The HSBC Ideal Home Plan is the right loan facility if you prefer paying fixed monthly instalments. You can choose this scheme if you do not foresee making extra payments on the loan. The facility ideal if you are buying your first home.
|Loan Amount||Up to RM250,000 in Peninsular Malaysia. Up to RM300,000 in East Malaysia.|
|Finance Margin||Up to 90%.|
|Loan Type||Term Loan.|
|Late Payment Charge||1% of the arrears amount.|
|Stamp Duty||According to the Stamp Duty Act 1949 (Revised in 1989).|
|Age||18 years to 65 years of age.|
|Property Value||Peninsular Malaysia: Up to RM100,000. East Malaysia: Up to RM120,000.|
|Others||Your home must be your only residential property.|
Own your dream house at fixed monthly instalments with the HSBC Ideal Home Plan. You can pay affordable monthly instalments each month with this facility. Do read the terms and conditions before applying for a loan.
Q. Should I pay an early termination fee if I settle my loan before the set tenure?
A. Yes. You will be required to pay an early termination fee if you settle the loan before the set tenure.
Q. What happens if I fail to pay my monthly instalments?
A. You will incur late payment charges if you fail to make your payments on time. Missed payments also will affect your credit score negatively.
Q. Is it mandatory to protect the property with a Takaful plan?
A. No. Buying a Takaful product is optional. However, it would be recommended to secure your property with a Takaful plan.
Q. Can I refinance an existing home loan with this scheme?
A. No. The HSBC Ideal Home Loan only offers fresh loans, and does not allow refinancing.
Q. How often is the interest calculated?
A. The interest is calculated every month.