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Compare HSBC Bank vs GIC Housing Finance Home Loan

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Bank
Interest Rate
Interest Rate
6.45% - 6.45%
10.25% - 10.25%
Processing Fees
Processing Fees
Upto 1.00%
Max ₹ 10,000
Min ₹ 2,500;
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 3 Cr
Maximum Tenure
Maximum Tenure
25 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 672
₹ 982
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
PLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
For Women
For Women
N
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3.5/5.0
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Compare Home Loan EMI of HSBC Bank and GIC Housing Finance

Loan Amount HSBC Bank GIC Housing Finance
₹ 10 Lakh ₹ 6,721 ₹ 9,816
₹ 25 Lakh ₹ 16,802 ₹ 24,541
₹ 30 Lakh ₹ 20,163 ₹ 29,449
₹ 50 Lakh ₹ 33,604 ₹ 49,082

Which is a better bank for Home Loan – HSBC Bank or GIC Housing Finance?

HSBC Bank offers lower Home Loan EMI at ₹ 672 on a Home Loan for 25 Years as compared to GIC Housing Finance with a minimum EMI of ₹ 982 for 20 Years. Average customer ratings for HSBC Bank is currently at /5.0 which makes it a good choice for taking a Home Loan.

How does HSBC Bank Home Loan compare with GIC Housing Finance Home Loan?

It is important to do a detailed comparison of HSBC Bank and GIC Housing Finance on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of HSBC Bank Home Loan is 6.45%, which is lower than the lowest interest rate of GIC Housing Finance at 10.25% and hence, HSBC Bank is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, GIC Housing Finance charges a lower processing fees of Nil vs HSBC Bank with a processing fees of 1.00% of loan amount.
  • HSBC Bank is a with its Home Loan rates benchmarked to RLLR. GIC Housing Finance is a with its home loan rates benchmarked to PLR.
  • GIC Housing Finance has an average customer ratings of 3.5, while has an average customer rating of , based on which it is clear that GIC Housing Finance has a high customer service focus, an easy Home Loan process and a quick turnaround.

Which bank offers a lower interest rate on Home Loan – HSBC Bank or GIC Housing Finance?

As per the current rates, HSBC Bank offers a lower interest rate of 6.45% on Home Loan when compared to GIC Housing Finance which offers a Home Loan at 10.25%.

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Home Loan News - Jan 2022
  • 2022-01-21 : Properties to Get Costlier in Gurgaon as New Circle Rates Come into Effect
    The circle rates have been hiked for Golf Course Road, Golf Course Extension Road, Sohna Road, and Dwarka Expressway projects. As a result, homebuyers will have to shell out more money to purchase property, particularly in some upscale areas.
  • 2022-01-21 : PNB Housing Finance Announces Net profit for Q3
    PNB Housing Finance Limited (PNBHFL) has reported a 19 per cent decline in net profit for the quarter ended December 31, 2021, at ₹188 crores compared to ₹232 crores recorded in the same quarter in the previous fiscal.
  • 2022-01-20 : PFC and REC Reduce Lending rates
    The State-run PFC and REC have reduced their lending rates across all types of loans by 40 basis points (bps). The move will help power utilities raise loans at cheaper rates. Also, the power sector non-banking financial companies (NBFC) have already been offering short term loans at a 6.25 per cent interest rate.
  • 2022-01-20 : Union Lenders Approves Reimbursement Amount of ₹974 cr for Pandemic Loan Moratorium.
    The Union Cabinet has approved a sanction of ₹973.74 crores for lenders to reimburse the loan moratorium. Earlier, on March 27, 2020, the Reserve Bank of India (RBI) had announced a loan moratorium on payment of instalments of term loans falling due between March 1 and May 31, 2020, due to the pandemic, which was extended to August 31.
  • 2022-01-19 : Bajaj Home Finance Revises Home Loan Interest Rates
    Bajaj Home Finance has decreased home loan rates, and as a result, you can avail of a home loan at the lowest rates starting at 6.65%.
*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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