This is HSBC’s fourth Home Loan Madness Day after holding the open-house in its main branch at The Enterprise Center, its Ortigas branch at the Discovery Center and in Cebu. It is open to all first-time borrowers or those looking at refinancing their existing home loans. Interested individuals need to set an appointment to reserve limited slots at 878-5151.
The two bank’s team of highly-trained financial advisors will be available to make individual presentations using HSBC’s Advanced Home Loan Simulator. The simulator, is a computer program designed in Hong Kong, to specially cater to a customer’s individual home loan needs and financial situation.
"We realize that there is no one home loan package that can cater to all customers. The Advanced Home Loan Simulator allows us to help generate savings on your interest and principal payments by customizing the home loan package to the customer’s personal financial needs and circumstances," said Joey Zaballero, manager for personal financial services.
loan package, presents a series of questions, which can help customers make an informed decision when choosing a home loan. The questions range from those which determine the level of borrowing and the capacity for repayment – to how further savings in interest and principal are possible – to what other costs borrowers are expected to pay to finally own a home.
HSBC’s Advanced Home Loan simulator shows customers a comprehensive range of options that can help them make their home loan – their own personal financial package.
Its loan package allows fortnightly payments and occasional additional lumpsum payments, which shorten repayment period and generate savings on interest. It also has a re-draw option, which allows the borrower to use up the paid portion, giving him an instant all-purpose loan.
"HSBC’s home loan package is very competitively positioned in the market. We offer competitive interest rates – but consider pricing as only one of the key factors in choosing a home loan. Customers who visit the branch on September 8, will be treated to free food, entertainment and parking. But most importantly, they will receive free home loan advice that will help generate savings and allow them to arrive at an informed decision when they do decide to get a home loan," said Zabalerro.