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Home Loan / Property Services for NRIs
Home Loan
Getting a Home ... and a Home Loan
India is where your heart really is and as an NRI you have always dreamt of owning a property back home. So whether it's buying a palatial house in your hometown or an apartment in an upcoming location; a luxury home for your family or investing for your future??.getting a home is always a big decision.
HSBC India offers a complete bouquet of products and services that assist you throughout. The entire journey of property search and identification, broker assistance and availing of a home loan#, even whilst you are miles away from India
Our Services include:
Home Loan – Loans ranging from INR 5 Lakhs to INR 5 Crore*
Smart Home Loan – Save upto 50% interest payments
Click here for detailed Terms and Conditions on Property Assistance Service.
Disclaimers:
This 'Property Assistance Service' (Service) is provided by the empanelled real estate brokers(Service Provider) of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India) whose details are available on www.hsbc.co.in (Website) to the users of the said Website for availing information regarding residential units within 5 cities in India namely New Delhi (NCR), Mumbai, Pune, Bengaluru and Chennai. This Service will be available for properties in India only.
This Service does not constitute investment advice or a solicitation of an offer to purchase or subscribe for the Service. HSBC will not be held responsible for any delay or disputes in respect of the Service. All disputes in this regard should be taken up by the User with the Service Provider directly.
Eligibility
To qualify for a HSBC Home Loan, the following criteria apply
| a. | Net Income (Rs.) | 5, 00,000 p.a (salaried) 7, 50,000 p.a (self-employed) |
| b. | Minimum Age (in years) | 21 |
| c. | Maximum Age (in years) | 58 (salaried) 60 (Public limited/Government Employees) 65 (self employed) |
| d. | Minimum Loan Amount (Rs.) | 500,000 |
| e. | Maximum Loan Amount (Rs.) | 5,00,00,000* |
| f. | Maximum Tenor (in years) | 25** |
Documentation
Salaried NRI Applicants
- Copy of valid passport showing VISA stamps
- Copy of valid visa / work permit / equivalent document supporting the NRI status of the proposed account holder
- Latest contract copy evidencing Salary / Salary Certificate / Wage Slips
- Overseas Bank A/C for the last 3 months showing salary credits
Self Employed NRI Applicants
- Trade license or equivalent document
- 6 months overseas bank account statement and NRE/ NRO account
- Computation of income, P&L account and Balance Sheet for last 3 years certified by the C.A. / CPA or any other relevant authority as the case may be (or equivalent company accounts)
- Passport copy with valid visa stamp
- Brief profile of the applicant and business
Note:
NRI Applicants must have a local co-applicant or a local contact person. All joint owners of the property would necessarily have to be co-applicants and would need to sign all loan documents.
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 August 02, 2011.
For further details on the Base Rate and it's impact on your floating rate loan, please refer to the FAQs.
*Rs. 5,00,00,000 for applicants in Mumbai, New Delhi (NCR) and HSBC Premier customers.
Rs. 3,00,00,000 for applicants of Bengaluru, Chennai and Pune.
**For NRI professionals the maximum tenor is 20 years.
#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, Pune, New Delhi (NCR), Bengaluru and Chennai and are subject to change from time to time.
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