Usually, you need to take the following steps while applying for a HSBC Mortgage Loan: 

1. Visit the nearest branch of HSBC bank to fill the mortgage loan application form.
2. Complete the form and submit a few important documents. These include KYC, Financial, and Property 
3. The HSBC Bank will initiate mortgage loan process that includes legal and technical verification 
4. The bank determines your mortgage eligibility. Following which HSBC provides you with a sanction letter. It includes the following details 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. It is only once the documents are verified and the loan disbursement request is raised, that HSBC Bank will issue a disbursement cheque. 

A few documents that you need to submit while applying for a HSBC Mortgage Loan. They are given in tabular form below:

Apart from providing a mortgage loan at the lowest interest rate available in the market, HSBC Bank also offers you the service of a dedicated Relationship Manager or RM, to ensure that you secure a HSBC Mortgage Loan in a 100% hassle free manner. A major reason why you need to opt for a mortgage loan offered by HSBC.

After submitting the documents, HSBC Bank initiates the processing of the Mortgage Loan in about 3 to 7 working days to get it sanctioned.

It is a minimum CIBIL score of 700+ that you need to secure a Standard Chartered Mortgage Loan.

HSBC Bank provides you with a minimum mortgage loan amount of 10 Lakh and maximum Rs 40 crores.

No, it is not necessary that you need to have a co-applicant while applying for a HSBC mortgage loan. However, if you do have one it helps you in significantly improving your loan eligibility, which in turn helps you show your ‘Creditworthiness’ to your lender.

The rate of interest for XYZ Mortgage Loan is floating interest rate which is linked to RLLR ( REPO LINKED LANDING RATE) Therefore it will reused by the change every time the repo rates gets reused by the regulator.

In case you have IT returns for three financial years to show then, then chances of you being eligible for a HSBC Mortgage Loan improves significantly. Moreover, it is possible for you to secure it even if you do not have IT returns. Provided you are seeking a small loan amount and you have a good CIBIL score to prove you are ‘Creditworthy’.

After getting sanction letter, HSBC Bank will take about 7-10 working days to get the mortgage loan disbursed.

A few important details that you need to know about the HSBC Mortgage Loan are as follows:  

1. Types of HSBC Mortgage Loan:

   There are two types of HSBC Mortgage Loan. They include the following: 

   1. Normal HSBC Loan Against Property:

      This scheme is designed to help an individual fulfill either personal or business needs. 

   2. Smart HSBC Loan Against Property:

      This HSBC LAP or Mortgage Loan is offered in the form of overdraft which includes a sanctioned credit limit equal to loan amount. 

2. Benefits of taking  HSBC Mortgage Loan:

   There are few advantages that you can derive by taking a HSBC Mortgage Loan. They include the following: 

   1. Quick mortgage loan disbursement 
   2. Offers overdraft facility 
   3. Mortgage loan can be used to finance any business related funding requirement 
   4. Offers balance of transfer facility 
   5. Mortgage loan provided without the need to submit any collateral