emirates of Abu Dhabi and Dubai. The home loan will be secured against the property.


Do I have to have an HSBC bank account to apply for an HSBC Home Loan?

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.


Who is eligible?

Customers earning a income of AED15,000 per month and above (or equivalent in other currencies), who wish to purchase a property from one of the selected developments for which HSBC is providing finance, subject to meeting HSBC's lending criteria.


What are the principal features of HSBC Home Loan?

– EIBOR home loans are based on the three-month EIBOR, subject to quarterly review, and a fixed margin that remains fixed for the life of the loan
– Maximum term of 25 years (subject to applicable regulations)
– Finance amount of up to 75% of the purchase price or the professional valuation, whichever is lower


What are the advantages of HSBC Home Loan?

We offer competitive home loan rates with no financial penalties if you repay the loan in full before the end of the Repayment Period after the first 3 years (administrative charges will apply for loan closure).You can also overpay throughout the term of the home loan (subject to minimum and maximum overpayment requirements) see our Schedule of Tariffs for further details. A dedicated team of experienced mortgage advisers will assist you to arrange your home loan. Following your purchase further assistance is available by calling at 800 HOUSE.


How is interest for HSBC Home Loan calculated?

Interest is calculated on the daily principal balance outstanding on your home loan account. Your monthly installment will be applied against your outstanding balance, plus the interest accrued.


How do I apply for HSBC Home Loan?

To apply for an HSBC Home Loan you can call toll–free 800 HOUSE, visit your nearest branch or the HSBC website.
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.


What happens if I sell the house before the home loan is paid off?

We will require you to repay the full outstanding balance of your home loan (principal plus interest) owing up to the time of sale, whereupon we will release our security over the property. Please call toll free 800 HOUSE or visit a branch for further details.


Can I arrange my own insurance?

Yes. Customers can take life and property insurance arranged by HSBC or provide their own cover through an accepted insurance provider and assign the benefit of the policy to HSBC. If a customer makes their own insurance arrangements there may be a cost involved in the assignment of the policies and the borrower must pay these costs. Life insurance and property insurance (for villas and townhouses) are both mandatory.


What is the mortgage closure procedure?

If you are planning to close your mortgage account with us and pay off the remaining outstanding balance of the home loan, we request you to let us know the appropriate scenario applicable. This information is required by us in order to issue the relevant liability letter(s).

Scenarios

1. Are you planning to sell the property to a cash buyer? If so, please provide the name and passport of the buyer and specify the source of the buyer's funds.
2. Are you planning to sell the property to a buyer who is availing a mortgage with HSBC Bank Middle East? If so, please provide the name of the buyer.
3. Are you planning to sell the property to a buyer who is availing his/her mortgage from another bank/finance company? If so, please provide the name of the bank/company.
4. Are you planning to transfer your mortgage from HSBC to another bank/finance company? If so, please provide the name of the bank/company.
5. Are you planning to pay off and close the mortgage with your own funds? If so, please specify the source of these funds.

Basic charges for per mortgage closure will be:

Home Loan Closure Fees
Early Settlement Charge for home loans 1% on the amount of loan outstanding or AED 10,000, whichever is less Your home loan is subject to an Early Settlement Charge, which is applied when you settle the loan in full. This Early Settlement Charge will only be applicable within the first 3 years of the Repayment Period.

Process and requirements

- Once you let us know your closure scenario, we shall arrange to prepare your liability letter, which will give you the pay off amounts including charges, within 10 working days
- Additionally, a copy of the liability letter will also be prepared (applicable to scenario number 3 and 4 only) in order for you to forward the same to the other bank/company
- The liability letter needs to be signed by yourself, and the original copy must be returned to the bank in order for us to proceed with your closure. (The Bank will be unable to settle the outstanding mortgage if the signed liability letter redemption statement is not returned to the HSBC Home Finance Department)

Mode of payment

You can make funds available in your HSBC bank account and provide us with an authority to debit the account. Alternatively you can send us a manager's cheque payable to: HSBC Bank Middle East Limited

Number of days to release your documents

– If you close your mortgage through cash (funds available in your HSBC account), the documents will be released after seven working days
– If you close your mortgage by giving us a cheque (manager's cheque), the documents will be released after ten working days


What is the mortgage part-payment procedure?

You can make an overpayment at any time. This should be a minimum of AED25,000 on top of your usual monthly installment. We will not charge a fee for overpayments. Such additional payments can only be made on your usual monthly installment date.
Overpayments must not total more than 25% of the total outstanding loan amount in any calendar year.

– If you wish to make an overpayment please notify us in writing
– Please note that you will not be able to redraw any overpayments made. We must not normally reverse or cancel any overpayment instructions.
– You can choose to make the part payment by using your online banking account or by signing a debit authority for us to facilitate the payment.
– Please note that following the overpayment your loan tenure will remain the same, however your monthly installment amount will reduce.
– Existing Amanah mortgage customers looking to make overpayments will need to sign a letter in addition to the above.
– For any further queries, you can contact one of our mortgage advisers or call 800 HOUSE.


Apply now

Our representative will call you back in 30 minutes


Have us call you
or
Call us at your convenience

800 HOUSE (800 46873) (within the UAE) or


+971 4 325 4792 (outside the UAE)

Lines open from Saturday to Thursday 8am – 4pm


Top Up

Now is as good a time as any for a home makeover.


Whether you're planning to give your living room a makeover or remodel your kitchen, go ahead and make it happen today.

If you're an existing HSBC Home Loan customer, you could qualify for a top up on your Home Loan. With interest rates starting at just 3.75% p.a. 1 You can apply today and do the home makeover you want

  • Approval In Principle (AIP) provided in 48 hours2
  • No salary transfer required
  • Free overpayments up to 25% of the outstanding loan amount per calendar year
  • No early settlement charges after the first three years3
  • A dedicated team of mortgage advisors who are available at 800 HOUSE (46873) to answer all your mortgage-related queries.

Below is an example that illustrates how much money you can top up on an existing HSBC Home Loan:

  Example
Time Lapsed on Current HSBC Home Loan Percentage of Top Up Eligibility Property Value Top Up Loan Eligibility
13 - 24 months 5% of property value AED 1,000,000 AED 50,000
25 - 36 months 15% of property value AED 1,000,000 AED 150,000
37 - 48 months 40% of property value AED 1,000,000 AED 400,000
49 months + Up to 75% of first property value AED 1,000,000 AED 750,000

Home Loan Terms and Conditions, Schedule of Services and tariffs apply.

1 Rate is based on reducing balance and applicable to UAE resident Premier Customers, borrowing a loan amount of AED 5 million or more.

2 Home Loan approval is in principle. It will be provided in 48 hours after submitting satisfactory documentation to an HSBC Mortgage Advisor during working hours between Sunday to Thursday, 8:00am to 4:00pm

3 A charge of 1% on the outstanding loan amount or AED 10,000, whichever is lower, will apply in the first three years.

Home Loan rates


Applicable for new home loan customers

UAE Resident HSBC Premier Customer Rate1
Home Loan Amount of AED 5 Million or more
New Home Purchase, Balance Transfer, Balance Transfer with Top Up 3.24% p.a.
Home Loan Top Up and Equity Release Loan 3.75% p.a.
Home Loan Amount less than AED 5 Million
New Home Purchase, Balance Transfer, Balance Transfer with Top Up 3.75% p.a.
Home Loan Top Up and Equity Release Loan 4.49% p.a.

UAE HSBC Advance, Personal Banking and Non Resident Customers Rate1
New Home Purchase, Balance Transfer, Balance Transfer with Top Up 4.49% p.a.
Home Loan Top Up and Equity Release Loan 4.99% p.a.


1 Rates are based on reducing balance and are comprised of 3 month variable EIBOR which is updated on a quarterly basis and a fixed margin that remains fixed for the life of the loan (Please refer to the Schedule of Services and Tariffs or your Home Loan Agreement for the margin).

3 Months EIBOR at 2nd July 2016 – 1.11557%

You can get an HSBC Home Loan if:


  • Aged 21 to 65 years
    • 65 for salaried and 70 for self–employed/UAE Nationals
  • Minimum income of AED15,000 per month
  • Salaried or Self Employed
  • Customers residing outside the UAE applying for a mortgage will only be considered if they are Premier customers and meet the HSBC lending criteria

What does the HSBC Home Loan provide?

It provides the opportunity for customers, both national and expatriate, to borrow money for the purchase of selected residential properties in developments in the Emirates of Abu Dhabi and Dubai. The home loan will be secured against the property.


Do I have to have an HSBC bank account to apply for an HSBC Home Loan?

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.


Who is eligible?

Customers earning a income of AED15,000 per month and above (or equivalent in other currencies), who wish to purchase a property from one of the selected developments for which HSBC is providing finance, subject to meeting HSBC's lending criteria.


What are the principal features of HSBC Home Loan?

– EIBOR home loans are based on the three-month EIBOR, subject to quarterly review, and a fixed margin that remains fixed for the life of the loan
– Maximum term of 25 years (subject to applicable regulations)
– Finance amount of up to 75% of the purchase price or the professional valuation, whichever is lower


What are the advantages of HSBC Home Loan?

We offer competitive home loan rates with no financial penalties if you repay the loan in full before the end of the Repayment Period after the first 3 years (administrative charges will apply for loan closure).You can also overpay throughout the term of the home loan (subject to minimum and maximum overpayment requirements) see our Schedule of Tariffs for further details. A dedicated team of experienced mortgage advisers will assist you to arrange your home loan. Following your purchase further assistance is available by calling at 800 HOUSE.


How is interest for HSBC Home Loan calculated?

Interest is calculated on the daily principal balance outstanding on your home loan account. Your monthly installment will be applied against your outstanding balance, plus the interest accrued.


How do I apply for HSBC Home Loan?

To apply for an HSBC Home Loan you can call toll–free 800 HOUSE, visit your nearest branch or the HSBC website.
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.


What happens if I sell the house before the home loan is paid off?

We will require you to repay the full outstanding balance of your home loan (principal plus interest) owing up to the time of sale, whereupon we will release our security over the property. Please call toll free 800 HOUSE or visit a branch for further details.


Can I arrange my own insurance?

Yes. Customers can take life and property insurance arranged by HSBC or provide their own cover through an accepted insurance provider and assign the benefit of the policy to HSBC. If a customer makes their own insurance arrangements there may be a cost involved in the assignment of the policies and the borrower must pay these costs. Life insurance and property insurance (for villas and townhouses) are both mandatory.


What is the mortgage closure procedure?

If you are planning to close your mortgage account with us and pay off the remaining outstanding balance of the home loan, we request you to let us know the appropriate scenario applicable. This information is required by us in order to issue the relevant liability letter(s).

Scenarios

1. Are you planning to sell the property to a cash buyer? If so, please provide the name and passport of the buyer and specify the source of the buyer's funds.
2. Are you planning to sell the property to a buyer who is availing a mortgage with HSBC Bank Middle East? If so, please provide the name of the buyer.
3. Are you planning to sell the property to a buyer who is availing his/her mortgage from another bank/finance company? If so, please provide the name of the bank/company.
4. Are you planning to transfer your mortgage from HSBC to another bank/finance company? If so, please provide the name of the bank/company.
5. Are you planning to pay off and close the mortgage with your own funds? If so, please specify the source of these funds.

Basic charges for per mortgage closure will be:

Home Loan Closure Fees
Early Settlement Charge for home loans 1% on the amount of loan outstanding or AED 10,000, whichever is less Your home loan is subject to an Early Settlement Charge, which is applied when you settle the loan in full. This Early Settlement Charge will only be applicable within the first 3 years of the Repayment Period.

Process and requirements

- Once you let us know your closure scenario, we shall arrange to prepare your liability letter, which will give you the pay off amounts including charges, within 10 working days
- Additionally, a copy of the liability letter will also be prepared (applicable to scenario number 3 and 4 only) in order for you to forward the same to the other bank/company
- The liability letter needs to be signed by yourself, and the original copy must be returned to the bank in order for us to proceed with your closure. (The Bank will be unable to settle the outstanding mortgage if the signed liability letter redemption statement is not returned to the HSBC Home Finance Department)

Mode of payment

You can make funds available in your HSBC bank account and provide us with an authority to debit the account. Alternatively you can send us a manager's cheque payable to: HSBC Bank Middle East Limited

Number of days to release your documents

– If you close your mortgage through cash (funds available in your HSBC account), the documents will be released after seven working days
– If you close your mortgage by giving us a cheque (manager's cheque), the documents will be released after ten working days


What is the mortgage part-payment procedure?

You can make an overpayment at any time. This should be a minimum of AED25,000 on top of your usual monthly installment. We will not charge a fee for overpayments. Such additional payments can only be made on your usual monthly installment date.
Overpayments must not total more than 25% of the total outstanding loan amount in any calendar year.

– If you wish to make an overpayment please notify us in writing
– Please note that you will not be able to redraw any overpayments made. We must not normally reverse or cancel any overpayment instructions.
– You can choose to make the part payment by using your online banking account or by signing a debit authority for us to facilitate the payment.
– Please note that following the overpayment your loan tenure will remain the same, however your monthly installment amount will reduce.
– Existing Amanah mortgage customers looking to make overpayments will need to sign a letter in addition to the above.
– For any further queries, you can contact one of our mortgage advisers or call 800 HOUSE.

Apply now

Our representative will call you back in 30 minutes


Have us call you
or
Call us at your convenience

800 HOUSE (800 46873) (within the UAE) or


+971 4 325 4792 (outside the UAE)

Lines open from Saturday to Thursday 8am – 4pm


Last Stage Payment

Complete the home you’ve set your sights on


Owning a home is truly a special feeling. After all your home isn’t just four walls and a roof, it’s a dream come true.

If your last stage payment on an under construction property from select developers* is due, look no further than an HSBC Home Loan, starting from 3.24% p.a.1. Go ahead and make your home your own.

  • Approval in Principle (AIP) provided in 48 hours2
  • Rates starting from 3.24% p.a.1
  • Free overpayments up to 25% of the outstanding amount per calendar year
  • No salary transfer required
  • Interest is calculated on the daily outstanding balance of your Home Loan based on the AED EIBOR rate3

Home Loan Terms and Conditions, Schedule of Services and Tariffs apply.

1Rate is based on reducing balance and applicable to UAE resident Premier Customers, borrowing a loan amount of AED 5 Million or more.

2Home Loan approval is in principle. It will be provided in 48 hours after submitting satisfactory documentation to an HSBC Home Loan Advisor during working hours between Sunday to Thursday, 8:00am to 4:00pm.

3The EIBOR based rate is comprised of 3 month variable AED EIBOR which is updated on a quarterly basis and a fixed margin that remains fixed for the life of the loan.

*Approved list of developers

Home Loan rates


Applicable for new home loan customers

UAE Resident HSBC Premier Customer Rate1
Home Loan Amount of AED 5 Million or more
New Home Purchase, Balance Transfer, Balance Transfer with Top Up 3.24% p.a.
Home Loan Top Up and Equity Release Loan 3.75% p.a.
Home Loan Amount less than AED 5 Million
New Home Purchase, Balance Transfer, Balance Transfer with Top Up 3.75% p.a.
Home Loan Top Up and Equity Release Loan 4.49% p.a.

UAE HSBC Advance, Personal Banking and Non Resident Customers Rate1
New Home Purchase, Balance Transfer, Balance Transfer with Top Up 4.49% p.a.
Home Loan Top Up and Equity Release Loan 4.99% p.a.


1 Rates are based on reducing balance and are comprised of 3 month variable EIBOR which is updated on a quarterly basis and a fixed margin that remains fixed for the life of the loan (Please refer to the Schedule of Services and Tariffs or your Home Loan Agreement for the margin).

3 Months EIBOR at 2nd July 2016 - 1.11557%

You can get an HSBC Home Loan if:


  • Aged 21 to 65 years
    • 65 for salaried and 70 for self–employed/UAE Nationals
  • Minimum income of AED15,000 per month
  • Salaried or Self Employed
  • Customers residing outside the UAE applying for a mortgage will only be considered if they are Premier customers and meet the HSBC lending criteria

What does the HSBC Home Loan provide?

It provides the opportunity for customers, both national and expatriate, to borrow money for the purchase of selected residential properties in developments in the Emirates of Abu Dhabi and Dubai. The home loan will be secured against the property.


Do I have to have an HSBC bank account to apply for an HSBC Home Loan?

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.


Who is eligible?

Customers earning a income of AED15,000 per month and above (or equivalent in other currencies), who wish to purchase a property from one of the selected developments for which HSBC is providing finance, subject to meeting HSBC's lending criteria.


What are the principal features of HSBC Home Loan?

– EIBOR home loans are based on the three-month EIBOR, subject to quarterly review, and a fixed margin that remains fixed for the life of the loan
– Maximum term of 25 years (subject to applicable regulations)
– Finance amount of up to 75% of the purchase price or the professional valuation, whichever is lower


What are the advantages of HSBC Home Loan?

We offer competitive home loan rates with no financial penalties if you repay the loan in full before the end of the Repayment Period after the first 3 years (administrative charges will apply for loan closure).You can also overpay throughout the term of the home loan (subject to minimum and maximum overpayment requirements) see our Schedule of Tariffs for further details. A dedicated team of experienced mortgage advisers will assist you to arrange your home loan. Following your purchase further assistance is available by calling at 800 HOUSE.


How is interest for HSBC Home Loan calculated?

Interest is calculated on the daily principal balance outstanding on your home loan account. Your monthly installment will be applied against your outstanding balance, plus the interest accrued.


How do I apply for HSBC Home Loan?

To apply for an HSBC Home Loan you can call toll–free 800 HOUSE, visit your nearest branch or the HSBC website.
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.


What happens if I sell the house before the home loan is paid off?

We will require you to repay the full outstanding balance of your home loan (principal plus interest) owing up to the time of sale, whereupon we will release our security over the property. Please call toll free 800 HOUSE or visit a branch for further details.


Can I arrange my own insurance?

Yes. Customers can take life and property insurance arranged by HSBC or provide their own cover through an accepted insurance provider and assign the benefit of the policy to HSBC. If a customer makes their own insurance arrangements there may be a cost involved in the assignment of the policies and the borrower must pay these costs. Life insurance and property insurance (for villas and townhouses) are both mandatory.


What is the mortgage closure procedure?

If you are planning to close your mortgage account with us and pay off the remaining outstanding balance of the home loan, we request you to let us know the appropriate scenario applicable. This information is required by us in order to issue the relevant liability letter(s).

Scenarios

1. Are you planning to sell the property to a cash buyer? If so, please provide the name and passport of the buyer and specify the source of the buyer's funds.
2. Are you planning to sell the property to a buyer who is availing a mortgage with HSBC Bank Middle East? If so, please provide the name of the buyer.
3. Are you planning to sell the property to a buyer who is availing his/her mortgage from another bank/finance company? If so, please provide the name of the bank/company.
4. Are you planning to transfer your mortgage from HSBC to another bank/finance company? If so, please provide the name of the bank/company.
5. Are you planning to pay off and close the mortgage with your own funds? If so, please specify the source of these funds.

Basic charges for per mortgage closure will be:

Home Loan Closure Fees
Early Settlement Charge for home loans 1% on the amount of loan outstanding or AED 10,000, whichever is less Your home loan is subject to an Early Settlement Charge, which is applied when you settle the loan in full. This Early Settlement Charge will only be applicable within the first 3 years of the Repayment Period.

Process and requirements

- Once you let us know your closure scenario, we shall arrange to prepare your liability letter, which will give you the pay off amounts including charges, within 10 working days
- Additionally, a copy of the liability letter will also be prepared (applicable to scenario number 3 and 4 only) in order for you to forward the same to the other bank/company
- The liability letter needs to be signed by yourself, and the original copy must be returned to the bank in order for us to proceed with your closure. (The Bank will be unable to settle the outstanding mortgage if the signed liability letter redemption statement is not returned to the HSBC Home Finance Department)

Mode of payment

You can make funds available in your HSBC bank account and provide us with an authority to debit the account. Alternatively you can send us a manager's cheque payable to: HSBC Bank Middle East Limited

Number of days to release your documents

– If you close your mortgage through cash (funds available in your HSBC account), the documents will be released after seven working days
– If you close your mortgage by giving us a cheque (manager's cheque), the documents will be released after ten working days


What is the mortgage part-payment procedure?

You can make an overpayment at any time. This should be a minimum of AED25,000 on top of your usual monthly installment. We will not charge a fee for overpayments. Such additional payments can only be made on your usual monthly installment date.
Overpayments must not total more than 25% of the total outstanding loan amount in any calendar year.

– If you wish to make an overpayment please notify us in writing
– Please note that you will not be able to redraw any overpayments made. We must not normally reverse or cancel any overpayment instructions.
– You can choose to make the part payment by using your online banking account or by signing a debit authority for us to facilitate the payment.
– Please note that following the overpayment your loan tenure will remain the same, however your monthly installment amount will reduce.
– Existing Amanah mortgage customers looking to make overpayments will need to sign a letter in addition to the above.
– For any further queries, you can contact one of our mortgage advisers or call 800 HOUSE.

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Home Loans

New Home Loan

New Home Loan

  Overview

  Home Loan rates

  Eligibility

  FAQs

Balance Transfer

Balance Transfer

  Overview

  Home Loan rates

  Eligibility

  FAQs

Top up Loan

Top Up

  Overview

  Home Loan rates

  Eligibility

  FAQs

Last Stage Payment

Last Stage Payment

  Overview

  Home Loan rates

  Eligibility

  FAQs

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How to apply

Are you already an HSBC UAE customer?

Or call: 800 46873

What if I'm not eligible

HSBC works to develop products and services to meet your requirements. To simplify the criteria for each product we provide a minimum salary or deposit criteria.

Find out more about HSBC Home Loans

Thank you for wishing to bank with HSBC. To apply for this product simply click Apply Now to fill out your details and let one of our experienced HSBC representatives call you back. Alternatively you can call us on the number below, whatever is more convenient for you.

Or call: 800 46873