HSBC Bank Smart Home Loan: Interest Rate, Eligibility, Processing & Customer Care

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HSBC BANK SMART HOME LOAN

HSBC Bank Smart Home Loan Details 

The full form of HSBC Bank is Hongkong and Shanghai Banking Corporation. HSBC Bank firstly opened in Hongkong on 31st March 1865 and in Shanghai one month later. It is one of the largest banks. HSBC is a multinational bank and finance services company has around 4000 offices in 70 countries.

HSBC Bank Smart home loan is a home loan that enables you to save on interest payments and thereby reduce tenure of the loan. Buying a home is one of the most important decisions in life for people across the world. Here, we talk about all the things above that are quite normal but there is a change in it, now everyone has to get a home loan with ease..You all think that “how it is possible? To overcome this issue HSBC Bank came with an exciting opportunity i.e. HSBC Bank Smart Home Loan.

Benefits of HSBC Bank Smart Home Loan

1. Indian resident and NRIs can avail this loan

2. The Property types included Ready, under construction, purchase a plot of land, improvement of house or self construction

3. Loan tenure upto 20 for self employed and 25 years for salaried employees

4. Avail a home loan range of Rs.5 lakh to Rs.10 crore

5. You will get actress of this account through a cheque book, debit card and internet banking

Fee and Charges of HSBC Bank Smart Home Loan 

To apply for a home loan you have to pay fees and charges applied by the HSBC Bank Smart Home Loan. It covers all charges and fees made by a bank to their customers.The following charges are taken from HSBC Bank i.e processing fee, late payments of EMIs, cheque dishonour charges, prepayment / foreclosure charges etc.

TYPE 

CHARGES

Processing fee 

1% of the loan amount sanctioned or Rs.10000 whichever is higher plus applicable taxes

Prepayment charges 

NIL

Copy of property documents 

Rs.500

Delayed interest on account of cheque 

Rs.250 per instance

Eligibility Criteria for HSBC Bank Smart Home Loan 

Before applying for a home loan from  HSBC Bank you should fulfil all basic eligibility criteria as prescribed by the bank. For the HSBC Bank Smart Home Loan application the salaried and self employed individuals are eligible to take a loan. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.

ELIGIBLE 

Salaried and self employed individuals 

AGE 

For salaried = 21 years to 58 years 

For public ltd / government employees = 21 years to 60 years 

For self employed ; 21 years to 65 years 

INCOME

For salaried = Rs.500000

For self employed = Rs.750000

NATIONALITY

Indian Resident and NRIs

Documents Required for HSBC Bank Smart Home Loan 

Any applicant who is going to avail a home loan must have to submit the following documents. These documents are the requirements for the lenders who are providing you the amount of loan.

1. Fully filled signed application form 

2. Passport size photograph

3. ID Proof : Aadhaar Card, PAN Card, Driving License, Passport, Voter identification, Employment id

4. Address Proof : Aadhar Card, Rental agreement, Voter id, Driving license, Passport, Employment id 

5. Income Proof : For salaried employees = 3 months salary slip, last 2 years ITR Return or form 16, Bank statement for last 2 months showing that the salary has been credited

6. For Self employed individuals / professionals = 2  years ITR return, Profit & loss account and Balance sheet computation with CA seal and sign, Bank statement for the last 6 months.

Compare other bank home loan interest rates 

BANKS 

INTEREST RATE

AXIS Bank Asha Home Loan

Starts at 10.05% onwards 

AXIS Bank Shubh Aarambh Home Loans

Starts at 7.75% onwards

AXIS Bank Fast Forward Home Loans

Starts at 7.75% onwards

AXIS Bank Home Loan

7.75% to 9.40%

AXIS Bank Empower Home Loan

Start at 9.55% onwards 

AXIS Bank Super Saver Home Loan

8.15% to 8.30%

AXIS Bank TopUp Loan

8.90% to 9.15%

SBI NRI Home Loan

6.95% onwards

SBI Flexipay Home Loan

7.40% onwards 

SBI Privilege Home Loan

6.95% onwards 

SBI Regular Home Loan

6.95% onwards 

SBI Shaurya Home Loan

6.95% onwards 

SBI Pre-approved loan

6.95% onwards 

SBI Realty Home Loan

7.65% onwards

SBI Home Top Up Loan

7.90% onwards

SBI Bridge Home Loan

9.50% to 10.50%

SBI Tribal plus Home Loan

6.75% onwards

SBI Earnest Money Deposit

10.45% onwards

SBI Reverse Mortgage Loan

8.05% onwards

SBI CRE Home Loans

7.45% onwards 

HDFC Bank Home Loan

6.95% to 7.50%

Kotak Mahindra Bank Home Loan

7.40% to 9.70%

Yes Bank Home Loan

9.60% to 10.55%

Citi Bank Home Loan

7.34% to 8.29%

ICICI Bank Home Loan

6.95% to 8.05%

Standard Chartered Bank Home Loan

Starting at 8.71%

IDBI Bank Home Loan

7.80% to 8.80%

RBL Bank Home Loan

9.75% to 10.05%

HSBC Bank Home Loan

8.55% to 8.655

HSBC Bank Smart Home Loan

11.005 to 11.505

IndusInd Bank Home Loan

8.00% to 15.00%

Bank of Baroda Home Loan

6.85% to 7.75%

Bank of India Home Loan

6.85% to 7.755

Canara Bank Home Loan

6.90% to 8.90%

Indian Bank Home Loan

7.55% to 8.40%

Punjab National Bank Home Loan

Starting at 7.00%

How to apply for HDFC Bank Smart Home Loan

There are two ways to apply for home loans from HDFC Bank Smart Home Loan :

1. Offline method : By visiting nearest bank branch

2. Online Method :

  • First of all first visit to official website of HDFC Bank Smart Home Loan

  • In retail section go to the “loans”

  • Now click in home loan

  • After that go to “Home loan”

  • Now click on apply now and fill application form 

HSBC Bank Home Loan Customer Care 

Contact number : 18002663456 / 18001204722

Email id : info@hsbc.co.in

How to calculate EMI of HSBC Bank Smart Home Loan

The following formula is used to calculate EMI of HSBC Bank Smart Home Loan :

EMI = [PXRX(1+R)^N] / [(1+R)^N-1]

Where,

P stands for Loan Amount

R stands for Interest Rate

N stands for tenure in number of months 

Financials products offered by Bank :

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

HSBC Bank Smart Home Loan Frequently Asked Questions :

1. What is the maximum loan tenure for HSBC Bank Smart Home Loan?

The maximum loan tenure is 25 years for salaried employees and 20 years for self employed for HSBC Bank Smart Home Loan

2. How to apply for a home loan from HSBC Bank Smart Home Loan?

You can apply online or offline for a home loan from HSBC Bank Smart Home Loan.

3. What is the interest rate provided by a home loan from HSBC Bank Smart Home Loan?

The interest rate provided for a home loan from HSBC Bank Smart Home Loan Starts at 11.00% to 11.50% per annum.

4. Is, processing fee charged by HSBC Bank Smart Home Loan?

The processing fee provided by HSBC Bank Smart Home Loan is 1% of the loan amount sanctioned or Rs.10000 whichever is higher plus applicable taxes.

5. What is the minimum and maximum loan amount provided by HSBC Bank Smart Home Loan?

The minimum loan amount is Rs.5 lakh and the maximum loan amount is Rs.10 crore provided by HSBC Bank Smart Home Loan.

6. How to calculate EMI of HSBC Bank Smart Home Loan?

The following formula is used to calculate EMI of HSBC Bank Smart Home Loan is EMI = [PXRX(1+R)^N] / [(1+R)^N-1], Where, P stands for Loan Amount, R stands for Interest Rate, N stands for tenure in number of months 

7. What is the minimum and maximum age the customer is required to take a home loan from HSBC Bank Smart Home Loan?

For salaried  21 years to 58 years, for public ltd / government employees 21 years to 60 years and for self employed 21 years to 65 years age the customer is required to take a home loan from HSBC Bank Smart Home Loan.

Last Updated on : 21/Aug/2020

Know More About

Hsbc Bank Smart Home Loan

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

Hsbc Bank Smart Home Loan Interest Rates

Updated on 25 Nov 2017

Hsbc Bank Smart Home Loan Details
Interest Rate (Monthly reducing balance) 11% - 11.5%
Processing Fees 1% of the loan amount sanctioned or Rs.10000 whichever is higher plus applicable taxes
Loan Tenure 1 year to 25 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Home Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959