Home Financing

HSBC offers portability in benefits for its home loans

HSBC is shaking up the home-loans market here by offering a so-called benefits portability feature in such loans. It is enabling its home loan customers who sell their property to continue from where they left off on the sliding interest rate spread on their new home loans. For example, if a customer sells the property in the third year of the loan, he can enjoy a first year loan interest rate of 1.69...

Mortgage melee

More banks here offering new competitive rates A HOME loan war is hotting up among banks in Singapore, with new player the State Bank of India (SBI) and Standard Chartered Bank launching attractive home loan packages this week that could potentially stir other banks to respond with even more competitive packages. SBI - India's largest bank that only started operations here last year - has offered a...

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