Philip Chua Business Blog

Posts Tagged ‘home loan’

That new HSBC loan: too clever by half?
Why not give customers the money outright?

By SIOW LI SEN

LAST Friday, when given the HSBC press release on its new Sibor plus equity-linked mortgage, I spent at least 15 minutes trying to figure out how it worked. The result was that I was so consumed with the promise of thousands of dollars that I paid no attention to the home loan itself.

Eventuall… more

TWO foreign banks operating in Singapore have just unveiled rock-bottom home loan deals in a bid to secure a bigger slice of the fast-growing mortgage market amid record private home sales.
Market observers say it is too soon to say if a full-blown mortgage rates war will erupt – but the latest rates are sure to get the attention of home hunters.
One key factor allowing super-cheap mortgages is th… more

(SINGAPORE) HSBC has offered a new home loan that pegs interest rate to the three-month Singapore Interbank Offered Rate (Sibor), plus a spread of one percentage point.
The rate will be applied throughout the loan tenor and is valid for both completed and uncompleted properties with a loan size of at least $300,000.

There is no lock-in period, which is how long you would otherwise be tied to the… more