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Transfer your home loan balance to HSBC

Easily move your home loan to one of our latest rates

Move your mortgage with confidence

Whether the fixed rate of your mortgage is coming to an end, or you're just looking for a better deal, we've got options for fixed and variable mortgages to choose from. Plus, we offer a discount rate for both options with a Green Home Loan.

  • Extend your home loan term

    Transfer your home loan balance to HSBC and extend your term, so your monthly repayments could be less.

  • Competitive rates

    We offer low interest rates that could let you save more each month, if you move your balance to us.

  • 25% overpayment allowance each year

    You'll have the freedom to overpay up to 25% of your outstanding balance per calendar year without a fee. Anything over 25% may incur an early settlement charge.

  • Premier Account with your home loan

    If you take out a home loan of AED 3 million or more, you may be eligible for an HSBC Premier Account.

Not looking for a balance transfer? View our home loans.

Tools to help you choose

 

Compare our latest home loan rates and understand our fees.

 

Take a look at our guide to help you decide if buying or renting is for you.

Before you apply for a balance transfer

There's a few things you'll need to consider. Take a look at the information below.

What happens after you've applied?

Here's what we'll do:

Value your property


We'll value your property for a standard fee AED 2625 (inc VAT). Read our Schedule of Services and Tariffs to find out more.

 

Request your outstanding balance statement

We'll ask your former lender how much you owe on your mortgage. Then, we'll send you the loan document to read carefully and sign.

 

Open an account for your repayments

If you're a UAE resident, we'll open an appropriate HSBC current account for your repayments, if you don't have one already.

If you live outside of the UAE, we'll open an HSBC Jade or Premier account for your repayments, if you don't have one already and you're eligible.

Then you'll need to:

Review your mortgage offer

If we've approved your mortgage application, we'll send you the offer to review and accept.

Set an appointment date for the transfer

Agree a date when we'll transfer the balance from your mortgage and pay off your mortgage with your previous lender.

 

Complete the mortgage registration process

You'll then need to complete the mortgage registration with the appropriate Land Department, and provide a signature in person on the loan document.

And that's it, you'll have transferred your home loan to HSBC.

Featured mortgages

 

Our Fixed-rate Home Loan keeps your monthly repayments the same for up to 5 years.

The fixed interest rate is available for 1, 2, 3 and 5 years.

 

The EIBOR-mortgage interest rate is the 3-month EIBOR plus a fixed margin. The 3-month EIBOR rate is reviewed on a quarterly basis.

Competitive interest rate and free overpayments of up to 25% on the outstanding amount per calendar year.

Find out how to apply

Arranging a home loan balance transfer with us is straightforward. First, we recommend getting an Approval in Principle – 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 mortgage application.

You might also be interested in

 

Learn more about the Green Home Loan discount you could get on your interest rate.

 

Find out if you're eligible for our Premier Account, if your home loan is AED 3 million or more.

 

Protect the home you love and your personal belongings with AXA Home insurance.

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