ADIB Smart Account

Check Eligibility for HSBC
Home Loan

You are eligible to apply for a HSBC
Home Loan .

You may not be eligible * to apply.

* Minimum salary AED 15000 required to apply for a HSBC Home Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

HSBC Home Loan Calculator

Home Loan Provided By HSBC

Check Eligibility for HSBC Home Loan

You are eligible to apply for a HSBC
Home Loan .

You may not be eligible * to apply.

* Minimum salary AED 15000 required to apply for a HSBC Home Loan .

Click here to check loans from other banks.

HSBC Home Loan Calculator

ADIB Smart Account

Features of HSBC Home Loan

  • Rates starting from 3.24% p.a.
  • Approval in Principle (AIP) provided in 48 hours
  • Free overpayments of up to 25% allowed per year
  • No salary transfer required

Eligibility Criteria of HSBC Home Loan

  • Aged 21 to 65 years
  • 65 for salaried and 70 for self–employed/UAE Nationals
  • Minimum income of AED15,000 per month
  • Salaried or Self Employed
  • Premier Account Holding (Non-Residents)

Calculate your HSBC home loan EMI using HSBC Mortgage Calculator

Documents Required of HSBC Home Loan

  • Trade license (For Self-Employed)
  • Past 2 years audit financials

Identification:

  • Expatriates :Valid passport, UAE Residence Visa page and valid Emirates ID
  • UAE Nationals : Valid passport copy and valid Emirates ID

Proof of Income:

  • Pvt. Companies - income Transfer Letter (STL)
  • Govt. Companies - income Certificate (SC) or STL

HSBC Home Loan Interest rates

HSBC Bank

2 HSBC Bank Home Loans

New Home Loan

minimum salary

Minimum Salary

AED 15K

flat rate

Flat Rate

1.8%

reducing rate

Reducing Rate

3.24%

loan amount

Loan Amount

AED 20000K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

1%

down payment

Down Payment

25%

repayment

Repayments Up To

25 Years

minimum salary

AED 15K

Minimum Salary

flat rate

1.8%

Flat Rate

reducing rate

3.24%

Reducing Rate

loan amount

AED 20000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

25%

Down Payment

repayment

25 Years

Repayments Up To

Advantages
  • Salary transfer is not required
  • Free partial payments
  • Can get pre-approval
Advantages
  • Salary transfer is not required
  • Free partial payments
  • Can get pre-approval

Features

  • Both salaried and self-employed with regular income may apply for this scheme
  • Customers living outside the UAE will only be considered for this scheme if they are Premier customers and they are meeting the HSBC lending criteria
  • Aged 21 to 65 years can apply for HSBC New Home loan

Features

  • Both salaried and self-employed with regular income may apply for this scheme
  • Customers living outside the UAE will only be considered for this scheme if they are Premier customers and they are meeting the HSBC lending criteria
  • Aged 21 to 65 years can apply for HSBC New Home loan
  • Approval in principle provided in 60 minutes
  • Minimum salary of AED 15,000 is required
  • Provides financing at an interest rate of 3.24%
  • The reduction rate and the flat rate is 3.24% and 1.8%. This denotes that the computation done was a division of the reduction rate by 1.8.
  • Finance up to AED 20,000,000
  • Required to put 25% down payment for this finance
  • The early settlement fee is 1% of the outstanding loan amount

Benefits

  • Finance will be provided for ready properties with deeds
  • Transfer of money is not mandatory
  • You can receive extra funds for renovations by applying for an equity release
  • Finance repayment period of up to 25 years
  • Approval of loans are quick
  • A dedicated team of experienced mortgage advisers will assist you to arrange your home loan.
  • Finance amount of up to 75% of the purchase price or the professional valuation, whichever is lower
  • Overpayments are free up to 25% of the outstanding amount
  • Fixed rate for 2 years. Thereafter it is variable.
  • You can continue holding your account with another bank and still be eligible for an HSBC Home Loan

View details on bank page

Home Loan Balance Transfer

minimum salary

Minimum Salary

AED 15K

flat rate

Flat Rate

1.8%

reducing rate

Reducing Rate

3.24%

loan amount

Loan Amount

AED 20000K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

0%

down payment

Down Payment

25%

repayment

Repayments Up To

25 Years

minimum salary

AED 15K

Minimum Salary

flat rate

1.8%

Flat Rate

reducing rate

3.24%

Reducing Rate

loan amount

AED 20000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

0%

Arrangement Fee

down payment

25%

Down Payment

repayment

25 Years

Repayments Up To

Features

  • Approval in principle provided in 60 minutes
  • Both salaried and self-employed with regular income may apply for this scheme
  • Outside UAE customers applying for this scheme will only be considered if they are Premium customers and they are also meeting HSBC lending requirements

Features

  • Approval in principle provided in 60 minutes
  • Both salaried and self-employed with regular income may apply for this scheme
  • Outside UAE customers applying for this scheme will only be considered if they are Premium customers and they are also meeting HSBC lending requirements
  • Aged 21 to 65 years can apply for HSBC New Home loan
  • Minimum salary of AED 15,000 is required
  • Provides financing at an interest rate of 3.24%
  • The reduction rate and the flat rate is 3.24% and 1.8%. This denotes that the computation done was a division of the reduction rate by 1.8.
  • Finance up to AED 20,000,000
  • It has 0% arrangement fee
  • The early settlement fee is 1% of the outstanding loan amount.

Benefits

  • Finance available for ready properties with deeds
  • It is not a requirement to transfer your money to apply
  • You can apply for an equity release or a top up on your home loan with HSBC and get extra funds for renovations
  • Finance repayment period of up to 25 years
  • Approval of loans are quick
  • A dedicated team of mortgage advisors will answer all your queries
  • Finance amount of up to 75% of the purchase price or the professional valuation, whichever is lower
  • Fixed rate for 2 years. Thereafter it is variable.

View details on bank page

Frequently Asked Questions

Q. What is the minimum salary required for HSBC home loan?

A. The minimum salary required for an HSBC home loan is AED 15000.

Q. What are the interest rates charged at HSBC on home loan?

A. The interest rate on HSBC home loan in UAE starts from 3.99%.

Q. Can I get a pre-approval?

A. Yes. HSBC provides a pre-approval on the home loan.

Q. Do I need to transfer my salary?

A. No. On an HSBC home loan, it is not mandatory to transfer the salary.

Q. Can I make additional home loan EMIs?

A. Yes. HSBC home loan provides free 3 partial settlement facility per annum.

Q. How much EMI should I pay every month?

A. EMI payments on a home loan differ for each individual. You can use the Home loan calculator and calculate your EMI for free.

About HSBC

In 1946, the British Bank of Iran and the Middle East commenced banking activities for Middle East citizens. Post withdrawing from Iran, the bank was renamed as the British Bank of the Middle East (BBME). Hong Kong and Shanghai Banking Corporation (HSBC) acquired BBME in 1959 and played a pivotal role in the establishment of the banking sector in the region. HSBC has a sustainability strategy of doing business. The main areas of focus are:

  • Sustainable Finance
  • Sustainable Operations
  • Sustainable Communities

This is in sync with their global sustainability model.

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