HSBC Holdings plc is a British multinational banking and financial services company headquartered in London, United Kingdom. It is one of the world's largest banks. It was founded in London in 1991 by the Hongkong and Shanghai Banking Corporation to act as a new group holding company.We understand that buying a house is one of the most important decisions in life, for people across the world. We also know that while most people dream of owning a perfect home, achieving that goal can be quite a challenge, especially when it comes to arranging the finance required to make such an expensive purchase.Now you fulfill this dream by opting for a Home Loan from HSBC.
At least 21 years old
Less than 58 years old
Salaried / Self-employed
with regular income
Minimum income required
5, 00,000 per annum
EMI limited to about 50%
of monthly income
Loan capped @ Max – Rs. 10,00,00,000
EMIs of other loans lower
Make your spouse a co-applicant,
and her income will add
to your eligibility
Choose longer tenure loan up to 25 years
Alternatively add your parents
- Last 3 months Salary-slips
- Last 3 months bank statements showing salary credits
- IT returns for last 2 years
- Last 2 years P&L account, balance sheet certified by CA
- Last 6 months bank statements
|Interest Rate||8.65% to 8.75%|
|Processing Fees||1% of the loan amount or Rs.10000,whichever is higher|
|Loan Tenure||25 years|
We all fantasize about the day of finally not answering to our tenant and owning our own homes. We all know about the staggering expense of purchasing our own home as well. If you thought it is impossible for you to achieve that dream, think again. HSBC Home Loan provides the most affordable and flexible housing loans so that you can turn your dream of owning your home into a reality.
The applicable interest rates on HSBC Home Loans are:
|Type of customer||Regular home||Smart loan|
|Salaried||8.65% p.a.||9.15% p.a.|
|Self-Employed||8.75% p.a.||10.15% p.a.|
For top-up loans, the interest rate will be the same as original loan if the top-up amount is less than 150% of the original loan amount. Any amount higher than 150% of the base loan will attract an additional interest rate of 0.5%.
HSBC’s home loan use the 3-month MCLR as the base rate. This rate will be revised every 3 months, but the home loan interest will be reset annually based on the 3-month MCLR in vogue at the time of reset. The bank will also add a margin or spread to the MCLR to arrive at the home loan rate of interest.
If you are unsure of whether you will be able to afford a loan EMI or not, the simplest way to solve the dilemma is to use an online EMI calculator. BankBazaar’s EMI calculator gives you accurate results, factoring in the rate of interest, tenure, processing fees and any pre-payments you can make.
These are the criteria that you must fulfill in order to be eligible for a HSBC Smart Home Loan:
|Should be a earning a minimum of||Rs. 5, 00,000 p.a. if you are salaried Rs. 7, 50,000 p.a. if you are self-employed|
|Minimum age||21 years|
|Maximum age on maturity of loans||58 years if salaried employee 60 years if government employees / public limited 65 years if self employed|
|Minimum Loan Amount||Rs. 3,00,000|
|Maximum Loan Amount||Rs. 10,00,00,000|
|Maximum Tenure period||If you are a salaried applicant, 25 years|
(All documents need to be self-attested. Only the basic documents required are mentioned below. Please speak to your Relationship Manager or visit a HSBC branch for more details.)
Directors of Private limited companies, in addition to the above documents, will need to provide the following:
Consultant / Self-employed Professional:
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