The first step towards owning your dream home
Our Emirate Interbank Offered Rate (EIBOR) home loan has rates that rise and fall with the 3-month AED EIBOR. This means variable interest, and no early settlement charge if you repay your loan in full after 3 years. Administrative charges will apply for closing the loan.
- Competitive annual percentage rate for Premier resident customers [@annualpercentagerate].
- No early settlement charge if you repay your home loan in full after 3 years, or before the end of the repayment period.
- Get a 0.15% discount on your interest rate, if you’re buying a property that’s Platinum or Gold LEED certified with our Green Home Loan.
- You'll have an overpayment allowance equivalent to 25% of the outstanding balance of your home loan.
- You don't have to be an HSBC customer. We'll make all the arrangements in setting up an account for you.
What you get with your Variable 3-month EIBOR Home Loan
Things to know
Who can apply?
You can apply for a Variable 3-month EIBOR Home Loan if you:
- live in the UAE
- are aged between 21 and 65
- have a monthly income of at least AED 10,000
If you live outside of the UAE and you're an HSBC Global Private Banking or Premier customer, you may still be able to apply for a home loan to buy a property.
HSBC Premier with your home loan
You may be able to apply for an HSBC Premier account with us when you take out your home loan. As a Premier customer, you'll get a better interest rate on your home loan, plus lots of other exclusive benefits.
To be eligible for an HSBC Premier account you must meet ONE of the following criteria:
- hold a mortgage with us with a drawdown of AED 3,000,000 or above and build up a minimum Total Relationship Balance (TRB) of AED 500,000 (or equivalent) within 12 months
- deposit a monthly salary of at least AED 40,000, or AED 30,000 if you're an Emirati, and build up a minimum TRB of AED 500,000 (or equivalent) within 12 months
- maintain a TRB with us of AED 500,000 in deposits and/or investments
- already hold, and qualify for, a Premier account in another country or region
- have a spouse or parent who already holds, and qualifies for, a Premier account
If you do not keep up your repayments/payments, you may lose your property.
You may have to pay penalties if you pay off a loan/financing early.
If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future.
Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit.
Get started
Applying for a Variable 3-month EIBOR Home Loan with us is simple.
We recommend that you get an Approval in Principle first – we’ll explain how to do this over the phone when you request a call back. Then, we'll let you know what you’ll need to do for your home loan application.
If you're an HSBC Global Private Banking or Premier customer already, simply call your Relationship Manager to get started.
You might also be interested in
Fixed-rate Home Loan
Lock in your interest rate with a fixed-interest home loan.
Green Home Loan
Buy a sustainable LEED-certified property and get a discount on your home loan.
Home loan repayment calculator
Understand what your repayments could be, based on the interest rate, term and repayment type.
Rates and fees
Here are some more details about our rates and fees for home loans.