Smart mortgage

To be eligible for an HSBC Smart mortgage, you need to:

• Have a property (the property should be owned by either you, or your blood relatives within the second degree, or your spouse, or your spouse’s blood relatives within the first degree)
• Normal credit record
• The property is located at the area accepted by HSBC (Taiwan)

1. HSBC mortgage interest rate is composed of floating index rate plus spread; borrowers should note that monthly installment amounts may rise or fall with the movement of the index rate.
2. HSBC Mortgage fees and charges: NTD7,000~NTD10,000; Annual Percentage Rate “APR”: 2.64%~3.54%. APR Example: For a mortgage with loan amount NTD2,000,000, loan tenor of 20 years (monthly payment), mortgage account set up fee of NTD 7,000~NTD10,000, interest rate is 2.60%~3.48%( this APR includes applicable interest rate for conventional loan and smart mortgage with index rate plus 0.86%~1.74%, the quarterly index rate as of 16 Dec 2024 is 1.74%).The APR is calculated according to the method set out in the relevant guidelines referred to the Authority. HSBC's decision in all matters relating to the Mortgage Loan shall be at our absolute discretion and shall be final and binding on you. The precise APR binding on each customer shall be based on respective product and credit risk conditions. The APR does not equal to interest rate and is calculated on the basis of 16 Dec 2024.
3. The quarterly index rate of Term Deposit Adjustable Rate Mortgage is adjusted once every three months and on the 15th of March, June, September and December. If the date of rate adjustment is a non-business day, rate from the next working day will be applied.
   
4. HSBC Taiwan Smart Mortgage links the mortgage account with savings accounts and reduces interest on the mortgage loan by offsetting interest earned on the savings account. For up to 30% or 70% of the outstanding mortgage loan amount, the interest earned on the linked savings account will be applied to the interest payable for the mortgage loan calculated according to the applicable interest rates and terms. Interest will not be calculated for any deposit amount in the linked savings account exceeding 30% or 70% of the outstanding mortgage loan amount. The interest earned on the linked savings account to offset mortgage interest payable will be treated as personal interest income. HSBC Taiwan will make relevant interest income reporting according to related Tax Acts of the Republic of China, Taiwan. If you have any questions, please reach us at any of our branches or call us at (02) 6616-6000.
5. A borrower can choose to make his or her repayment by monthly or bi-weekly (fortnightly). For repayment bi-weekly, the monthly installment is split into two and payment is made once every two weeks. It helps you to save more on interests since your mortgage principal could be paid off earlier than those choose to make payment monthly.
6. If any mortgage loan application meets government’s credit control measure, the loan amount, interest rate, and relevant terms should be subjected to special program.
7. Terms & Conditions for all mortgage products should be subject to contracts and relevant documents. HSBC reserves the right to make final decision on the loan amount, interest rate, grace period, and whether to approve or reject the application.
8. When Mortgage Loan has a lock-in period of 3 years and the mortgage contract is terminated within the lock-in period, there will be a 2%~1% penalty fee.
9. The Bank and the Members of the HSBC Group are required to act in accordance with the laws, regulations and requests of public and regulatory authorities operating in various jurisdictions which relate to, amongst other things, the prevention of money laundering, terrorist financing and the provision of financial and other services to any persons or entities which may be subject to sanctions. Such action may include but is not limited to: the interception and investigation of any payment messages and other information or communications sent to or by the Customer or on the Customer's behalf via the systems of the Bank or any Member of the HSBC Group; making further enquiries as to whether a name which might refer to a sanctioned person or entity actually refers to that person or entity; and ceasing or terminating, withdrawal or refusing to process transaction, accept instructions or requests or to provide service, and reversing account entries without the consent of the Customer. 
10. Other than those regulated by the law or agreed by the parties, HSBC Mortgage reverses the right to amend, postpone, cancel or terminate the Mortgage Loan program and relevant terms and conditions.
11. HSBC do not cooperate or commission any consulting agencies to provide mortgage loan on our behalf. If any questions, please contact us.
12. An English version of this agreement is available to facilitate reference by foreign language users. Please note that the Chinese version of this agreement shall prevail, should there be any discrepancy between the Chinese version and the English version.
13. If any dispute concerning your financial product, please contact 1998.