Home Loan

Our classic home loan product with competitive cost saving rates
  • Loan up to ₹10 crores
  • Maximum tenor up to 25 years

Interest Rates

Floating rate. Speak to a relationship manager for more details.
8.85% p.a.
Salaried
8.95% p.a. 
Self-Employed

Smart Home

With HSBC you can raise funds easily against your residential property
  • A home loan that enables you to save on interest payments and thereby reduce tenure of the loan
  • Loan up to ₹10 crores
  • Maximum tenor up to 25 years

Interest Rates

Floating rate. Fixed rates are not offered for Smart Home
9.05% p.a.
Salaried, with commitment fee. 9.40% p.a. (without commitment fee)
9.15% p.a.
Self-Employed, with commitment fee. 9.50% p.a. (without commitment fee)

Loan Against Property

With HSBC you can raise funds easily against your residential property
  • Loan up to ₹10 crores
  • Maximum tenor up to 15 years

Interest Rates

9.80%  p.a.
Standard rate

Smart Loan Against Property

Raise funds against your residential property with Smart Loan Against Property (SmartLAP) from HSBC.
  • A loan that enables you to save on interest payments and thereby reduce tenure of the loan
  • Loan up to ₹10 crores1
  • Tenure up to 15 years

Interest Rates

9.95 % p.a.
Salaried and Self Employed with commitment fee.
10.20% p.a.
Salaried and Self Employed without commitment fee.

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 tenor 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

Key information
Here are a few important terms about our mortgage facility you should know.

Loan Agreements

Legal Kits – For Properties at Maharashtra, Gujarat & Tamil Nadu

Legal Kits – For Properties at States other than Maharashtra, Gujarat & Tamil Nadu

Important Information

Terms & Conditions

1 The minimum and maximum loan is dependent on city of property and property type.

NON–UTILIZATION COMMITMENT FEE (Applicable for Smart home loan & 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 ₹2,00,0000 and limit defined as 25% i.e. ₹500,000 In this scenario if the fund in the SCF account is ₹600,000, then the non-Utilization fees/Commitment fee of 1% will be charged on ₹100,000.

(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: 
AAACT2786P

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.