60 Lakh HSBC Bank Home Loan

Home Loan By Profession
Home Loan By Property
Home Loan By Other
Home Loan By Scheme
Home Loan By Amount

Imagine coming home to a place that embodies your goals and sense of style. That goal is achievable with the HSBC Bank’s ₹60 Lakhs Home Loan. This adaptable financing option is the best option for people looking to buy their dream home since it provides a special combination of affordable interest rates, customised repayment schedules, and individualised support. You can also use ₹60 Lakhs Home Loan EMI calculator at HSBC Bank to get estimated EMIs. A house loan from HSBC Bank can assist you in realising your dream, regardless of whether you're looking for renovations or making an investment for the first time.

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Table of Content

1. 60 Lakh Home Loan HSBC Bank Highlights

2. 60 Lakh Home Loan EMI for 5 Years HSBC Bank

3. 60 Lakh Home Loan EMI for 10 Years HSBC Bank

4. 60 Lakh Home Loan EMI for 15 Years HSBC Bank

5. 60 Lakh Home Loan EMI for 20 Years HSBC Bank

6. 60 Lakh Home Loan EMI for 25 Years HSBC Bank

7. 60 Lakh HSBC Bank Home Loan Fees and Charges

8. 60 Lakh HSBC Bank Home Loan Documents Required

8.1 1. Identity Proof (Any one of the following):

8.2 2. Address Proof (Any one of the following):

8.3 3. Income Proof:

8.4 4. Property Documents:

8.5 5. Additional Documents (If applicable):

8.6 6. Documents for Non-Resident Indians (NRIs):

9. 60 Lakh HSBC Bank Home Loan Eligibility Criteria

Written By

Rishabh Baisoy

With a background in journalism and mass communications, Rishabh might be clueless about his plans for the evening, but he clearly knows what to write. A proud cinephile, Rishabh makes the perfect choice to discuss any movie with. Poetry holds a special place in his heart, which mingles well with his wanderlust personality. While he physically exists in India, his heart beats for the red part of Merseyside. Rishabh educates and empowers readers towards financial success at Urban Money.

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.

₹60 Lakh Home Loan HSBC Bank – Highlights

Here are some key highlights of the ₹60 Lakhs Home Loan from HSBC Bank:

Feature	Details
Loan Amount	₹60,00,000
Interest Rate Type	Floating Rate: Starts at 8.50% p.a. Fixed Rate: Starts at 13.25% p.a.
Loan Disbursal Time	Typically within 7-10 working days, subject to document verification and approval
Eligibility Criteria	Minimum income: ₹5,00,000 for salaried ₹7,50,000 for self-employed
Top-Up Loan Option	Available for eligible customers, allowing up to 150% of the original loan amount

₹60 Lakh Home Loan EMI for 5 Years HSBC Bank

HSBC Bank’s housing loan EMI for ₹60 Lakh is:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹60 Lakhs	8.50% p.a.	5 years	₹1,23,099	₹13,85,951	₹73,85,951

₹60 Lakh Home Loan EMI for 10 Years HSBC Bank

Here are the ₹60 Lakhs home loan EMI for 10 years HSBC Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹60 Lakhs	8.50% p.a.	10 years	₹74,391	₹29,26,970	₹89,26,970

₹60 Lakh Home Loan EMI for 15 Years HSBC Bank

For an amount of ₹60 Lakh, the EMI for 15 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹60 Lakhs	8.50% p.a.	15 years	₹59,084	₹46,35,187	₹1,06,35,187

₹60 Lakh Home Loan EMI for 20 Years HSBC Bank

₹60 Lakh home loan EMI for 20 years HSBC Bank are as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹60 Lakhs	8.50% p.a.	20 years	₹52,069	₹64,96,655	₹1,24,96,655

₹60 Lakh Home Loan EMI for 25 Years HSBC Bank

HSBC Bank home loan of ₹60 Lakh EMI for 25 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹60 Lakhs	8.50% p.a.	25 years	₹48,314	₹84,94,088	₹1,44,94,088

₹60 Lakh HSBC Bank Home Loan – Fees and Charges

For a home loan from HSBC Bank, the processing fee is set at 1% of the loan amount sanctioned or ₹10,000, whichever is higher. This fee is split into two parts: ₹5,000 is paid upfront, and the remaining balance is due before the loan disbursal. Pre-payment or foreclosure charges depend on the type of loan. For floating-rate loans, no charges apply, whereas for fixed-rate loans, a fee of ₹5,000 plus 5% of the principal outstanding or the amount prepaid, along with applicable taxes, is charged.

Additional charges include:

Late Payment Charges: Not specified in the available information.
Switch Over Charge (to RLLR): Up to ₹2,500 plus applicable taxes.
Stamp Duty: Payable according to local stamp duty laws on security documents.
Credit Report Charges: Not specified in the provided information.
Legal and Valuation Charges: Not specified in the provided information.
Insurance Premium: Required for property insurance against risks like fire, earthquake, and floods, with HSBC named as the beneficiary.

₹60 Lakh HSBC Bank Home Loan – Documents Required

Following are the documents required to get a home loan of ₹60 Lakhs sanctioned from the HSBC Bank:

1. Identity Proof (Any one of the following):

Aadhaar Card	Passport
Voter ID Card	PAN Card
Driving Licence

2. Address Proof (Any one of the following):

Aadhaar Card	Passport
Voter ID Card	Driving Licence
Utility Bill (Electricity, Water, Gas) – not older than 2 months	Bank Account Statement/Passbook – with entries for the last 6 months

3. Income Proof:

For Salaried Individuals:

Latest 3 months’ salary slips

Form 16 or Income Tax Returns (ITR) for the last 2 years

Bank statement 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 statement for the last 12 months	Business continuity proof (e.g., Trade License, Registration Certificate)

4. Property Documents:

Sale Agreement/Allotment Letter	Title Deeds of the Property
Approved Building Plan	No Objection Certificate (NOC) from the builder/society
Receipts of payments made to the builder/seller	Occupancy Certificate (if applicable)
Encumbrance Certificate

5. Additional Documents (If applicable):

Passport-size photographs of all applicants/co-applicants	Processing fee cheque
Power of Attorney (if applicable)	Partnership Deed/Article of Association (for self-employed individuals)
Documents related to any existing loans

6. Documents for Non-Resident Indians (NRIs):

Valid Passport and Visa copies	Overseas address proof
Power of Attorney (if applicable)	Employment contract/appointment letter
Latest salary slip or certificate (for salaried individuals)	NRE/NRO bank account statements for the last 6 months

₹60 Lakh HSBC Bank Home Loan – Eligibility Criteria

The eligibility criteria for an HSBC Bank’s Home Loan in India are as follows:

Criteria	Details
Minimum Income	Salaried Individuals: ₹5,00,000 net annual income Self-employed Individuals: ₹7,50,000 net annual income
Age Requirements	Minimum Age: 21 years Maximum Age at Loan Maturity: Salaried: 58 years (60 years for public limited/government employees) Self-employed: 65 years
Employment Type	Salaried Individuals: Permanent employment with at least 2 years of work experience Self-employed Individuals: Minimum of 3 years in business
Loan Amount	Minimum Loan Amount: ₹3,00,000 Maximum Loan Amount: ₹60,00,00,000 (depending on the relationship with HSBC, property location, and type)
Loan Tenure	Salaried Individuals: Up to 25 years Self-employed Individuals: Up to 20 years
Property Type	Loans are available for ready properties and select under-construction properties approved by HSBC
Eligibility for NRIs	Applicable to Resident Indians and NRIs, with a local co-applicant or contact person required for NRI applicants
Credit History	Good credit history with a CIBIL score typically above 750
Co-applicants	All co-owners of the property must be co-applicants for the loan

Frequently Asked Questions (FAQs)

What is the EMI for ₹60 Lakhs Home Loan for 20 years in HSBC Bank?

The EMI for a ₹60 Lakh Home Loan over 20 years at an interest rate of 8.50% p.a. is approximately ₹51,584.

Who is eligible for ₹60 Lakh Home loan in HSBC Bank?

Individuals aged 21 to 65 years with a stable income, good credit history, and a minimum annual income of ₹5,00,000 for salaried or ₹7,50,000 for self-employed can apply.

What is the monthly interest rate of ₹60 Lakh home loan in HSBC Bank?

The monthly interest rate for a ₹60 Lakh home loan at 8.50% p.a. is approximately 0.71%.

Quick Links

Loan Offers By Hsbc's

Home Loan by Nationalized Bank

Home Loan Calculators

Hsbc Calculators