✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Apply Now

With surging real estate prices making it difficult to own a home with just your savings, it may be time to turn to external options. This is where the HSBC Bank Housing Loan comes into play, helping you get a home of your dreams. 

With attractive interest rates starting from 8.60% p.a., the HSBC Bank Home Loan is one of the best lending options available. Read on to know more about the HSBC Bank House Loan and how you can avail of this lending option.

HSBC Home Loan Interest Rates & Charges 2024

The following table shows the HSBC Bank Home Loan interest rate and other charges associated with it.

HSBC Housing Loan Interest Rates and Charges

 

 

Interest Rates

  • For Salaried: 8.75% p.a. onwards
  • For Self-employed: 8.85% p.a. onwards
  • For Home Loan Balance Transfer: 8.60% p.a. onwards

Processing Fees

1% of the loan amount or ₹10,000 (whichever is higher)

Prepayment/Foreclosure Charges

NIL (for floating rate loans)
3% of the remaining loan amount (for fixed-rate loans)

Disclaimer: The interest rate and charges mentioned in the table are indicative and may change depending on your eligibility.

Compare HSBC Home Loan with Other Banks/NBFCs

Since availing a home loan is a huge commitment, assessing the interest rates offered by different lenders is crucial to choose the best offer. The following table shows interest rates on home loans offered by Bajaj Markets’s partner lenders.

You can compare these rates with the HSBC Bank Home Loan rates of interest to zero in on the best-suited lending option for you.

Home Loan Providers

Interest Rates

Bajaj Housing Finance Limited

8.50% p.a. onwards

Home First Finance Company

9.50% p.a. onwards

ICICI Bank

9.00% p.a. onwards

India Shelter

10.50% p.a. onwards

Kotak Mahindra Bank

9.00% p.a. onwards 

LIC Housing Finance

8.65% p.a. onwards

PNB Housing Finance Limited

8.50% p.a. onwards

Shriram Housing Finance

11.50% p.a. onwards

Shubham Housing Finance

10.90% p.a. onwards

Union Bank of India

8.50% p.a. onwards

Disclaimer: The interest rates mentioned in the table can vary and are subject to policy changes of the partner.

HSBC Home Loan EMI Calculator

Loan Amount
Tenure
  • Months
  • Years
Rate of Interest
%

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount
Year Principal Interest Balance

Home loans involve more significant amounts, so you need accurate financial planning to sort out your repayment strategy. In such a situation, an HSBC Bank Home Loan EMI calculator comes in handy by chalking out your amortisation schedule.

Having an EMI plan can help you avoid any late or default payments in the future. So, use the HSBC Bank Home Loan EMI calculator to determine your monthly outflow toward home loan repayment. 

Documents Required for an HSBC Home Loan

The following is a list of documents required for an HSBC Bank Home Loan:

  • Two passport-size photographs, along with the completed application form

  • Identity Proof- Passport, Voter’s ID, Driving licence, PAN card, or Aadhaar card

  • Address Proof- Passport, Voter’s ID, Driving licence, Aadhaar card, or Utility bills

  • Proof of Age- Driving licence, PAN card, or Aadhaar card

  • Income Proof (for salaried employees): Salary slips and bank statements for the last three months

  • Income Proof (for self-employed professionals): ITR for the previous two years, bank account statements for the last six months, P&L account, and balance sheet

HSBC Home Loan Eligibility

Before opting for this home loan, here are the HSBC Bank Home Loan eligibility requirements you need to fulfil:

  • Your minimum age must be 21 years

  • Your maximum age must be 58 years if you are a salaried applicant, 60 years if you are employed in the public sector, and 65 years if you are self-employed

  • Your minimum net annual salary must be ₹5 Lakhs (if salaried) and ₹7.5 Lakhs (if self-employed)

Features and Benefits of an HSBC Home Loan

The following are some features and benefits you get to enjoy when availing an HSBC Bank Home Loan: 

Huge Loan Amount

The HSBC Bank Housing Loan amount ranges between ₹3 Lakhs to ₹40 Crores. This loan amount is enough to purchase your dream house or a plot to construct it.

Long Repayment Period

Self-employed individuals can repay this loan with a repayment tenure ranging up to 20 years. This requirement goes up to 25 years for salaried individuals.

Property Types

You can avail this loan to purchase different properties. For instance, you can use the loan amount to buy a fully-constructed property or a house plot.

Attractive Interest Rates

The HSBC Bank offers home loans at lower interest rates starting from as low as 8.60%. Moreover, you can also avail of a top-up loan amounting to 150% of the earlier loan amount.

Types of Home Loan Schemes Offered by HSBC Bank

The following are different types of HSBC Bank Housing Loans you can choose from:

  • HSBC Home Loan: This is HSBC’s classic home loan product that allows you to enjoy a loan amount of up to ₹40 Crores for a period of 25 years.

  • HSBC Smart Home Loan: The HSBC Smart Home Loan enables you to enjoy lower interest rates by availing a loan against your residential property. You can get an amount of ₹40 Crores for a repayment tenure ranging up to 25 years.

  • Loan Against Property: As its name suggests, this loan lets you raise funds for your dream home by pledging a residential or commercial property. With this loan, you can get up to ₹40 Crores for a maximum tenure of 15 years.

  • Smart Loan Against Property: You can enjoy this loan facility by pledging your residential or commercial property. Moreover, it reduces your interest payments by shortening the repayment tenure.

  • NRI Home Loans: This loan facility has been specifically designed for Non-Resident Indians (NRIs), offering up to ₹40 Crores for a flexible tenure going up to 25 years.

  • NRI Loan Against Property: This lending option from HSBC allows NRIs to get a loan by putting up residential or commercial property as collateral. The loan amount can go up to ₹40 Crores that can be repaid in 15 years.

  • Sustainable Mortgage: On purchasing a sustainable property, the HSBC Bank allows you to opt for a Sustainable Mortgage, having an interest rate starting at 8.50% p.a. 

How to Apply for an HSBC Bank Housing Loan Online

To apply for the HSBC Bank Housing Loan online, follow these simple steps:

  • Step 1: Visit the official website of HSBC Bank

  • Step 2: At the top of the dashboard, click on the ‘Borrowings’ section

  • Step 3:Select the ‘View all Home Loans’ tab 

  • Step 4: You will be navigated to a new page with different types of home loans

  • Step 5: Click on the ‘Apply now’ button to fill out the application form

  • Step 6: Submit the form and relevant documents to take your application process further 

HSBC Bank Customer Care

In case you have any inquiries about the HSBC Bank Home Loan, you can contact the HSBC Bank Home Loan customer care numbers:

  • 1800 266 3456 or 1800 120 4722

  • +91-40-65118001 or +91-22-71728001 (for NRI customers)

Disclaimer

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs for HSBC Bank Home Loan

Does HSBC Bank check CIBIL for a home loan?

Yes, when availing an HSBC Bank Home Loan, your CIBIL score needs to be 750 or above.

 

What is the maximum loan tenure I can opt for under an HSBC House Loan?

You can get an HSBC Bank House Loan for a period of 25 years if you are a salaried individual. On the other hand, the maximum tenure for self-employed individuals is 20 years.  

 

Can I transfer my house loan from another bank to HSBC Bank?

Yes, you can transfer your existing house loan to HSBC Bank. To avail this facility, you will need to apply for an HSBC Bank Housing Loan balance transfer.

 

Can I club the income of my spouse with mine and apply for an HSBC Bank Joint Home Loan?

Yes, you can club your income with your spouse’s income to apply for an HSBC Bank Joint Home Loan.

 

How do I repay my HSBC home loan?

You can repay your HSBC Bank Home Loan through monthly instalments (EMIs) as set out in the Loan Agreement. 

 

What is the maximum limit of an HSBC Home Loan?

The maximum limit of an HSBC Bank Home Loan is ₹40 Crores.

 

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