Good thing I found out about HSBC latest home loan promo. Right now, the interest rate of my home loan is 9.5%. HSBC is offering 6.99% for 1 year period and 7.99% if you get a lock in period of 2 to 3 years.

For those of you who plan to buy a new home, this is a good rate. I remember the first home loan I got in year 2000 was from BPI Family bank. Interest rate was then 14% then it slowly decreased through the years. Buying your first home or upgrading your current dwellings is an exciting and daring venture for most. After all, buying or building a new home is a process that needs a lot of planning, patience, and most of all, money. But don’t let your financial limitations get in the way of your dream home – especially now that HSBC is offering an all-time low interest rate on their home loans.

If you apply for a home loan from HSBC between July 5 to September 30, 2010, you get to enjoy the following interest rates for 1-year, 2-year-, 3-year, or 5-year loans.

1 year: 6.99%
2 years: 7.99%
3 years: 7.99%
5 years: 8.99%

Aside from these amazing interest rates, HSBC will also waive the standard fees for the following:

Processing fee
Title verification service fee
Appraisal fee
Mortage Redemption Insurance premium *
Fire insurance premium *
Mortgage Registration Fee
Documentary stamp tax
Registry of deeds cancellation fees

* These fees will be waived for the first year only

Ask HSBC how they can help you attain the home of your dreams and achieve big savings in the process! Call (02) 85-800 or 976-8000 (Metro Manila), 1-800-1-888-8555 (provincial), or
+632-8580000 (abroad).
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