HSBC Mortgage Loans |1M Compounded SORA pegged packages

HSBC mortgage loan
loans
Mortgage Loans

Features

  • Jade

  • Premier

  • Personal Banking

With our Mortgage Loans program, you may increase your financial flexibility by taking advantage of low-interest rates, no minimum monthly repayments, and flexible payback terms. Enjoy peace of mind and fulfill your financial ambitions with 1M Compounded SORA pegged packages. 

 

Segment

Jade

Premier

Personal Banking

Green Mortgage

Lock in Period

2 years/ BUC (no lock in)

SmartMortgage Feature

Option of SmartMortgage for Housing Loan

Min loan size S$

1.5mil

800k

200k

200k

Y1

1M Comp SORA + 0.65%

1M Comp SORA + 0.70%

1M Comp SORA + 0.75%

1M Comp SORA + 0.65%

Y2

1M Comp SORA + 0.65%

1M Comp SORA + 0.70%

1M Comp SORA + 0.75%

1M Comp SORA + 0.65%

Y3

1M Comp SORA + 1.25%

1M Comp SORA + 1.25%

1M Comp SORA + 1.25%

1M Comp SORA + 1.20%

T/A

1M Comp SORA + 1.25%

1M Comp SORA + 1.25%

1M Comp SORA + 1.25%

1M Comp SORA + 1.20%

Cancellation Fees

1.50% (Completed Property) / 0.75% (BUC)

Early Repayment Fees within Lock-in Period

• Full Redemption - 50% waiver of early repayment fee subject to evidence that it is due to sale of property
• Partial redemption – 1.5% is applicable if the loan outstanding after partial repayment is less than 70% of the original loan amount (stated in LO, round up to the nearest S$10k)

One-time Free Conversion Benefit

< Evergreen Free Conversion Benefit for Green Mortgage only>

• Exercisable any time for completed properties not under DPS and New Acquisition
• For completed properties under DPS and repricing cases, conversion benefit is exercisable after lock-in period
• Exercisable within 6 months from TOP for BUC

< Evergreen Free Conversion Benefit for Green Mortgage only>
• For subsequent repricing, conversion benefit will be evergreen and exercisable any time after the applicable lock-in period of the prevailing home loan package that customer convert/ re-price to