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Range of Interest Rate

8.58% Onwards

Processing Fee Range

Rs.5,900 Onwards

Loan Amount

Upto Rs 30 crore

Range of Loan Tenure

1-25 years

 

Key Salient Features

  • No guarantor required
  • Nil Pre-closure and prepayment fees

 

Documentation

  • KYC– Aadhar Card and PAN Cardd
  • Financial– Bank statement, Salary slips, latest form 16
  • Property– Allotment Letter and Registered Sale Deed

 

Trivia

  • There are about 26 HSBC Bank branches across India
  • It takes on an average 3-7 days for loan approval

USP’s

Door step service

Dedicated Relationship Manager

Minimum Documentation

Fastest Sanction

 

Fee and Charges Details

  • The processing fee charges is 1% of the loan amount and there is no foreclosure or pre-payment charges on floating interest rate

Disclaimer

  • All intellectual property including trademarks, logos belong to the owner
Other Key Information:
Particulars Salaried Self-Employed
Age 21-58 Years 21-65 Years
Prepayment Charges/Foreclosure Zero Zero

FAQs

How do you apply for a HSBC Home Loan?

When you apply for an HSBC home loan you need to take the following steps given below:

  1. Submit the online Home Loan application form.
  2. Submission of necessary documents like KYC, Financial, and Property documents 
  3. The HSBC Bank initiates processing of the loan along with legal and technical verification
  4. The loan eligibility of the applicant is determined. After which HSBC Bank will provide a sanction letter. It will include a few important details such as sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions 
  5. On submitting all the required documents and raising a home loan disbursement request, the HSBC Bank will initiate the process of issuing your home loan disbursement cheque 
What is the list of documents required to be submitted while applying for a HSBC Home Loan?

To secure a HSBC Home Loan you will need to submit a few important documents. They are given in the table below:

 

KYC Documents

Aadhar Card, PAN Card
Voter’s ID, Driving License
Electricity Bill, Photo ID Cards issued by the State or Central Government
Application form duly filled with passport-size photos of applicants and co-applicants

KYC Documents

Salaried
  • The previous three months’ salary slips and
    the Latest Form-16
  • Latest 2 years Form 16
  • IT Returns for the last three years
Self-Employed/Professional
  • Business Profile of the Applicant
    Latest 3 years ITR with Computation of Income
  • Balance Sheet, Profit, and Loss Account, and respective schedules
  • GST Registration Certificate, GSTR-3B Returns of
    latest 1 Year, and GSTR-3B Returns of latest 1 Year
    Company Udhyam certificate

Property Documents

Registered Sale Deed, and Draft Sale deed agreement/document copies
Allotment Letter, NOC (No Objection Certificate) from Society/Builder
Receipts of payments made to the Real Estate developer
Why should you choose HSBC Bank Home Loan?

It is mainly because HSBC Bank provides home loans with the lowest interest rates. Besides, they also provide you with a 100% hassle free ‘Digital’ application process.

How long does it take to get a HSBC Home Loan sanctioned?

After submitting all the required documents the HSBC Bank will take about 4-5 working days to sanction a home loan by providing a letter.

What is the minimum CIBIL score required to secure a HSBC Home Loan?

To secure a HSBC Home Loan you need to have a minimum CIBIL score 700 onwards

What is the maximum loan amount sanctioned by HSBC Bank?

The maximum home loan amount sanctioned by HSBC bank is up to Rs 30 Crores.

Is a co-applicant mandatory for a HSBC Home Loan?

It is not compulsory to have a co-applicant for a HSBC Home Loan. However, if you do have one it helps in enhancing your loan eligibility and prove to the lender your ‘Creditworthiness’ and chances to improve terms and conditions.

How frequently will my rate of interest change during the tenure of a HSBC home loan?

After securing a HSBC Home Loan your rate of interest (ROI) will only change depending on the type of ROI you choose. So, if you select a floating interest rate then there will be frequent changes. However, if you opt for a fixed interest rate then the chances of changes will be minimal.

Am I eligible for a HSBC Home loan if I do not have my returns for three financial years?

If you have IT returns to show for three financial years helps improve significantly your chances of securing a HSBC Home Loan. However, you still can obtain a home loan from HSBC Bank despite not having IT returns of three financial years, if you are seeking a small loan amount and you have a good CIBIL score.

How soon can I get my HSBC Home loan disbursed after it is sanctioned?

Typically, once all the required documents have been checked by HSBC Bank and sanction letter issued, it takes the bank about two days to disburse a home loan.

Other Information of HSBC Home loan:

There are few additional information about HSBC Home Loan that you need to know given below: 

  1. Types of HSBC Home Loans:

     Usually, the HSBC Bank provides you with three types of home loan. They are as follows: 

    1. HSBC Home Loan Balance Transfer:

      It is a scheme that helps you shift from an existing home loan from another lender to HSBC. It is a bank that provides you with a credit line of 0.3% of the loan amount. Besides, you can also get a top-up of 150% at the same rate. There is no processing charge involved. 

    2. HSBC Home Loan:

      In this type of home loan HSBC provides loan amounts ranging from Rs 3 lakh to 30 crore for essentially properties that are ready for possession. Also, this program includes selected under construction properties approved by HSBC. 

    3. HSBC Smart Home Loan:

      This scheme is an overdraft facility that HSBC provides for existing home loan borrowers. It can be used both by Indian residents and NRI.  Usually, valid for ready to move in properties and specific under construction properties.  The loan amount ranges from Rs 5 lakh to Rs 30 crore. Meanwhile, the repayment tenure for self employed is 20 years and for salaried is 25 years. 

  2. HSBC Home Loan Features:

    • Provision of home loan for amounts ranging up to 30 crores
    • The maximum loan tenure is up to 25 years 
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EMI Calculator

Loan Amount

Rate of Interest

%

Loan Tenure (Years)

Years

Monthly EMI

21,617

Principal Amount

25,000,000

Interest Amount

23,000,000

Total Amount Payble

47,000,000

Interest Amount

Principal Amount

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5/5

Hi, The new feature on Loan Bazaar Website, providing the facility to view the Home Loan Amortization Schedule is really wonderful. This will actually reduce paper wastage, telephone calls to be made and the waiting time for receiving the revert from Banker. It is quite an innovative move. Keep it up! Happy Diwali to one and all!

Shivam Sharma

5/5

Was struggling to get loan for my home from last 3 months, suddenly one day I found Loan Bazaar on google who is one of the most well known DSA for home loan. They offered me doorstep service and with the limited paper work, they santioned my loan within 7 days. Thanks to Loan Bazaar.

Aruna Kate

5/5

I work for an MNC financial services company in the customer service department and I must say that Loan Bazaar has one of the most user friendly website and EMI Calculator. Well done! In an endeavour to automate, My first visit to the website has been a pleasurable one!

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Dr.Abhijeet Kumar

5/5

I recommended their services to a friend of mine, and the services given were excellent. Very professional team, with polite and helpful approach. Highly recommended

Jayesh Shah

5/5

Hi, The new feature on Loan Bazaar Website, providing the facility to view the Home Loan Amortization Schedule is really wonderful. This will actually reduce paper wastage, telephone calls to be made and the waiting time for receiving the revert from Banker. It is quite an innovative move. Keep it up! Happy Diwali to one and all!

Shivam Sharma

5/5

Was struggling to get loan for my home from last 3 months, suddenly one day I found Loan Bazaar on google who is one of the most well known DSA for home loan. They offered me doorstep service and with the limited paper work, they santioned my loan within 7 days. Thanks to Loan Bazaar.

Aruna Kate

5/5

I work for an MNC financial services company in the customer service department and I must say that Loan Bazaar has one of the most user friendly website and EMI Calculator. Well done! In an endeavour to automate, My first visit to the website has been a pleasurable one!

Yash Sharma

5/5

Loan Bazaar Team’s commitment shown on the job are enthusing. I had opted for a switch over on HL recently and been able to get best possible attention and faster clearance over my request. Kudos Loan Bazaar…

Babu Patil

5/5

A very helpful and a very patient team . My special thanks to Mr.Jitendra Sharma and Ms.Kanchan for their support . Dont worry about loan just contact this team they have solution for all .Once again thank you all

Dr.Abhijeet Kumar

5/5

I recommended their services to a friend of mine, and the services given were excellent. Very professional team, with polite and helpful approach. Highly recommended

Jayesh Shah