About HSBC Bank Home Loan in Kochi
HSBC bank provides a home loan to the customers based in the beautiful city of Kochi. The city is growing at a fast pace and hence has caught the attention of many people. People of the city now purchase or construct a house by availing this product. HSBC bank has established a branch in the city to provide all the products timely.
HSBC Bank Home Loan Kochi at a glance
The important details of the product offered by HSBC bank have been given below.
Particular | Details |
---|---|
Interest rate | 8.75% - 9.10% |
Loan amount | Minimum amount- ₹ 3 Lakhs Maximum amount- ₹ 10 Crore |
Tenure | Up to 20 years For salaried customers- up to 25 years |
Processing fee | 1% of the sanctioned loan amount plus service tax |
Pre-payment charge | NIL |
Eligibility criteria for HSBC Bank Home Loan Kochi
HSBC bank has set up certain norms of eligibility for the interested applicants. Any applicant is supposed to fulfill them if he/she wishes to avail a home loan from the bank.
- The minimum age of the applicant should be 21. This means he/she should have attained the age of 21 when the loan is applied.
- The maximum age at the time of maturity for a salaried employee, public limited or government employee and a self-employed individual is 58 years, 60 years and 65 years respectively.
- The bank has set a minimum annual income requirement for every applicant. In case, the applicant is a salaried employee he/she must an annual income of at least ₹ 5 Lakhs. For self-employed individuals, the requirement is at least ₹ 7.5 Lakhs as annual income
Documents required for HSBC Bank Home Loan Kochi
The applicant is required to submit some documents to the bank for successful disbursal of a home loan. The list of important documents for salaried customers, self-employed individuals and consultants / Self-employed Professionals have been given below. Have a look at them.
For salaried employees
- Proof of Identity- Aadhar card/Driving License /Passport /PAN Card/ Voters ID card
- Proof of Age- PAN card/Driving license/Passport/School leaving certificate
- Proof of Current Residential Address- Voter ID card/Passport/Electricity Bill/Telephone Bill/Driving license/Society outgoing bill/Lease agreement/Gas bill/Water bill/Property tax bill/Domicile certificate with address which is issued by Municipal Corporation
- Proof of Income- Latest salary slips of three months which shows statutory deductions
- Bank statement of the past three months which shows last three salary credits
For self-employed individuals
- Proof of Identity- Aadhar card/Driving License /Passport /PAN Card/ Voters ID card.
- Proof of Age- PAN card/Driving license/Passport/School leaving certificate
- Proof of Income- Income Tax returns of the previous two financial years
- Proof of Current Residential Address- Voter ID card/Passport/Electricity Bill/Telephone Bill/Driving license/Society outgoing bill/Lease agreement/Gas bill/Water bill/Property tax bill/Domicile certificate with address which is issued by Municipal Corporation
- Audited Balance Sheet and Profit & Loss account
- Partnership Deed in case of Partners of a partnership firm
- For directors of a private limited company- Memorandum and Articles of Association or Share holding Pattern and List of directors
- Bank statements of the past six months
For Consultant / Self-employed Professional
- Bank account statement of the past six months
- Proof of Identity- Aadhar card/Driving License /Passport /PAN Card/ Voters ID card
- Proof of Age- PAN card/Driving license/Passport/School leaving certificate
- Proof of Current Residential Address- Voter ID card/Passport/Electricity Bill/Telephone Bill/Driving license/Society outgoing bill/Lease agreement/Gas bill/Water bill/Property tax bill/Domicile certificate with address which is issued by Municipal Corporation
- Audited Balance Sheet and Profit & Loss account
- Income Tax returns of the previous two financial years
For more information please refer to Home Loan Kochi
Address of HSBC bank branches in Kochi
The address of HSBC bank branch in the city has been given below along with its IFSC & MICR codes and contact details.
Branch | Address | IFSC | MICR | Contact details |
---|---|---|---|---|
Kochi | HSBC, Pulikkal Estate, M G Road, Pallimukku, Kochi - 682016 Kerala | HSBC0682002 | 682039002 | 99464 45443 |