HSBC becomes second bank to

Base Rate HSBC


Property Investment Success

Latest
BLR / BFR
HSBC Bank
6.60%

Effective from 28th July 2016

Latest
Base Rate
HSBC Bank
3.50%

HSBC's presence in Malaysia dates back to 1884 when the Hongkong and Shanghai Banking Corporation Limited established its first office in the country, on the island of Penang, with privileges to issue currency notes. By 1959, The Hongkong and Shanghai Banking Corporation Limited had embarked on a programme of acquisitions.

HSBC Bank Malaysia intends to be one of Malaysia's leading foreign financial services institution, offering innovative products and services and has positioned itself as an efficient, customer-focused and relationship driven financial institution.

Currently HSBC in Malaysia has a network of 48 branches nationwide. Through the acquisition of The Mercantile Bank, which started operations in Malaysia in 1860, HSBC is indirectly the oldest bank in Malaysia. It opened offices in Ipoh in 1909 followed by branches in Malacca, Johor Bahru, and Kuala Lumpur in 1910. The Kota Bharu branch was opened in 1912.

Head office in Kuala Lumpur, HSBC Bank Malaysia is support by a strong branch network and it principally engaged in the provision of a comprehensive range of both conventional and Islamic banking services and products. HSBC Bank Malaysia was the first locally incorporated foreign bank to be awarded the Islamic banking subsidiary license in Malaysia.

Effective Lending Rate

The indicative Effective Lending Rate for HSBC is 4.60%

Note:
Indicative Effective Lending Rate refers to the indicative annual effective lending rate for a standard 30-year housing loan / home financing product with financing amount of RM350k and has no lock-in period.



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FAQ


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How to get the best mortgage rates - Quora

I agree with Michael Cheng. If you have a great credit score, stable, verifiable income, verifiable cash on hand or assets, you are a dream client. By comparison shopping, you will be able to obtain a Loan Estimate from at least three different types of lenders: Talk with the mortgage department of where you currently bank. You already have a banking relationship with them. This is a good place to start. Next, apply with a local, licensed non-bank mortgage lender. Somebody located in the town in which you live.  Last, apply with a local mortgage broker.




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