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Loans - Service Charges
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.
Fees and charges are subject to change at the sole discretion of the bank.
All loans at the sole discretion of The Hongkong and Shanghai Banking Corporation
Limited, India.
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HSBC Home Loan
| Processing Charges | 1% of the loan amount applied for, subject to a minimum of Rs 10,000 plus service tax. This fee is payable on application and is not refundable. |
| For Delayed installments on account of cheque, ECS or SI (standing instruction) dishonors | Rs 250 per instance |
| Duplicate Statements | Rs 250 per statement |
| Prepayment Charges | |
| Up to 25% of the loan amount sanctioned every financial year | Nil |
| For amount in excess of 25% of the loan amount sanctioned | 3% of amount prepaid |
| Note Pre-payment is permitted after a minimum of 6 months following the loan disbursal. For processing prepayment requests, customers are required to send us a written instruction communicating their desire to prepay. The interest rate on your floating rate loans are linked to HSBC's Retail Lending Rate (RLR) and any revision in the RLR would impact your interest rate. |
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| Switching Charges | |
| From Home loans to Smart Home and vice-a-versa | 1.5% of the outstanding loan amount |
| From Fixed Rate to Floating Rate (Allowed only after completion of fixed term) | 1.5% of the outstanding loan amount |
| From Floating Rate to Fixed Rate | |
| - At the time of annual review of account | Nil |
| - Any other time during the year | 1.5% of the outstanding loan amount |
Smart Home
| Processing Charges | 1% of the loan amount applied for, subject to a minimum of Rs 10,000 plus service tax. This fee is payable on application and is not refundable. |
| For Delayed installments on account of cheque, ECS or SI (standing instruction) dishonors | Rs 250 per instance |
| Duplicate Statements | Rs 250 per statement |
| Prepayment Charges | |
| Up to 25% of the loan amount sanctioned every financial year | Nil |
| For amount in excess of 25% of the loan amount sanctioned | 3% of amount prepaid |
| Note Pre-payment is permitted after a minimum of 6 months following the loan disbursal. For processing prepayment requests, customers are required to send us a written instruction communicating their desire to prepay. The interest rate on your floating rate loans are linked to HSBC's Retail Lending Rate (RLR) and any revision in the RLR would impact your interest rate. |
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| Switching Charges | |
| From Smart Home to Home Loan and vice-a-versa | 1.5% of the outstanding loan amount |
MyHome
| For Delayed installments on account of cheque, ECS or SI (standing instruction) dishonors | Rs 500 per instance |
| Duplicate Statements | Rs 250 per statement |
| Prepayment Charges | |
| Up to 15% of the outstanding loan amount once in every financial year | Nil |
| For amount in excess of 15% of the outstanding loan amount | 3% of amount prepaid |
| Note Pre-payment is permitted after a minimum of 12 EMIs and is not allowed during interest only period. For processing prepayment requests, customers are required to send us a written instruction communicating their desire to prepay. The interest rate on your floating rate loans are linked to HSBC's Retail Lending Rate (RLR) and any revision in the RLR would impact your interest rate. |
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| Switching Charges | |
| From MyHome to Home Loan or Smart Home | 1.5% of the outstanding loan amount |
Loan Against Property / Term Loan / Education Loan / Smart Loan Against Property
| Processing Charges | 1% of the loan amount applied for, subject to a minimum of Rs 10,000 plus service tax. This fee is payable on application and is not refundable. |
| For Delayed installments on account of cheque, ECS or SI (standing instruction) dishonors | Rs 250 per instance |
| Duplicate Statements | Rs 250 per statement |
| Prepayment Charges | |
| Up to 25% of the outstanding loan amount every financial year | Nil (Allowed only once in a financial year) |
| For amount in excess of 25% of the outstanding loan amount | 4% of amount prepaid |
| Note Pre-payment is permitted after a minimum of 6 months following the loan disbursal for processing prepayment requests, customers are required to send us a written instruction communicating their desire to prepay. The interest rate on your floating rate loans are linked to HSBC's Retail Lending Rate (RLR) and any revision in the RLR would impact your interest rate. |
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Asset Link (Overdraft Against Shares)
| Annual Service Charges | 1.5% of limit. |
| Duplicate Statements | Rs 250 per statement |
| Service Withdrawal Charge | Rs 200 per scrip (Max. Rs 500 per withdrawal) |
| Unauthorized Overdraft / Overlimit | 2% over and above the applicable interest rate |
| Charge for unsuccessful execution of Standing Instruction for payment / Cheque bounce charge | Rs 250 |
| Note The above is an extract of our tariff. |
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HSBC Personal Loan
| Processing Charges | 2% of loan amount upon disbursal |
| Duplicate Statements | Rs 250 per statement |
| Charge for unsuccessful execution of Standing Instruction for payment/Cheque bounce charge | Rs 250 |
| Pre-payment charge |
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| Note The above is an extract of our tariff. |
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