Aug. 08, 2011
Sony Bank Inc., a wholly-owned subsidiary of Sony Financial Holdings, today announced that it will begin offering new mortgage loan, named "Variable Select Mortgage Loan" from August 8, 2011.
Sony Bank's mortgage loans do not require its customers to visit a branch to complete required procedures and do not charge fees for guarantees and early repayments. With these features, this new mortgage loan is launched to meet customer needs of lending with lower variable rates.
Customers who apply for this new mortgage loan enjoy across-the-board annual interest rate discounts of 1.2 percentage point for the period of applying variable rates and 0.8 percentage point for the period of applying fixed rates, compared with the bank's standard interest rates. Beside, customers who apply for this new mortgage loan will pay a commission of 2.1% (tax-inclusive) of their borrowed amount to Sony Bank.
Going forward, Sony Bank will continue to enhance its mortgage loan products and services to meet customers' diverse home financing needs.
Note: This is an English-language summary of a Japanese announcement made by Sony Bank on August 8, 2011. The summary was prepared by Sony Financial Holdings Inc. solely for convenience of non-Japanese readers.