HSBC Home Loan
Apply for HSBC home loan online and get loan amount ranging between Rs. 3 Lakhs to Rs. 40 Crores. HSBC home loan interest rates start from 7.70% . The loan can be repaid in flexible tenure of up to 25 years.
Apply for HSBC Home Loan @ 7.70% Interest Rates

HSBC Home Loan Details
Interest rate | 7.70% |
Loan tenure | 25 Years |
Loan turnaround period | 8 - 15 days |
Loan to value (LTV) | Get loan up to 85% of project cost |
Co-applicants | Up to 4 applicants are allowed as co-applicants |
Lowest EMI | Rs. 752 Per Lakh |
The bank serves more than 39 million customers today through its four global businesses: Retail Banking & Wealth Management, Commercial Banking, Global Banking & Markets, and Global Private Banking. The wide network of the bank covers 66 countries and territories in Asia, Middle East, Europe, and Africa, North America, and Latin America.
Features and Benefits of HSBC Home Loan
- HSBC home Loan Interest rates start at 7.70% for salaried and self-employed applicants.
- Loan amount from 3 Lakhs to 40 Crores
- Maximum tenure up to 20 years (25 years for salaried)
- Loans available for resident as well as non-resident Indians
- Having a local co-applicant/ contact person is mandatory for NRI applicants
- Minimum age required to apply for the home loan is 21 years
- The property must be insured against loss by fire, floods, earthquake, and any other damages with an insurance company.
- The bank offers two types of housing loans, viz. Home Loan and Smart Home Loan
- The Smart Home Loan account acts as a Current Account having an overdraft limit, that is equal to the amount of disbursed loan.
- On completion of loan repayment, customers get the option to continue their Smart Home Loan account as a current account.
Also Read - Tax Benefits on the Second Home Loan
HSBC Home Loan Interest Rates
HSBC Home Loans come at floating rates of interest that are linked to the bank's 3-month Marginal Cost of Fund Based Lending Rate (MCLR). Any change in 3-month MCLR will impact your Home Loan interest rate, thus, impacting your Equated Monthly Instalment (EMI) and loan tenure.
Here's the table for current HSBC Home Loan interest rates 2025:
HSBC Home Loan | For salaried: 7.70% p.a. For self-employed: 7.85% p.a. |
Switch to HSBC (Balance Transfer) | 7.70% p.a. onwards |
Smart Home Loan (Overdraft) | For salaried: 8.10% p.a. (with commitment fee) |
For self-employed: 8.20% p.a. (with commitment fee) |
* Interest rates are updated as on 2025
Additional Info: Also check HSBC Bank Loan Against Property
HSBC Home Loan Comparison with Other Lenders
Lender | Maximum Loan Amount | Maximum Tenure | Interest Rate | Processing Fee |
---|---|---|---|---|
HSBC Home Loan | Up to 90% of property cost | 25 years | 7.70% | Nil |
Bank of Baroda Home Loan | Up to 90% of property cost | 30 years | 7.45% | Rs. 8,500 + GST |
HDFC Home Loan | Up to 90% of property cost | 30 years | 7.90% - 9.00% | Up to 0.50% or Rs. 4,500 (whichever is higher) + applicable taxes |
IDFC First Home Loan | Rs. 5 Crores | 30 years | 8.85% | Up to 3% of loan amount |
Kotak Mahindra Home Loan | 75% to 90 % of property value | 25 years | 7.99% | O.50% to 2.0 % + GST |
HSBC Home Loan Eligibility Criteria
To avail a Home Loan from HSBC, the following eligibility criteria have to be met:
- Minimum annual net income: 5 Lakhs for salaried and 7,50,000 for self-employed
- Minimum age of the applicant should not be below 21 years at the time of applying for the loan
- Maximum age of the applicant should not be above 58 (for salaried), 60 (for public limited or government employees), and 65 (for self-employed) at the time of loan maturity
- Having a local co-applicant/ contact person is mandatory for NRI applicants
- The property must be insured against loss by fire, floods, earthquake, and any other damages with an insurance company.
Factors That Affect Your Eligibility for HSBC Home Loan
- Income or salary of the applicant
- Repayment capacity
- Track record of past loan and Credit Card repayment (if any)
- Applicant's age
- CIBIL score: Should be 650 or above
- Availability of an eligible co-applicant
How to Improve Your Eligibility for HSBC Loan
- Choose a long tenure if possible to reduce the burden of EMI amount
- Know the complete eligibility criteria set by the bank
- Bring in a co-applicant with good income and credit score to apply for the loan
- Prepay your existing short-term unsecured loans in full
- Improve your credit score before applying for the loan
Additional Info: Also check Home Loan Eligibility
Documents Required for HSBC Home Loan
Common Documents for All Applicants
- Complete and signed loan application form
- 1 recent passport-sized photograph
- Identity proof acceptable by the bank
- PAN Card copy
- Address proof:
- Passport
- Voter's ID
- Driving licence
- Society outgoing bill (from registered societies)
- Electricity/ telephone/ water bill
- Gas bill (for pipeline connection only)
- Bill of property tax
- Domicile certificate issued by Municipal Corporation mentioning address
- Age proof
- Income proof: ITR and Salary Slip/ Certificate
- Letter of Authority to the bank to debit your HSBC Account each month for the EMI amount till the end of the loan tenure.
- Title documents related to the property (as required by the bank)
- For under construction properties, if the property is not registered at the time of sanction or loan disbursement, but is registered on completion of construction: All title documents relating to the mortgaged property have to be submitted to the bank.
- Receipts of payment of dues made to the builder/ society/ limited company
- Evidence that all approvals, consents, and permissions needed for availing the loan or creation of security have been obtained.
- Evidence of a contract for the sale of the flat in favour of the borrower from the builder/ society/ limited company.
- Fire insurance policy against the flat
- Security documents must be stamped at your expense as per local stamp duty laws
Additional Documents for NRI Applicants
- Salaried NRIs: Indian Passport with overseas stamps or copy of Visa/ Work Permit; Overseas salary stub & NRO/ NRE Account deposit information.
- Merchant Navy NRIs: Proof of employment and report from the local bureau
- Self-Employed NRIs: Bank account statement (Overseas/ NRE/ NRO), relevant operating licenses, Profit & Loss statements, etc. along with Indian Passport and VISA.
Additional Info: Also check Documents Required For Home Loan
HSBC Home Loan Processing Fees and Other Charges
HSBC Home Loans come with the following charges:
Type of Charges | Details of Charges |
---|---|
Processing fees | Nil |
Service tax | 15% (including the Swachh Bharat Cess @0.5%) |
Request for getting a copy of property documents available with the bank | Rs. 500 |
Charges for delayed instalments | Rs. 250 per instance |
Penal interest on the delayed instalments | 2% over & above the existing interest rate |
Prepayment charges |
|
Commitment fee (for Smart Home Loan) |
|
Conversion fee
| 0.50% of outstanding limit or current account limit (whichever is higher) + applicable taxes |
Legal charges | As per actual |
Types of Home Loan Offered by HSBC
HSBC offers the following types of Home Loans to its customers:
Home Loan
This regular housing loan scheme can be availed to purchase your own home at competitive interest rates. Not just house purchase, you can also avail this loan from house construction and home improvement.
Key Highlights of the Scheme
Purpose | For purchasing ready properties, HSBC- approved select, under construction properties, construction of property and improvement of an existing home. |
Loan amount | Rs. 3 Lakhs up to Rs. 10 Crores |
Nationality of the applicant | Indians Residents as well as NRIs can apply |
Profession of the applicant | Salaried and self-employed applicants, both can apply |
Maximum repayment tenure | Up to 25 years for salaried customers and up to 20 years for other applicants |
Insurance | Insurance of the property against loss by fire, floods, earthquake, and other damages with an insurance company is mandatory |
Minimum age | 21 years at the time of loan application |
Maximum age | 58 years (for salaried), 60 years (for public limited or government employees), and 65 (for self-employed) on the maturity of the loan |
Smart Home Loan
This loan scheme enables the borrower to save on interest payment, thereby reducing the loan tenure. Your Smart Home Loan is operated via a Smart Home account which acts as a Current Account having an overdraft limit equivalent to the loan amount disbursed. You just need to put your usual savings in the Smart Home account and depending on the savings put by you in the Smart Home account, the quantum of interest paid can be reduced, thereby reducing your loan tenure.
Key Highlights of the Scheme
Purpose | For purchasing ready properties, HSBC- approved select, under construction properties, construction of property and improvement of an existing home. |
Loan amount | 5 Lakhs up to 10 Crores |
Nationality of the applicant | Indians Residents as well as NRIs can apply |
Profession of the applicant | Salaried and self-employed applicants, both can apply |
Maximum repayment tenure | Up to 25 years for salaried customers and up to 20 years for other applicants |
Insurance | Insurance of the property against loss by fire, floods, earthquake, and other damages with an insurance company is mandatory |
Minimum age | 21 years at the time of loan application |
Maximum age | 58 years (for salaried), 60 years (for public limited or government employees), and 65 (for self-employed) on the maturity of the loan |
Check Interest Rate for 25 lakh home loan EMI and apply ease on MyMoneyMantra.
How to Calculate HSBC Home Loan EMI?
It is useful to calculate the equated monthly instalment (EMI) for your proposed HSBC Home Loan before applying for the loan. Doing so will help you in financial planning so that you can repay the loan in time without any default. You can also choose another product if the minimum EMI is not in your budget.
With MyMoneyMantra's online EMI Calculator, calculating EMI is a matter of just a few seconds. This tool gives you accurate EMI with a complete amortisation schedule.
Here are the steps to follow to Calculate your HSBC Home Loan EMI using MyMoneyMantra's EMI Calculator:
- Click on Financial Tools at MyMoneyMantra's home page
- Select EMI Calculator
- Enter the Loan Amount, Rate of Interest, and Repayment Tenure and click on the Calculate button
As soon as you click on the calculate button, you will get the desired results.
Tip - Check Cibil Score before applying for a Home Loan
HSBC Home Loan Customer Care
You can contact the HSBC bank at the below-mentioned toll-free numbers:
- 1800 103 4722
- 1800 266 3456
You can also visit the nearest branch and meet their Relationship Manager.
All grievances or escalations should be marked to:
The Manager, Customer Care Centre,
The Hongkong and Shanghai Banking Corporation Limited,
Rajalakshmi, No. 5 and 7, Cathedral Road, Chennai - 600 086
Also Read - Home Loan Tax Benefits
HSBC Home Loan - FAQs
HSBC follows the Floating Interest Rate method that is linked to the bank's 3-months MCLR. Any fluctuation in MCLR will impact your housing loan interest rate. The Bank may also offer fixed interest rate loans from time to time.
The repayment of HSBC Home Loan is done in EMIs through standing instructions (SI) to your HSBC account or electronic clearance system (ECS) from the company's current account.
The loan application is usually approved within 5 days post submission of complete documents.
The loan is disbursed within 2 days post submission of duly stamped & completed loan agreement, and other required documents.
NRI borrowers can make payment through their NRE or NRO account/ inward remittance/ liquidation of FCNR/ sales proceeds of immovable property against which the loan was granted/ any close relative's bank account.
Yes, you have to insure your property against loss due to fire, floods, earthquake, floods and other such calamities with an insurance company, having HSBC as a beneficiary of the insurance policy.
Make sure you pay your EMI on time each month. Defaulting of EMI will impact your credit rating and score, and will bleak your chances of getting approval for any credit from HSBC in the future. HSBC may also initiate collections and legal action for recovering their dues. In the worst case, the bank can recall the loan and any secured asset mortgaged for the loan can also be attached for recovery of dues.