75 Lakh HSBC Bank Home Loan

Homeownership is a dream for any individual, but with the increasing costs in the modern world, it is impossible to make lump sum payments. This scenario is why EMI instalments are the only way to make this dream a reality, and Urban Money is here to help by guiding you to the HSBC Bank’s ₹75 Lakh Home Loan. This financial tool will help you purchase a home or an under-construction plot in any locality and make flexible payments in the coming years. Starting at the lowest interest rate of 8.50%, the HSBC Bank’s 75 Lakh Home Loan allows you to make no-charge prepayments, zero foreclosure fees and schedule payments according to your financial plans. Learn more about this loan in the following guide, along with its important features and documents required for its application.

75 Lakh Home Loan HSBC Bank- Highlights

75 Lakh Home Loan EMI for 5 Years from the HSBC Bank

If you want to repay your 75 Lakh Home Loan from HSBC Bank within five years, here are the EMI estimates and total interest payable at an interest rate of 8.50%.

75 Lakh Home Loan EMI for 10 Years from the HSBC Bank

For a time duration of 10 years, the estimated EMI payment and interest for HSBC Bank’s 75 Lakh Home Loan is:

75 Lakh Home Loan EMI for 15 Years from the HSBC Bank

With an interest rate of 8.50% and a time duration of 15 years, the EMI cost and interest payable for HSBC Bank’s 75 Lakh Home Loan is as follows:

75 Lakh Home Loan EMI for 20 Years from the HSBC Bank

For a loan tenure of 20 years, the EMI payment and interest payable for a 75 Lakh Home Loan from HSBC Bank is:

75 Lakh Home Loan EMI for 25 Years from the HSBC Bank

Over 25 years, the EMI payment for a 75 Lakh Home Loan from HSBC Bank with an interest rate of 8.50% and interest payable is:

75 Lakh Home Loan of HSBC Bank – Charges

The following fees are applicable for a 75 Lakh Home Loan from HSBC Bank:

• 1% of the total loan amount as the processing fee or INR 10,000 (Whichever is higher)
• To be collected in 2 instalments- INR 5000+ Taxes initially and remaining at the time of reimbursement 
• There is no prepayment charge for a floating interest rate
• Foreclosure Charge only for bulk payments, mid-term changes in interest rates or tenure changes 
• Stamp Duty as per the state laws

Documents Required for a 75 Lakh HSBC Bank Home Loan

While HSBC Bank has not given any official list of documents for this loan application, applicants can still expect the bank to ask them for general documents. Some of these can include:

• Identity-proving documents 
• Address-proof as mentioned in the bills/ documents 
• Documents related to property purchase and ownership 
• Income-related documents for proving individuals’ repayment capabilities 

75 Lakh HSBC Home Loan – Eligibility Criteria

If you want to apply for HSBC Bank’s 75 Lakh Bank Home Loan, you should:

• Earn more than INR 5,00,000 as a salaried employee
• Have an income of more than INR 7,50,000 as a self-employed individual
• Only apply for loans ranging between INR 300,000 and INR 600,000,000 
• Be at least 21 years of age 
• Be within age 58 as a salaried employee, 60 years as a government employee and 65 years as a self-employed individual.