Your own home is something that is on the bucket list for most of us. However, saving up and buying one, in these times of inflation, and not to mention all the other responsibilities that you have to meet, is easier said than done. If you are looking for a loan that helps you to save on interest payments and in so doing reduces the loan’s tenure, HSBC Smart Home Loan is the way to go.
Check Out: Guide to Install Smart Home Automation
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 Lakh p.a. if you are salaried
Rs.7.5 Lakh 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.5 Lakh|
|Maximum Loan Amount||Rs.30 crore|
|Maximum Tenure period||If you are a salaried applicant, 25 years|
|Interest rate type||Floating rate(Fixed rate is not offered)|
(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.)Salaried individuals:
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