HSBC can consider Foreign Currency in US or HKD. As for SG I am not entirely sure however I expect there are still a few banks that can do it. It would just be a matter of doing the research to find out.
HSBC can consider Foreign Currency in US or HKD. As for SG I am not entirely sure however I expect there are still a few banks that can do it. It would just be a matter of doing the research to find out.
You would need to have a pretty big loan to make it worth the extra fees and costs. Not to mentioned exchange risk and margin calls.
If you’re too small for the banks profiles listed above just take an aus$ loan from a major bank and put enough in an offset account to maintain repayments for a while. When the exchange rate is to your liking; do an international transfer to your off-set.
No point is making something more complicated and expensive than it needs to be.
The rates might be attractive but you really need to be a private banking client to get these sort of products.
P.s. Major banks will accept overseas income – you don’t need to live in aus to qualify for the loan…
Anz is a min loan of 1M and income 250k. Purpose is when security is in aus and you are getting the loan via ANZ in another country. Keep in mind these loans have magin calls etc as security is in one currency and loan in another. I'd question the reasoning behind it. If you are just buying a property in aust and getting the money from an aust bank simply get the loan in aus $. Why do you need your loan in a foreign currency?
Min loan is $500k.
Thanks, do understand of the margin calls. In the long run over 30 years, the interest rate is half of OZ's interest rate. Of course there is a risk of currency fluctuations which i can accept.
What sort of job are you doing, and are there any vacanies?
a normal peasant's job , Information Technology.
Realised that the lending is very strict for these foreign currency loan. Just spoke to Citibank, to be eligible, must earn US$150K income, and open another Citigold account min $200K.
Will try the next few lenders, fingers crossed.
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