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HSBC unveils EIBOR-based mortgage in UAE

  • United Arab Emirates: Tuesday, July 01 - 2008 at 14:34

HSBC Middle East Limited is introducing an EIBOR-based mortgage, which guarantees to follow the Emirates Interbank Offered Rate for the life of the loan. The new mortgage from HSBC will be benchmarked to three months EIBOR plus a fixed margin depending on the Loan to Value (LTV). Loans of up to 60% LTV, rates start from three month EIBOR + 4%.

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