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HSBC'S SMART HOME-HELPING CUSTOMERS REDUCE THEIR INTEREST BURDEN (a single account for both banking and home loan).

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| December 05, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From India Business Insight)

HSBC has launched an innovative product called `Smart Home' that allows customers to have a single account as both the main banking account and a home loan account. The product thus helps customers to reduce their interest burden on home loan. Smart Home can be operated like a normal bank account in which customers can deposit savings and make withdrawals.

Customers save interest on the home loan since interest is ...

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