HSBC Home Loan

Get one step closer to your dream home with loans starting from 5% per annum.

Benefits

With an HSBC Home Loan, you will get:

  • Low interest rate starting from 5%1 a year
  • Finance up to 80% of the property value
  • Overpayments
  • Payment period from 5 to 25 years or until the age of 60
    (subject to life coverage)
  • Salary starting from OMR 500 per month
  • Transfer your existing mortgage or apply for a new one
  • Competitive rates
    Apply for very competitive interest rates for completed and under construction properties.

Fees and charges

Home Purchase - Variable Rate
Fee Interest rate More details


Completed properties Loan to value up to 80%


starting from 5%1

The interest rates quoted are variable, charged on outstanding value of loan and subject to change in line with the mortgage agreement.

Reduced Rate for Completed Properties

Loan to Value (LTV) less than or equal to 60%

Under Construction properties Loan to Value up to 70%

starting from 5%1

The interest rates quoted are charged on outstanding value of loan and subject to change in line with the mortgage agreement.

Land (for Omani nationals only)
Loan to Value up to 70%

starting from 5%1

The interest rates quoted are variable, charged on outstanding value of loan and subject to change in line with the mortgage agreement.

Home Purchase - Variable Rate
Fee


Completed properties Loan to value up to 80%

Interest rate


starting from 5%1

More details

The interest rates quoted are variable, charged on outstanding value of loan and subject to change in line with the mortgage agreement.

Fee

Reduced Rate for Completed Properties

Loan to Value (LTV) less than or equal to 60%

Under Construction properties Loan to Value up to 70%

Interest rate

starting from 5%1

More details

The interest rates quoted are charged on outstanding value of loan and subject to change in line with the mortgage agreement.

Fee

Land (for Omani nationals only)
Loan to Value up to 70%

Interest rate

starting from 5%1

More details

The interest rates quoted are variable, charged on outstanding value of loan and subject to change in line with the mortgage agreement.

Insurance
Fee Rate More details
Property Insurance fee 0.065% per annum Property insurance fee is charged on the rebuild cost of the property. This can be arranged by HSBC in the first year of cover, to be reviewed annually by the borrower.
Insurance
Fee Property Insurance fee
Rate 0.065% per annum
More details Property insurance fee is charged on the rebuild cost of the property. This can be arranged by HSBC in the first year of cover, to be reviewed annually by the borrower.

Life insurance is mandatory and it must be assigned to the Bank.

Account management fees
Fee Amount More details
Early redemption fee 1% Fee is to be paid on additional payments
Loan closure fee - transfer to another Lender 1% If your existing loan is being transferred to another bank / finance company, fee is to be paid on outstanding loan amount.
Loan closure fee - through own funds or upon maturity 1% Administrative charge for the closure of the account, and the release/return of relevant documentation.
Home Loan Liability Letter OMR 2/- N/A
Account management fees
Fee Early redemption fee
Amount 1%
More details Fee is to be paid on additional payments
Fee Loan closure fee - transfer to another Lender
Amount 1%
More details If your existing loan is being transferred to another bank / finance company, fee is to be paid on outstanding loan amount.
Fee Loan closure fee - through own funds or upon maturity
Amount 1%
More details Administrative charge for the closure of the account, and the release/return of relevant documentation.
Fee Home Loan Liability Letter
Amount OMR 2/-
More details N/A
Property valuation fee
Type of purchase / Financing
Comments
Completed To be paid at the application stage for completed properties. This is charged by the independent valuation companies on HSBC's panel and is non-refundable if the application does not progress. 
Under construction (Pre-completion/Upon completion) For under construction properties, valuation is done in every 33% of the construction stages and payment schedule i.e. in under construction stage and upon completion. Valuation is mandatory.
Property valuation fee
Type of purchase / Financing
Completed
Comments To be paid at the application stage for completed properties. This is charged by the independent valuation companies on HSBC's panel and is non-refundable if the application does not progress. 
Type of purchase / Financing
Under construction (Pre-completion/Upon completion)
Comments For under construction properties, valuation is done in every 33% of the construction stages and payment schedule i.e. in under construction stage and upon completion. Valuation is mandatory.

Account setup fees

Processing fee: OMR 50. Charged on the amount of the approved loan. To be paid at Home Loan account opening.

Special notes

  • Your home will be at risk if you do not make payments on a home loan, or any other finance that may be secured against it.
  • All fees are subject to change and will be applied to all customers from the date of change
  • Charges/fees pertaining to Lands Department or any other entity pertaining to registration/perfection of mortgage are to be borne by the customer on actual basis and are not listed in this tariff sheet
  • All fees paid to the bank are non refundable

Eligibility

You can get a HSBC home loan if:

  • You're an Omani national or an expatriate aged between 25 and 60 for men, and 55 for women (at the time of loan maturity)
  • Salary transfer required
  • Minimum salary of OMR 500

Apply online

Simply complete the online application form to start the process.

Or call 800 7 4722 (within Oman) or +9714 2288007 (outside Oman).

Apply in branch

Alternatively, you can visit one of our branches, where our staff will be glad to give you further information and process your application.

Things you should know

1Interest rate of 5% is exclusive for HSBC Premier, Interest rate of 5.5% is exclusive for HSBC Advance and Interest rate of 6% is for Personal Banking.

The HSBC Premier and HSBC Advance accounts are subject to eligibility criteria.

The home loans are variable rate loans and the internal base lending rate is 2.06%.

Frequently Asked Questions

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