HSBC Bahrain Basic Mortgage

hsbc-bahrain Bank

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Basic Mortgage

Minimum Salary

BHD 400

Flat Rate

7.49%

Loan Amount

BHD 400K

Down Payment

20%

Repayments Up To

25 Years

BHD 400

Minimum Salary

7.49%

Flat Rate

BHD 400K

Loan Amount

20%

Down Payment

25 Years

Repayments Up To

Features

  • Maximum tenure provided is 25 years
  • Only Bahraini residents of aged between 21-60 yrs are eligible
  • Employment company must be listed with the bank
  • A minimum salary of BD 400 is required
  • Interest rates start at 7.49%
  • Can avail mortgage on a fixed rate basis
  • Salary transfer to HSBC account is required
  • Maximum finance that can be availed is BD 400,000
  • Up to 80% of the property value will be provided

Benefits

  • High finance is provided
  • Can avail debt consolidation for liabilities
  • Customers new to HSBC are also eligible

Frequently Asked Questions

Q. How do I get property insurance?

A. Once your home loan is approved, HSBC recommends you to property insurance companies in Bahrain.

Q. Are there any early settlement fees charged?

A. Yes. 0.75% of the outstanding loan amount or BD 200(whichever is lower) is charged as early settlement fees.

Q. Are there any partial settlement fees charged?

A. Yes. 0.75% of the settlement that is made or BD 200(whichever is lower) is charged as partial settlement fees.

Q. Can I transfer my existing mortgage to HSBC?

A. Yes. You can transfer your existing mortgage to HSBC.

HSBC Bahrain

Being one of the world’s largest banking and financial organizations HSBC provides retail banking, wealth management, commercial banking, global banking and market to over 38 million customers all over the world. It has its presence in 66 countries and territories in Europe, Asia, Middle East, Africa, Latin, and North America.