Mortgages

You Can Now Get An HSBC Mortgage On Abu Dhabi Properties

Abu Dhabi property

HSBC has introduced home loans for a small selection of properties in Abu Dhabi.

HSBC has introduced home loans for a small selection of properties in Abu Dhabi.

RELATED: Looking for a UAE home loan? Click here to compare mortgages

Buyers will be able to secure loans on finished residential properties by Aldar Properties and the Tourism Development & Investment Company (TDIC).

“Attractive opportunities in the housing market are encouraging more people to consider owning a home in the UAE,” said Marwan Hadi, head of Retail Banking and Wealth Management, HSBC UAE.

“We will cater to that demand and provide access to locations our customers want. We are looking to cover more developers in Abu Dhabi in the future,” Hadi said.

SEE ALSO: Everything you need to know about buying a home in the UAE

HSBC finances up to 80% of a property for nationals and 75% for expatriates. Repayment rates start at 3.49%. Buyers can take out a new loan or transfer existing ones. Salary transfers are not necessary and anyone who takes out a loan gains the bank’s Premier customer status.

Early repayments of up to 25% of the outstanding loan are allowed each year and there is no early settlement charge after the first three years of the loan.

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