Product Details
Bank Name
HSBC
Maximum Loan Tenure
Not specified.
Maximum Loan Amount
40,00,00,000
Interest Rate
8.5%
Type
Floating.
Down Payment
Not specified.
Fees and Charges
Processing fees- 0%
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
Sustainable Mortgage.
Special Features
Eligibility Criteria
Here is the eligibility criteria for HSBC Sustainable Mortgage Loan:
Income:Minimum net income of INR 5 lakh per annum for salaried individuals.
Minimum net income of INR 7.5 lakh per annum for self-employed individuals.
Age:Minimum age at application: 21 years.
Maximum age at loan maturity:58 years for salaried applicants.
60 years for public limited/government employees.
65 years for self-employed applicants.
Other important criteria:Applicants must be Indian residents or citizens.
Applicants must be employed or self-employed with stable income.
A good CIBIL score (ideally above 700) is generally required.
Maximum loan amount varies based on factors like income, property type, and location.
LTV (Loan-to-Value) ratio typically ranges from 75% to 90% of the property's appraised value.
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
Additional documents required:
Identity and address proof.
Income proof (salary slips, ITRs, etc.).
Bank statements.
Property documents
Special Concession
Processing fee is waived off completely.
Home Saver Option
No.
Features, Eligibility and Concession
Pros
Cons
Pros & Cons
Application Procedure
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.