HSBC launches new euro home loans

HSBC Bank Malta plc has launched the new and improved Euro Home Loan, enhancing the product and giving customers the possibility to borrow for their home in euro.

As a special offer, customers have the option to take a capital and/or interest repayment moratorium. This means that a customer taking a loan this month will be given the option of effecting a first repayment in August instead of next month. Alternatively, from March to July, the customer can choose to effect payments on interest only, and defer capital repayments till August. This will amount to a five-month moratorium.

"The new products that HSBC is launching, with the euro in perspective, show the bank's commitment to fully support the euro changeover process. As a bank it is our duty to help customers plan their financial resources before the euro currency comes into effect in Malta," said HSBC Bank Malta chief executive officer Shaun Wallis. "HSBC strives hard to give customers added value, and in this respect, being 'Your Euro Bank'," he added.

Customers taking out an HSBC Euro Home Loan also have the option to choose a fixed interest rate, and to take out a home loan credit insurance.

For more information on HSBC's Euro Home Loan visit www.hsbc. com.mt, or call the bank's customer service on tel. 2380-2380 or visit any HSBC branch in Malta and Gozo.