3 Crore HSBC Bank Home Loan

Buying a home is one of the most important decisions, with huge financial and emotional implications. Urban Money is here to reduce stress and introduce you to the HSBC Bank’s 3 Crore Home Loan, which offers flexible repayment options for salaried individuals over 25 years. This loan is available at a low interest rate of 8.50%, and the applicants can choose from multiple floating or fixed interest rate plans. The 3 Crore Home Loan from HSBC Bank provides benefits like no-charge prepayments for floating interest rates and allows for payment of even under-construction units instead of pre-ready homes. This guide will help you understand the various features of this loan and the EMI payments you must make over multiple loan tenures.

3 Crore Home Loan HSBC Bank- Highlights

The following interest rates, specifically the floating interest rates, can vary according to the credit score of the applicant:

3 Crore Home Loan EMI for 5 Years from the HSBC Bank 

For those intending to repay a ₹3 Crore Home Loan from HSBC Bank over five years, here’s the breakdown of the EMI cost and total interest payable throughout the loan period.

3 Crore Home Loan EMI for 10 Years from the HSBC Bank

With an interest rate of 8.50%, the EMI and total interest payable on a ₹3 Crore Home Loan from HSBC Bank, to be repaid over ten years, are as follows:

3 Crore Home Loan EMI for 15 Years from the HSBC Bank

For a 10-year repayment period, the estimated EMI and interest on HSBC Bank’s ₹3 Crore Home Loan are:

3 Crore Home Loan EMI for 20 Years from the HSBC Bank

At an 8.50% interest rate and a 20-year term, the EMI amount and total interest for HSBC Bank’s ₹3 Crore Home Loan:

3 Crore Home Loan EMI for 25 Years from the HSBC Bank

Below is the official EMI estimate for a 3 Crore Home Loan from HSBC Bank, with an interest rate of 8.50% over a 25-year repayment period.

3 Crore Home Loan of HSBC Bank – Fees

The various charges applicable on a 3 Crore Home Loan from HSBC Bank are:

• Processing fee: 1% of the total loan amount or INR 10,000, whichever is greater.
  • Collection: Paid in two instalments—INR 5,000 + taxes upfront and the remainder at the time of loan disbursement.
• No prepayment charges apply for floating interest rate loans.
• Foreclosure charges apply only in bulk payments or mid-term interest-related changes for fixed interest rates.

Documents Required for a 3 Crore HSBC Bank Home Loan

While HSBC Bank has not provided a specific list of documents for a 3 Crore HSBC Bank Home Loan, the borrower must submit documents proving the applicant’s identity, address, income level, repayment abilities, and property to the bank authorities.

3 Crore HSBC Home Loan – Eligibility Criteria

The eligibility criteria for a 3 Crore Home Loan in HSBC Bank are as follows: