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HSBC to lower interest rates
- United Arab Emirates: Wednesday, June 24 - 2009 at 11:18
HSBC has announced that it plans to cut the mortgage rate for its Flexi Loan customers in the UAE by 100 basis points beginning July 1. The rate reduction will also apply to home finance customers of the bank's Islamic unit, HSBC Amanah. The bank also said customers of its tracker EIBOR based mortgage will see their rate adjusted to the three-month EIBOR rate.
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