Product Details
Bank Name
HSBC
Maximum Loan Tenure
25 years
Maximum Loan Amount
40,00,00,000
Interest Rate
8.45% p.a.
Type
Floating
Down Payment
Not specified.
Fees and Charges
Processing fees- 1% of the loan amount sanctioned or INR10,000, whichever is higher (plus applicable taxes)
Pre payment charges: For floating rate Home Loan: No pre-payment charges.
Prepayment penalty: Nil for floating rate loans.
Legal Charges: At actuals.
Stamp Duty and Registration Charges: At actuals.
Minimum CIBIL Score
Not specified.
Down Payment and Fees
NRI Home Loans
Special Features
Zero prepaymeny charges.
Eligibility Criteria
The eligibility criteria for HSBC NRI Home Loans are as follows:
Minimum net income: INR 500,000 per annum for salaried individuals.
Minimum age: 21 years.
Maximum age on maturity of loans: 58 years for salaried individuals, or 60 years for public limited/government employees123.
Minimum loan amount: INR 300,000.
NRI applicants must have a local co-applicant or a local contact person.
US Persons can also avail a Non-resident Indian (NRI) Home Loan subject to the repayment of the loan from the income generated in India. The repayment of the loan will have to be through a Non-Resident Ordinary (NRO) account.
United Kingdom residents can also avail HSBC NRI Home Loans subject to compliance with the UK regulations.
Please note that these are the general criteria and additional requirements may apply. For more details, you should reach out to your Relationship Manager at HSBC
Special Concession
None.
Home Saver Option
Not available.
Features, Eligibility and Concession
Pros
Long tenure - 25 years.
Loan upto INR 4 crore.
Loan documentation especially tailored for NRIs.
Enjoy HSBC Premier globally by taking a home loan greater than INR11,500,000
Zero prepaymeny charges.
Cons
High processing fee.
No home saver option.
Pros & Cons
Application Procedure
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