On your journey to buying your dream house, carrying sufficient funds is a crucial aspect and that is why housing loans exist. HSBC bank Smart home loan is one of the best options out there that is provided to back the financial requirements ranging from Rs 3 lacs to Rs 10 crore. The bank offers housing loans at pocket friendly interest charges that begin at 7.35% per annum. HSBC home loans are available for easygoing repayment tenure options that last up to 25 years and the loan is availed to the salaried, self employed individuals and professionals. Let us move ahead to the section and know more about the HSBC housing loan.
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Loan Amount |
From Rs 3 lacs to Rs 10 crore |
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Interest Charges |
Starts at 7.35% per annum |
|
Processing Fees |
Up to 1% of the loan amount plus applicable taxes (or Rs 10,000) |
|
Tenure |
Up to 25 years |
|
Prepayment Charges |
NIL on floating rate 3% of the outstanding principal on fixed rate |
From affordable rate of Interest to sound-good repayment period options, we have listed here the major features offered by HSBC home loan:
HSBC bank housing loan comes with a financial solution for you to give your dream home a reality. You can count on this loan to make the purchase of a new house or flat, purchase of a house that is under construction and for home improvement, repairs or extension.
The HSBC loan amount offered starts at Rs 3 lacs and goes up to Rs 10 crore. You must note your eligibility profile, repayment track and not to forget, requirements are some of the determinants of the home loan amount you are eligible to avail.
HSBC bank Smart home loan interest rates start at 7.35% per annum for borrowers with the salaried profile. The rates start at 7.45% for self employed individuals and professionals.
You must be aware that the housing loan interest rates are determined by a bunch of keypoints such as the loan repayment tenure, your profile, your relationship with the bank etc.
HSBC bank Smart housing loan repayment tenure options go up to 25 years for salaried individuals and 20 years for other types of loan borrowers.
You can opt to close your HSBC Smart home loan early. The lender does not charge any foreclosure charges in case of loan at floating rate of interest.
The lender charges 3% of the principal outstanding that is paid in case the loan amount is above 25% of the total home loan amount. In case the amount is less than 25% of the total loan, the bank does not charge any fee.
We have mentioned below all the HSBC bank home loan eligibility requirements that you have to meet in order to be able to get the home loan. This eligibility criteria involves factors such as your age, employment status etc.
Here is the HSBC Smart home loan eligibility criteria that you must ensure:
Here, we have mentioned the basic documents for HSBC bank Smart home loan that you will need to present along with your housing loan application:
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Documents |
Salaried Applicants |
Self Employed Applicants |
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Identity Proof |
Aadhar Card, Voter’s ID Card, Passport, Driving Licence |
Aadhar Card, Voter’s ID Card, Passport, Driving Licence |
|
Address Proof |
PAN Card, Voter’s ID Card, Passport, Driving Licence, Utility Bills such as Electricity, Telephone, Water Bills |
PAN Card, Voter’s ID Card, Passport, Driving Licence, Utility Bills such as Electricity, Telephone, Water Bills |
|
Income Proof |
Salary Slips, Bank Statements, Form 16 |
Balance sheet and profit and loss account, IT Returns, Business Proof |
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Other Documents |
Passport-size Photographs, Duly Filled Application Form, Any Other Documents Required by the Bank |
Passport-size Photographs, Duly Filled Application Form, Any Other Documents Required by the Bank |
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BANKS |
INTEREST RATE |
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7.75% to 9.40% |
|
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6.95% onwards |
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6.95% to 7.50% |
|
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7.40% to 9.70% |
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9.60% to 10.55% |
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7.34% to 8.29% |
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6.95% to 8.05% |
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Starting at 8.71% |
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7.80% to 8.80% |
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9.75% to 10.05% |
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8.00% to 15.00% |
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6.85% to 7.75% |
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6.85% to 7.755 |
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6.90% to 8.90% |
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7.55% to 8.40% |
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Starting at 7.00% |
It is best that you know the payable amount of your HSBC Smart home loan EMI. You can make use of this tool to help establish the monthly budget as well as consider the loan repayment term options. In order to use the home loan EMI calculator, you can go to the official website of the bank.
For a faster way to calculate your home loan EMI, it is recommended that you use BankSathi home loan calculator. All you have to do is input the required home loan amount alongside the total repayment term (months or years) and rate of interest. The tool will fetch you the monthly as well as the yearly calculation of your home loan.
You can apply for HSBC home loan online or offline. Below mentioned are the ways to do that:
In order to apply for HSBC bank home loan offline, you can go to the nearest HSBC bank branch. When visiting the bank, make sure that you take all the HSBC home loan application documents that you are required to submit with the application. The bank representative will help you with required assistance regarding your HSBC housing loan application.
Here are the easy steps to apply for HSBC bank Smart home loan:
HSBC Bank Customer Care Number
You have to dial the following HSBC home loan customer care numbers in case of any further assistance, query or grievance regarding the HSBC loan:
1800 266 3456, 1800 120 4722
HSBC bank Smart home loan interest rates start at 7.35% per annum for borrowers with the salaried profile. The rates start at 7.45% for self employed individuals and professionals.
The HSBC bank Smart home loan comes with a processing fee of 1% of the total loan amount (or 10,000) plus applicable taxes.
If you want to apply for a HSBC home loan balance transfer, then you can visit the official website of the bank. Apart from that, you can navigate to the nearest branch of HSBC bank.
Yes. The lender does offer housing loans to Non Resident Indians (NRIs). However, they require the NRIs to apply for this loan with a co-applicant who is a resident Indian.
The HSBC Smart home loan repayment tenure ranges up to 25 years for salaried borrowers and up to 20 years for borrowers who are self employed or professionals.
The bank charges part prepayment of 3% of the principal outstanding paid, if the amount is above 25% of the total amount. If the amount paid is less than 25%, then the bank charges no part prepayment fee.
The HSBC Smart home loan processing charged by the bank is 1% of the loan amount plus applicable taxes.
Last Updated on : 07/May/2021Know More About
You're eligible for a Hsbc Bank Smart Home Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
| Hsbc Bank Smart Home Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 7.35% - 11.5% |
| Processing Fees | 1% |
| Loan Tenure | 1 year to 25 years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Home Loans EMI Calculator