HSBC understands that buying a house is one of the most important decisions in life, for people across the world. HSBC also knows that while most people dream of owning a perfect home, achieving that goal can be quite a challenge, especially when it comes to arranging the finance required to make such an expensive purchase.
But you can now fulfil this dream by opting for a Home Loan from HSBC.
You strive to seize every opportunity and often lack of funds becomes a hindrance in achieving your goals. With Loan Against Property (LAP) from HSBC you can raise funds easily against your residential property.
1. Loans up to Rs. 10 crores.
2. Tenor up to 15 years
3. Simple documentation
4. Interest rates -Floating rate
| a. | Minimum net income (Rs.) | 5, 00,000 p.a. (salaried) 7, 50,000 p.a. (self-employed) |
|---|---|---|
| b. | Minimum Age (in years) | 21 |
| c. | Maximum Age (in years) | 58 (salaried) 60 (public limited/government employees) 65 (self-employed) |
| d. | Minimum Loan Amount (Rs.) | 3,00,000 |
| e. | Maximum Loan Amount (Rs.) | 10,00,00,000 |
| f. | Maximum Loan Tenure (in years) | 15 |
| g. | Interest Rate Type | Floating Rate (Fixed Rate is not offered) |
The following documents are required along with your loan application:
1. Completed application form with one passport-size photograph.
2. Proof of Identity (PI)
3. Proof of Present Residential Address (PRA)
4. Proof of age
5. Financial/Income documents required for Resident Indian
Salaried
Copy of valid Indian passport showing Visa stamps or copy of foreign passport/equivalent documents Copy of valid Visa/work permit/equivalent documents supporting the NRI status of the applicant accountholder Latest contract copy evidencing salary/salary certificate/wage slips Overseas bank account statements for last 3 months showing salary credits 3 months NRE/NRO account statements Local bureau report of the country where customer is basedWorking in Merchant Navy
Latest contract copy. If on 'home port' for more than 6 months this year, future contract copy is required Latest Continuous Discharge Certificate (CDC) for 3 years employment proof Copy of passport for proof of identity Primary bank account statements for last 3 months Local bureau report of the country where customer is based (applicable if country of residence is other than India)Self -employed
Trade license or equivalent document 6 months overseas bank account statements and NRE/NRO account statements Computation of income, P&L account and balance sheet for the last 3 years certified by a C.A./CPA or any other relevant authority as the case may be (or equivalent company accounts) Passport copy with valid visa stamp Brief profile of the applicant and business in the specified format Local Bureau report of the country where customer is based.The above stated requirements / documentation is subject to change at the sole discretion of HSBC, India.
Disclaimer:
Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated. Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.
HSBC understands that buying a house is one of the most important decisions in life, for people across the world. HSBC also knows that while most people dream of owning a perfect home, achieving that goal can be quite a challenge, especially when it comes to arranging the finance required to make such an expensive purchase.
But you can now fulfil this dream by opting for a Home Loan from HSBC.
Loan requirement -Loans ranging from Rs. 3 lakhs up to Rs. 10 crore Property types -Loans are available to Resident Indians and Non-Resident Indians (NRIs) for ready properties, select under construction properties approved by HSBC, purchase of plot of land, self-construction and home improvement. NRI applicants must have a local co-applicant or a local contact person. Loan tenure-Loans are available for tenures up to 20 years and for salaried customers up to 25 years. Interest rate-The Hong Kong and Shanghai Banking Corporation Limited, India (HSBC) offer Home Loans at floating rate of interest. From time to time they also offer fixed rate for Home Loans for specific loan tenures. | a. | Minimum Net Income (Rs.) | 5, 00,000 p.a (salaried) 7, 50,000 p.a (self-employed) |
|---|---|---|
| b. | Minimum Age (in years) | 21 |
| c. | Maximum Age (in years) on maturity of loans | 58 (salaried) 60 (public limited/government employees) 65 (self-employed) |
| d. | Minimum Loan Amount (Rs.) | 300,000 |
| e. | Maximum Loan Amount (Rs.) | 10,00,00,000 |
| f. | Maximum Tenure (in years) | 20 years. For salaried applicants 25 years. |
The following documents are required along with your loan application:
1. Completed application form with one passport-size photograph.
2. Proof of Identity (PI)
3. Proof of Present Residential Address (PRA)
4. Proof of age
5. Financial/Income documents required for Resident Indian
Salaried individuals
Latest 3 months' salary slips showing statutory deductions Bank statements for last 3 months showing last 3 salary creditsSelf-employed individuals:
Acknowledged IT returns for last 2 years (including e-acknowledgement) P&L account, balance sheet certified/ audited by a CA and computation of income for last 2 years with all annexures and auditor's report Primary bank account statements for last 6 months or Partners of the partnership firm, additionally Partnership Deed is required For Directors of the Private Limited companies additionally required: - Shareholding Pattern or Memorandum and Articles of Association duly attested by a CA - List of DirectorsConsultant / Self-employed Professional
Acknowledged IT returns for last 2 years (including e-acknowledgement) P&L account, balance sheet certified/ audited by a CA and computation of income for last 2 years with all annexures and auditor's report Primary bank account statements for last 6 months