From 01 October 2019, all new mortgages (Home Loan & Loan Against Property) will be benchmarked to HSBC’s Repo Linked Lending Rate (RLLR). HSBC’s RLLR is linked to RBI published Repo Rate.
Maximum tenure up to 25 years
A home loan that enables you to save on interest payments and thereby reduce tenure of the loan
Maximum tenure up to 25 years
Loan Against Property
Maximum tenure up to 15 years
Smart Loan Against Property
A loan that enables you to save on interest payments and thereby reduce tenure of the loan
Tenure up to 15 years
MyHome (Discontinued Product)
The HSBC MyHome product is no longer being offered to customers. Information is for the reference of existing MyHome customers only.
MyHome Loan Features
MyHome lets you change your Equated Monthly Instalment (EMI) every year over the tenure of your loan, depending on your financial needs. Every year, you can decide to pay an Equated Monthly Instalment (EMI) that is either 15% higher or lower than the regular Equated Monthly Instalment (EMI).
The option to change your Equated Monthly Instalment (EMI) up to 15% higher or lower is not available in the last Equated Monthly Instalment (EMI) year. One can pay higher Equated Monthly Instalment (EMI) from the 13th Equated Monthly Instalment (EMI) month onwards (i.e. from the first Equated Monthly Instalment (EMI) month in the 2nd year).
To review your account and change your Equated Monthly Instalment (EMI), kindly reach out to your nearest HSBC Branch or your Relationship Manager.
Key things you should know
Here are few Important terms governing our mortgage facility that you should know.
Legal Kits – For properties in Maharashtra, Gujarat and Tamil Nadu
Legal Kits – For properties in states other than Maharashtra, Gujarat and Tamil Nadu
Eligibility and Documentation Criteria
Terms and Conditions
Non-utilization commitment fee (Applicable for Smart home loan and Smart LAP only)
Up to 1% fees on amount above 25% of the SCF (Smart Credit Facility including Home Loan and LAP) sanctioned amount.
In the event if the Excess Funds in the SCF account are more than 25% of the SCF sanctioned Amount ('Threshold limit'), then the Bank may at its sole discretion charge a Non-utilization fee /Commitment fee of 1% p.a. on the balance amount maintained over and above the Minimum Threshold.
Example – If non- utilization/Commitment fee fees is 1%, original sanctioned SCF amount is INR2,00,0000 and limit defined as 25% i.e. INR500,000 In this scenario if the fund in the SCF account is INR600,000, then the non-Utilization fees/Commitment fee of 1% will be charged on INR100,000.
(This is for illustration purpose only)
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, Jaipur and Hyderabad and are subject to change from time to time.
Name of the lender:
The Hongkong and Shanghai Banking Corporation Limited, India
Address of the lender:
52/60, M.G.Road, Fort, Mumbai - 400 001
PAN of the lender:
Please be advised that applicable Indirect Taxes would be recovered on all our fees and charges and any other amount liable to tax under prevailing Indirect Tax Laws.
Please note that basis Goods and Services Tax (GST) regulations and notified GST rates, Central GST, State/Union Territory GST, or Inter-State GST, as applicable, and Cess as applicable would apply on our fees and charges.