HSBC Bank Ideal Home Plan

HSBC Bank Ideal Home Plan is ideal when you have basic needs and do not require many features in a home loan. The Ideal Home Plan is especially suited to first time home buyers of a property worth up to RM100,000 in Peninsular Malaysia or RM120,000 in East Malaysia.


Features

• Margin of financing up to 90%*

• No monthly fee and set-up cost

• Interest is calculated monthly

• Regular, systematic repayments throughout loan tenure

*Terms and conditions apply.


Requirements

• Be 18 to 60 years of age

• Your home is your only residential property (not applicable for refinancing or investment purpose)

• Property value up to RM250,000 for Peninsular Malaysia or RM300,000 for East Malaysia


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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