Hongkong and Shanghai Bank Corporation Limited - your world of financial services

Hongkong and Shanghai Bank Corporation Limited, India (HSBC), your world of financial services, offers you their Home Loan facility, which will enable you to be your own landlord. HSBC believes that one should make one's most cherished desire come true, with a home loan from HSBC.

HSBC - the affordable Home Loan
HSBC offers home loans at one of the lowest interest rates in the market. One does not need to pay any application charges and only a nominal processing fee is charged when one's loan is sanctioned. The advantage of availing of a HSBC loan is that there is a no-penalty option which allows you to pre-pay upto 25 percent of your loan every year, after the first six months.

Pay as you like
With a Home Loan from HSBC, one can reap the benefits of the flexible repayment options that are available every year. It offers a choice between fixed and floating interest rates, giving you the freedom to change the way you pay. Also one can avail of the option to change one's decision every year, at no extra cost. For example, HSCB's floating interest rate reduced by 1.35 percent between March and October 1999, has benefitted all HSBC customers who had taken this option.

Choose the loan that suits you best
HSBC offers you a choice of various types of loans, so that you can pick the one that suits you best. You can take a loan to purchase either, a ready-for-occupation property or a plot of land for building a house or a property which is still under construction (as approved by HSBC).You can also take a loan against your existing residential property and use the money for personal or business use.

Higher loan amount
A Home Loan from HSBC offers loan amounts ranging from Rs 2 lakh to Rs 1 crore, at the same rate of interest for all amounts. The higher one's income, the proportionally higher is the loan amount offered by HSBC.

Personalised, efficient service
To understand how you can save money with a Home Loan from HSBC, HSBC's Customer Service Officer will be glad to answer all your questions and guide you through the formalities. For those interested in knowing about Home Loans for Non-Resident Indians(NRIs), HSBC's Customer Service Officer can be contacted.

Altaf Hussein of Joel Marketing Consultants, the direct sales agent for HSBC, India says, "The interest rate charged by HSBC is 13.60 percent, while housing finance institutions and leading foreign banks charge 13.25 percent and 14.50 percent, respectively. HSBC and housing finance institutions do not charge application fees, compared to leading foreign banks which charge Rs 5000."

For further information contact:
Joel Marketing Consultants, 23, Appollo Estate, New Nagardas Raod, Andheri (East), Mumbai-400 069.

Telephone: 825 3180/825 2181.
Telefax 91-22-825 3181.
Pager: 9602 133748/9602 190630

Mani D'Mello