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Smart Home Loan

A home loan that enables you to save on interest payments and thereby reduce tenure of the loan. Apply Now For a smart home loan

Why choose a Smart Home Loan?

Your Smart Home is operated through a Smart Home account that acts as a Current Account with an overdraft limit equal to the amount of the loan disbursed. Your Smart Home account would be your loan account.

All you need to do is to put your usual savings, in the Smart Home account. Depending on the savings you put in the Smart Home account, you can reduce the quantum of interest paid and thereby reduce the tenure of your loan.
  • Loan requirement - Loans ranging from ₹500,0001 up to ₹100,000,0001
  • Property types - Loans are available to Resident Indians and Non-Resident Indians (NRIs) for ready properties, select under construction properties approved by HSBC, self-construction and home improvement. NRI applicants must have a local co-applicant or a local contact person
  • Loan tenure - Loans are available for tenures up to 20 years and for salaried customers up to 25 years

Interest Rates

Floating rate. Fixed rates are not offered for Smart Home.
8.90% p.a.
Salaried, with commitment fee. 9.20% p.a.(without commitment fee)
9.00% p.a.
Self Employed, with commitment fee. 9.30% p.a.(without commitment fee)

Fees and charges

There are no prepayment charges for a Smart Home Loan.

Processing fee: A total of 1% of the loan amount sanctioned or ₹10,000, whichever is higher, will be applicable as Processing Fee (plus applicable taxes*). The fee will be collected in two parts: ₹5,000 + applicable taxes* is to be paid upfront along with the loan application and the balance Processing Fees amount + applicable taxes* is to be paid before disbursal of the loan. Processing Fees paid is non-refundable.

Note: For processing prepayment requests, customers are required to send HSBC a written instruction communicating their desire to prepay with their intent of wanting to reduce the loan tenure or EMI. In case no clear instruction is received to reduce loan tenure or EMI, we will by default reduce the loan tenure basis the prepayment amount received. In case excess funds/amounts are received towards the loan account without any written instructions from the customer to prepay, the amount will be credited to the Smart Home account and will impact the available balance in the account.

Read more details on the applicable fees and charges.

The security documents need to be stamped as per the local stamp duty laws, please speak to your Relationship Manager regarding the stamp duty payable on your documents.


To qualify for a Home Loan from HSBC, the following criteria apply.

  1. Minimum Net Income ₹5,00,000 p.a.(salaried)7 or ₹7,50,000 p.a.(self-employed)
  2. Minimum Age (in years) 21 
  3. Maximum Age (in years) on maturity of loans 58 (salaried), or 60 (public limited/government employees), or     65 (self-employed)
  4. Minimum Loan Amount ₹300,0001 
  5. Maximum Loan Amount ₹10,00,00,0001 
  6. Maximum Tenure (in years) 20 years. For salaried applicants 25 years


You would need to insure your property with an insurance company against loss by fire, earthquake, floods and other damages with The Hongkong and Shanghai Banking Corporation Limited, India, as the beneficiary.

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Frequently asked questions

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Important Information

Terms & Conditions

All loans are subject to Terms and Conditions and are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC). Currently Home Loan is available to applicants and for properties in and around the city limits of (sourcing cities) Mumbai, New Delhi (NCR), Bengaluru, Pune, Chandigarh, Jaipur, Ahmedabad, Chennai, Hyderabad and Kolkata; and are subject to change from time to time.

1 The minimum and maximum loan depends on city of property and property type. Loan amount of ₹5,00,000 to ₹10,00,00,000 for ready and under-construction properties in Mumbai, New Delhi (NCR). ₹3,00,000 to ₹7,50,00,000 for ready and under construction properties in Bengaluru, Chennai, Pune, Ahmedabad, Chandigarh, Jaipur, Hyderabad and Kolkata (however we do not fund under construction property in Kolkata). ₹3,00,000 to ₹1,00,00,000 for self-construction loan and ₹3,00,000 to ₹25,00,000 for home improvement loans for properties in all sourcing cities. For HSBC Premier customer maximum loan amount of ₹10,00,00,000 for all sourcing cities for ready and under construction properties. The minimum agreement and market value of the property to be funded for Mumbai and Delhi is ₹25 lakh and for all other sourcing cities is ₹15 lakh

Loan anniversary is the date and month on which the loan was disbursed. Example: If your loan was disbursed on 20 May 2012. Then every year, 20 May will be the loan anniversary.

3 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.

4 Pre Equated Monthly Instalment (Pre-EMI) means interest on the loan from the date/dates of disbursement of the loan to the date immediately prior to the date of commencement of EMI and initially at the rate indicated in the FAL and subject to change from time to time. Pre-EMI amount will be adjusted towards payment of the interest accrued on the outstanding loan amount.

5. Equated Monthly Instalment (EMI) means the amount of monthly payment consisting of principal and interest necessary to amortise the loan amount with applicable interest within such period as may be determined by the Bank from time to time.

7 To meet the minimum income criteria, income of two salaried applicants can be clubbed.

Available to both Residents as well as NRIs. 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 April 01, 2016 is linked to HSBC's 3 month Marginal Cost of Fund based Lending Rate (MCLR). Any revision in the 3 month MCLR would impact your interest rate. 

The interest rate on your floating rate loan, if disbursed on/after July 01, 2010 till March 31, 2016  is linked to HSBC's Base Rate. Any revision in the Base Rate would impact your interest rate.

The interest rate on your floating rate loan if disbursed prior to July 01, 2010 is linked to HSBC's Retail Lending Rate (RLR) and any revision in the RLR would impact your interest rate.

Change of existing Benchmark Rate from Base Rate/Retail Lending Rate to Marginal Cost of Funds based Lending Rate (MCLR).

Existing HSBC Mortgage customer who wish to link their Floating rate loans to 3 Month MCLR from their existing benchmark rates of Base Rate/Retail Lending Rate should approach their Relationship Managers or visit their nearest branch for more details.

The Most Important Terms and Conditions (MITC) For the HSBC home loan are displayed on the website for your reference. A copy of the same is also available at our Branches.

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 and State/Union Territory GST or Inter-State GST, as applicable, would apply on fees and charges with effect from 01 July 2017.

Our Centralised Registration Number is AAACT2786PST001.