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HSBC launched the Fixed Rate housing loans

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as reported by the sources to the www.propertykhazana.com ,last week HSBC Bank the second leading money lender across the country has launched the new fix price for the home loans and loans against the lands. As per the accordance the new scheme has two choices, first choice is that the client can do the payments subject before to assured statement and the second choice is that the client decides not to do the pre-payments during the set price period.
The senior officer of HSBC Bank speaking to the www.propertykhazana.com said that, “New set price system is accessible for one to five years period for the home loans and for loan against land is for five years period with the valid price starting at 11.25% for one year and for five year home loan it is 11.75%.” He also stated that, “There will be 25 Basic points financial support for the tenure given the borrower who doesn’t want to pre-pay the loan.” But still, home loan which has the five years repayment period the price will be 12.50% and if it is pre-paid then the price will be 12.75%.
Source: NIMMA BENGALURU

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