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Home Loan
HSBC Home Loans
Nothing would delight us more than to help you buy your dream home. HSBC Home Loans make it easier for you to move in as soon as possible without putting a strain on your wallet. Your dream home is closer than you think. Apply for a home loan today.
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Home Loan Features & Benefits
Your dream home, a reality
Loan requirement - We offer you loans ranging from Rs. 5 lakhs upto Rs. 5 crore*
Property types - We offer loans to Resident Indians and NRIs for ready property, self-construction and home improvement.
Loan tenure - Loans are available for tenures upto 25 years **.
Flexibility, savings... more!
Home Loan repayment options - Choose between fixed and floating rate home loans. You also have the option of switching from a floating rate home loan to a fixed rate home loan once a year at no extra cost. ***
No penalty option - You can opt to pre-pay up to 25% of your loan every year. Pre-payment is permitted after a minimum of 6 months following loan disbursal.
Tax benefits - Resident Indians are eligible for certain tax benefits on principal and interest components of a housing loan under the Income Tax Act, 1961.#
* Rs. 5,00,000 to Rs. 5,00,00,000 for applicants in Mumbai, New Delhi (NCR) and HSBC Premier customers. Rs. 5,00,000 to Rs. 3,00,00,000 for applicants of Bengaluru and Rs. 2,00,000 to Rs. 3,00,00,000 for applicants of Chennai.
** For salaried customers only.
*** Switching between a fixed rate home loan to a floating rate home loan is possible only after having completed the period for which the fixed rate was chosen.
# Please consult your tax advisor/C.A. for specific details.
The interest rate on your floating rate Home loan is linked to HSBC's Retail Lending Rate (RLR) and any revision in the RLR would impact your interest rate. The RLR is 13.75% effective from July 03, 2009.
Terms and conditions apply. All loans at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India. Loans available for applicants and properties in and around the city limits of Mumbai, New Delhi (NCR), Bengaluru and Chennai and are subject to change from time to time.
Please be advised that vide Notification No. 8/2009 - ST dated February 24, 2009, a service tax of 10% + 2% education cess + 1% secondary and higher secondary education cess thereon will be applicable on our fees and charges. Please click here for Service Tax details.
