Hsbc Loan Early Repayment Calculator

1 rates are applicable to new applications and are subject to change. Monthly repayments the calculator divides the mortgage amount and the total interest payable by the total number months in the mortgage term. We base our calculations on hsbcs representative apr but its important to note that credit is subject to status and your circumstances may affect the rate youre offered.

Interest rates range from 850 pa.

Hsbc loan early repayment calculator. Redraw on your existing personal loan with no processing fee. Drop off box for business and corporate documents available at hsbc compass point express banking centre 9 bermudiana road hamilton. Monthly flat rate is 013 and annualised percentage rate apr is 292 for a repayment period of 12 months. Fixed monthly repayments with choice of 1 7 years loan tenor.

Loan early repayment analysis. Our calculator lets you pick how much you want to borrow and your loan term to estimate how much you would pay back each month and overall. Longest loan tenor of up to 7 years. Spread your repayments over 1 to 5 years for loans of 15000 or less or over 1 to 8 years for loans over 15000.

We also assume that you dont take any repayment holidays and you don. Rounding of repayment amounts the calculator uses the unrounded repayment to derive the amount of interest payable over the full term of the loan. Repayment schedules when you take out a personal loan you must factor in the total loan costs the amount borrowed plus interest accrued over the repayment period. Loan amount of up to 8 times your monthly income.

Only applicable to customers who successfully apply for and drawdown the loan during the promotional period with an approved loan amount of hkd800000 or above. A mask is required to be worn in order to come into the bank. Early repayment charge some lenders may charge a fee if you pay back more than your fixed monthly repayment amount. Based on the figures entered into the loan early repayment calculator.

If you continue to make monthly payment of you will repay your loan months quicker than if you just paid the standard monthly installment of. You will reduce the total amount of interest paid on the loan reducing from to which is a saving of in interest payments. Whether you are planning a learning adventure or an exotic holiday bring your plans to life with hsbcs personal loan. Get a quick decision as an hsbc current account customer you could get an instant credit decision.

Persoanl loan terms pdf 684 kb personal baking booklet pdf 150 mb apply. Mortgages that have an erc also have an annual overpayment allowance. An early repayment charge erc is a charge you may have to pay if you repay the whole or part of your mortgage early which includes when you move to a different hsbc mortgage product or move to a different lender during a certain period. All applications are subject to hsbc lending criteria.

And is based on the applicants individual equifax score band and may be different to the lowest advertised interest rate. Georges and somerset branches will be open monday friday from 9am 3pm providing limited banking services.