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 

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

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.

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.

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

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

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.

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.

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.

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.

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