35 Lakh HSBC Bank Home Loan

Getting a home loan is a major financial decision; that’s why choosing the right lender can make all the difference. HSBC Bank’s ₹35 Lakh Home Loan combines competitive rates with flexible terms, catering to both salaried and self-employed individuals. Here, you’ll learn the essential features, ₹35 Lakh home loan eligibility at HSBC Bank, and much more. Making an informed choice on your journey to homeownership can be helpful.

₹35 Lakh Home Loan HSBC Bank – Highlights

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

₹35 Lakh Home Loan EMI for 5 Years HSBC Bank 

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

₹35 Lakh Home Loan EMI for 10 Years HSBC Bank 

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

₹35 Lakh Home Loan EMI for 15 Years HSBC Bank

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

₹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:

₹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:

₹35 Lakh HSBC Bank Home Loan – Fees and Charges

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

₹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.