Smart Mortgage

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Smart Mortgage

The Smart Mortgage offers flexibility to your lending and savings. Any additional funds that you pay into the Smart Account allows you to pay less for your mortgage or pay it quicker.

Why choose Smart Mortgage?

Additional funds paid into Smart Account reduces interest charge on your mortgage loan
Withdraw funds from your Smart Account at any time
No minimum balance required
Receive up to VND10Million cash-back

How it works

Daily end balance to calculate interest of the mortgage will be netted off against 50% of Smart Mortgage Account balance prior to interest calculation, which will lower the interest payment for the customer.

Reference rates and fees

Home Mortgage Loan fixed rates

After the Fixed Period, Variable Rate will be applied
Fixed Period (*)	Mortgage Loan (**)
12 months	11.50% p.a
24 months	12.50% p.a
36 months	12.75% p.a
48 months	13.00% p.a
60 months	13.00% p.a

After the Fixed Period, Variable Rate will be applied
Fixed Period (*)	12 months
Mortgage Loan (**)	11.50% p.a

Fixed Period (*)	24 months
Mortgage Loan (**)	12.50% p.a

Fixed Period (*)	36 months
Mortgage Loan (**)	12.75% p.a

Fixed Period (*)	48 months
Mortgage Loan (**)	13.00% p.a

Fixed Period (*)	60 months
Mortgage Loan (**)	13.00% p.a

(*) After the Fixed Period, Variable Rate will be applied

(**) Mortgage interest rate might be lower if customer meet some conditions include: Premier, Payroll account and hold other HSBC’ products.

Home Mortgage Loan variable rates

Variable rate = Prime Rate + Spread
Period	Prime Rates²	Spread for personal banking
1 month	12.50% p.a	0.75% p.a
3 months	13.00% p.a	0.75% p.a
6 months	13.25% p.a	0.75% p.a

Variable rate = Prime Rate + Spread
Period	1 month
Prime Rates²	12.50% p.a
Spread for personal banking	0.75% p.a

Period	3 months
Prime Rates²	13.00% p.a
Spread for personal banking	0.75% p.a

Period	6 months
Prime Rates²	13.25% p.a
Spread for personal banking	0.75% p.a

²Prime Rates is an internal HSBC decided rates and may vary from time to time

Home Loans Early Repayment fees for Premier customers

Basing on early principal amount
Interest Rate Scheme	Year 1	Year 2	Year 3	Year 4	Year 5	Y6 Onwards
Fixed rate 1 year	3%	3%	2%	0%	0%	0%
Fixed rate 2 years	3%	3%	2%	0%	0%	0%
Fixed rate 3 years	3%	3%	2%	0%	0%	0%
Fixed rate 4 years	3%	3%	2%	0%	0%	0%
Fixed rate 5 years	3%	3%	2%	0%	0%	0%
Variable Rate	3%	3%	2%	0%	0%	0%

Basing on early principal amount
Interest Rate Scheme	Fixed rate 1 year
Year 1	3%
Year 2	3%
Year 3	2%
Year 4	0%
Year 5	0%
Y6 Onwards	0%

Interest Rate Scheme	Fixed rate 2 years
Year 1	3%
Year 2	3%
Year 3	2%
Year 4	0%
Year 5	0%
Y6 Onwards	0%

Interest Rate Scheme	Fixed rate 3 years
Year 1	3%
Year 2	3%
Year 3	2%
Year 4	0%
Year 5	0%
Y6 Onwards	0%

Interest Rate Scheme	Fixed rate 4 years
Year 1	3%
Year 2	3%
Year 3	2%
Year 4	0%
Year 5	0%
Y6 Onwards	0%

Interest Rate Scheme	Fixed rate 5 years
Year 1	3%
Year 2	3%
Year 3	2%
Year 4	0%
Year 5	0%
Y6 Onwards	0%

Interest Rate Scheme	Variable Rate
Year 1	3%
Year 2	3%
Year 3	2%
Year 4	0%
Year 5	0%
Y6 Onwards	0%

Home Mortgage Loan fixed rates

After the Fixed Period, Variable Rate will be applied
Fixed Period (*)	Mortgage Loan (**)
12 months	11.50% p.a
24 months	12.50% p.a
36 months	12.75% p.a
48 months	13.00% p.a
60 months	13.00% p.a

After the Fixed Period, Variable Rate will be applied
Fixed Period (*)	12 months
Mortgage Loan (**)	11.50% p.a

Fixed Period (*)	24 months
Mortgage Loan (**)	12.50% p.a

Fixed Period (*)	36 months
Mortgage Loan (**)	12.75% p.a

Fixed Period (*)	48 months
Mortgage Loan (**)	13.00% p.a

Fixed Period (*)	60 months
Mortgage Loan (**)	13.00% p.a

(*) After the Fixed Period, Variable Rate will be applied

(**) Mortgage interest rate might be lower if customer meet some conditions include: Premier, Payroll account and hold other HSBC’ products.

Home Mortgage Loan variable rates

Variable rate = Prime Rate + Spread
Period	Prime Rates²	Spread for personal banking
1 month	12.50% p.a	0.75% p.a
3 months	13.00% p.a	0.75% p.a
6 months	13.25% p.a	0.75% p.a

Variable rate = Prime Rate + Spread
Period	1 month
Prime Rates²	12.50% p.a
Spread for personal banking	0.75% p.a

Period	3 months
Prime Rates²	13.00% p.a
Spread for personal banking	0.75% p.a

Period	6 months
Prime Rates²	13.25% p.a
Spread for personal banking	0.75% p.a

²Prime Rates is an internal HSBC decided rates and may vary from time to time

Home Loans Early Repayment fees for Premier customers

Basing on early principal amount
Interest Rate Scheme	Year 1	Year 2	Year 3	Year 4	Year 5	Y6 Onwards
Fixed rate 1 year	3%	3%	2%	0%	0%	0%
Fixed rate 2 years	3%	3%	2%	0%	0%	0%
Fixed rate 3 years	3%	3%	2%	0%	0%	0%
Fixed rate 4 years	3%	3%	2%	0%	0%	0%
Fixed rate 5 years	3%	3%	2%	0%	0%	0%
Variable Rate	3%	3%	2%	0%	0%	0%

Basing on early principal amount
Interest Rate Scheme	Fixed rate 1 year
Year 1	3%
Year 2	3%
Year 3	2%
Year 4	0%
Year 5	0%
Y6 Onwards	0%

Interest Rate Scheme	Fixed rate 2 years
Year 1	3%
Year 2	3%
Year 3	2%
Year 4	0%
Year 5	0%
Y6 Onwards	0%

Interest Rate Scheme	Fixed rate 3 years
Year 1	3%
Year 2	3%
Year 3	2%
Year 4	0%
Year 5	0%
Y6 Onwards	0%

Interest Rate Scheme	Fixed rate 4 years
Year 1	3%
Year 2	3%
Year 3	2%
Year 4	0%
Year 5	0%
Y6 Onwards	0%

Interest Rate Scheme	Fixed rate 5 years
Year 1	3%
Year 2	3%
Year 3	2%
Year 4	0%
Year 5	0%
Y6 Onwards	0%

Interest Rate Scheme	Variable Rate
Year 1	3%
Year 2	3%
Year 3	2%
Year 4	0%
Year 5	0%
Y6 Onwards	0%

Things you should know

Vietnamese individuals or Overseas Vietnamese
Age from 18 to 65
Monthly personal income of at least VND 10 million
Local residents living in Hanoi, HCMC, Dong Nai, Binh Duong, Long An, Ba Ria Vung Tau, Tay Ninh, Bac Ninh, Vinh Phuc, Hung Yen, Hai Duong , Hai Phong, Danang, Hoi An City, Tam Ky (Quang Nam), Hue City (Hue)
Mortgaged property must be located in Ho Chi Minh City, Ha Noi, Binh Duong, Dong Nai and minimum value is VND 800 million OR located in Da Nang and minimum value is VND 500 million

Home Mortgage Loan application form (original copy)
Identification card (a certified copy or the original ID to be crosschecked at the Bank. The date of issuance of the ID card must not exceed 15 years with identifiable details and photo)
Household registration book / Temporary residence book
Marital Status Certificate
Copy of purchasing house ownership certificate
Proof of income
Copy of other asset ownership certificates (if any)

How to apply

Please make sure you've read the information under Things you should know section

Apply online

Apply now for an HSBC Home Mortgage Loan This link will open in a new window

Apply by phone

Call us on

(84 28) 37 247 247(the South)

(84 24) 62 707 707 (the North)

Lines are open 8am to 10pm daily.

Frequently asked questions

Smart Account is a current account, mandatory to open for Smart Mortgage, and is linked to your Smart Mortgage Account.

Fifty percent (50%) Smart Account Balance will be netted off with actual Smart Mortgage Balance for interest calculation for borrowers.

At any day, if 50% of Smart Account Balance is higher than actual Smart Mortgage balance, HSBC will calculate the mortgage interest as zero (0). HSBC does not charge mortgage interest for that day but also does not transfer the surplus to the following day or month.

When Smart Mortgage has been paid off/ closed, Smart Account will be auto-closed and Smart Account balance will be transferred to borrower’s main transaction account.

Why choose Smart Mortgage?

How it works

Reference rates and fees

Fixed rates

Variable rates

Early Repayment fees

Things you should know

Who can apply

What you need to apply

Useful information

How to apply

Apply online

Apply by phone

Frequently asked questions

1. What is a Smart Account?

2. Is there interest paid for Smart Account?

3. How many Smart Accounts can be linked to a Smart Mortgage Account?

4. Is there any cap for the Smart Mortgage?

5. If 50% of Smart Account Balance is higher than Smart Mortgage balance, could the surplus be netted off for the following day or month?

6. Could Smart Account be maintained after Smart Mortgage closure?

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