|a.||Minimum Net Income (Rs.)||5, 00,000 p.a (salaried)7
7, 50,000 p.a (self-employed)
|b.||Minimum Age (in years)||21|
|c.||Maximum Age (in years) on maturity of loans||58 (salaried)
60 (public limited/government employees)
|d.||Minimum Loan Amount (Rs.)||300,0008|
|e.||Maximum Loan Amount (Rs.)||10,00,00,0008|
|f.||Maximum Tenure (in years)||20 years. For salaried applicants 25 years.|
You would need to insure your property with an insurance company against loss by fire, earthquake, floods and other damages with The Hongkong and Shanghai Banking Corporation Limited, India, as the beneficiary.
All documents need to be self-attested.
The above PI and PRA is an indicative list and final documents acceptable are based on HSBC's policy as applicable at the time of application of the loan. For more details, you can speak to your Relationship Manager (RM) or visit the nearest branch.
If the address on the document submitted as PI by the prospective customer is the same as that declared by him/her in the Application form, the document may be accepted as a valid proof of both PI and PRA. If the address indicated on the document submitted for PI differs from the address mentioned in the Application Form, a separate proof of PRA should be obtained.
All documents need to be self attested
Listed below are the basic documents required, for more details please speak to your Relationship Manager or visit the nearest HSBC branch.
Self-employed individuals/ partnership firm (loans will be extended in favour of partners)/ Private Limited companies(loans will be extended in favour of Directors) Loans can be extended to partner(s)/ director(s) of a firm/company where the firm/ company can be taken as co-applicant.
Consultant / Self-employed Professional
All loans are subject to terms and conditions and are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC). Currently Home Loan is available to applicants and for properties in and around the city limits of (sourcing cities) Mumbai, New Delhi (NCR), Bengaluru, Pune, Chandigarh, Jaipur, Ahmedabad, Chennai & Hyderabad and are subject to change from time to time.
7 To meet the minimum income criteria, income of two salaried applicants can be clubbed.
8 The minimum and maximum loan depends on city of property and property type. Loan amount of Rs. 5,00,000 to Rs. 10,00,00,000 for ready and under-construction properties in Mumbai, New Delhi (NCR). Rs. 3,00,000 to Rs. 7,50,00,000 for ready and under construction properties in Bengaluru, Chennai, Pune, Ahmedabad, Chandigarh, Jaipur and Hyderabad. Rs. 3,00,000 to Rs. 3,00,00,000 for purchase of plot of land in Mumbai and Delhi. Rs. 3,00,000 to Rs. 3,00,00,000 for purchase of plot of land in Bengaluru, Chennai, Pune, Ahmedabad, Chandigarh, Jaipur and Hyderabad. Rs. 3,00,000 to Rs. 1,00,00,000 for self-construction loan and Rs. 3,00,000 to Rs. 25,00,000 for home improvement loans for properties in all sourcing cities. For HSBC Premier customer maximum loan amount of Rs. 10,00,00,000 for all sourcing cities for ready and under construction properties. The minimum agreement and market value of the property to be funded for Mumbai and Delhi is Rs. 25 lakh and for all other sourcing cities is Rs. 15 lakh.
The interest rate on your floating rate loan, if disbursed on / after July 01, 2010 is linked to HSBC's Base Rate. Any revision in the Base Rate would impact your interest rate. The Base Rate is 9.70% p.a. effective from September 01, 2014.
The interest rate on your floating rate loan if disbursed prior to July 01, 2010 is linked to HSBC's Retail Lending Rate (RLR) and any revision in the RLR would impact your interest rate. The RLR is 16.95 % p.a. effective from September 2, 2014.
For further details on the Base Rate and it's impact on your floating rate loan, please refer to the FAQs, click here.
The Most Important Terms and Conditions (MITC) are displayed on the website for your reference. A copy of the same is also available at our Branches. Click here to view
Please be advised that applicable Indirect Taxes including service tax and cess would be recovered on all our fees and charges and any other amount liable to tax under prevailing Indirect Tax Laws. Please click here for service tax details service tax details
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