Enjoy predictable monthly repayments
A new home can come with a long to-do list, but with a fixed-interest home loan you'll have one less thing to worry about for up to 5 years.
Your repayments will stay the same until the end date of the the fixed-rate period, even if interest rates change. Once the fixed-rate period is over, you'll automatically move to a 3-month EIBOR based variable rate for the rest of your mortgage term.
- Fix your interest rate and your monthly repayments for 1, 2, 3 or 5 years.
- You'll have an overpayment allowance equivalent to 25% of the outstanding balance of your home loan.
- Buy a sustainable LEED-certified property and get a discount on your home loan.
- You don't have to be an HSBC customer. We'll make all the arrangements in setting up an account for you.
What you get with your Fixed-rate Home Loan
Quick and easy application
Applying for an Approval in Principle takes on average just 60 minutes.
Mortgage advisor support
Receive advice over the phone from a mortgage advisor who can give you the support you need.
Life and property insurance
We can arrange life and property insurance for you. It is mandatory to have both types of cover for properties in the UAE.
Last payment finance
For new build properties bought directly from the developer, we can finance the last payment due to the developer upon completion.
How it works
You can choose to fix your interest rate, and your mortgage repayments for 1, 2, 3 or 5 years. After the fixed period is over, the interest rate will vary. We calculate your interest rate by adding together the 3-month EIBOR rate and the HSBC margin.
In most cases it should take up to 14 working days to arrange your home loan, depending on your circumstances.
Things to know
Who can apply?
You can apply for a Fixed-rate Home Loan if you:
- live in the UAE
- are aged between 21 and 65
- have a minimum monthly income of AED 15,000
If you live outside of the UAE and you're an HSBC Global Private Banking or Premier customer, you may still be able to apply for a home loan to buy a property.
HSBC Premier with your home loan
You may be able to apply for an HSBC Premier account with us when you take out your home loan. As a Premier customer, you'll get a better interest rate on your home loan, plus lots of other exclusive benefits. To be eligible for an HSBC Premier account you'll need either to:
- hold a mortgage with us with a drawdown of AED 3,000,000 or above for the first 24 months, after which one of our other eligibility criteria will have to be met
- maintain a Total Relationship Balance (TRB) with us of AED 350,000 in deposits and/or investments [@premieraccount]
- deposit an on-going individual monthly net income of at least AED 50,000 into your account
- already hold, and qualify for, an HSBC Premier account in any other country or region
If you do not keep up your repayments/payments, you may lose your property.
You may have to pay penalties if you pay off a loan/financing early.
If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future.
Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit.
Our latest home loan offers
Save on arrangement fees
Pay zero arrangement fees on home loan balance transfers or half-price on standard home loans until 31 March 2024. Home loan terms and offer terms and conditions apply.
Valuation fee refunds
Get a refund on valuation fees worth AED 2,625 when you transfer your balance to an HSBC home loan. We'll reimburse you once you get your loan funds. Offer ends 31 March 2024. Home loan terms and offer terms and conditions apply.
Get started
Investing in the UAE with us is straightforward, even if you're not a resident yet.
We recommend that you get an Approval in Principle first – we’ll explain how to do this over the phone when you request a call back. Then, we'll let you know what you’ll need to do for your home loan application.
If you're an HSBC Global Private Banking or Premier customer already, simply call your Relationship Manager to get started.
You might also be interested in
Green Home Loan
Buy a sustainable LEED-certified property and get a discount on your home loan.
Variable 3-month EIBOR Home Loan
Benefit from a variable interest rate that's reviewed every 3 months.
Home loan repayment calculator
Understand what your repayments could be, based on the interest rate, term and repayment type.
Compare rates and fees
Here are some more details about our rates and fees for home loans.