HSBC is one of the leading banks in the world and they have recently announced that they are offering 5-year residential loans at interest rates below 4%. This is great news for those looking to purchase a home or refinance their current loan.
HSBC is offering these loans with a fixed-rate of 3.99%, which is significantly lower than the average rate of 4.5%. This means that borrowers can save a significant amount of money over the life of the loan. Additionally, HSBC is also offering a 0.25% discount for those who set up automatic payments from their HSBC account.
The loan terms are also very attractive, with a maximum loan amount of $1 million and a loan-to-value ratio of up to 80%. This means that borrowers can get a loan for up to 80% of the value of their home, which is great for those who don’t have a large down payment saved up.
HSBC also offers a variety of other benefits with their 5-year residential loans. For example, they offer no closing costs, no application fees, and no prepayment penalties. This makes it easier and more affordable for borrowers to get the loan they need.
Overall, HSBC’s 5-year residential loans are an excellent option for those looking to purchase or refinance a home. The low interest rate and attractive loan terms make it an attractive option for borrowers. Plus, the additional benefits such as no closing costs and no application fees make it even more appealing. If you’re looking for a loan to purchase or refinance your home, HSBC’s 5-year residential loans are definitely worth considering.