HSBC Bank HomeSmart

HomeSmart is a flexible home loan that lets you rearrange your priorities anytime. When buying your first home, perhaps you would want to pay it off as soon as you can by depositing excess payments.

A few years down the road, you may have a child on the way. HomeSmart then lets you withdraw the excess payments to help you create a cozy home for your baby.


Features

• Transactional flexibility of a Current Account.

• Withdraw excess funds anytime without charges.

• Daily interest calculation.

• Deposit excess funds to save interest and shorten your loan tenure.

• Protection for you & your loved ones.


HomeSmart Reserve

With HomeSmart Reserve, you are able to get additional loan secured against your existing property. You can use this additional loan for anything you need, be it your child's education, home renovations, a relaxing family vacation or even venture into a long awaited business or investment opportunity.


HomeSmart Advantage

If you have already finished servicing the home loan / home financing of a property and the property is now unencumbered, you are able to secure a loan against the unencumbered property with HomeSmart Advantage. You can use this home loan to turn the unencumbered worth of your home into cash and in turn, it can be used for making home improvements or any other expenses.


Documents Required

• A photocopy of identity card or passport

• Your latest 3 months' salary slip

• Your latest income tax return form (Form B/BE) or EA form or latest EPF statement not exceeding 12 months old

• If new salaried employees (at least 3 months in service), Letter of Appointment or Confirmation letter from employer stating salary/allowances

• Sale and Purchase Agreement / deposit or booking receipt/letter of offer from the housing developer

• A photocopy of the land title (if any)

• The latest bank statements dating back six months (compulsory in the absence of salary slips and/or EA Form) showing salary / payment credited to the account

• If you are self-employed, you need to provide your business registration documents, latest 6 months bank statements, latest financial statements and other supporting documents to support your income


NOTE: Please be advised that the product mentioned above may change from time to time, as the market and industry evolve.

For further information, please call HSBC Bank Customer Service Center Tel: 1300 88 1388 (+603 8321 5400 call from overseas), or visit the nearest HSBC Bank branch today.

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