HSBC Bank Malta plc has announced the launching of a 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 in February 2007 will be given the option of effecting a first repayment in August 2007 instead of March 2007. Alternatively, from March 2007 to July 2007, the customer can choose to effect payments on interest only, and deferring capital repayments till August 2007. 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 plc’s chief executive officer, Shaun Wallis. “HSBC strives hard to give customers added value, and in this respect, being ‘your euro bank’,” he added.

People 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. Further details on HSBC’s Euro Home Loan is available from the Bank’s website www.hsbc.com.mt.