HSBC Bank home loan interest rate begins from 8.50% for salaried customers and 8.85% for self-employed individuals. HSBC home loan interest rate could vary for different customers due to divergent credit score, age, earnings in a calendar year, status of employment, repayment history and respective capacities.
HSBC home loan interest rates fluctuate marginally due to different types of home loans offered by the lender in India. HSBC Bank India offers standard home loans, smart home loans, loan against property, smart loan against property, NRI home loans, NRI home loans against property and sustainable mortgages.
Home Loan Interest Rate 2023 | |
Bank/Housing Financier | Rate of Interest |
HSBC Bank Home Loan | 8.50% |
HDFC Bank Home Loan | 8.75% - 9.65% |
Kotak Bank Home Loan | 8.75% |
PNB Housing Finance | 8.50% |
Federal Bank Home Loan | 8.80% |
L&T Housing Finance | 8.65% |
IDFC Home Loan | 8.85% |
Bajaj Home Loan | 8.50% - 15.00% |
Home First Home Loan | 8.00% - 17.50% |
DMI Home Loan | 11% - 15.50% |
ICICI Home Loan | 8.75% |
SBI Home Loan | 8.50% - 10.05% |
Also Check: 1 Crore Home Loan EMI
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Almost all the banks are the same. HSBC Bank may prove to be more acceptable for one, while HDFC Bank may emerge as the first choice for the other. At the end of the day, the most suitable bank/housing financier to secure a home loan would be the entity that is offering you a home loan at the lowest possible rate of interest, processing fees and other related charges on the basis of your present credit profile.
The MCLR for HSBC Bank ranges between 8.40% and 8.85% for different repayment tenures. An MCLR of 8.40% is charged for a brief period of overnight, 8.55% for a month, 8.70% for a 3-month period, 8.80% for 6 months and 8.85% for a year.
Yes. You can apply for a home loan if the property is under construction. In such cases, the lenders disburse your home loan amount in tranches directly to the builder as per the requirements declared beforehand.
Yes. NRIs can avail home loans from HSBC Bank. For NRIs, HSBC Bank offers standard home loans and loans against property in India.
The age of the borrower should be more than 21 years to become eligible for a home loan from HSBC Bank. The maximum age of the borrowers should be 58 years for salaried customers, 60 years for public employees and 65 years for self-employed professionals.
HSBC Bank takes nearly seven days to process and disburse a home loan after successful submission of property documents.