HSBC simplifies home loan interest rates

In an increasingly complex financial world, HSBC has taken another market leading step in simplifying its mortgage rates into just ‘Two Great Rates’. Customers taking a variable interest loan of up to Lm35,000 will enjoy a market leading introductory rate of 3.7 per cent for the first 12 months (thereafter at 4.5 per cent). Whilst those over Lm35,000 will pay 4.75 per cent.
The Bank has also revised its unique fixed interest rate offers on home loans and extended them for a further period of three months until 31 March. The two-year fixed rate is now 4.15 per cent, the three-year fixed rate is 4.35 per cent whilst the five-year option is 4.7 per cent.
“These new rates underline our commitment to offer a genuine choice of competitive interest rates to our home loan customers,” explained Mr John B Hackett, Head of Personal Financial Services. “Together with our unique money backed service level guarantee, this new simplified pricing structure will ensure that HSBC remains the market leader for home loans in Malta.”
Further details on HSBC Home Loans and the HSBC Home Loans Service Promise are available from the website www.hsbc.com.mt, by calling Customer Service on 2380 2380 or from any branch in Malta and Gozo.