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Construction loan

Save money while your property is under construction

Build your new home from the ground up…

With a construction loan we can help you build your new house, fund additions to your property or make major home improvements, while saving money on interest payments.

Product features

  • Make interest-only payments while your home is under construction

  • Lending terms up to 30 years

  • Variable interest rates

  • Save $200 when you apply using online banking

Things you should know

A full appraisal will be required both before and on completion of your construction. During construction, the bank will visit your site to assess the progress of your project(s).

To apply for a HSBC Construction Loan, you will need:

  • a copy of your approved construction plans
  • a quote from a reputable contractor
  • a cost estimate/quantity survey from qualified surveyor
  • agreement/contract to verify drawdowns

You will also need to secure 10% of the total project cost plus an additional 5% for cost overruns before applying.


To be eligible for a Construction Loan you must:

  • be 18 years old or older 
  • your property must be located in Bermuda
  • your mortgage for said property must be held with HSBC Bermuda

How to apply

To discuss whether a Construction loan could be right for you, please make an appointment with one of our dedicated Mortgage experts by calling +1 441 299 5959 or by completing our callback request form. 

This product and service is offered only in the jurisdiction of Bermuda by HSBC Bank Bermuda Limited and the material presented is not intended for use by persons located in or resident in other jurisdictions.

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Our standard residential mortgage offers everything you need to get your foot in the door.


If you're a first-time home buyer, you can apply for a mortgage with little or no down payment, so long as a family member or loved one can provide additional security.


You may be able to secure a lower interest rate for your mortgage by switching to HSBC from your existing provider.


A Home Equity Loan enables you to use the equity in your property to borrow funds for home renovations or other major purchases.


Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.

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