Guide on How Much You Can Borrow Under the HSBC Home Loan Based on Income
HSBC HOME LOAN – Here is a guide on how much you can borrow under the Home Loan offer of Hongkong and Shanghai Banking Corporation based on your income.
Getting a house you can call your own is a giant step. It may require a lot of money whether you are buying a new residential property or a pre-owned one. Purchasing a lot and constructing a house may also be costly.
However, truths be told that a house is one of the best properties you can ever have. You can live in comfort and with assurance if you have your own house. Also, a residential property is an excellent investment – its price only goes on an upward trend as years pass by.
Do you want to purchase a house soon? You may be needing some financial assistance but there is nothing to worry about. Several banks including the Hongkong and Shanghai Banking Corporation or more commonly called as HSBC may assist you.
Under the HSBC Home Loan, the amount you may borrow will depend on your income. Do you want to know how much is the maximum loanable amount the bank may lend you based on how much you earn? You must prepare the following information first:
- Minimum Monthly Gross Income
- Loan Term (5 years, 10 years, 15 years, 20 years)
- Interest Rate Pricing Period (Quarterly, 1 Year, 2 Years, 3 Years, 5 Years)
- Installment Payment for Existing Loans
- Monthly Payment for Existing Credit Cards
If you already have the said information, you may visit the online calculator provided by the bank on its official website. Feel free to check on https://www.hsbc.com.ph/1/2//personal/loans/mortgage-calculator/.
With regards to loan applications, the bank offers specialist services to cater to the clients or those who wish to apply for the said offer. You may visit the same aforementioned link to talk to their loan specialist.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.