Guide on How Much You Can Borrow Under HSBC Home Loan Based on Purpose for Applying
HSBC HOME LOAN – Here is a guide on how much you can borrow under this HSBC loan offer based on the application purpose.
Are you planning to buy your own house soon? You may do it without paying for it in full yet. You can use your money in a business to make it grow while paying for a house and enjoy the convenience and comfort of living in your own space.
How can that happen? You may seek assistance from banks or other entities that offer cash assistance. One of these banks is the Hongkong and Shanghai Banking Corporation or more commonly called as HSBC.
You may apply for HSBC Home Loan. The said loan offer of the private bank caters to several purposes.
Based on the official website of Hongkong and Shanghai Banking Corporation, you may apply for the said loan offer to:
- Home Mortgage Loan (HML) Purposes
- purchase of residential property occupied by owner
- refinancing of residential mortgage with another financial institution
- house construction
- home renovation or improvement
- reimbursement of purchase property
- Home Equity Loan (HEQ) Purposes
- multi-purpose loan
- refinancing of a previous loan from another financial institution
- purchase of secondary residence
- construction of secondary residence
- renovation of secondary residence
With regards to the loanable amounts under the HSBC Home Loan, it depends on the application purpose. Here is a guide on how much you may borrow based on loan application purpose:
- HML
- Minimum Loanable Amount – Php 700,000.00
- Maximum Loanable Amount – Php 50 million
- HEQ
- Minimum Loanable Amount – Php 700,000.00
- Maximum Loanable Amount – Php 30 million
Are you planning to apply for the said loan offer? For a guide, feel free to visit – HSBC HOME LOAN – How To Apply For This HSBC Loan Offer.
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.
READ ALSO: HSBC LOANS – Full List of the HSBC Loan Offers You May Apply For
