Home Loan FAQ | HSBC Singapore

The minimum income criteria is $30,000 p.a. and $24,000 p.a. for private property and HDB respectively. The eligible age criteria is between 21 to 65 years of age.


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Q2:

How do I apply for HSBC Home Loan?

You can apply at any HSBC branch located island wide or call our 24-hour HSBC Hotline on
1800 – HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas.


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Q3:

What are the documents required?

	Latest copy of your computerised payslip
	Latest income tax assessment
	CPF Statement of Account
	Latest Approved Residential Properties Scheme (RPS) or Approved Housing Scheme Statement (if refinancing or selling existing property)
	Option to Purchase
	Sale & Purchase of existing property (if you are selling existing property)
	Last six months’ home loan statement (if refinancing)


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Q4:

How much can I borrow from the bank?

Generally, the bank can grant up to 80% or 90% of purchase price or valuation of the property, whichever is lower.


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Q5:

What is the maximum loan tenor?

The maximum loan tenor is up to 35 years for private properties and 30 years for HDB or 65 years of age, whichever is earlier.


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Q6:

How is the interest rate for HSBC Home Loan calculated?

The interest rate for HSBC home loan is calculated based on daily rest.


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Q7:

How do I do prepayment or partial repayment for existing loan?

You need to give at least 1 month or 3 months notice for partial repayment depending on the terms stated in your Letter of Offer. Otherwise, you will have to pay interest in lieu of notice. Please send your written instructions to:

HSBC Limited
Singapore Operations Centre - Credit Operations
60 Alexandra Terrace
The Comtech, #04-02, Lobby A
Singapore 118502

For prepayment using cash
f you are paying by cash, please maintain sufficient funds in the loan servicing account by the partial repayment date.

For prepayment using CPF
If you are paying by CPF, please fill up CPF Form 4B (for private properties) or HBL3 (for HDB) and submit to HSBC for endorsement. You can download the forms from www.cpf.gov.sg.


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Q8:

How do I make changes to my monthly instalment?

You will need to seek approval from the bank to make changes to your monthly instalment. Please include details of your account number and changes to be made to the monthly instalment amount and send the request to:

HSBC Limited
Singapore Operations Centre - Credit Operations
60 Alexandra Terrace
The Comtech, #04-02, Lobby A
Singapore 118502


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