25 Lakh HSBC Bank Home Loan

Home purchasing is one of the most important financial decisions ever. Urban Money is here to help you with this and guide you to some of the best financial tools in the market. The 25 Lakh home from HSBC Bank is best suited for people looking for a personal small home in reputed societies, with a low interest rate starting from 8.50% p.a. People from different backgrounds can choose other loan tenures and the type of interest they want to pay, fixed or floating. The applicants will also enjoy low processing fees and zero foreclosure charges. Read the following to discover if you are eligible for the 25 Lakh home from HSBC Bank, along with the documents required.

25 Lakh Home Loan HSBC Bank- Highlights

Here are some of the important features of the HSBC Bank’s 25 Lakh Home Loan, which will help you compare the loan with other institutions:

The interest rates for HSBC Bank’s 25 Lakh Home Loan are:

Floating Rates

• Balance Transfer Loan- 8.50% 
• Salaried: 8.75% 
• Self-Employed: 8.85% 

Fixed Rate

• 13.25% p.a. set for salaried, self-employed and balance transfer loans. 

25 Lakh Home Loan EMI For 5 Years from the HSBC Bank

Here’s the official EMI estimate for a ₹25 Lakh Home Loan from the HSBC Bank at an interest rate of 8.50%, assuming a repayment period of 5 years.

25 Lakh Home Loan EMI For 10 Years from the HSBC Bank

If you plan to pay off your 25 Lakh Home Loan from HSBC Bank within ten years, the monthly EMI cost and the total interest payable are here.

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

At an interest rate of 8.50%, the EMI instalment and interest payment for a 25 Lakh Home Loan from HSBC Bank for 15 years are:

25 Lakh Home Loan EMI For 20 Years from the HSBC Bank

The EMI and interest payable for a 25 Lakh Home Loan from HSBC Bank within 20 years is as follows:

25 Lakh Home Loan EMI For 25 Years from the HSBC Bank

The overall interest payable and EMI instalment for a 25-year tenured 25 Lakh Home Loan from HSBC Bank is:

25 Lakh Home Loan of HSBC Bank – Fees and Charges

The following fee and charge are applicable on a 25 Lakh Home Loan from HSBC Bank:

• Processing Fee: 

• • 1% of the Home Loan or INR 10000 (Whichever is higher) 
  • To be collected in two parts- INR 5000+ taxes at the time of application submission and the remaining balance at the time of reimbursement

• Pre-payment/ Foreclosure Charge

• • There is no charge in usual circumstances for floating rates
  • Some charges for bulk payment, mid-term change from floating to fixed or vice-versa and entire fixed rate period 

Documents Required for a 25 Lakh HSBC Bank Home Loan

The bank requires the following documents from the applicant who is applying for a 25 Lakh Home Loan from the HSBC Bank:

• Documents related to proving income and repayment capabilities 
• Documents proving identity 
• Documents proving the residence of the applicant 
• Documents related to the property purchase and ownership 

25 Lakh HSBC Home Loan – Eligibility Criteria

The following individuals are eligible for applying for a 25 Lakh Home Loan from the HSBC Bank:

• Minimum Income of INR 5,00,000 for salaried individuals and INR 7,50,000 for self-employed individuals
• Minimum age of 21 years and Maximum age of 58 years for salaried, 60 for government employees and 65 for self-employed individuals
• Looking for a minimum Loan Amount of INR 300,000 and Maximum Loan Amount of INR 600,000,000