85 Lakh HSBC Bank Home Loan

Dreaming of a lavish home that reflects your success? HSBC Bank’s ₹85 Lakh Home Loan is the perfect solution. The competitive interest rates and flexible repayment terms allow you to make your dream home a real thing without compromising your financial stability. This loan can help you get both a luxurious villa and a modern apartment. Also, ₹85 lakh loan EMI calculator can help you find the perfect property to suit your needs and your budget.

₹85 Lakh Home Loan HSBC Bank – Highlights

Here are some key highlights of the ₹85 Lakh Home Loan from HSBC Bank:

₹85 Lakh Home Loan EMI for 5 Years HSBC Bank 

HSBC Bank housing loan EMI for ₹85 Lakh is:

₹85 Lakh Home Loan EMI for 10 Years HSBC Bank 

Here are the ₹85 Lakh home loan EMI for 10 years HSBC Bank:

₹85 Lakh Home Loan EMI for 15 Years HSBC Bank

For an amount of ₹85 lakh, the EMI for 15 years is as follows:

₹85 Lakh  Home Loan EMI for 20 Years HSBC Bank

₹85 Lakh  home loan EMI for 20 years HSBC Bank are as follows:

₹85 Lakh Home Loan EMI for 25 Years HSBC Bank 

HSBC Bank home loan of ₹85 Lakh  EMI for 25 years is as follows:

₹85 Lakh HSBC Bank Home Loan – Fees and Charges

For a home loan from HSBC Bank, the fees and charges include a processing fee, set at 1% of the loan amount or ₹10,000, whichever is higher. This fee is split into two parts, with ₹5,000 paid upfront and the remaining amount due before loan disbursal. If you opt for a floating-rate loan, there are no pre-payment or foreclosure charges. However, if you choose a fixed-rate loan, there is a pre-payment fee of ₹5,000 plus 5% of the principal amount being paid off, along with any applicable taxes. Additionally, if you switch to a Repo Linked Lending Rate (RLLR), a one-time fee of up to ₹2,500 plus taxes may be charged. Stamp duty is also payable on the security documents as per local laws. Legal and valuation fees are typically applicable, though specific amounts may vary depending on the property’s location and valuation requirements. Lastly, property insurance is mandatory, covering risks like fire, earthquakes, and floods, with HSBC named as the beneficiary.

₹85 Lakh  HSBC Bank Home Loan – Documents Required

Following are the documents required to get a home loan of ₹85 Lakh sanctioned from HSBC Bank:

• Identification: A valid government-issued photo ID (e.g., passport, driver’s license, Aadhaar card).
• Address: Proof of residence (e.g., utility bills, rental agreement, Aadhaar card).
• Income:

• Credit Score Report: This report indicates the credit history of the applicant and credit score.

₹85 Lakh  HSBC Bank Home Loan – Eligibility Criteria

Applicants must fulfil a number of essential requirements in order to be eligible for a home loan from HSBC Bank. The minimum yearly income required for salaried workers is ₹5,00,000, whilst self-employed individuals must earn at least ₹7,50,000. At the time of application, the applicant must be at least 21 years old. The maximum age for salaried individuals is 58 years old (or 60 years old for those working in public limited/government sectors), while the maximum age for self-employed individuals is 65 years old at the time of loan maturity. Salaried workers need to have worked in a permanent position for at least two years, and self-employed workers need to have operated their firm for at least three years. Depending on the applicant’s relationship with the bank, the property’s location and kind, the loan amount offered varies from ₹3,00,000 to ₹60,00,00,000.

Some of the important additional criteria for ₹85 Lakh  home loan eligibility at HSBC Bank are as follows: