A "low interest" loan shouldn't mean you have very little interest in paying it back!
HSBC Bank offers a wide range of home loan schemes at very attractive interest rates. The floating interest rates are linked to the bank’s Repo Linked Lending Rate (RLLR). Interest rates start at 8.75% p.a. for salaried individuals and 8.85% p.a. for self-employed individuals, and 8.60% for balance transfer loans. You can avail a maximum tenure ranging from 20 to 25 years. The maximum loan amount that can be availed is Rs.40 crore.
Compare: Home Loan Interest Rate all Banks
The interest rates for HSBC Home Loan are given below:
| Category | Interest Rate |
|---|---|
| Salaried | 8.75% p.a. |
| Self-Employed | 8.85% p.a. |
| Balance Transfer | 8.60% |
Loan applicants should have a basic idea of what their EMIs would look like. This will help applicants better plan their finances and also decide on what repayment tenures work for them. To calculate what EMIs could be, enter a few loan-related details on Home Loan EMI Calculator. To compute the EMI, key in the total loan amount, tenure, rate of interest, and the processing fees. Proceed to click on the ‘Calculate’ option, after which you see on the screen and your EMI will be displayed. A detailed loan amortisation table will also be displayed.
Yes. In this case, the loan will be granted in tranches.
Typically, loans will be approved around 5 days after documents are submitted. However, this will vary based on a case to case basis.
It is 58 years for salaried applicants, 60 years for government and public limited employees and 65 years for self-employed individuals.
NRIs will be granted loans as long as they have a local co-applicant.
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