How to Get Home Equity Loan from HSBC

Home Equity Loan from HSBC

HSBC Home Equity Loan

HSBC is pleased to offer you HSBC Select – a customised banking proposition offering exclusive privileges and unrivalled personal attention. HSBC Select is designed to provide you with a superior service offering, access to exclusive facilities, preferential pricing, convenient services and personal attention, allowing you greater personal and financial freedom. HSBC all need a helping hand to be able to live HSBC life to the fullest. And in this regard, HSBC believe that we can be your right partner by providing you with HSBC Home Loan products that will help you meet your needs so that you never have to compromise with all that life has to offer! Home Equity Loan

HSBC Home Equity Loan

Home Equity Loan from HSBC:

Home Equity Loan from HSBC is an opportunity for you to release some of the value tied up with your home. Whether you want to renovate your home or expand your own business, you can potentially receive cash against the equity in your home. Let your home work for you with the leading international Bank’s Home Equity Loan from HSBC.

Features of Home Equity Loan from HSBC:

● No personal guarantee or cash security

● Loan amount of BDT 500,000 – BDT 10 million (for Select, PVA and CEPS) and BDT 500,000 – BDT 7.5 million (for General Customers)

● Maximum loan amount of 70%* of the property valuation

● Loan facility against your residential house or apartment

● Competitive interest rates

● Interest is calculated on a monthly reducing balance

● A wide range of loan purposes – purchase of land, apartments, office space, renovation, extension or construction of houses, shops etc. educational expenses for children and many more

● Clubbing of income is allowed for immediate family members i.e. Husband-Wife, Father-Child, Mother-Child etc.

● More flexibility with loan tenure of maximum 15 years (for Select, PVA and CEPS) and 10 years for General

●Partial or early settlement facilities

HSBC Home Equity Loan

Eligibility of Home Equity Loan from HSBC:

● Age: At least 23 years

● Professional Experience:

– Salaried: Employed for at least 2 years by a well-reputed organization

– Self-employed: Professional experience or business establishment for at least 2 years (with adequate proof)

● Minimum monthly income of BDT 50,000

Requirements of Home Equity Loan from HSBC:

● The concerned apartment must be occupied by the owner

● Age of the property must not be more than 20 years

● Registered mortgage in favour of HSBC and original title deed

● Irrevocable General Power of Attorney (IGPA)

● Property insurance covering fire, earthquake, flood, and cyclone

● All documents stated in the application form and as required by the Bank must be submitted

Home Equity Loan from HSBC:


Reference by: HSBC Home Equity Loan