HSBC Home Loan Flexi Loan


New Base Rate

4.60%(BR + 0.71%)

Bank Interest Rate

3 years

Lock In Period


Monthly Repayment

Is a HSBC Housing Loan Right For Me?

HSBC offers two home financing packages for different individual investment needs The basic Ideal Home Plan is especially suited to first time home buyers of a property worth up to RM100,000 in Peninsular Malaysia or RM120,000 in East Malaysia and comes with regular systematic repayments. The Ideal Home Plan package is not available for refinancing. You can pay back your HSBC home loan via ATM or online transfer. Acquire an insurance policy is essential when you sign up for any HSBC home loan. This will protect you from any unexpected events. Therefore, a standard fire insurance and MRTA would be highly recommended when you take up HSBC home loan.

With the Home Smart package HSBC also features a more flexible home loan product that allows you to deposit any extra cash as well as withdraw extra payments whenever you need. Via this HSBC home loan product, you can pay more than your instalments in order to reduce your total tenure and relatively reduce interest payment. You may also opt for the HSBC HomeSmart with Step-Up feature that starts with lower initial monthly instalments and gradually rise to match your income. Similar to its counterpart, this HSBC home loan allows you to pay for your monthly instalments through several channels such as online transfer or ATM. It is always highly recommended that you take up fire insurance and the MRTA/MRTT alongside with HSBC home loan products.

HSBC Home Loan products have a 5-year lock in period, which is amongst an average lock-in period when compared to other banks’ home loan products. In case of an early full redemption you can expect to pay up to 5% on your outstanding loan amount as a penalty fee. On the other hand, you will be charged by 1% p.a. for late penalty fee. Thus, comprehensive financial planning and self-discipline are imperative if you have decided to take up HSBC home loan.

Am I Eligible for an HSBC Home Loan?

Borrowers must be aged 18 and above.

What Documents Will I Need to Prepare?

If you have applied for an HSBC Home Loan, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below:

* Application Form

* NRIC / Identity Card

* Copy of Sales and Purchase or Booking Receipt or Letter of Offer from Developer

* Copy of Individual Title Deed

* Property Valuation Report (for completed properties)

* Latest 3 consecutive months of salary slips / vouchers

* Latest 6 consecutive months of commission statement

* Latest EPF statements (with 3 consecutive months or more transaction history) * Latest EA form

* Latest 6 months Bank Statement

* Letter of Confirmation of Employment and Remuneration