HSBC Home Loan Interest Rate, Apply 2024 – Eligibility

Hi dear readers, hope you are doing well, today we will know about How to get HSBC Home Loan, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.

If you want to take home loan from HSBC in India then this article is for you. In this article, we will know what is HSBC Bank home loan, what is the interest rate, documents, eligibility of this loan and how can we apply for this loan etc., so read this article till the end.

Home loan comes under the category of secured loan. Like other banks, HSBC Bank also provides home loan facility to the customers. HSBC home loan interest rate starts from 8.35% p.a.

You can talk to the Relationship Manager for more details about the interest rate. Under home loan from HSBC Bank, you can get an amount from Rs 3 lakh to Rs 30 crore. NRIs can also apply for this loan.

HSBC Home Loan India

Any salaried and self employed person HSBC Bank Home loan can apply for home loan. CIBIL Score It should be good because your credit history is also checked by the bank before applying for the loan.

If the customer’s income and credit score is very good then the customer is more Loan Amount Can get home loan up to Rs. You can take a home loan to build a house, buy a house or for home renovation/repair.

HSBC Home Loan To apply, the applicant must have a local co-applicant or a local contact person. The loan tenure is maximum 25 years for salaried customers and 20 years for others. Processing Fee is 1% of the loan amount or Rs.10,000. Processing fee is collected in two parts: Rs.5000 + applicable taxes. This amount has to be paid in advance while applying for the loan and the balance processing fee has to be paid before disbursement of the loan. The processing fee to be paid is non-refundable.

If you want to prepay your loan amount for the purpose of reducing your loan tenure or reducing EMI, then for this you have to HSBC Bank will have to send a written instruction to If your instruction is not received explicitly by the bank, then the bank reduces the loan amount based on the prepayment amount received in default. If you want to take advantage of personal loan of HSBC Bank, then you can click on this link HSBC personal loan You can apply for personal loan by clicking on

Key Features of HSBC Bank Home Loan

• Loan Name: HSBC Home Loan 2024
• Lender Name: HSBC Bank
• Interest Rate: Starting from 8.35% pa
• Loan Tenure: For Salaried Customers – Maximum 25 Years / For Others – Maximum 20 Years
• Loan Amount: Rs.3 lakh to Rs.30 crore
• Processing Charge: 1% of the loan amount
• Official Website: https://www.hsbc.co.in/

Interest Rate for HSBC Home Loan 2024

HSBC home loan interest rate starts from 8.35% p.a. These are the floating rates of the bank. You can also talk to the Relationship Manager for more information about the interest rate. The various interest rates of HSBC Bank home loan are as follows:

Balance transfer loan	8.35% p.a.
Salaried	8.44% p.a.
Self employed	8.54% p.a.

Just as Personal Loan before we take Personal loan interest rate Similarly, before taking a home loan, we need to know about Home loan interest rate It is necessary to have information about

If you apply for that loan without knowing the correct interest rate of the loan, then you may have to face problems at the time of repayment of the loan.

HSBC Home Loan Benefits and Features

• Home is a piece of our heaven. It is the dream of every person to have his own house. You can make your dream home come true with HSBC Home Loan.
• You can get a home loan for building or buying or renovating a house.
• HSBC Bank offers home loans to both resident and non-resident in India.
• From this bank you can get home loan from Rs 3 lakh to Rs 30 crore.
• The interest rate of the loan starts from 8.35% per annum.
• Customer can avail this loan for a maximum tenure of up to 25 years.
• To avail this home loan, you will need to insure your property against loss due to fire, earthquake, flood and other damages with The Hong Kong and Shanghai Banking Corporation Limited, India as the beneficiary.
• Facility to transfer your home loan to HSBC Bank.

Benefits of Switching Your Home Loan to HSBC

If you want to reduce your loan tenure or reduce your EMI, then you can transfer your loan to HSBC. You can get the following benefits by transferring the loan to HSBC :

• Interest rates starting from 8.35% (Floating Rate Loans)
• up to 0.3% of the loan amount
• zero processing fee
• Top-up up to 150% at the same rate

HSBC Home Loan Eligibility

You can apply for this loan only if you are eligible for this loan. You must have the following eligibility to apply for HSBC Home Loan:

• Both salaried and self employed individuals can apply for this loan.
• You can apply for a loan of minimum 3 lakh rupees and maximum 30 crore rupees.
• The minimum age of the applicant should be 21 years and maximum age should be 58 years for salaried and 65 years for self-employed.
• The minimum annual income of the salaried applicant should be Rs. 5,00,000 and the minimum annual income of self-employed person should be Rs. 7,50,000.
• Resident of India and Non-resident (NRI) both can apply for this loan.

Documents Need for HSBC Bank Home Loan

Before applying for a home loan, you should keep all your documents together so that whenever the bank asks you for documents, you can show them all the documents immediately. For more information about the documents, you can contact your Relationship Manager (RM) or at the nearest branch. To apply for HSBC home loan, you need to have the following documents:

• Filled application form with one passport size photograph.
• Proof of Identity (Any one): Passport / Election-Voter ID / Permanent Driving License / Permanent Account Number (PAN) Card / Aadhar Card
• Proof of current residential address: Passport/Election-Voter ID/Permanent Driving License/Society Outgoing Bill (Only from Registered Societies)/Electricity/Water/Telephone Bill/Gas Bill (Pipeline Connection only)/Property Tax Bill
• Domicile certificate with address issued by Municipal Corporation
• Proof of Age (Any one): Passport / Permanent Driving License / PAN Card

Required Financial/Income Documents for Resident Indian

For Salaried Person:

• 3 Months Salary Slip showing Statutory Deductions.
• Last 3 Months Bank Statement Last 3 Salary Credits |

For Self Employed Person:

• Approved IT Returns (with e-acknowledgment) for the last 2 years.
• P&L Account, Balance Sheet attested/Audited by CA and Computation of Income for the last 2 years with all annexures and Auditor’s Report.
• last 6 months.
• Partnership deed is also necessary for the partners of a partnership firm.
• Directors of Private Limited Companies additionally required: Shareholding Pattern or Memorandum and Articles of Association duly attested by a CA and List of Directors.

For Consultant / Self Employed Professional:

• Approved IT Returns (with e-acknowledgment) for the last 2 years.
• P&L Account, Balance Sheet attested/Audited by CA and Computation of Income for the last 2 years with all annexures and Auditor’s Report.
• last 6 months.

Required Financial/Income Documents for Non Resident Indian (NRI)

For Salaried:

• Copy of valid Indian passport or foreign passport/equivalent documents showing visa stamp
• Copy of valid visa/work permit/equivalent documents supporting the NRI status of the applicant account holder
• Latest annexure copy of proof of salary/salary certificate/salary slip
• Foreign bank account statement showing salary credit for last 3 months
• 3 Months NRE/NRO Account Statement
• Local bureau report for the country/region where the customer is based

For Applicants serving in Merchant Navy:

• Latest contract copy. If at ‘home port’ for more than 6 months this year, copy of future contract is required
• Latest Continuous Discharge Certificate (CDC) for 3 years employment proof
• Copy of passport for proof of identity
• last 3 months
• Local bureau report of the country/region where the customer is based (applicable if the country/region of residence is other than India)

For Self Employed:

• business license or equivalent document
• 6 months overseas bank account statement and NRE/NRO account statement
• Computation of Income, P&L Account and Balance Sheet for the last 3 years as certified by CA/CPA or any other relevant authority (or equivalent company account)
• Passport copy with valid visa stamp
• Brief description of the applicant and business in the specified format
• Local bureau report for the country/region where the customer is based

HSBC Home Loan Apply

If you fulfill all the conditions of HSBC Home Loan then you can apply online and offline for this loan. Information about the process of applying is given here:

HSBC Home Loan Online Apply

• To apply online, you must first visit the official website of this bank. hsbc.co.in
• Borrowing option on the home page of the website home loan Click on this option will appear.

• On the next page, all the information related to home loan will come in front of you.
• You have to read this information correctly.
• To apply, you have to visit this page Apply now Click on this option will appear.
• application form will open in front of you.
• submit the form by entering the requested information in the form.
• After that the bank employees will contact you and the loan process will be issued further.

How to apply offline ?

• To apply offline, you have to visit your nearest HSBC Bank branch.
• You have to contact the bank employee by going to the bank branch.
• The bank employee will provide you all the information related to the home loan.
• After that your documents will be verified.
• You have to fill a form and attach the documents with the form and submit it to the bank there.
• After filling the form, your form will be verified by the bank and the loan process will be issued further.

HSBC Home Loan Calculator

Before applying for the loan, you must calculate the EMI (Equated Monthly Installment) of your loan so that you can find out how much installment you will have to pay at the time of loan repayment. You can go to the official website of the bank Home Loan EMI Calculator With the help of this you can calculate the EMI of your loan. The EMI of the loan depends on three main factors – loan amount, interest rate and loan tenure. If you do not calculate the loan EMI before applying for your loan, then you may face difficulties at the time of loan repayment.

Home Loan Fees and charges

processing charge	1% of the loan amount or Rs.10,000
For floating rate home loan	no prepayment charges
For fixed rate home loan	to 25% of the loan amount sanctioned in each financial year: Nil For amounts above   25% of the loan amount sanctioned in each financial year : 3% of the prepaid amount

HSBC Home Loan Customer Care Number

Resident Customers	Within India	From Overseas
HSBC Premier (Toll Free)	1800 266 3456, 1800 120 4722	+91-40-61268001+91-80-71898001
HSBC Personal Banking / Credit Cards (Toll Free)	1800 267 3456, 1800 121 2208	+91-40-61268002+91-80-718988002
Business Banking#	1800 274 3211 (Toll Free)	+91-22-50166043
Retail Business Banking (RBB) – For general queries (Toll Free)	1800 419 5400, 1800 123 2979	+91-40-61268004+91-80-71898004
Retail Business Banking (RBB) – For HSBCNet queries (Toll Free)	1800 120 2210	+91-022-50323533

Conclusion:

In this article we provided full information about HSBC Home Loan. Any person who wants to take home loan from HSBC Bank can apply for home loan by reading this article.

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FAQs on HSBC Home Loan