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Home Loans for Business
Home Loans for Business
Running your own business has given you among other key skills, the ability to make good investment decisions. Here is a simple investment decision you can make. Choose a home for your family and take a home loan from us. You will provide a good home for your loved ones, and at the same time make a good investment. If your business is a private limited company or a partnership, you can also enjoy tax benefits on actual interest paid.#
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Features & Benefits
Choose a suitable loan amount
Loan amounts range from Rs. 200,000 to Rs. 20,000,000*
Option to choose the interest type you want
Fixed or floating interest rates, with the flexibility to change once every year without any penalty charges.
Choose a loan tenure convenient to you
Loan can be take for up to 15 years.
Prepay the loan at your convenience
Flexibility to prepay up to 25% of your loan every year, after the first 6 months without any pre-payment charges.
Enjoy the special treatment from HSBC
If you are a HSBC customer for 6 months or more, you are entitled to a special relationship discount on the processing fee.
Attractive option to transfer your existing home loan from another bank
If your business is a private limited company or a partnership and the property is used for such business, interest on loan should be generally fully tax deductible, as compared to that for individuals where the deduction is generally available only upto a maximum of Rs. 150,000. #
*Rs. 20,000,000 for Mumbai and New Delhi applicants only. Rs. 10,000,000 for applicants from other cities.
# Income tax rules are subject to change in government policy. Please consult your tax advisor on the same.
Loans are available for applicants residing in and around and properties in and around the limits of the cities where HSBC has branches and the same is subject to change from time to time. All loans are subject to terms and conditions and are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited (HSBC), India.
Home Loan for Business is currently available only in the following locations; Mumbai, Pune, Kolkata, Hyderabad, Bangalore, Chennai, New Delhi, Jaipur and Chandigarh.
