Guide on How Much You Can Borrow Under the HSBC Home Loan
HSBC HOME LOAN – Here is a guide on the minimum and maximum loanable amounts under the home loan offer of Hongkong and Shanghai Banking Corporation.
Buying a house is one of the biggest achievement one can ever reach. However, this achievement also requires a lot. You need to have a huge amount of money to purchase a residential property may it be a vacant lot, a house and lot, a condominium unit, a townhouse, etc.
Meanwhile, nowadays, you don’t need the full amount of that huge amount of money mentioned above. You can buy a house and pay for it in installment basis to the bank through a loan.
One of the banks that has the said offer is Hongkong and Shanghai Banking Corp. or more commonly called as HSBC. You may apply for the HSBC Home Loan.
The said HSBC loan offer is open for a lot of purposes including the acquisition of a residential property, the construction of a house, home renovation, and the refinancing of a loan. To be eligible to apply for the said offer, according to eCompare Mo, the applicant must be:
- between 21 to 65 years old
- employed or self-employed with a stable source of income
The offer is open for both local employees and those who are working abroad. With regards to the minimum and maximum loanable amounts under the HSBC Auto Loan, here is a list of how much you can borrow based on the article:
- Minimum Loanable Amount – Php 700,000.00
- Maximum Loanable Amount – Php 50,000,000.00
Your income may have something to do on the amount that HSBC will grant you. To check on the specific amount that you can borrow, you may visit – HSBC Home Loan – How Much You Can Borrow Based on Your Income.
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READ ALSO: HSBC Personal Loan – Is Collateral / Guarantor Needed in Applying?
