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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. Loan Against Property from HSBC 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. 10 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 Advance* Account, with the following benefits:
- Free access to 23,500 VISA ATMs across India, with your HSBC Advance Platinum Debit Card+
- Free cheque payable at par facility
- Dedicated service desks and counters at HSBC branches in India
- Financial planning services to help you plan your financial goals
* For a Mortgage relationship where loan amount is Rs. 15 lakh or more with HSBC India.
+ The usage of the card is governed by applicable terms and conditions.
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. 5,00,000 to Rs. 10,00,00,000 for applicants in Mumbai, New Delhi (NCR) and HSBC Premier customers. Rs. 5,00,000 to Rs. 7,50,00,000 for applicants of Bengaluru, Chennai, Pune, Ahmedabad, Chandigarh, and Jaipur.
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 9.75% effective from August 02, 2011.
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 17.00% effective from August 02, 2011.
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, Chennai, Ahmedabad, Chandigarh, Jaipur and Pune only and is subject to change from time to time. Terms and Conditions apply.
All loans at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India.
Loans available for applicant and properties in and around the city limits of Mumbai, Pune, New Delhi(NCR), Bengaluru, Chennai, Ahmedabad, Chandigarh and Jaipur 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.
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