Result

Mortgage Loan Interest Rate (% p.a.)
For the purpose of this Simulation,"Mortgage Loan Interest Rate" is fixed at the interest rate equal to the Smart Base Interest Rate (Daily Floating Interest Rate Type) applicable as of 30 September, 2009 plus the Additional Interest Rate determined according to the loan-to-value ("LTV") ratio, and such interest rate is assumed to be applicable throughout your loan period. Please click here for the latest Smart Base Interest Rate and the Additional Interest Rate.

< Note >
-The applicable interest rate will be determined based on the Smart Base Interest Rate applicable as of the date of loan disbursement plus the Additional Interest Rate. The Additional Interest Rate is determined according to the LTV ratio, which is the ratio equal to the initial amount of the loan divided by the appraisal value, as determined by the Bank, of the mortgaged property.

-If the borrower fails to satisfy certain criteria prescribed by the Bank, the General Base Interest Rate, which is less favorable to the borrower than the Smart Base Interest Rate, will be applied as the base rate. For the purpose of this Simulation, the Smart Base Interest Rate is used as the base rate for the entire period of the loan, on the assumption that the borrower will continuously satisfy such criteria.

-The"Mortgage Loan Interest Rate" used for this Simulation is for indicative purpose only. HSBC Premier does not guarantee the rate shown in this Simulator will be applied to the actual loan.

Receivable Interest Amount on Deposit (JPY):
(Assumed Interest Rate: 0.23% p.a.)
There will be no receivable interest for the balance of Offset Deposit with regard to the Balance Offset Mortgage Loan. Moreover, it is assumed that there will be no receivable interest in this Simulation, although the borrower will receive interest of the deposit balance that exceeds the loan balance in reality. On the other hand, the receivable interest amount on deposit with regard to the Compared Loan is calculated as a rough estimate, based on the lump sum deposit balance plus the annual savings as inputted to the Simulator, on the assumption that the interest rate of 0.23% p.a. (before tax), which is the interest rate of a 1-Year Yen Time Deposit at HSBC Premier as of 30 September, 2009, will be applicable throughout the loan period.

Group Credit Life Insurance Amount (JPY)
If the borrower enrolls in the Group Credit Life Insurance, the borrower will be required to pay the insurance premium, which will be payable on monthly repayment date, in addition to the loan repayment.
In this Simulation,"Group Credit Life Insurance Amount" shows the total amount that the borrower will pay as the insurance premium, on the assumption that the insurance premium rate of 0.0221% (as of 30 September 2009) will be applied to the monthly loan balance throughout the loan period.

< Note >
You are eligible for the HSBC Smart Mortgage without enrolling in the Group Credit Life Insurance, provided that one of your legal heirs must be appointed as a joint guarantor (rentai hosho nin).