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HSBC Bank Home Loan Interest Rates 2025
Updated on: Jan 21st, 2025
|
5 min read
HSBC Bank India, a subsidiary of HSBC Holdings, offers home loans with competitive interest rates ranging from 8.75% p.a. to 13.25% p.a. and loan tenures of up to 25 years. With quick processing and tools like the Home Loan EMI calculator, HSBC makes home financing easier. Regulated by the RBI under the Banking Regulation Act, HSBC ensures transparency and reliability in its home loan offerings,
Highlights of HSBC Bank home loan interest rates
HSBC Bank Home Loan Amount | Up to 80% of property value |
HSBC Bank Housing Loan Interest Rate | 8.75% p.a. - 13.25% p.a. |
Loan Tenure | Up to 25 years |
Processing Fees | 1.00% of the loan amount |
HSBC Home Loan Interest Rates
HSBC presents different interest rates for the different categories. Normally loans are sanctioned at 80% of the property value.
Types | Floating Rates | Fixed Rates | ||
Salaried | Self employed | Salaried | Self employed | |
Home loan | 8.75% p.a. | 8.85% p.a. | 13.25% p.a. | |
Smart Home | 9.00% p.a. | 9.10% p.a. | - | - |
NRI Home Loans | 8.50% p.a. | 13.25% p.a. | ||
Comparison between HSBC home loan interest rates with other banks
Banks | Home Loan Interest Rates |
State Bank of India | 8.50% p.a. to 10.45% p.a. |
Axis Bank | 8.75% p.a. to 9.15% p.a. |
Bank of Baroda | From 8.4% p.a. |
HSBC Bank | 8.75% p.a. - 13.25% p.a. |
Punjab National Bank | From 8.50% p.a. |
HDFC Bank Limited | 8.75% p.a. to 9.40% p.a. |
ICICI Bank | 9.25% p.a. onwards |
Citi Bank | From 7.45% p.a. |
LIC Housing Finance | 8.50%-10.35% p.a. |
Kotak Mahindra Bank | From 8.70% p.a. |
Federal Bank | 10.15% p.a. - 10.20% p.a. |
Features of HSBC Home Loans
- HSBC Bank Home Loans are available for both salaried and self employed.
- Home Loans granted to the age group between 21 to 65 years.
- The minimum loan amount is Rs. 3,00,000 and the maximum loan amount is Rs. 60,00,00,000
- Tenure of loan is between 5 – 25 years.
- Interest rates range from 8.75% p.a.
Eligibility Criteria
Although HSBC Bank home loan offers lots of flexibility, there are certain financial eligibility criteria on which an individual’s repayment capacity will depend.
Some of the factors are:
- Residence Status: Residents and Non-Resident Indians (NRIs)
- Category: Salaried, Self- Self-employed professional, government employees or a businessman
- Income: Minimum Net Income of Rs. 5,00,000 p.a. (for salaried) or Rs. 7,50,000 p.a. (for self-employed)
- It is 58 years for salaried applicants, 60 years for government and public limited employees and 65 years for self-employed individuals.
- Age: 21 – 58 years for salaried employees, 60 years for government employees and 65 years for self-employed.
Documents
Salaried employee | Self-Employed |
Filled up loan application form | Filled up loan application form |
2 Passport Size Photo | 2 Passport Size Photo |
Identity Proof – Passport/ Driving Licence/ Voter ID/ PAN | Identity Proof – Passport/ Driving License/ Voter ID/ PAN |
Residential Address Proof – Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport | Residential Address Proof – Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport |
Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit | Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile |
Penalties/Other Charges
In addition to the mentioned interest rates, home loan also carries the processing fee, foreclosure charges, actual charges towards valuation fee, advocate’s fee for property search, title investigation report, stamp duty and other charges that are applicable. Let’s discuss some charges in detail:
- Processing Fees: 1.00% of loan amount Maximum Rs. 10,000
- Technical and Legal Charges – HSBC Bank also charges technical and legal fees which differ with time according to the criteria.
- Prepayment Charges: If you decide to foreclose or transfer your housing loan to another bank, you need to submit an application for the same to HSBC Bank and follow RBI rules, which states nil charges on floating rate home loans.
HSBC Home loan EMI calculator
Usually, the home loan is a significant amount taken for a longer period upon which interest is levied. An important tool like HSBC Home Loan EMI Calculator helps you evaluate and plan your budget.
Similar Banks Offering Home Loan:
Lowest Home Loan Interest Rate
Yes Bank Home Loan Interest Rate
Punjab Bank Home Loan Interest Rate
IDBI Bank Home Loan Interest Rate
CitiBank Home Loan Interest Rate
Kotak Bank Home Loan Interest Rate
Axis Bank Home Loan Interest Rate
HDFC Bank Home Loan Interest Rate
Union Bank of India Home Loan Interest Rate
Central Bank of India Home Loan Interest Rate
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