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HSBC launches fixed home loan rates

No Comments Sub Category:Uncategorized Posted On: Dec 02, 2011

Fixed loan rates has been launched against property and home loans by country’s second largest foreign lender HSBC India.

The uniqueness of the loan scheme is that, a loan borrower can make pre-payments even during fixed rate period.

The applicable loan rate begins from 11.25 percent for one-year loan tenors and upto 11.75 percent for five-year home loan tenors.

HSBC experts say that now they have extended their loan on property in a large scale only to enforce unique features to the loan borrowers.

Source: NDTV Profit

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