HSBC Home Loan Interest Rate
Most of the individuals prefer to avail home loan from HSBC Home Loan as it is a long-term financial commitment for the dream home. The bank offers floating and fixed home loans with 1% process fee for the loan amount sanctioned along with service tax. The processing fee paid by the customers while applying for home loan is not refundable.
HSBC Home Loan Eligibility:
The bank offers home loans for both salaried and self-employed professionals. The Teachers, Doctors, Lawyers, can Police Department employees, can also avail home loans from HSBC. There are no prepayment charges for home loan from HSBC. The instant approval of home loan is the best feature of the bank. Simple documentation of the loan application makes the customers easy to achieve home loan from the bank with low interest rate. E-approval of home loan is the best feature of the HSBC home loan.
Dont Miss: ICICI Bank Home Loan Interest Rate
HSBC Home Loan Amount:
Normal home loan:
Customers are curious to avail loan amount of Rs. 25lakhs with an interest rate as 9.75% per annum. The customers who opt for HSBC Home Loans for an amount above Rs. 25lakhs to Rs. 50lakhs interest rate is 9.99% per annum. The interest rate for an amount between Rs. 50lakhs to Rs. 150lakhs is 10.10% per annum.
Smart home loan:
Customers are curious to avail loan amount of Rs. 25lakhs with an interest rate as 10.50% per annum. The customers who opt for HSBC Home Loans for an amount above Rs. 25lakhs to Rs. 150lakhs interest rate is 10.74% per annum. One can transfer their loan amount with 100% loan amount from HSBC Home Loan Interest Rate as 9.75% per annum.
HSBC Home Loan repayment charges:
There is no prepayment charge for floating and fixed home loan for smart home and normal home loans as well. The customer should pay 3% of prepaid amount more than 25% of loan amount sanctioned for each and every financial year. Prepayment of home loan is permitted after a time limit of 6 months after the dispersal of the loan.