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Loan Against Property
Loan Against Property
The important thing is to dream. For when you have a dream, the next challenge is in achieving it. HSBC Loan Against Property makes sure nothing comes in the way of fulfilling that dream.
So go on, while you make your plans, allow us to make sure they reach their heights.
Know more
Features & Benefits
Loans up to Rs. 3 crores *
Tenor of upto 15 years
Simple documentation
Attractive interest rates
Loan transfer
You can also transfer your existing loan against residential property from another bank to HSBC.
Exclusive banking privileges
Along with your Loan Against Property account, get access to an HSBC PowerVantage account, with the following benefits:
- Personal Financial Review (PFR) services
- Unlimited free transactions at over 15,000 HSBC and non-HSBC VISA ATMs in India, with your PowerVantage debit card
- Dedicated service desks at branches
- Higher cash withdrawal limit of up to Rs. 50,000 and funds transfer upto Rs. 100,000
Fees & Charges
Processing fees
A processing fee of 1% or Rs. 10,000 will be applicable, whichever is higher.
Pre-payment charges
There will be no pre-payment charges upto a maximum of 25% of your outstanding loan, once, every financial year.
A pre-payment charge of 4% shall be levied for amount in excess of 25%.
Note:
* Rs. 2,00,000 to Rs. 3,00,00,000 for applicants in Mumbai, New Delhi (NCR) and HSBC Premier customers. Rs. 2,00,000 to Rs. 1,50,00,000 for applicants of Bengaluru, Chennai and Pune.
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 7% effective from July 01, 2010.
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 13.75% effective from July 03, 2009.
For further details on the Base Rate and it's impact on your floating rate loan, please refer to the FAQs.
Currently Loan Against Property is available in Mumbai, Pune, Delhi (NCR), Bengaluru and Chennai only and is subject to change from time to time. Terms and Conditions apply.
Terms and conditions apply. All loans are 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, Pune, 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.
