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> Housing Loan Early Settlement: 1 Month Notice Financial

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lamode
post Aug 9 2018, 04:31 PM

anything could happen!
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3,797 posts

Joined: Jul 2007
QUOTE(kclamtarc @ Aug 9 2018, 03:54 PM)
may i know how did you write your 1 month notice ?
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i have done that with other bank.
you will need to go to branch for this, they have the form for you to fill up. preferable the home branch of the home loan account.

they will then send to mortgage dept in HQ to process, and then provide you a written notice of the balance.
it is normal that they ask you to pay slightly more in the notice, as the interest is calculated on daily basis, they wouldn't know which day you will payoff, then the balance will be refunded back to you.

for hassle free, just ask the lawyer that handling you HSBC loan agreement to do the settlement for you.

This post has been edited by lamode: Aug 9 2018, 04:40 PM

 

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