Home Loans

Benefits of Amanah Home Financing-i

Fixed payment...for peace of mind
Once a monthly payment amount is set, you can be sure that it remains the same until the end of the tenure. You can therefore plan your monthly expenses more efficiently and never be affected by increased Base Lending Rates (BLR).

High Margin Financing
Enjoy a high margin of financing of up to 90%* of the property value thereby making your ideal property more easily affordable under the plan.*subject to eligibility.

All information up-front
All information such as monthly payment amount or compensation for late payment charges will be laid out up-front to avoid any uncertainty or unexpected surprises.

Stamp duty taken care of if you are refinancing*
As part of our government's incentive, stamp duty will be waived for the redeemed amount if you are refinancing with HSBC Amanah Home Financing-i from a conventional home loan.

*Terms and conditions apply

 

How HSBC Amanah Home Financing-i works...step-by-step

The concept we use for our financing is based on an Islamic principle known as Bai-Bithamnan Ajil, which is sometimes referred to as Deferred Payment Sales. Instead of entering into a home loan arrangement with the bank, you will enter into a buy and sell agreement, Here's how it works:

• For new purchases, you identify the property and make a deposit for the purchase or in the case of refinancing, simply approach HSBC.
• Talk to HSBC regarding your intention to finance or refinance your home under the HSBC Amanah Home Financing-i package.
• HSBC will purchase the property from you. The purchase price is considered as the amount to be financed.
• You will then buy back the property from HSBC at the agreed amount (the Selling price) by paying a fixed monthly installment.

 

Talk to HSBC about your home financing now...

Hassle-free home purchasing and refinancing is what you get with HSBC Amanah Home Financing-i package. And remember, it's available to all regardless of race and religion.