| Payment holiday* |
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Enjoy greater flexibility on repayments should the need arise by putting your monthly instalment on hold once a year, every year throughout your loan tenor. |
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| Variety of repayment schemes |
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Step-up*: Choose to pay up to 30% less on your monthly loan instalment for the first few years. This allows you to minimise your cash commitments in the initial years. |
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Step-down*: Alternatively, you can choose to pay up to 30% more on your monthly loan instalment for the first few years. This allows you to manage your payments in later years as you plan for your retirement. |
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Normal repayment: The monthly instalment is calculated based on loan amount, loan tenor and interest rate charged. This is ideal if you can meet the monthly repayment comfortably. |
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| Option of repayment due date* |
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If you are not servicing your loan through CPF, you can choose your preferred repayment due date, either on the 1st, 10th, 15th, 20th or 25th of the month. This flexibility allows you to time your repayment due date to the dates you receive your salary or rental income.
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| Affordable protection plans |
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HouseSurance [Fire Insurance]: Under the terms of your loan agreement, you are required to apply for a Mortgagee's interest insurance. As such, we offer you free first-year cover for HouseSurance, which protects the Bank's financial interest if the mortgaged property is damaged by fire, lightning, explosion and more. |
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HomeSurance Classic: Enjoy free coverage for the first-month on HomeSurance Classic Plan to cover your family and home contents against accidental loss and/or damage up to S$1,000,000. |
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MortgageProtector: Enjoy first-month premium waiver on MortgageProtector to take care of unpaid mortgage in the event of total and permanent disability or death. Click here to find out more. |
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| Complimentary services with your home loan |
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HSBC's Home Assist: This service gives you complimentary access to 24-hour emergency home assistance for property emergencies related to your electrical, air-conditioning, plumbing, locksmith and pest control needs. We will take care of your repair bills, reimbursing you up to S$150 per visit for a maximum of five times a year. Click here to find out more.
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| More benefits from HSBC credit cards and HSBC's Personal Line of Credit |
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HSBC's Visa Platinum credit card is packed with both rebates, rewards and gives you the freedom to get pretty much anything you need. Apply now and enjoy perpetual annual fee waiver. |
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HSBC's personal line of credit is a revolving credit line with flexible monthly repayment to help you meet your personal cashflow needs. Apply now and enjoy first annual fee waiver. |
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| Additional savings |
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Free property valuation |
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High upfront legal fee subsidy |
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Free fire insurance to minimise your costs. |
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| *For variable rate loans only. |
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