HSBC Home Loan

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.

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

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

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.

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

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. 

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

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)

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. 

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 

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)