HSBC Home Construction Loan

HSBC Bank offers flexible construction loans to help you build your dream home. Whether you're constructing a new house from the ground up or taking on a major renovation project, our flexible financing solutions can meet your needs. HSBC Bank’s Construction Loans come with competitive interest rates, making HSBC an excellent choice for your building journey. Every construction project is unique, and HSBC’s loan offerings reflect this. You can benefit from simplified application processes and expert advice every step of the way. Whether you opt for a house or a general home construction loan, HSBC provides clear terms and options for different budgets and project scales. Trust HSBC to support your construction goals with financial solutions that make sense.

HSBC Bank Construction Loan Interest Rates

The interest rates and other key parameters of the HSBC Bank Construction Loan are given in the table below:

HSBC Bank Construction Loan Fees & Charges

Here are the additional costs and fees linked to the HSBC Bank construction loan:

HSBC Bank Construction Loan Eligibility: For Salaried Individuals

Following are the eligibility criteria that salaried individuals must meet if they intend to avail of an HSBC Bank Construction Loan:

• Minimum Income of Rs 5 Lakhs per annum
• Minimum Age: 21 years
• Maximum Age: 58 years (For Government/Public Employees: 60 years)

HSBC Bank Construction Loan Eligibility: For Self-Employed Individuals

To be able to avail of a construction loan from HSBC Bank, self-employed individuals need to meet the following eligibility criteria:

• Minimum Income: Rs 7,50,000 per annum
• Minimum Age: 21 Years
• Maximum Age: 65

HSBC Bank Construction Loan Documents Required For Salaried

For salaried individuals, the following documents must be available for applicants to apply for an HSBC Bank Construction Loan successfully.

• A passport-sized photo attached to a fully completed application form.
• Proof of Identity (choose one): Passport, Voter ID, Driving License, PAN Card, Aadhaar Card.
• Proof of Residence (choose one): Passport, Voter ID, Driving License, Electricity bill, Water bill, Telephone bill, Gas bill, Property tax bill, Address proof domicile certificate issued by Municipal Corporation.
• Proof of Age (choose one): Passport, Driving License, PAN Card.
• Recent three months’ pay slips with statutory deductions displayed.
• Bank account statements from the past three months indicating the last three salary deposits.

HSBC Bank Construction Loan Documents Required For Self-Employed

Self-employed individuals must provide the following documents to successfully apply for a Construction Loan from HSBC Bank.

• A duly filled application form with a passport-sized photograph is attached.
• Identification Proof (select one): Passport, Voter ID, Driving License, PAN Card, Aadhaar Card.
• Residential Proof (select one): Passport, Voter ID, Driving License, Society outgoing bill, Electricity bill, Water bill, Telephone bill, Gas bill (pipeline connection only), Property tax bill, Municipal Corporation domicile certificate with address.
• Age Verification (select one): Passport, Driving License, PAN Card.
• Recognised income tax returns from the past two years (including electronic acknowledgement),
• A profit and Loss account and balance sheet certified or audited by a Chartered Accountant, alongside a detailed income calculation for the past two years, including all attachments and the auditor’s report.
• Bank statements for the primary account spanning the last six months.
• Partners of a partnership firm must also provide a Partnership Deed.
• Directors of Private Limited companies must also submit either the Shareholding Pattern, the Memorandum and Articles of Association duly certified by a Chartered Accountant, or a List of Directors.

Features of HSBC Bank Construction Loan

The following features of the HSBC Bank Construction Loan make it a viable option:

• Competitive interest rates
• Flexible Loan Amount
• Hassle-free Disbursement Process
• Less time-consuming documentation
• Pocket-friendly EMIs