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HSBC Loan Against Property EMI Calculator

HSBC Bank Mortgage Loan EMI 2021

Last Updated 23rd Jun 2021

Get monthly EMI as low as ₹ 1,062 per lakh on HSBC Bank loan against property. Mortgage loan EMI in HSBC Bank depends upon the type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate. Check Best Offers.

  • Use HSBC Bank mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check HSBC Bank property loan EMI for different tenures at the current rate of 9.80%
Loan Amount5 Year Loan7 Year loan15 Year loan
₹ 10 Lakh₹ 21,149₹ 16,498₹ 10,624
₹ 25 Lakh₹ 52,872₹ 41,245₹ 26,560
₹ 40 Lakh₹ 84,595₹ 65,992₹ 42,496
Apply for Loan Against Property @ 7.20%* Get upto ₹ 1,000* Cashback
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Loan Against Property EMI Calculator HSBC Bank

You can calculate your HSBC Bank loan against property EMI in advance to plan your expenses using a HSBC Bank mortgage loan calculator. HSBC Bank loan against property EMI calculator is an online tool that gives accurate results without hassle.

Why should you use HSBC Bank Loan Against Property EMI Calculator?

  • Calculate the EMI at Different Tenures : With HSBC Bank LAP EMI Calculator, you can compare the EMI on your loan against property with different loan tenures and loan amount. However, you must check the interest rate on HSBC Bank loan against property to calculate the EMI. As per the current rates, HSBC Bank offers the lowest EMI per lakh of ₹ 1,062 at 9.80 %
  • Compare HSBC Bank LAP EMI : You can also get a precise estimate on your loan against property compared to other banks at the same loan amount and tenure by using HSBC Bank loan EMI Calculator. On the basis of HSBC Bank Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : HSBC Bank Loan against EMI Calculator helps you to calculate the division of total EMIs into interest and principal repayment at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance : Finally, you can also use HSBC Bank EMI Calculator to calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Thus, it can help you reduce your loan tenure by prepayment or foreclosure or to avail loan at a lower rate with balance trasnfer.

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

To calculate the EMI against HSBC Bank EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the HSBC Bank Loan against property EMI calculator. The table below shows the HSBC Bank EMI calculation at the various combinations of loan amount and years at the lowest rate of 9.80%.

HSBC Bank Loan against property EMI is calculated for different loan amounts and tenures at 9.80% interest rate

Loan Tenure
Loan Amount (Rs.)10 years15 years20 years
EMI on ₹ 15,00,000 ₹ 19,657 ₹ 15,936 ₹ 14,277
EMI on ₹ 25,00,000 ₹ 32,761 ₹ 26,560 ₹ 23,795
EMI on ₹ 40,00,000 ₹ 52,418 ₹ 42,496 ₹ 38,072
EMI on ₹ 60,00,000 ₹ 78,627 ₹ 63,744 ₹ 57,108

Factors Affecting HSBC Bank Property Loan EMI

You can calculate HSBC Bank EMI for your loan against property using an online LAP EMI Calculator, which considers 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 on loan against property. You can avail of HSBC Bank loan against property for an amount ranging between ₹ 3,00,000 to ₹ 10,00,00,000.

Interest Rate

A higher interest rate increases your HSBC Bank loan against property EMI, increasing the total cost of the loan. As per the current rates, HSBC Bank provides loan against property at rates starting at 9.80%. Before applying for a loan, you must compare LAP rates and calculate EMI online using HSBC Bank loan against property loan calculator.

Loan Tenure

Your EMI will be lower if you avail mortgage loan for a maximum tenure of 15 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.

Comparison of HSBC Bank Loan Against Property 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 9.80% ₹ 10,624 ₹ 31,872 ₹ 53,120
HSBC Bank 9.80% ₹ 10,624 ₹ 31,872 ₹ 53,120
Union Bank of India 9.80% ₹ 11,836 ₹ 35,507 ₹ 59,178
Canara Bank 9.95% ₹ 16,575 ₹ 49,726 ₹ 82,877
Syndicate Bank 9.95% ₹ 13,187 ₹ 39,562 ₹ 65,937
Indiabulls 9.99% ₹ 13,210 ₹ 39,629 ₹ 66,048
Cholamandalam 10.00% ₹ 10,746 ₹ 32,238 ₹ 53,730
Federal Bank 10.10% ₹ 13,271 ₹ 39,812 ₹ 66,353
Standard Chartered Bank 10.10% ₹ 10,807 ₹ 32,422 ₹ 54,037
Indian Bank 10.50% ₹ 16,861 ₹ 50,582 ₹ 84,303
Dhan Laxmi Bank 10.60% ₹ 11,116 ₹ 33,348 ₹ 55,580

HSBC Loan Against Property Amortization Calculator

The amortization schedule breaks the month-wise calculation of principal and interest amount you will be paying in the form of your EMIs. In simple words, with each month’s EMI, the share of interest and the principal amount keeps changing, while the former keeps on reducing the later keep on increasing. That’s why if you decide to prepay your loan in the first few years you will find out that you have paid a very small proportion of the principal sum. Let us understand this better with the help of an illustration.

Illustration: How to read an amortization schedule

Suppose you borrow a Loan Against Property of ₹ 20 Lakh from HSBC for 10 years at an interest rate of 9.80%, the EMI calculated for this loan amount would be ₹ 26,209 and the total annual EMIs to be paid annually is ₹ 3,14,510. The HSBC Loan Against Property EMI schedule for 10 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 20 Lakh over the 10 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 96,777 ₹ 60,478 ₹ 1,57,255 ₹ 19,39,522
2022 ₹ 1,84,329 ₹ 1,30,181 ₹ 3,14,510 ₹ 18,09,341
2023 ₹ 1,70,982 ₹ 1,43,527 ₹ 3,14,510 ₹ 16,65,814
2024 ₹ 1,56,267 ₹ 1,58,242 ₹ 3,14,510 ₹ 15,07,571
2025 ₹ 1,40,044 ₹ 1,74,466 ₹ 3,14,510 ₹ 13,33,105
2026 ₹ 1,22,157 ₹ 1,92,353 ₹ 3,14,510 ₹ 11,40,752
2027 ₹ 1,02,436 ₹ 2,12,074 ₹ 3,14,510 ₹ 9,28,678
2028 ₹ 80,693 ₹ 2,33,816 ₹ 3,14,510 ₹ 6,94,862
2029 ₹ 56,722 ₹ 2,57,788 ₹ 3,14,510 ₹ 4,37,074
2030 ₹ 30,292 ₹ 2,84,218 ₹ 3,14,510 ₹ 1,52,856
2031 ₹ 4,399 ₹ 1,52,856 ₹ 1,57,255 -₹ 0

Each HSBC Loan Against Property EMI consists of both amounts of interest as well as the principal repaid. The interest component of EMI goes down while the principal component goes up in both cases while doing the calculation.

As you assess the amortization table, you will find that by the end of 1st year 39.42% of your EMI has been used to repay the principal amount. This means that the remaining 60.58% of the EMI went into interest payment. Thus, you end up paying only 6.2% of the loan amount of ₹ 20 Lakh after paying 12 EMIs in the first year to HSBC.

In year 10, the interest component of HSBC EMI is around 5.11%, while the principal component is around 94.89%. Upto 10 years, you have cumulatively repaid 100% of your total HSBC Loan Against Property.

HSBC Bank Loan Against Property EMI for ₹ 10 Lakh

The following table shows EMI on HSBC Bank loan against property for ₹ 10,00,000 for different tenures at an interest rate of 9.80%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 9.80% 5 Years ₹ 21,149
₹ 10,00,000 9.80% 10 Years ₹ 13,105
₹ 10,00,000 9.80% 12 Years ₹ 11,836
₹ 10,00,000 9.80% 15 Years ₹ 10,624

HSBC Bank Loan Against Property EMI for ₹ 25 Lakh

The following table shows HSBC Bank loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 9.80%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 9.80% 5 Years ₹ 52,872
₹ 25,00,000 9.80% 10 Years ₹ 32,761
₹ 25,00,000 9.80% 12 Years ₹ 29,589
₹ 25,00,000 9.80% 15 Years ₹ 26,560

HSBC Bank Mortgage Loan EMI for ₹ 30 Lakh

The following table shows HSBC Bank loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 9.80%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 9.80% 5 Years ₹ 63,446
₹ 30,00,000 9.80% 10 Years ₹ 39,314
₹ 30,00,000 9.80% 12 Years ₹ 35,507
₹ 30,00,000 9.80% 15 Years ₹ 31,872

FAQs

Will the HSBC Bank Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

HSBC Bank Loan against property may change as per the borrower’s financial ability or in case of floating rate of interests offered by the lender. The consequences of the change in HSBC Bank LAP EMI are listed as follows:

  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by HSBC Bank subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).
  • In case the floating rate of interest on your loan increases, HSBC Bank will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case, the interest rates increase to the extent that the revised loan tenure is more than the maximum permissible by HSBC Bank, the bank may increase your EMI amount.

Will HSBC Bank Loan Against Property EMI change in case of prepayment?

Similar to all loans, HSBC Bank Loan against property also offers the prepayment facility to the loan borrowers. Prepayment of loan leads to certain changes as listed below:

  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you to pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying a lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
  • Note that HSBC Bank may levy prepayment charges except on floating rate property loans sanctioned to individuals.

How does EMI calculator calculate HSBC Bank Loan Against Property EMI?

HSBC Bank Loan against property emi calculator is a reliable and time-saving tool to calculate the LAP EMI. It functions as follows:

  • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
  • HSBC Bank mortgage loan calculator calculates EMI on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.

How much loan can I get against my property from HSBC Bank?

You can avail of a maximum loan of ₹ 10,00,00,000, depending on the value of the property. However, the loan amount cannot be more than 65% of the property value. HSBC Bank assesses the property before approving your mortgage loan application.

How to pay your HSBC Bank Mortgage loan EMI Online?

You can pay the HSBC Bank mortgage loan EMI by logging in to your net banking account as provided when availing of the loan using your savings account or debit/credit card. You can also visit the HSBC Bank branch to submit the cheque of your EMI.

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

To determine different EMI for different tenures, you can use a 10 lakh loan against property EMI Calculator. Consider this example for a better understanding.

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 9.80% 5 years ₹ 21,149
₹ 10 Lakh 9.80% 10 years ₹ 13,105
₹ 10 Lakh 9.80% 12 years ₹ 11,836
₹ 10 Lakh 9.80% 15 years ₹ 10,624

How is HSBC Bank loan against property EMI calculated?

You can calculate HSBC Bank LAP EMI using the mathematical formula mentioned below or using an online HSBC Bank LAP EMI Calculator.

  • 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 ₹ 20 Lakh Loan against property in HSBC Bank?

To determine different Loan against property EMI HSBC Bank for different tenures, you can use a 20 lakh loan against property Calculator, as reflected in the table below:

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 9.80% 5 years ₹ 42,298
₹ 20 Lakh 9.80% 10 years ₹ 26,209
₹ 20 Lakh 9.80% 12 years ₹ 23,671
₹ 20 Lakh 9.80% 15 years ₹ 21,248

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

To determine different HSBC Bank EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 9.80% 5 years ₹ 63,446
₹ 30 Lakh 9.80% 10 years ₹ 39,314
₹ 30 Lakh 9.80% 12 years ₹ 35,507
₹ 30 Lakh 9.80% 15 years ₹ 31,872

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

To estimate HSBC Bank EMI for different loans against property tenures, you can use a 50 lakh mortgage Calculator. The results are mentioned as follows:

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 9.80% 5 years ₹ 1,05,744
₹ 50 Lakh 9.80% 10 years ₹ 65,523
₹ 50 Lakh 9.80% 12 years ₹ 59,178
₹ 50 Lakh 9.80% 15 years ₹ 53,120


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HSBC Loan Against Property News - Jul 2021
  • 2019-07-03 : HSBC lowers MCLR rates by 5 basis points
    HSBC has cut its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points. The move is supposed to make customer loans like home loans and mortgage loans cheaper. For six-months and one-year tenure, the rate has been revised to 8.70% and 8.75% from the earlier rate of 8.75% and 8.80% respectively while the rate for other loan tenure has remained unchanged.
  • 2019-04-03 : HSBC Bank reduces MCLR rates by 10 basis points
    HSBC Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) by 10 basis points across all tenors for the month of April. The move is supposed to make home loans, auto loans and mortgage loans cheaper. Now for 6 months, the MCLR stands at 8.75% as compared to 8.85% earlier while for 3 months, the rate has been revised to 8.50% from 8.60% respectively. The revised rates are effective from April 1, 2019.
  • 2017-10-23 : Jayant Rikhye to be HSBC India CEO
    Hongkong and Shanghai Banking Corp (HSBC) has appointed Jayant Rikhye as India CEO effective from December 1. Currently the group general manager, head of strategy and planning and regional head for the bank in 11 markets in Asia Pacific, Rikhiye will be the first Indian in 8 years to be promoted as the CEO at HSBC.
*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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