Tag Archives: Property Loans

HSBC equity-linked loan with cash rebates

Posted on 2 Nov 2009 | Comments Off on HSBC equity-linked loan with cash rebates

HOME buyers can now take a punt on the stock market while diving into the resurgent property market.

HSBC is launching today an equity-linked home loan package that also offers cash rebates to its customers – a first in Singapore.

It will give all new and existing HSBC Premier customers in Singapore a chance to enjoy quarterly cash rebates over a period of two years if a certain stock index that it is linked to does well.

A minimum loan size of $200,000 is needed.

The package – which applies to both new and refinancing loans – is tied to the Morgan Stanley Capital International Singapore Free Index, which currently tracks 27 stocks, including those of the three local banks, the Singapore Exchange and Singapore Press Holdings.

Under the package, which does not come with a lock-in period, customers will pay an interest rate pegged to the three-month Singapore Interbank Offered Rate (Sibor) plus 1.1 per cent throughout the loan tenure. Continue reading →

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Incentives abound for home buyers looking for property loans

Posted on 17 Oct 2009 | Comments Off on Incentives abound for home buyers looking for property loans

Some banks are rolling out new services and attractive mortgage packages to increase their market share in the private housing loan sector.

Banks such as Standard Chartered has set up a service counter to offer loan evaluations at show flats.

Said Dennis Khoo, general manager of Wealth Management Consumer Banking at Standard Chartered Bank: “I think it’s even better prudence because before (a buyer) puts down the money, he can quickly – within 15 minutes – check, and then go and put the money down knowing that he’s making a good decision.”

The mortgage war among the banks has seen interest rates being revised downwards.

However, the lowering of rates is not the only weapon. Some banks are also trying to gain a greater market share by providing incentives such as air tickets and dining vouchers. Continue reading →

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