Flexible Home Financing HomeSmart-i | Mortgage

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HomeSmart-i

HSBC Amanah HomeSmart-i

One thing's for sure, no one can predict what’s going to happen in the future. Having a home financing package that gives you the flexibility to adapt makes a big difference. Based on the principle of Diminishing Musharakah, HomeSmart-i gives you more control in your life and the flexibility to adapt to different priorities that may arise in the future.

Check eligibility and how to apply for HomeSmart-i

Benefits

Freedom to make withdrawals on excess payments anytime without notice or charges
Banking convenience via ATM, cheque book and online banking

Save on lease rental rate paid and shorten your financing tenure by consolidating your deposits, including salary and savings into your HomeSmart-i account

Eligibility

Individuals aged between 18 years and 60 years
Residents and non-residents

Apply for HomeSmart-i

A photocopy of identity card or passport
Your latest 3 months’ salary slip
Your latest income tax return form (Form B/BE) or EA form or latest EPF statement not exceeding 12 months old
For newly salaried employees (at least 3 months in service), Letter of Appointment or Confirmation letter from employer stating salary/allowances
Sale and Purchase Agreement / deposit or booking receipt / letter of offer from the housing developer
A photocopy of the land title (if any)
The latest bank statements dating back 6 months (compulsory in the absence of salary slips and / or EA Form) showing salary / payment credited to the account
If you are self-employed, you need to provide your business registration documents, latest 6 months of bank statements, latest financial statements and other supporting documents to support your income

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If you need help please call 1300 80 2626.

Important documents

Other details

Standard housing financing's effective lease rental rate¹
Item	Details
Reference rate	Base rate (BR) = 2.39% (on and after 15 Jul 2020)
Lease rental rate per annum	BR + 1.11%
Effective lease rental rate per annum	3.50%

Standard housing financing's effective lease rental rate¹
Item	Reference rate
Details	Base rate (BR) = 2.39% (on and after 15 Jul 2020)

Item	Lease rental rate per annum
Details	BR + 1.11%

Item	Effective lease rental rate per annum
Details	3.50%

¹A standard housing financing is a term financing with a fixed payment schedule. Financing amount of RM350,000, 30 years tenure, no lock-in period.

Protection for you and your loved ones

At HSBC Amanah, we distribute Takaful Reducing Term Cover for Home Financing to protect you and your family from a home financing burden should the unexpected happen. Complete your protection with Homeowner Takaful Scheme and enjoy peace of mind.

This is dependent on fulfilment of certain conditions, namely the financing amount granted and its tenure, monthly income and savings and/or idle funds that can be maintained by the individual(s) in the HomeSmart-i account.

Terms and conditions apply.

Frequently asked questions

“The Customer and the Bank will be in a partnership to purchase a property. The Bank’s share of the property will diminish over time during the tenure, while the Customer’s share of the property will increase at the same time as a result from the monthly payments to the bank. Ultimately, the Bank will transfer the full ownership of the property to the Customer at the end of the facility or upon early settlement by the Customer, whichever is earlier.”

As lease rental is calculated daily, any excess amount you’ve deposited in your account be it from your salary, savings or even your bonus, the longer it is in the account, you are actually benefiting towards reducing the total payments for your home financing.

Just follow these 3 simple steps:

Put your salary into HomeSmart-i
Leave your idle funds in HomeSmart-i
Put your bonus into HomeSmart-i

This way, you will be saving more on lease rental payment and on your way to owning your home faster.

You can refinance with HomeSmart-i from a conventional home loan and enjoy these benefits:

Potentially reduce monthly payments
Free up cash for other priorities
Enjoy greater flexibility in managing cash flow

Read full FAQ Click to check full faqs

HomeSmart-i

HSBC Amanah HomeSmart-i

Benefits

Eligibility

Apply for HomeSmart-i

Required documents

Important documents

Other details

Protection for you and your loved ones

Frequently asked questions

What is Diminishing Musharakah?

How does 'daily lease rental calculation' help me own my home faster?

What are the benefits of refinancing?

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