A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Custom Free
     

    Custom quote

  • HSBC Home Loan

    Loading your search...
  • HSBC Bank offers loans up to Rs.10 crore for a maximum tenure of 25 years. The interest rates and repayment tenure vary for salaried and self-employed individuals. For those who are looking to build a new home, buy a flat or renovate their existing homes, this type of credit is an ideal option.

    HSBC Bank Home Loans Schemes

    Smart Loan

    Key Highlights
    • Interest charges are applicable on a floating basis
    • Fixed interest rates not offered on this loan type
    • Tenure of 20 years for repayment
    • Smart Loan account facility that acts like Current Account
    • Commitment fee and conversion fee applicable
    Interest Rate 9.05% p.a. – 9.50% p.a.
    Processing Fees 1% of loan amount or Rs.10,000, whatever is higher

    Loan Against Property

    Key Highlights
    • Get loan on residential property owned
    • Simple and hassle-free documentation
    • Repayment tenure of 15 years
    Interest Rate 9.80% p.a.
    Processing Fees 1% of loan amount or Rs.10,000, whatever is higher

    Smart Loan Against Property

    Key Highlights
    • Loan on residential property granted via SmartLAP account
    • Maximum upper cap is Rs.10 crore and repayment period is 15 years
    • No prepayment charges
    Interest Rate 9.95% p.a. to 10.20% p.a.
    Processing Fees 1% of loan amount or Rs.10,000, whatever is higher

    HSBC Bank Home Loan EMI Calculator

    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 the BankBazaar Home Loan EMI Calculator page

    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.

    Eligibility Criteria

    • Minimum annual income – Rs.5 lakh p.a. for employed and Rs.7.5 lakh p.a. for unemployed
    • Applicant should be at least 21 years

    Documents Required for All Home Loan Applicants Under HSBC Loan

    • ID proof documents.
    • Address proof documents.
    • Income proof documents.
    • Property documents (in case of loan against property).
    HSBC Bank Home Loan FAQs
    1. Can I apply for a home loan if my property is under construction?

      Yes. In this case, the loan will be granted in tranches.

    2. How long does it take for the loan to be granted?

      Typically, loans will be approved around 5 days after documents are submitted. However, this will vary based on a case to case basis.

    3. What is the maximum age for availing a housing loan with HSBC Bank?

      It is 58 years for salaried applicants, 60 years for government and public limited employees and 65 years for self-employed individuals.

    4. Can Non-Resident Indians (NRIs) avail loans from HSBC Bank?

      NRIs will be granted loans as long as they have a local co-applicant.

      

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    HSBC Home Loan Reviews

    • HSBC Bank Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The process in getting this home loan was good,The loan amount they have given me was good,it was sufficient for me, and the rate of interest they have charged me was nominal,and even the processing fee they have charged me was nominal,Still this loan is running.
      Was this review helpful? 3
      , noida
      Reviewed on Feb 27, 2019
    • HSBC Bank
      HSBC Bank Home Loan
      "Good Financial service"
      0.5 5.0/5 "Blown Away!"
      I Have taken housing loan from Hsbc bank . Am satisfied with the rate of interest which they have offered is nominal one I make the payment through online transfer . There is no processing fess for the documentation and approval process.before taking loan they have explained the pre closure charges also.
      Was this review helpful? 2
      , pune
      Reviewed on Nov 04, 2018
    • HSBC Bank Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I Have taken housing loan from Hsbc bank . In starting am satisfied with the rate of interest which they have offered of 8.5% after they have increased the rate of intersect by 2 times It took 6 month for the approval of the loan as they only approve based on proper documentation. I make the payment through on-line transfer . There is no processing fess for the documentation and approval process.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Aug 25, 2018
    • HSBC Bank Home Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I have got the home loan from the HSBC bank around 18years ago. The customer support service is good with the HSBC bank. The rate of interest and the charges are average with the HSBC bank. They have disbursed the loan amount within 3 months of time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 29, 2018
    • HSBC Bank Home Loan
      "Satisafctory"
      0.5 4.5/5 "Excellent!"
      My home loan was taken with HSBC bank which was taken 6 years back . The loan mount was 25 lakhs and the interest rate was satisfactory . The customer service and responses was up to the mark. I had a very good loan process but the processing fee was also high.
      Was this review helpful? 1
      , pune
      Reviewed on Dec 28, 2017
    • HSBC Bank Home Loan
      "Customer relationship should be there"
      0.5 4.0/5 "Great!"
      I am not satisfied with HSBC, I felt their rate of interest and charges was high. I took home loan at 2012, they charged me 9.2% and their was no response from customer response. They didn't reverse the interest after getting offer DBS bank, they ready to reduce the rate. But finally I done balance transfer to DBS.
      Was this review helpful? 2
      , pune
      Reviewed on Oct 21, 2017
    • HSBC Bank Home Loan
      "Best bank ever I have come up"
      0.5 5.0/5 "Blown Away!"
      I had taken a home loan with HSBC and it was during the year 2004. They took around 15 days of time to disburse my housing loan. The response, customer support is really good and it is very much prompt too because they do provide very good service to customers. The rate of interest charged by them is very much nominal and it was as per government norms. They take care of each and every product because whenever there is a change in the rate of interest they used to give a call and inform about the charges and their service comes to us at free of cost.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on May 13, 2017
    • HSBC Bank Home Loan
      "Good "
      0.5 4.0/5 "Great!"
      I took the housing loan with HSBC and their interest rate is around 8.6%. The loan amount got disbursed to my account within a month of time from the inquired date, also it has been delayed from my end only. Processing charges charged were very much nominal with them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 27, 2017
    • HSBC Bank Home Loan
      "Fantastic experience of HSBC Home Loan"
      0.5 5.0/5 "Blown Away!"
      For the first time i expereienced digital banking at doorstep. perfect clarity, perfect communication and perfect co-ordination. The job done by HSBC is awesome. They are very fast, faster than what you think. There product is best in market. One can go blindly
      Was this review helpful? 1
      , pune
      Reviewed on Oct 08, 2016
    • HSBC Bank Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      A big plus of HSBC is they were offering a housing loan with zero processing fee. Interest rate was higher with HSBC though. , I had raised a request online. However one of my friend suggested that SBI is much better than HSBC therefore I had cancelled that. It was before 6 to 7 months I had placed a request online.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 08, 2016
    • HSBC Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have closed the home loan with the HSBC bank and am having the very good experience with them because they are good in every aspects. Customer service is an excellent one and I was with them for thirteen years of time with two home loan.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 16, 2016
    • HSBC Bank Home Loan
      "Rates are good but system & process is too slooow"
      0.5 3.5/5 "Pretty good"
      I opted for Home Loan for HSBC Bank and while was happy with rates (just few bps higher than SBI Home Loan which was having best rates across) and overall process I found them too be too slow. Luckily my Sales Person was good but even then overall it was slow process. So pls bear that in mind. Once all done, had to go to Fort Branch (I took in Mumbai) to their bank and followed by visit to their lawyer wherein original documents are deposited. The EMIs for HSBC Bank can only be paid from their own Savings Account.. this was another hassle as had to open SA with them. Further unlike other home loan banks like HDFC Bank etc which process pre-payment from same date as date of request along with payment instrument say cheque / DD / funds, HSBC is too slow and would say shrewd. They have TAT of 4-6 days and they credit after that only. This is a loss and not ethical.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 01, 2016
    • HSBC Bank Home Loan
      "Need more grace time like SBI Bank..."
      0.5 2.5/5 "Just OK"
      I approached HSBC Bank for an Home loan. Their customer service people were very polite. The thing is rate of interest part and they offered 11.5%. But their loan process was quick. Pre closure charges and late penalty charges are higher side. But sbi bank have some grace time like 2months.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Mar 05, 2016
    • HSBC Bank Home Loan
      "Poor"
      0.5 2.0/5 "Expected more"
      I took the home loan with hsbc bank . The customer service is very poor and response time is also very poor. They do not want to help the customer. Interest rate are also not very competitive . The processing time of loan is TDS.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Feb 03, 2016
    • HSBC Bank Home Loan
      "good disbursment"
      0.5 5.0/5 "Blown Away!"
      It was the staff home loan from hsbc bank the process was good and interest rate was 1% less than the market rate and the processing fee was 0%..Pretty much documents were collected for the process and within 15 days the loan was disbursed.
      Was this review helpful? 1
      , pune
      Reviewed on Dec 17, 2015
    • HSBC Bank Home Loan
      "Not bad..."
      0.5 3.0/5 "Satisfactory"
      I have taken Home loan from HSBC Bank. They were quiet delay while during the process. I was unable to make the repayment. I had bad experience with them. But Mr vinoth guided me well. Finally I made the payment with charges and closed that loan.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 24, 2015
    • HSBC Bank Home Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My relationship Manager was there with HSBC bank as my account was there as well , therefore I got my home loan transferred to HSBC . I transferred my loan from DHFL to HSBC. The rate of interest they have offered was amazing, the execution part was good. I have just the transferred the loan within 30 days of time and it was done.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 23, 2015
    • HSBC Bank Home Loan
      "Very Good services"
      0.5 4.0/5 "Great!"
      I have taken a smart home loan from HSBC Bank. The services was good. It was a pre approved loan. They offered a good rate of interest. The processing fees was reasonable. It been 15 years now that I have taken my loan from them
      Was this review helpful? 1
      , pune
      Reviewed on Nov 04, 2015
    • HSBC Bank Home Loan
      "Best Bank with Best service "
      0.5 4.0/5 "Great!"
      Being a employee of HSBC Bank I have got better rate for this Home loan which is around 9.7%.I am really happy with the service provided by HSBC.The customer service is very fast in response and they provide active follow up within 48hours.They do apply nil charges for the employee of Bank.
      Was this review helpful? 1
      , pune
      Reviewed on Sep 26, 2015
    • HSBC Bank Home Loan
      "Good!!!"
      0.5 5.0/5 "Blown Away!"
      Hsbc is good bank. Was upto the mark. Documentation was goos a person came to resident and collected the document. I am yet to receive my home loan, I will get it in a week. Interest rate was 9.6% which is good. The processing fee is less than other banks. Customer â??s service was good.
      Was this review helpful? 0
      , thane
      Reviewed on Jun 22, 2015
    Common Loader Icon
    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.