15 Lakh HSBC Bank Home Loan

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Urban Money is here to make your dreams of home ownership come true. Let us guide you to one of the best financial tools in the market-: a 15 Lakh Home Loan from the HSBC Bank, with starting interest rates as low as 8.50%. From flexible repayment plans to extended loan tenures, this loan will offer you the best benefits while financing your house’s purchase/ construction. You can select between various properties and available interest options, fixed and floating. Enjoy low processing fees, standardised eligibility criteria and even the option to transfer your existing home loans. Read this guide to learn more about the important documentation and the instalments according to the various loan tenures of HSBC Bank’s 15 Lakh Home Loan.

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Table of Content

1. 15 Lakh Home Loan HSBC Bank- Highlights

2. 15 Lakh Home Loan EMI for 5 Years from the HSBC Bank

3. 15 Lakh Home Loan EMI for 10 Years from the HSBC Bank

4. 15 Lakh Home Loan EMI for 15 Years from the HSBC Bank

5. 15 Lakh Home Loan EMI for 20 Years from the HSBC Bank

6. 15 Lakh Home Loan EMI for 25 Years from the HSBC Bank

7. 15 Lakh Home Loan of HSBC Bank Fees

8. Documents Required for a 15 Lakh HSBC Bank Home Loan

9. 15 Lakh HSBC Home Loan Eligibility Criteria

Written By

Bhavya Kamra

With a background in commerce and a strong affinity for numbers, Bhavya is dedicated to delivering accurate financial insights in her blog. She avidly reads finance magazines and articles to stay updated on the latest market trends. Currently crafting content for Urban Money, Bhavya aims to offer practical financial tips and simplify complex subjects into easy-to-understand steps.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

15 Lakh Home Loan HSBC Bank- Highlights

Some of the important features of the 15 Lakh Home Loan from HSBC Bank, which will help you compare this loan with other financing options:

Feature	Details
Loan Purpose	Available for the purchase of any home or selected under-construction projects
Loan Amount	Ranges from INR 3,00,000 to INR 600,000,000
Repayment Tenure	Up to 25 years for salaried individuals Up to 20 years for self-employed individuals
Repayment Tenure		Pre-payment/Foreclosure Charges	No pre-payment or foreclosure charges for floating loans
EMI Calculation Method	Calculated on daily reducing balance
Application Approval Time	Approved within five days of submitting documents
Interest Rates
Floating Rates	Balance Transfer Loan: 8.50% Salaried: 8.75% Self-Employed: 8.85%
		Fixed Rate	13.25% p.a. for salaried, self-employed, and balance transfer loans

15 Lakh Home Loan EMI for 5 Years from the HSBC Bank

If you want to repay your 15 Lakh Home Loan from HSBC Bank over five years, here’s the EMI cost and the total interest payable over the loan repayment period.

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 15 Lakh	8.50 %	Five years	₹30,775	₹3,46,500	₹18,46,500

15 Lakh Home Loan EMI for 10 Years from the HSBC Bank

The EMI estimates the cost, along with total interest payable, for a 15 Lakh Home Loan from HSBC Bank over a tenure of 10 years is:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 15 Lakh	8.50 %	Ten years	₹18,598	₹7,31,760	₹22,31,760

15 Lakh Home Loan EMI for 15 Years from the HSBC Bank

The monthly instalments for a 15-year-long 15 Lakh Home Loan from the HSBC Bank, along with interest payments, come up to be as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 15 Lakh	8.50 %	Ten years	₹14,771	₹11,58,780	₹26,58,780

15 Lakh Home Loan EMI for 20 Years from the HSBC Bank

The overall interest payable and EMI instalments for a 20-year long 15 Lakh Home Loan from HSBC Bank is:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 15 Lakh	8.50 %	20 years	₹13,017	₹16,24,080	₹31,24,080

15 Lakh Home Loan EMI for 25 Years from the HSBC Bank

The total interest payable for a 15 Lakh Home Loan from HSBC Bank and its instalments over 25 years will come up to be about:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 15 Lakh	8.50 %	25 years	₹12,078	₹21,23,400	₹36,23,400

15 Lakh Home Loan of HSBC Bank – Fees

The overall charges applicable for a 15 Lakh Home Loan from HSBC Bank include the following:

Fee Type	Details
Processing Fee	1% of the Home Loan amount or INR 10,000 (whichever is higher) Collected in two parts: INR 5,000 + taxes at the time of application submission The remaining balance is to be paid at the time of reimbursement
		Pre-payment/Foreclosure Charge	No charge under usual circumstances Charges apply for: Bulk payments Mid-term changes from floating to fixed or vice versa Entire fixed-rate period payments
				Stamp Duty	As per state laws

Documents Required for a 15 Lakh HSBC Bank Home Loan

The important documents required for applying for a 15 Lakh HSBC Bank Home Loan include the following:

Documents verifying income and repayment capacity
Proof of identity documents
Proof of residence documents
Documents of property purchase and ownership

15 Lakh HSBC Home Loan – Eligibility Criteria

You might be eligible for a 15 Lakh Home Loan from HSBC Bank if you meet the following eligibility criteria:

Salaried individuals must have a minimum income of INR 5,00,000, while self-employed individuals’ income needs to be INR 7,50,000 yearly
The set age limit is 21 to 58 years for salaried employees, 65 years for self-employed individuals and 60 years for government employees.
The loan amount must lie between INR 3,00,000 and INR 600,000,000

Frequently Asked Questions (FAQs)

What is the EMI for a 15 lakh HSBC Bank home loan over a 20-year tenure?

For a 20-year period, the EMI installments for a 15 Lakh HSBC Bank are ₹13,017.

Who is eligible for a 15 lakh HSBC Bank home loan?

Any salaried citizen of India whose income is more than INR 5,00,000 and any self-employed resident with an annual earning of more than INR 7,50,000 can apply for a 15 Lakh HSBC Bank Loan.

What is the monthly interest rate on a 15 lakh HSBC Bank home loan?

The monthly rate for a 15 Lakh Home Loan from HSBC Bank starts at 8.50% on a floating rate and 13.25% on a fixed rate.

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