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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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Jeff Florian, Senior ReporterTuesday, July 01 - 2008 at 14:34 UAE local time (GMT+4)
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