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Home Loans

Transfer your existing Home Loan to HSBC with interest rate starting at 8.50% p.a. T&Cs apply.

Switch to HSBC

Save more on EMIs or reduce your loan tenure by transferring your Home Loan to HSBC.

  • Interest rates starting at 8.50% (floating rate loans)
  • Reimbursement of franking fee on loan documentation up to 0.30%* of loan amount
  • Top-up of up to 50% at the same rate

Home Loan

Our classic home loan product with competitive cost saving rates
  • Loan up to INR 600,000,0001
  • Maximum tenure up to 25 years

Interest rates

Floating rates. Speak to a relationship manager for more details.
8.75%
Salaried
8.85%
Self-employed
Fixed rates. Speak to a relationship manager for more details.
13.25% p.a.
Salaried + 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 INR 600,000,0001
  • Maximum tenure up to 25 years

Interest rates

Floating rates. Speak to a relationship manager for more details.
9.00% p.a
Salaried, with commitment fee. 9.15% p.a. (without commitment fee)
9.10% p.a
Self-employed, with commitment fee. 9.25% p.a.(without commitment fee)

Loan Against Property

With HSBC you can raise funds easily against your residential or commercial property
  • Loan up to INR 600,000,0001
  • Maximum tenure up to 15 years

Interest rates

Floating rates. Speak to a relationship manager for more details.
9.45% p.a.
Standard rate
Fixed rates. Speak to a relationship manager for more details.
 14.00% p.a.
Salaried and Self-employed

Smart Loan Against Property

Raise funds against your residential or commercial 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 INR 600,000,0001
  • Tenure up to 15 years

Interest rates

Floating rates. Speak to a relationship manager for more details.
9.60% p.a.
Salaried and Self-employed with commitment fee.
9.75% p.a.
Salaried and Self-employed without commitment fee.

NRI Home Loans

An investment option, a dream house for your family or your own summer holiday haven - with HSBC NRI Home Loan, you can fulfil your dream of owning a property in India.
  • Get home loan up to INR 600,000,0001
  • Enjoy flexibility of tenure up to 25 years
  • Get loans for purchase of ready-to-move properties and approved under-construction properties
  • Transfer your existing home loan to HSBC to reduce Equated Monthly Installment (EMI) or your loan tenure through HSBC's Balance Transfer proposition
  • Enjoy HSBC Premier2 globally by availing a Home Loan greater than INR11,500,000
  • Enjoy zero repayment and foreclosure charges

Attractive interest rates starting at

8.50% p.a.*

Fixed rates.

13.25% p.a.

Visit 'fees and charges page' for more details.

 

For further details, please reach out to your Relationship Manager.

NRI Loan Against Property (LAP)

Make the most out of your property in India. With HSBC's Loan Against Property (LAP) for NRIs, you can raise funds against your residential or commercial property in India whether it's for consolidating debts, looking for better opportunities, your child's education or any other personal/business needs.
  • Get loan against property up to INR 600,000,0001
  • Enjoy flexibility of tenure up to 15 years
  • Transfer your existing Loan Against Property (LAP) to HSBC to reduce EMI or the loan tenure through HSBC's Balance Transfer proposition
  • Enjoy HSBC Premier2 globally by availing a LAP greater than INR11,500,000
  • Enjoy zero prepayment and foreclosure charges

Attractive Interest Rates starting at

9.45% p.a.*

Fixed rates.

14.00% p.a.

Visit fees and charges page for more details.

 

For further details, please reach out to your Relationship Manager.

Sustainable Mortgages

We are committed for a net zero future and every step counts when it comes to taking care of our Planet Earth and protecting its environment. Now, when you opt for a certified sustainable residential property, you can get the additional benefits by choosing ‘Sustainable Mortgage’

  • Get home loan up to INR 600,000,0001
  • NIL Processing Fees
  • Reimbursement of franking fee on loan documentation up to 0.30%* of loan amount

Attractive Interest Rates starting at

8.40% p.a.*

Properties are certified as 'sustainable' by the following authorities:

  • Green Rating for Integrated Habitat Assessment (GRIHA)- 4 STAR and 5 STAR
  • Indian Green Building Council (IGBC)- IGBC Platinum and IGBC Gold

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.

Loan agreements

Legal Kits – For properties in Maharashtra, Gujarat and Tamil Nadu

Legal Kits – For properties in states other than Maharashtra, Gujarat and Tamil Nadu

Important information

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.

Terms and Conditions

*The mentioned floating rate of interest is being offered for Home Loans. The rate applicable for other variants (Smart Home Loan. Loan against Property and Smart Loan against Property) will be at a premium. This rate is applicable only for Balance Transfer/Balance Transfer + Top-up up.

  • Top-up up to 50% of base loan at same rate as base loan rate
  • Top-up of more than 50% of the base loan will attract a premium of up to 50 bps above the base loan rate

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

2Effective October 01, 2024 – Mortgage (Home Loan/ Loan again Property) customers availing a loan greater than INR11,500,000 (Rupees one crore fifteen lakh only) or more will be granted Premier status. They will need to meet the Total Relationship Balance (TRB) criterion of INR4,000,000 (Rupees forty lakh only) within 12 months of first disbursement date to retain Premier status. Click here for HSBC Premier accounts’ detailed terms & 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: 
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.

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