HSBC Loan Against Property Interest Rate Calculator - Mar 2017

HSBC Bank Loan Against Property Interest Rates

Last Updated 29th Mar 2017
Interest Rate 10.10% - 10.10%
Check Special Offers
Lowest EMI Rs. 1,081 per lakh
Max Tenure 15 years
Processing Fee Upto 1.00%
Prepayment, Foreclosure Charges Allowed with nil charges for floating rate loans to individuals
Age Min 21 and Max 58 years for Salaried
Min 21 and Max 65 years for Self Employed
Apply Loan Against Property Online @9.50%*
 Salaried   Self Employed - Professional   Self Employed - Business 

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HSBC Bank Loan Against Property

HSBC Bank offers Loan Against Property to the customers if they need to expand their business or want money for personal use. The loan is given upto 0% of the market’s value for tenure of 15 years.

Loan Against Property HSBC

Loan Against Property interest rates offered by HSBC Bank depends upon MCLR
  • Floating rates changes with a single change in HSBC Bank MCLR rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates
HSBC Bank offers Property Loan based on 1 Year MCLR which is currently 8.00%
HSBC Bank mortgage loan interest rate depends upon
  • Loan amount: HSBC Bank mortgage loan rate depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • Company where you work: HSBC Bank has a list of companies to which they lend Loan Against Property. Interest rate will be less if your company is listed
  • Your Salary: Income helps you in identifying your rate of interest. HSBC Bank interest rate varies with your monthly income. Higher the income, less will the rate of interest

Loan Against Property Charges

Foreclosure Charges - These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. HSBC Bank allows prepayment of loan against property with Nil prepayment charges
Processing Fee - HSBC Bank asks for a processing fee of 1.00% of loan amount with applicable service tax

HSBC Loan Against Property EMI Calculator

Loan Against Property EMI of HSBC Bank is a fixed amount that you pay each month towards the repayment of your Loan till the end of tenure
  • HSBC Bank Property Loan EMI calculator helps you to calculate your monthly EMI at different rate of interest and also check lowest EMI per lakh on Loan Against Property
  • You can plan your loan amount according to your monthly repayment capacity because higher the loan amount, higher will be the EMI
  • Rate of interest is an important factor which affects your EMI. Higher the interest rate, higher will be the EMI
  • Loan tenure matters equally as higher tenure reduces your EMI
What are the benefits of calculating HSBC Loan Against Property EMI?
  • HSBC Bank Property Loan EMI calculator helps you to calculate your monthly EMI at different rate of interest
  • HSBC Bank EMI calculator for Loan Against Property helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

HSBC Loan Against Property Eligibility Calculator

Loan Against Property eligibility criteria HSBC Bank
Eligibility of Loan Against Property in HSBC Bank relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Age: HSBC Bank offers loan against property for a maximum tenure of 15 years if the borrower’s age does not exceed above 58 years for salaried and 65 years if you are self employed. Apply for loan at smaller age, higher will be the chances of loan approval
  • Value of the property: HSBC Bank decides your loan amount based on the market value of the property which you place as your collateral for the loan. HSBC Bank lends less than the market value of the property. As per RBI guidelines, the borrower also has to show some contribution. Ratio of loan amount to value of home is called Loan to Value (LTV) ratio. HSBC Bank gives maximum LTV of 0% for property loans depending upon market value of the property
  • Repayment capacity of the borrower: Your eligibility to take loan against property depends upon the maximum EMI that you can pay. HSBC Bank checks your past CIBIL history, repayment record of credit cards and existing loans that can impact your loan against property eligibility. If you have any other loan running whose EMI you are paying currently, then you are supposed to close your loan to get higher loan against property eligibility. HSBC Bank does not specify any particular CIBIL score for being eligible for a property loan. However, it is observed that a score of 700 and above is desirable
    To reduce your burden of higher EMIs, HSBC Bank gives you a maximum tenure of 15 years for a maximum loan amount of Rs.100,000,000 with a minimum spread of % over 1 Year MCLR. Opt for a loan tenure that suits you and higher the loan tenure, higher will be loan amount eligibility
  • Income: Loan against property are mostly taken by the people who are self employed in order to expand their business. However, in order to increase the loan amount you may club the income of family members like your spouse, parents, children and siblings
Estimated eligibility online by using Eligibility Calculator.
Popular Products:
  • Loan Against Commercial Property
  • Residential Property Mortgage Loan

HSBC Bank Floating Rate Loan Against Property

HSBC Bank Loan Against Property Floating
Upto Rs. 2,500,000 - 10.10%
Rs. 2,500,001 - 7,500,000 - 10.10%
Rs. 7,500,001 - 30,000,000 - 10.10%
Above Rs. 30,000,000 - 10.10% linked to 1 Year MCLR

HSBC Bank Loan Against Property Top up, Transfer

Transfer of Loan Against Property from another bank to HSBC Bank?
HSBC Bank offers loan against property balance transfer from another bank. This is subject to your meeting other eligibility criteria of HSBC Bank
You can avail additional top-up loan against property from SBI, subject to your eligibility

Loan Against Property HSBC documents required

Loan Against Property for Salaried employee HSBC Bank documents required

  • Filled up loan application form
  • 2 Passport Size Photo
  • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
  • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  • Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit

Loan Against Property for Self-Employed HSBC Bank documents required

  • Filled up loan application form
  • 2 Passport Size Photo
  • Identity Proof - Passport/ Driving License/ Voter ID/ PAN
  • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile

Property documents for Loan Against Property from HSBC Bank

  • Registered Sale Deed/ Conveyance/ Lease Deed
  • Past Sale Deeds Chain (each transaction in respect of this property since first allotment
  • Latest House Tax Return/ Receipt
  • Approved Building Plan from Municipal Corporation
Past trends of MCLR of HSBC Bank
08th Feb 17: 0% repo none by RBI
07th Dec 16: 0% repo none by RBI
24th Nov 16 9.00% decreased by 0.1%
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
09th Nov 15 9.10% decreased by 0.15%
29th Sep 15: 0.5% repo cut by RBI
07th Sep 15 9.25% decreased by 0.2%
02nd Jun 15: 0.25% repo cut by RBI
04th Mar 15: 0.25% repo cut by RBI
09th Feb 15 9.45% decreased by 0.25%
15th Jan 15: 0.25% repo cut by RBI
01st Sep 14 9.70% decreased by 0.3%
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
21st Oct 13 10.00% increased by 0.25%
20th Sep 13: 0.25% repo hike by RBI
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
29th Jan 13: 0.25% repo cut by RBI
17th Apr 12: 0.5% repo cut by RBI
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
02nd Aug 11 9.75% increased by 0.5%
26th Jul 11: 0.5% repo hike by RBI
04th Jul 11 9.25% increased by 0.25%
16th Jun 11: 0.25% repo hike by RBI
12th May 11 9.00% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
09th Mar 11 8.50% increased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
04th Jan 11 8.00% increased by 0.5%
02nd Nov 10: 0.25% repo hike by RBI
01st Oct 10 7.50% increased by 0.5%
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI
01st Jul 10 7.00%

HSBC MCLR Vs. RBI Repo Rate Trend

Frequently Asked Questions

What are the five things to check before applying for loan against property in HSBC ?

  • Property on which you intend to take loan is not a vacant land, has an approved map plan and is in municipal area. You must attach the entire chain of title documents of the property and its approved building plan with the loan application.
  • Your existing EMI’s on all loans and credit cards (from HSBC Bank and other banks) are no more than 60 - 70% of your net monthly income
  • You have not defaulted on loans or credit card dues to HSBC Bank and other banks and all EMI's have been paid. Note that HSBC Bank can see record or status of your EMI defaults to all banks and NBFC’s in India and not just to HSBC Bank in your CIBIL report. Estimate your CIBIL score for free by using CIBIL score estimate calculator
  • If you are salaried, ensure that you attach your recent salary slips, bank statements and last 3 years' Form 16 with the loan applicantion
  • If you are self employed in your own business or practice, your business must have been in existence for at least three years and last three income tax returns with audited financials must be available

Will HSBC mortgage loan interest rate remain fixed or will it change in future?

  • Floating interest rate on HSBC Bank property loan is linked to its 1 Year MCLR, which is currently 8.00%. So, when HSBC Bank offers a loan against property at 10.10%, it applies a 2.1% premium to its MCLR to arrive at this rate
  • When market interest rates go up, the bank increases its base rate and the applicable rate for all existing loans goes up. When interest rates trend downwards, the bank has to reduce the base rate as it is not allowed to lend below the base rate. Thus, any benefit of lower rates will have to be passed to both old borrowers and new borrowers
  • Base rate benchmarked loans provide a better and more transparent interest rate transmission for the borrower compare to PLR benchmarked loans
  • Current MCLR of HSBC Bank, its past trend and comparison with RBI repo rate are given here for your reference

Are prepayment or foreclosure charges applicable on HSBC loan against property?

    You can prepay loan against property (LAP) without any penalty or charges in case:
  • Your loan is at a floating rate of interest and not at a fixed rate. Almost all loans against property are at floating rates and it is unlikely that yours is at a fixed rate of interest
  • The loan is in the name of one or more individual borrowers and none of the applicants and co-applicants is a business entity like a company or a firm or partnership or AOP

For loans from Housing Finance Companies, refer to NHB circulars NHB(ND)-DRS-Policy-Circular-63-14-15 dated Aug 14, 2014 and NHB-ND-DRS-Policy-Circular-No-66-2014-15 dated Sep 03, 2014 for more details.

Please contact myloancare at 0124 426 4004 or in case you need any assistance or clarification on this subject.

HSBC Bank Loan Against Property in India

HSBC Bank Loan Against Property Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 1800-103-4722
Ahmedabad 1800-103-4722
Ambala 1800-103-4722
Anand 1800-103-4722
Aurangabad 1800-103-4722
Bangalore 1800-103-4722
Bhilai 1800-103-4722
Bhilwara 1800-103-4722
Bhiwadi 1800-103-4722
Bhopal 1800-103-4722
Bhubaneswar Cuttack 1800-103-4722
Bikaner 1800-103-4722
Chandigarh 1800-103-4722
Chennai 1800-103-4722
Cochin 1800-103-4722
Coimbatore 1800-103-4722
Dehradun 1800-103-4722
Delhi 9910797373
Durg 1800-103-4722
Faridabad 1800-103-4722
Gandhinagar 1800-103-4722
Ghaziabad 1800-103-4722
Goa 1800-103-4722
Greater Noida 9910797373
Gurgaon 1800-103-4722
Guwahati 1800-103-4722
Gwalior 1800-103-4722
Hyderabad 1800-103-4722
Indore 1800-103-4722
Jabalpur 1800-103-4722
Jaipur 1800-103-4722
Jalandhar 1800-103-4722
Jodhpur 1800-103-4722
Kanpur 9860107373
Karnal 1800-103-4722
Kolhapur 1800-103-4722
Kolkata 1800-103-4722
Kota 1800-103-4722
Kozhikode 1800-103-4722
Madurai 1800-103-4722
Meerut 1800-103-4722
Mehsana 1800-103-4722
Mohali Sas Nagar 1800-103-4722
Mumbai 9860107373
Mussoorie 1800-103-4722
Nagpur 9860107373
Nashik 9860107373
Noida 9910797373
Noida Extn. 9910797373
Panipat 1800-103-4722
Pondicherry 1800-103-4722
Pune 9860107373
Raipur 9893277373
Rajkot 1800-103-4722
Ranchi 1800-103-4722
Rohtak 1800-103-4722
Roorkee 1800-103-4722
Salem 1800-103-4722
Shimla 1800-103-4722
Sonepat 1800-103-4722
Surat 9898377373
Trichy 1800-103-4722
Udaipur 1800-103-4722
Vadodara 9898377373
Varanasi 1800-103-4722
Vijaywada 1800-103-4722
Vizag 1800-103-4722
HSBC Loan Against Property News - Mar 2017
29th Mar 17 GST to be levied on rents and EMI on under construction property from 1st July, 2017
Finance Minister has made an announcement that GST will be applicable on leasing of lands, renting of buildings as well on EMIs paid on loans taken for the purchase of under construction property. However, sale proceeds of a housing property has been kept out of GST tax regime. Banking expert at HDFC Bank has pointed told that GST will be applied only on the sale of under construction property as the sale of completed property is not treated as goods and services under GST rules. The new indirect tax regime will be effective from 1st July, 2017.
28th Mar 17 Syndicate Bank evaluates options to recover dues from GVK Power and Infrastructure
Syndicate Bank has failed to evoke response from potential buyers for its proposed auction of land assets of GVK Group for recovering an outstanding loan of Rs. 175 crore. As per sources, the bank is exploring news options and planning to conduct a new auction to realise its dues from the company.
24th Mar 17 Farm loan waiver affects credit discipline
Officer at RBI agreed with SBI’s chief that the farm loan waiver will affect and disturb the credit discipline of the Indian banking industry. As per SBI chief, in lieu of farm loan waiver borrowers are likely to demand more such loan waivers which will eventually increase the number of unpaid loans of the banks. The demand for farm loan waiver came from the various political parties including Maharashtra opposition party, Shiv Sena and Karnataka government.
23rd Mar 17 Note ban to affect NBFC collections in short term
Experts at Moody’s Investors Service have maintained a stable outlook on asset quality of non banking financing corporations (NBFC) including DHFL, HDFC Ltd and PNB Housing Finance during FY18. However, they maintained the cautious outlook on collections of defaulting loan accounts that got adversely affected after demonetization and opined that the loan delinquencies are likely to rise in next two quarters of FY18. As per Moody’s report, NBFCs are likely to face higher asset quality risk in loan against property segment due to slack underwriting practices and intensifying competition.
17th Mar 17 Ahead of merger, loan processing at associate banks may get delayed
State Bank of India is in process of completion of merger with its five associate banks on 1st April, 2017. As per bank sources, loan processing and banking services at associate banks may get disrupted during end of March, 2017. SBI has notified the associate banks to complete disbursements of existing loans across various segments including loan against property, home loan and personal loans by 25th March, 2017.
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