35 Lakh HSBC Bank Home Loan

₹35 Lakh Home Loan HSBC Bank – Highlights

Here are some key highlights of the ₹35 Lakh Home Loan from HSBC Bank:

Feature	Details
Loan Amount	₹35,00,000
Interest Rate	Floating Rate: Starting at 8.50% p.a. Fixed Rate: Starting at 13.25% p.a.
Loan Tenure	Up to 25 years for salaried individuals Up to 20 years for self-employed individuals
Processing Fees	1% of the loan amount sanctioned or ₹10,000, whichever is higher ₹5,000 paid upfront, balance before disbursal
Eligibility Criteria	Salaried: Minimum annual income ₹5,00,000 Self-employed: Minimum annual income ₹7,50,000

₹35 Lakh Home Loan EMI for 5 Years HSBC Bank 

HSBC Bank’s housing loan EMI for ₹35 Lakh is:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹35 Lakhs	8.50% p.a.	5 years	₹71,808	₹8,08,472	₹43,08,472

₹35 Lakh Home Loan EMI for 10 Years HSBC Bank 

Here are the ₹35 Lakhs home loan EMI for 10 years HSBC Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹35 Lakhs	8.50% p.a.	10 years	₹43,395	₹17,07,399	₹52,07,399

₹35 Lakh Home Loan EMI for 15 Years HSBC Bank

For an amount of ₹35 Lakhs, the EMI for 15 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹35 Lakhs	8.50% p.a.	15 years	₹34,466	₹27,03,859	₹62,03,859

₹35 Lakh Home Loan EMI for 20 Years HSBC Bank

₹35 Lakhs home loan EMI for 20 years from the HSBC Bank are as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹35 Lakh	8.50% p.a.	20 years	₹30,374	₹37,89,715	₹72,89,715

₹35 Lakh Home Loan EMI for 25 Years HSBC Bank 

HSBC Bank’s home loan of ₹35 Lakhs EMI for 25 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹35 Lakhs	8.50% p.a.	25 years	₹28,183	₹49,54,884	₹84,54,884

₹35 Lakh HSBC Bank Home Loan – Fees and Charges

Here are the fees and charges of ₹35 Lakh HSBC Bank Home Loan:

Fee/Charge	Details
Processing Fee	1% of the loan amount sanctioned or ₹10,000, whichever is higher. The fee is collected in two parts: ₹5,000 upfront and the balance before loan disbursal.
Pre-payment/Foreclosure Charges	Floating Rate Loan: No pre-payment or foreclosure charges.
	Fixed Rate Loan: ₹5,000 + 5% of the principal outstanding or the amount prepaid, plus applicable taxes.
Late Payment Charges	Not specified in the provided information.
Switch Over Charge (to RLLR)	Up to ₹2,500 plus applicable taxes.
Stamp Duty	As per local stamp duty laws, it is payable on security documents.
Credit Report Charges	Not specified in the provided information.
Legal and Valuation Charges	Not specified in the provided information.
Insurance Premium	Cost of property insurance against loss by fire, earthquake, floods, etc., with HSBC as the beneficiary.

₹35 Lakh HSBC Bank Home Loan – Documents Required

Following are the documents required to get a home loan of ₹35 Lakhs sanctioned from the HSBC Bank:

1. Identity Proof
2. Address Proof
3. Income Proof:

• For Salaried Individuals: Latest 3 months’ salary slips, Form 16 or Income Tax Returns (ITR) for the last 2 years and Bank statements for the last 6 months showing salary credits
• For Self-employed Individuals: Income Tax Returns (ITR) for the last 3 years, Audited financial statements for the last 2 years (Profit & Loss account and Balance Sheet), Bank statements for the last 12 months and Business continuity proof (e.g., Trade License, Registration Certificate)

₹35 Lakh HSBC Bank Home Loan – Eligibility Criteria

The eligibility criteria for an HSBC Home Loan in India are as follows:

1. Minimum Income:

• Salaried Individuals: Minimum net annual income of ₹5,00,000.
• Self-employed Individuals: Minimum net annual income of ₹7,50,000.

2. Age:

• Minimum Age: 21 years at the time of loan application.
• Maximum Age at Loan Maturity:
  • Salaried Individuals: 58 years (or 60 years for public limited/government employees).
  • Self-employed Individuals: 65 years.

3. Employment Type:

• Salaried Individuals: Must be in permanent employment with at least two years of work experience.
• Self-employed Individuals: Must have been in business for at least three years.

4. Loan Amount:

• Minimum Loan Amount: ₹3,00,000.
• Maximum Loan Amount: ₹60,00,00,000 (depending on the applicant’s relationship with HSBC, city of the property, and property type).

5. Loan Tenure:

• Salaried Individuals: Up to 25 years.
• Self-employed Individuals: Up to 20 years.

6. Property Type:

• Loans are available for:
  • Ready properties.
  • Select under-construction properties approved by HSBC.

• Applicable to both Resident Indians and Non-Resident Indians (NRIs). For NRI applicants, a local co-applicant or a local contact person is required.

7. Credit History: Applicants should have a good credit history with a strong CIBIL score, typically above 750.
8. Co-applicants: All co-owners of the property must be co-applicants for the loan.