Guide on Required Income To Be Eligible To Apply for HSBC Home Loan
APPLY HSBC HOME LOAN – Here is a guide on the required income in applying for the home loan offer of Hongkong and Shanghai Banking Corporation.
More and more people have acquired a residential property due to the financial services offered by banks, lending companies, and government agencies. One of the banks that has an offer is Hongkong and Shanghai Banking Corp. or more commonly known as HSBC.
The HSBC Home Loan is open for several purposes. You may apply for it to fund the following:
- purchase of a vacant lot
- purchase of a house and lot
- purchase of a condominium unit
- purchase of an apartment
- house construction
- home renovation
- refinancing of existing home loan
The home loan offer of HSBC is open for those who are between 21 and 65 years old. You may apply for it whether you are employed or self-employed. All applications are subject to the approval of the bank with due evaluation.
Most loan offers got a required income as part of the eligibility qualifications. Based on an article on eCompare Mo, to be eligible to apply for HSBC Home Loan, the applicant must be earning at least Php 600,000.00 monthly.
Do you want to know how much you can borrow under the said offer? You may visit – HSBC HOME LOAN – Minimum & Maximum Loanable Amounts Under It.
With regards to the repayment of the loan, based on the article, the minimum is five (5) years and the maximum is twenty (20) years. The maximum number of years with fixed interest is five (5) years.
Do you want to apply for the said loan offer? You may visit the official website of HSBC Bank.
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