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A family is in front of their home; image used for HSBC Malaysia Ideal Home Mortgage

Ideal Home Plan

You have simple needs which makes this home loan ideal for you.

HSBC Ideal Home Plan

Simplicity is ideal when you have basic needs and do not require many features in a home loan. The Ideal Home Plan is especially suited to first time home buyers of a property worth up to RM250,000 in Peninsular Malaysia or RM300,000 in East Malaysia.

Benefits

  • Margin of financing up to 90%*

    *Terms and conditions apply.

  • No monthly fee and set-up cost

  • Interest is calculated monthly

  • Regular, systematic repayments throughout loan tenure

Documents required

You will need the following documents when applying for an Ideal Home Plan:

  • A photocopy of identity card or passport
  • Your latest 3 months' salary slip
  • Your latest income tax return form (Form B/BE) or EA form or latest EPF statement not exceeding 12 months old
  • If new salaried employees (at least 3 months in service), Letter of Appointment or confirmation letter from employer stating salary/allowances
  • Sale and Purchase Agreement/deposit or booking receipt/letter of offer from the housing developer
  • A photocopy of the land title (if any)
  • The latest bank statements dating back six months (compulsory in the absence of salary slips and/or EA Form) showing salary/payment credited to the account
  • If you are self-employed, you need to provide your business registration documents, latest 6 months bank statements, latest financial statements and other supporting documents to support your income

Eligibility

In order to be eligible for an Ideal Home Plan, you must:

  • Be 18 to 60 years of age
  • Your home is your only residential property (not applicable for refinancing or investment purpose)
  • Property value up to RM250,000 for Peninsular Malaysia or RM300,000 for East Malaysia

Apply for Ideal Home Plan

If you meet the requirements above, then apply today.

Things you should know

Indicative effective lending rate for standard housing loan1

Item Details
Reference rate Standardised Base Rate (SBR) = 2.50%
(on and after 19 September 2022)
Interest rate per annum SBR + 1.75%
Effective lending rate per annum 4.25%

Indicative effective lending rate for standard housing loan1

Item Reference rate
Details Standardised Base Rate (SBR) = 2.50%
(on and after 19 September 2022)
Item Interest rate per annum
Details SBR + 1.75%
Item Effective lending rate per annum
Details 4.25%

Above is based on loan amount of RM350,000, 30 years tenure, no lock-in period.

1A standard housing loan is a term loan with a fixed repayment schedule.

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*Valid until 31 December 2022. Terms & Conditions apply.

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