16/10/2024
10h55
HSBC New Property Loan

✅Choice between fixed-rate or SORA-pegged rates for flexibility.
✅Expert guidance from dedicated Mortgage Specialists.
✅SmartMortgage feature to reduce interest on your loan.
✅Options for combined fixed and SORA-pegged rates.

Why does the Utua Team recommend the HSBC New Property Loan?

The Utua Team recommends the HSBC New Property Loan for its tailored approach to home financing. Its flexibility allows you to choose between fixed-rate and SORA-pegged rates, catering to both those who prefer stability and those seeking market-aligned interest rates.

The SmartMortgage feature is particularly appealing, as it allows you to offset interest using your current account balance, potentially reducing the overall loan cost. Additionally, HSBC’s dedicated Mortgage Specialists ensure that each customer receives personalized advice, making the loan process smoother and more transparent. It’s a great option for anyone looking to finance their new home.

Writer’s Opinion

Let’s consider a loan of SGD 500,000 over a 25-year period with a fixed interest rate for the first 3 years at 3.0% p.a. With monthly repayments around SGD 2,370, this option offers stability in the early years of your loan.

Alternatively, the SORA-pegged rate could provide flexibility with fluctuating interest based on market conditions. The SmartMortgage feature allows you to use your current account to offset some of the interest, potentially reducing the time it takes to pay off the loan. This makes HSBC’s New Property Loan a versatile choice for different financial needs.

I want to learn more about the HSBC New Property Loan

Are you ready to discover all the details that can make the HSBC New Property Loan the right fit for your new home? Dive into the benefits, explore the options, and find out how to tailor the loan to suit your lifestyle. Click below to access more information and see how HSBC can help you finance your dream home with ease and flexibility.