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Compare HSBC Bank vs ICICI Bank Home Loan

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Bank
Interest Rate
Interest Rate
6.45% - 6.45%
7.10% - 11.35%
Processing Fees
Processing Fees
Upto 1.00%
Max ₹ 10,000
Min ₹ 3,000;
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 7 Cr
Maximum Tenure
Maximum Tenure
25 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 672
₹ 672
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
RLLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
For Women
For Women
N
Y
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.1/5.0
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Compare Home Loan EMI of HSBC Bank and ICICI Bank

Loan Amount HSBC Bank ICICI Bank
₹ 10 Lakh ₹ 6,721 ₹ 6,720
₹ 25 Lakh ₹ 16,802 ₹ 16,801
₹ 30 Lakh ₹ 20,163 ₹ 20,161
₹ 50 Lakh ₹ 33,604 ₹ 33,602

Which is a better bank for Home Loan – HSBC Bank or ICICI Bank?

HSBC Bank and ICICI Bank have the same interest rate on Home Loan, starting from 6.45%. Lowest EMI of HSBC Bank is ₹ 672 for a maximum tenure of 25 Years. Lowest EMI of ICICI Bank is ₹ 672 for a maximum tenure of 30 Years.

How does HSBC Bank Home Loan compare with ICICI Bank Home Loan?

It is important to do a detailed comparison of HSBC Bank and ICICI Bank 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 ICICI Bank at 7.10% and hence, HSBC Bank is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, ICICI Bank 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. On the other hand, ICICI Bank is a with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • ICICI Bank has an average customer ratings of 4.1, while has an average customer rating of , based on which it is clear that ICICI Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • ICICI Bank offers special discounted rate Home Loan schemes for women, while HSBC Bank currently doesn’t have such schemes for women. Hence, women borrowers should consider ICICI Bank.

Which bank offers a lower interest rate on Home Loan – HSBC Bank or ICICI Bank?

As per the current rates, HSBC Bank offers a lower interest rate of 6.45% on Home Loan when compared to ICICI Bank which offers a Home Loan at 7.10%.

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*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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