40 Lakh HSBC Bank Home Loan

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Many aspire to build a dream home, but the required funds can sometimes be a hurdle. HSBC Bank's 40 lakh home loan scheme is a one-stop solution for addressing financial needs. With interest rates starting at just 8.50% annually, the applicant can manage their finances easily and repay their home loan in pocket-friendly EMIs. With loan amounts ranging between 3 lakhs and 60 crores, an individual can avail of need-based funds. These loans can be used for ready properties and select under-construction properties. The loan tenure can extend up to 25 years for salaried individuals and 20 years for self-employed customers.

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Table of Content

1. 40 Lakh HSBC Bank Home Loan Key Highlights

2. 40 Lakh HSBC Bank Home Loan EMI For 5 Years

3. 40 Lakh HSBC Bank Home Loan EMI For 10 Years

4. 40 Lakh HSBC Bank Home Loan EMI For 15 Years

5. 40 Lakh HSBC Bank Home Loan EMI For 20 Years

6. 40 Lakh HSBC Bank Home Loan EMI For 25 Years

7. HSBC Bank 40 Lakh Home Loan Fees & Charges

8. Documents Required for a 40 Lakh HSBC Bank Home Loan

9. Eligibility Criteria 40 Lakh HSBC Bank Home Loan

Written By

Satyam Sachdeva

Satyam has always been interested in saving money and realising its worth. He created a Demat account when he turned 18 and has been a keen equity and mutual fund investor. Currently, a writer for Urban Money, he uses his skills to guide his readers in the right direction. Satyam strives to make financial complexities easy for everyone to understand with a pinch of creative salt.

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.

40 Lakh HSBC Bank Home Loan – Key Highlights

Here are the key highlights of the 40 lakh HSBC Bank home loan:

Feature	Details
Loan Amount	Available from INR 300,000 to INR 60,00,00,000.
Eligible Borrowers	Open to Resident Indians and NRIs.
Property Types	Applicable for ready properties and select under-construction properties.
Loan Tenure	Up to 25 years for salaried individuals and 20 years for the self-employed.
Interest Rates	Competitive rates starting at 8.50% per annum
Loan Transfer	Option to transfer existing home loans to HSBC at attractive rates.
Transparency	Clear fees and no prepayment penalties on floating-rate loans.

40 Lakh HSBC Bank Home Loan – EMI For 5 Years

If an HSBC Bank 40 lakh home loan scheme is obtained at an annual interest rate of 8.90% per annum, the applicable EMI over a tenure of 5 years is calculated below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 40 lakhs	8.90%	5 years	₹82,839	₹9,70,365	₹49,70,365

40 Lakh HSBC Bank Home Loan – EMI For 10 Years

If you take out an HSBC Bank home loan of 40 lakh at an annual interest rate of 8.90%, the EMI for a 10-year tenure will be:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 40 lakhs	8.90%	10 years	₹50,454	₹20,54,490	₹60,54,490

40 Lakh HSBC Bank Home Loan – EMI For 15 Years

For an HSBC Bank 40 lakh home loan at an 8.90% annual interest rate, the EMI for a 15-year term is computed below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 40 lakhs	8.90%	15 years	₹40,333	₹32,59,950	₹72,59,950

40 Lakh HSBC Bank Home Loan – EMI For 20 Years

The EMI for a 20-year term on a 40 lakh HSBC Bank home loan at 8.90% interest per year is:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 40 lakhs	8.90%	20 years	₹35,732	₹45,75,725	₹85,75,725

40 Lakh HSBC Bank Home Loan – EMI For 25 Years

Below is the EMI calculation for a 25-year HSBC Bank loan of 40 lakh at an annual rate of 8.90%:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 40 lakhs	8.90%	25 years	₹33,294	₹59,88,310	₹99,88,310

HSBC Bank 40 Lakh Home Loan – Fees & Charges

The table below mentions the applicable fees & charges on a 40 lakh HSBC Bank home loan:

Fee Type	Details
Processing Fees	1% of the loan amount sanctioned or INR 10,000 (whichever is higher).
	Paid in two parts: INR 5,000 plus taxes upfront with the application; balance paid before loan disbursal.
	Note: This fee is non-refundable.
Prepayment/Foreclosure Charges	Floating Rate Loans: No charges for prepayment or foreclosure.
(For Home Loans & Loan Against Property)	Fixed Rate Loans: INR 5,000 + 5% of the outstanding principal/amount prepaid, plus applicable taxes.
	Charges apply if:
	– A bulk payment (over EMI) reduces the account limit.
	– Switching from a fixed to a floating rate loan.
	– Paying off the entire fixed-rate loan before the fixed-rate period ends.

Documents Required for a 40 Lakh HSBC Bank Home Loan

The important documents that need to be submitted if you wish to avail of a 40 lakh HSBC Bank home loan are given in the table below:

Document Type	Requirements
KYC Documents	– Completed application with photo – Identity Proof: Passport/Voter ID/Driving License/PAN/Aadhaar – Residence Proof: Utility bills/Passport/Voter ID/Driving License – Age Proof: Passport/Driving License/PAN
Income Documents (Indian Residents)	For Salaried: – Last 3 months’ salary slips – Last 3 months’ bank statements showing salary credits For Self-Employed: – IT returns for last 2 years – P&L account and balance sheet certified by CA – Last 6 months’ primary bank statements – Additional for Partnership: Partnership Deed – Additional for Directors: Shareholding Pattern/Articles of Association, List of Directors attested by CA
Income Documents (NRIs)	For Salaried: – Passport with Visa/Work Permit – Contract/salary slips – Last 3 months’ overseas bank and NRE/NRO account statements – Local bureau report For Self-Employed: – Trade licence – Last 6 months’ bank statements – Last 3 years’ certified P&L and balance sheet – Local bureau report For Merchant Navy: – Latest contract – Continuous Discharge Certificate (CDC) – Last 3 months’ bank statements

Eligibility Criteria – 40 Lakh HSBC Bank Home Loan

To be eligible for a 40 lakh HSBC home loan, salaried individuals must have a minimum annual net income of INR 500,000, while self-employed applicants must earn at least INR 750,000 annually. The applicant should be at least 21 years old. The maximum age at the time of loan maturity is 58 years for salaried employees, 60 years for public limited or government employees, and 65 years for self-employed individuals. The loan amount can range from a minimum of INR 300,000 to a maximum of INR 600,000,000. The loan tenure can extend up to 20 years or up to 25 years for salaried applicants.

Frequently Asked Questions (FAQs)

What is the EMI on a 40 lakh HSBC Bank home loan for 20 years?

₹35,732 will be the EMI that must be repaid monthly if a 40 lakh HSBC Bank home loan is availed for 20 years.

Who is eligible for a 40 lakh HSBC Bank home loan?

To qualify for a 40 lakh HSBC Bank home loan, you must be an Indian citizen or an NRI and generally have a good credit score (750+).

What is the monthly interest rate on a 40 lakh HSBC Bank home loan?

HSBC Bank offers a minimum monthly interest rate of approximately 0.71%.

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