Hong Kong and Shanghai Banking Corporation (HSBC) offers home loans to help its customers buy or build a house of their dreams. The bank, currently, offers 2 products under the Home Loan category, HSBC Home Loan and HSBC Smart Home. Each of these products has distinct features, competitive interest rates and great benefits about which we will read further.
HSBC Home Loan Interest Rate
|8.85% onwards (floating)|
|Rs. 3 lakh to Rs. 10 crore|
|Loan Tenure||For salaried customers – Upto 25 years|
For others – Upto 20 years
|Processing Fee||1% of the loan amount or Rs. 10,000, whichever is higher + applicable taxes|
|Prepayment Charges||Nil (for floating rates)|
*The HSBC Home Loan amount depends on the purpose of the loan, type of property, location of the property and also the applicant’s relationship with the bank
Note: The rates above are subject to change at the bank’s or RBI’s discretion without prior information.