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SmartMortgage

Link your home loan account with a current account

HSBC SmartMortgage

HSBC's SmartMortgage links your home loan account with a current account, reducing interest on your home loan with interest earned on your current account.

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Benefits

  • Reduce the interest payable on your home loan
    Earn interest on up to 70% of your outstanding loan amount or deposit balance, whichever is lower, with your current account. You can use it to offset part of the interest payable on your home loan.
  • Pay off your home loan in less time
    With less interest payable, a larger portion of your monthly instalment will go towards your principal repayments, so you can pay off your home loan more quickly.
  • Enjoy the flexibility to manage your finances, your way
    You can deposit funds into or withdraw funds from your current account at any time. As your current account is linked to your home loan, this gives you more control over how you manage your money and savings.

Illustration

Here is how much you could save with SmartMortgage, assuming a loan amount of SGD1 million.
Example* SmartMortgage Conventional home loan What you save
Interest payable over 2 years SGD58,145 SGD68,280 SGD10,135
Interest payable over 3 years SGD85,555 SGD101,030 SGD15,475
Loan tenor 22 years and 4 months 25 years 2 years and 8 months
Here is how much you could save with SmartMortgage, assuming a loan amount of SGD1 million.
Example* Interest payable over 2 years
SmartMortgage SGD58,145
Conventional home loan SGD68,280
What you save SGD10,135
Example* Interest payable over 3 years
SmartMortgage SGD85,555
Conventional home loan SGD101,030
What you save SGD15,475
Example* Loan tenor
SmartMortgage 22 years and 4 months
Conventional home loan 25 years
What you save 2 years and 8 months

*Important:

  • The example assumes a loan of SGD1 million, with interest payable at 3.50% p.a. throughout the loan tenor, and an initial deposit of SGD200,000 in the current account.
  • The example is for illustrative purposes only. It does not constitute an actual approval or an offer of any home loan facility by us. It should not be relied upon when making individual decisions on your home loan package. Credit facilities are granted at the sole discretion of HSBC.

Select the right loan

Rainbow stairs, image used for HSBC Mortgage to buy a new property
 
with an HSBC home loan

HSBC Home Loans are the ideal way to start financing your dream home.

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to tap into the value of your home

Tap into the value of your home to capture investment or business opportunities.

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to enjoy savings on your monthly repayments

Enjoy savings on your monthly repayments by refiancing your existing loan.

More information

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law.

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