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HSBC Home Loan Interest Rates 2022

HSBC Bank Housing Loan Interest Rate -Today

Last Updated 07th Jan 2022

Loan AmountHSBC Bank Repo Rate Home Loan Rate
Upto ₹ 25 Lakh6.45%
₹ 25 Lakh - ₹ 75 Lakh6.45%
₹ 75 Lakh - ₹ 2 Cr6.45%
Above ₹ 2 Cr6.45%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback

HSBC Bank Home Loan Rate

HSBC Bank offers home loans to both salaried individuals and self-employed at a minimum rate starting at 6.45% up to 6.45%. Apart from the interest rate, the bank also has various other charges such as HSBC Bank processing fee - that is charged over and above the loan amount, is non-refundable and has to be paid at the time of loan application and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

HSBC Bank Home Loan Processing Fee and Other Charges

HSBC Bank home loan processing charges are upto 1.00% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. HSBC Bank charges the maximum processing fees at ₹ 10,000 on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees Upto 1.00% of the loan amount; maximum fee of ₹ 10,000
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest rates on HSBC Home Loans Schemes

HSBC Bank offers a housing loan interest rate at 6.45%. If you want to avail of the home loan at the lowest rates, you should have a good CIBIL score, debt-income ratio and repayment capacity. In addition, HSBC Bank home loan interest rates are lower for existing customers of the bank and individuals who are working with reputed corporations with a stable employment history.

Below-mentioned are HSBC Bank home loan rates for multiple housing schemes.

HSBC Bank Home Loan Scheme Interest Rates
HSBC Bank Repo Rate Home Loan6.45%

HSBC Home Loan Interest Rate for Salaried and Self-Employed

The home loan interest rates in HSBC for salaried and self-employed is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 25 Lakh 6.45%
₹ 25 Lakh - ₹ 75 Lakh 6.45%
₹ 75 Lakh - 2 Cr 6.45%
Above ₹ 2 Cr 6.45%

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 25 Lakh 6.45%
₹ 25 Lakh - ₹ 75 Lakh 6.45%
₹ 75 Lakh - 2 Cr 6.45%
Above ₹ 2 Cr 6.45%

HSBC Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount HSBC Home Loan Rate For Women HSBC Home Loan Rate For Govt Employee
Upto ₹ 25 Lakh 6.45% 6.45%
₹ 25 Lakh - ₹ 75 Lakh 6.45% 6.45%
₹ 75 Lakh - 2 Cr 6.45% 6.45%
Above ₹ 2 Cr 6.45% 6.45%

HSBC Home Loan Balance Transfer Interest Rates

HSBC Bank home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to HSBC Bank at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, HSBC Bank offers the loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate HSBC Bank
Maximum Annual Percentage Rate (APR) 6.49% to 6.49%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 5 Years to 25 Years
  • HSBC Bank Home Loan Interest Rate: 6.45% to 6.45%
  • Processing Fee payable to: Upto ₹ 1,000
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 672 for 25 Years ₹ 1,00,000 loan at 6.45% (lowest rate, longest time period) to ₹ 1,954 for 5 Years ₹ 1,00,000 loan at 6.45% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 6.49% to 6.49%
  • Total cost payable over loan tenure: ₹ 1,18,256 for 5 Years loan to ₹ 2,02,627 for 25 Years loan

FAQs

Has HSBC reduced home loan rates?

As per the current rates, HSBC has cut its home loan rates by 0.45% from 6.90% to 6.45%, which is one of the best rates in the market. The new rates are effective from 27 Sep, 2021.

Why should I opt for balance transfer to HSBC Bank?

HSBC Bank offers lowest Home Loan EMI of ₹ 672 per lakh availed at the lowest interest rate 6.45% for a maximum tenure of 25 years. If you are paying an EMI more than ₹ 672 per lakh, you should consider the option for a loan transfer to HSBC from your existing bank. Current HSBC balance transfer rate is 6.50%.

Can HSBC Bank housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with HSBC to lower the home loan rates. Apart from the home loan rates, you can also negotiate over the processing fee.

Can HSBC revise the home loan interest rates for their existing customers?

Yes, HSBC offers concessional rates to the existing customers, and you can negotiate with the bank to offer you the revised home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does HSBC offer a concessional home loan interest rate for women?

Yes, HSBC offers special home loan interest rates for women. As against HSBC home loan rates for male which is 6.45%, the home loan interest rate for women starts at %.

What is the HSBC home loan rate of ₹ 25 Lakh for 15 years?

For home loan upto ₹ 25 Lakh, HSBC provides home loan interest rate starting at 6.45%. However, you can get the lowest rates if you have a good relationship with the bank, work with top corporations, have a good CIBIL score and have stable income sources.

At what interest rate does an HSBC employee get a home loan?

HSBC offers concessional home loan rates of about 1% than the current home loan rates to HSBC employees.

Is HSBC Bank home loan a floating rate loan or fixed-rate loan?

HSBC home loan is offered at both fixed and floating rates. In the case of the fixed-rate, the interest remains the same throughout the tenure. On the other hand, the home loan rates vary as per the market fluctuations for floating home loan rates.

What is the HSBC home loan rate today ?

HSBC home loan rate today is in the range of 6.45% to 6.45%.The bank also charges a processing fee of upto Upto 1.00%, Maximum ₹ 10,000 of the home loan amount.

How much interest does HSBC take on home loans?

The rate of interest on HSBC home loans varies based on your eligibility, such as CIBIL score, age, repayment capacity, income etc. However, HSBC home loan current interest rate 2021 are in the range of 6.45% to 6.45%.


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HSBC Home Loan News - Jan 2022
  • 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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