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HSBC Home Loan Calculator

HSBC Bank Housing Loan EMI Calculator

Last Updated 12th Nov 2021

  • HSBC Bank home loan EMI per ₹ 1 Lakh is ₹ 672, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in HSBC Bank is calculated based on loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for HSBC Bank home loan before applying. Use an online HSBC Bank loan EMI calculator to estimate your EMI.
  • Check HSBC Bank home loan EMI for different tenures at the current HSBC Bank home loan interest rate of 6.45%
  • Loan Amount10 Year Loan15 Year loan25 Year loan
    ₹ 10 Lakh₹ 11,329₹ 8,684₹ 6,721
    ₹ 20 Lakh₹ 22,659₹ 17,367₹ 13,442
    ₹ 30 Lakh₹ 33,988₹ 26,051₹ 20,163
    ₹ 50 Lakh₹ 56,647₹ 43,418₹ 33,604

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HSBC Home Loan EMI Calculator Online

HSBC Bank Home Loan EMI is the fixed amount that you need to pay on a fixed date of the month till the end of repayment tenure. The amount is based on your loan amount, tenure and interest rate. You can calculate your HSBC Bank housing loan EMI in advance to plan your loan payments and expenses using a HSBC Bank home loan calculator. HSBC Bank home loan EMI calculator is an online tool that functions on a mathematical algorithm and gives accurate results without hassle.

Why should you use HSBC Bank Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: HSBC Bank offers the lowest EMI per lakh at . To get the lowest EMI on your home loan, you can compare the EMIs with a different loan amount and tenure. However, it is advisable to check with the bank to know the interest rate you will be eligible for HSBC Bank home loan.
  • Compare HSBC Bank Home Loan EMI: With HSBC Bank home loan EMI Calculator, you can also estimate EMI on your home loan from HSBC Bank with other leading banks in India at the same loan amount and tenure at varying interest rates.
  • Get Detailed Amortisation Schedule: You can calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. If you want to reduce your home loan tenure, you can always consider a home loan balance transfer because other banks may allow you to pay your home loan at low rates.

HSBC Bank Home Loan EMI Calculator to estimate the EMI that fits your budget

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on HSBC Bank Home Loan EMI calculator. The below-mentioned table shows the calculation of HSBC Bank Home Loan at the various combinations of loan amount and years at the lowest rate of 6.45%. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right HSBC Bank Home loan plan for you.

HSBC Bank home loan EMI is calculated for different loan amounts and tenures at 6.45% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 21,709 ₹ 18,566 ₹ 15,720
₹ 50 Lakh ₹ 43,418 ₹ 37,132 ₹ 31,439
₹ 75 Lakh ₹ 65,127 ₹ 55,697 ₹ 47,159
₹ 1 Cr ₹ 86,836 ₹ 74,263 ₹ 62,878

Benefits of using HSBC Bank Home Loan EMI Calculator

HSBC Bank Home Loan Calculator is online and gives instant results with 100% accuracy. The best part is that you can calculate and compare multiple EMIs on different combinations of loan amount, interest rate and tenure. Thus, using HSBC Bank Home Loan EMI Calculator helps you to choose the right amount of EMI that is affordable and also decide on the right loan amount and loan tenure. Further, if you use the MyLoanCare HSBC Bank Home Loan Calculator, you have the option to receive calculated EMIs and amortization schedules for each calculation by mail which can be referred to at a later stage when you are making the final decision to take a loan.

Factors Affecting HSBC Bank Home Loan EMI

Home Loan EMI can be calculated using an online Home Loan Calculator which takes into account factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI HSBC Bank gives a minimum home loan of ₹ 3,00,000 upto a maximum amount of ₹ 10,00,00,000.

Interest Rate

Higher interest rate increases your HSBC Bank housing loan EMI which will increase the total cost of the loan. HSBC Bank current home loan interest rate starts at 6.45%. Do a complete market research and compare rates and calculate EMI online using HSBC Bank home loan calculator before you apply for a home loan.

Loan Tenure

This is the period in which you can repay your home loan in HSBC Bank. Your EMI will be lower if you take a 0 years loan from HSBC Bank as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

HSBC Home Loan EMI Calculator Formula

HSBC Home Loan Calculator calculates EMI based on the following formula.

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how HSBC Bank Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. HSBC Bank home loan amount can range from ₹ 3,00,000 to ₹ 10,00,00,000
  • r = Rate of interest per month. Current HSBC Bank housing loan rate 6.45%.
  • n = tenure in month. For HSBC Bank, maximum home loan tenure is 360 months

Comparison of HSBC Bank Home Loan EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
HSBC Bank 6.45% ₹ 6,288 ₹ 18,864 ₹ 31,439
HDFC 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
ICICI Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
SBI 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098
LIC Housing Finance 6.66% ₹ 6,426 ₹ 19,279 ₹ 32,131
Axis Bank 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098

HSBC Bank Home Loan Amortization Calculator

HSBC Bank Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. HSBC Bank gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Home Loan of ₹ 30 Lakh for 15 years from HSBC Bank at an interest rate of 6.45%. EMI calculated for this loan amount is ₹ 26,051 and the total annual EMIs to be paid annually is ₹ 3,12,610. The EMI schedule of loan for 15 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 30 Lakh over the 15 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 32,197 ₹ 19,905 ₹ 52,102 ₹ 29,80,095
2022 ₹ 1,88,592 ₹ 1,24,018 ₹ 3,12,610 ₹ 28,56,077
2023 ₹ 1,80,353 ₹ 1,32,257 ₹ 3,12,610 ₹ 27,23,820
2024 ₹ 1,71,565 ₹ 1,41,045 ₹ 3,12,610 ₹ 25,82,775
2025 ₹ 1,62,194 ₹ 1,50,416 ₹ 3,12,610 ₹ 24,32,359
2026 ₹ 1,52,200 ₹ 1,60,410 ₹ 3,12,610 ₹ 22,71,949
2027 ₹ 1,41,542 ₹ 1,71,068 ₹ 3,12,610 ₹ 21,00,882
2028 ₹ 1,30,176 ₹ 1,82,434 ₹ 3,12,610 ₹ 19,18,448
2029 ₹ 1,18,055 ₹ 1,94,555 ₹ 3,12,610 ₹ 17,23,893
2030 ₹ 1,05,129 ₹ 2,07,481 ₹ 3,12,610 ₹ 15,16,412
2031 ₹ 91,343 ₹ 2,21,267 ₹ 3,12,610 ₹ 12,95,145
2032 ₹ 76,642 ₹ 2,35,968 ₹ 3,12,610 ₹ 10,59,177
2033 ₹ 60,964 ₹ 2,51,646 ₹ 3,12,610 ₹ 8,07,532
2034 ₹ 44,244 ₹ 2,68,366 ₹ 3,12,610 ₹ 5,39,166
2035 ₹ 26,414 ₹ 2,86,196 ₹ 3,12,610 ₹ 2,52,970
2036 ₹ 7,539 ₹ 2,52,970 ₹ 2,60,508 -₹ 0

In the above illustration, on a HSBC Bank Home Loan of₹ 30 Lakh, taken at the lowest interest rate of 6.45, EMI paid is ₹ 26,051 and an annual total of EMIs is ₹ 3,12,610, the interest component is ₹ 1,89,915 while the principal component is ₹ 1,22,695 in year 1 of loan disbursement. You repay only 4.09% of the total principal after paying 12 EMIs during the first year.

HSBC Bank Home Loan EMI for ₹ 10 Lakh

The following table shows HSBC Bank Housing Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 6.45%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 6.45% 5 Years ₹ 19,543
₹ 10,00,000 6.45% 10 Years ₹ 11,329
₹ 10,00,000 6.45% 15 Years ₹ 8,684
₹ 10,00,000 6.45% 20 Years ₹ 7,426
₹ 10,00,000 6.45% 0 Years

HSBC Bank Home Loan EMI for ₹ 20 Lakh

The following table shows HSBC Bank Housing Loan EMI for ₹ 20,00,000 for different tenures at an interest rate of 6.45%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 6.45% 5 Years ₹ 39,085
₹ 20,00,000 6.45% 10 Years ₹ 22,659
₹ 20,00,000 6.45% 15 Years ₹ 17,367
₹ 20,00,000 6.45% 20 Years ₹ 14,853
₹ 20,00,000 6.45% 0 Years

HSBC Bank Home Loan EMI for ₹ 30 Lakh

The following table shows HSBC Bank Housing Loan EMI for ₹ 30,00,000 for different tenures at an interest rate of 6.45%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 6.45% 5 Years ₹ 58,628
₹ 30,00,000 6.45% 10 Years ₹ 33,988
₹ 30,00,000 6.45% 15 Years ₹ 26,051
₹ 30,00,000 6.45% 20 Years ₹ 22,279
₹ 30,00,000 6.45% 0 Years

HSBC Bank Home Loan EMI for ₹ 50 Lakh

The following table shows HSBC Bank Housing Loan EMI for ₹ 50,00,000 for different tenures at an interest rate of 6.45%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 6.45% 5 Years ₹ 97,714
₹ 50,00,000 6.45% 10 Years ₹ 56,647
₹ 50,00,000 6.45% 15 Years ₹ 43,418
₹ 50,00,000 6.45% 20 Years ₹ 37,132
₹ 50,00,000 6.45% 0 Years

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FAQs

Will the HSBC Bank home loan EMI remain constant or change in future?

No, your HSBC Bank Home Loan EMI can change if you have taken a floating rate loan and there is a change in the repo rate to which the home loan rate has been benchmarked. However, if it is a fixed rate loan, the HSBC Bank Home Loan EMI will remain unchanged throughout the loan tenure unless you request for a change in tenure or prepay your loan amount.

What happens in case of increase or decrease in HSBC Bank interest rate?

HSBC Bank offers floating rate home loans only. If you take a floating rate loan from HSBC Bank, your interest rate and hence EMI will decrease with a cut in the repo rate and increase with an increase in repo rate on the date of reset. This means that your HSBC Bank home loan EMI can keep fluctuating during the loan tenure depending on the changes in interest rates.

Will HSBC Bank home loan EMI change in case of prepayment?

HSBC Bank allows prepayment at nil charges in case of floating rate home loans. When you make a prepayment, the outstanding balance of the principal amount on your HSBC Bank home loan reduces. In this case, you may choose to either keep the EMI same and reduce the loan tenure (that is paying off the loan faster) or reduce the EMI and keep the loan tenure the same (that is paying a lesser amount every month). It is beneficial to keep the HSBC Bank home loan EMI constant and reduce the loan tenure as you pay less interest to the bank in this option. After prepayment, you can calculate your home loan EMI using HSBC Bank home loan calculator.

Why should I calculate HSBC Bank loan EMI before taking a loan?

It is advised to calculate HSBC Bank home loan EMI before taking a home loan. There are several benefits of calculating your HSBC Bank housing loan EMI which can be done using HSBC Bank loan calculator HSBC Bank housing loan EMI calculator as discussed below -

  • In case EMI comes out to be more than your monthly budget, then you have the chance to apply for a lower loan amount which fits your monthly budget and make HSBC Bank EMI affordable.
  • If you already know the EMI you have to pay each month, then you can plan your spends accordingly
  • Based on the EMI amount, you can opt for making a prepayment of your home loan in the future when you have a surplus amount. You can calculate the aftermaths of prepayment using home loan emi calculator HSBC Bank.

What is the EMI for home loan in HSBC Bank?

The HSBC Bank EMI will vary based on loan amount, tenure, rate of interest and can be calculated using HSBC Bank home loan calculator. Based on the lowest rate of 6.45% and maximum tenure of 25 years, the HSBC Bank home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 6,721
₹ 12 Lakh ₹ 8,065
₹ 15 Lakh ₹ 10,081
₹ 30 Lakh ₹ 20,163
₹ 50 Lakh ₹ 33,604

You can compare HSBC Bank home loan EMI for different loan amounts and tenure and then choose the loan amount based on your repayment capacity.

How accurate is a HSBC Bank Housing Loan EMI calculator?

Online HSBC Bank housing loan calculators use technology to calculate the results and hence, if the data entered by you is correct the results should be 100% accurate.The calculator works on a mathematical algorithm based on the formula: P*r* (1+r)^n/([(1+r)^n]-1). Here, P is the loan amount, r is the rate of interest per month and n is the tenure in month. The HSBC Bank home loan emi calculator is far better than manual calculations , as chances of error are less.

How to pay your HSBC Bank Home loan EMI Online?

To pay the EMI of HSBC Bank home loan, you can log in to your net banking account as provided during the time of availing the loan and pay using your savings account or debit/credit card. You can also visit the branch and submit the cheque of your EMI.

How is HSBC Bank home loan EMI calculated?

The HSBC Bank Home loan EMI calculation formula is as follows:
E = [P x R x (1+R)^N]/[(1+R)^N-1] where
‘E’ means Equated monthly instalments
‘P’ means the principal amount
‘N’ is the number of monthly instalments
‘R’ is the interest rate per month.

What is the EMI for ₹ 10 Lakh home loan in HSBC Bank?

You can use a 10 lakh home loan emi calculator HSBC Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 6.45% 10 years loan ₹ 11,329
₹ 10 Lakh 6.45% 15 years loan ₹ 8,684
₹ 10 Lakh 6.45% 20 years loan ₹ 7,426

What is the EMI for ₹ 20 Lakh home loan in HSBC Bank?

You can use a 20 lakh home loanemi calculator HSBC Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 6.45% 10 years loan ₹ 22,659
₹ 20 Lakh 6.45% 15 years loan ₹ 17,367
₹ 20 Lakh 6.45% 20 years loan ₹ 14,853

What is the EMI for ₹ 30 Lakh home loan in HSBC Bank?

You can use a 30 lakh home loan emi calculator HSBC Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 6.45% 10 years loan ₹ 33,988
₹ 30 Lakh 6.45% 15 years loan ₹ 26,051
₹ 30 Lakh 6.45% 20 years loan ₹ 22,279

What is the EMI for ₹ 50 Lakh home loan in HSBC Bank?

You can use a 50 lakh home loan emi calculator HSBC Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 6.45% 10 years loan ₹ 56,647
₹ 50 Lakh 6.45% 15 years loan ₹ 43,418
₹ 50 Lakh 6.45% 20 years loan ₹ 37,132

What is the EMI for a 25 lakhs home loan in HSBC Bank and how is it calculated?

EMI for ₹ 25 lakhs will be as follows for three different tenure, as per 25 lakh home loan emi calculator HSBC Bank:--

Loan amount Interest rate Tenure EMI
₹ 25 Lakh 6.45% 10 years loan ₹ 28,323
₹ 25 Lakh 6.45% 15 years loan ₹ 21,709
₹ 25 Lakh 6.45% 20 years loan ₹ 18,566

What is the EMI for 12 lakhs home loan in HSBC Bank?

A borrower will pay ₹ 11,992 if he/she takes a loan for 12 years at an interest rate of 6.45%. The 12 lakh home loan emi HSBC Bank may vary across HSBC Bank home loan interest rate.

Compare Home Loan EMI of All Banks


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HSBC Home Loan News - Nov 2021
  • 2021-10-19 : HSBC Bank Cuts Home Loan Interest Rate
    HSBC Bank has reduced home loan interest rate by 35 basis points. Currently, the bank is offering a home loan at an interest rate of 6.45 percent. The processing fee on a home loan is Rs 10,000.
  • 2021-10-04 : HSBC Bank Reduces Home Loan Balance Transfer Rates
    HSBC Bank has reduced home loan balance transfer rates by 10 basis points (bps). Now the bank is offering a home loan at 6.45% to the borrowers who want to transfer the loan. The lender has also waived off processing fees for the borrowers.
  • 2021-08-24 : HSBC Bank reduces home loan rate by 0.56%
    HSBC Bank- India’s leading financial institution- has revised the home loan interest rate. The interest rate charged on a home loan is 6.64%, earlier it was 7.20%. A processing fee of a total of 1% of the loan amount sanctioned or ₹10,000 (whichever is lower) will be charged.
  • 2021-08-11 : HSBC Bank increases interest rate on home loan
    HSBC Bank has increased home loan interest rate by 0.40%. Now, the lender is offering home loans at 7.20% to the salaried employees and the interest rate for self-employed and businessmen is 7.30%.
  • 2021-01-15 : HDFC Bank revised its home loan rates
    HDFC banks revised its home loan rates. The lowest home loan for customers above the CIBIL score of 750 is 6.80%.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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