90 Lakh HSBC Bank Home Loan

Are you looking for a new home for your loved ones but are facing some financial restrictions? 90 Lakh Home Loan from HSBC Bank is available at minimal processing fees and has the lowest interest rates. The interest rates for this type of home loan start at just 8.50% for balance transfer loans and are eligible for any Indian Individual over a specific age and salary value. The applicants can easily use the various interest rate options- fixed and floating- to reduce their monthly instalments and increase the loan's timeline by up to 25 years as salaried individuals. Read this guide to discover more about the various EMI instalments payable for a 90 Lakh Home Loan from HSBC Bank over different loan tenures and the documents required.

90 Lakh Home Loan HSBC Bank – Highlights

The following features and highlights for a 90 Lakh Home Loan from the HSBC Bank will help you compare this financial tool with others:

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

If you want to pay off your HSBC Bank’s 90 Lakh Home Loan, you must pay the following EMI instalments and interest for a loan tenure of 5 years.

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

For a loan tenure of 10 years and an interest rate of 8.50%, the EMI instalment, along with the total interest amount, for a 90 Lakh Home Loan from HSBC Bank comes up to be:

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

The EMI instalment and interest payable for a 15-year-long 90 Lakh Home Loan from HSBC Bank is as follows:

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

For a loan tenure of 20 years, the EMI payment and total interest amount for HSBC Bank’s 90 Lakh Home Loan comes up to be:

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

At an interest rate of 8.50% and with a loan tenure of 25 years, the EMI payment for an HSBC Home Loan worth 90 Lakh comes up to be around:

90 Lakh Home Loan of HSBC Bank – Charges

Stamp duty charges for an HSBC Bank 90 Lakh Home Loan are applicable per the respective state’s regulations. The processing fee is only 1% of the total loan amount or INR 10,000, whichever is higher. The bank will collect this fee in two stages: INR 5000+ taxes initially at the time of application and the remaining balance at the time of loan disbursement.

Other than that, the loan takers are not required to pay any foreclosure or prepayment penalties for floating rates. Some situations where this might apply are bulk instalment payments or mid-term changes in interest rate plans from fixed to floating or vice versa. 

Documents Required for a 90 Lakh HSBC Bank Home Loan

The various documents that you will need to submit at the time of availing a 90 Lakh HSBC Home Loan include:

• Proof of income, like your bank statements
• Proof of address, like your electricity bills
• Proof of identity like your Aadhar Card
• Proof of Property purchase and registration, like MOUs from the housing societies 

90 Lakh HSBC Home Loan – Eligibility Criteria

You should meet certain criteria to apply for HSBC Bank’s ₹90 Lakh Home Loan. As a salaried employee, you must earn more than ₹5,00,000, while self-employed individuals should have an income exceeding ₹7,50,000. The loan amount you apply for should be within the range of ₹3,00,000 to ₹6,00,00,000. Applicants must be at least 21 years old. Additionally, the maximum age limit is 58 years for salaried employees, 60 years for government employees, and 65 years for self-employed individuals.