HSBC Bank Loan Against Property Interest Rates 2016

Loan Against Property

Being a British- based multinational banking and financial services company headquartered in London, HSBC needs no introduction. It is the world's fourth-largest bank by assets and is worldwide known for offering reliable services to all its customers. With the plethora of banking and financial investment services, HSBC Bank ensures to satisfy all its customers and the loan against property is one of those products.

HSBC Bank facilitates the loan against commercial and residential property with the attractive combination of low-interest rates and flexible repayment options. To know more about the HSBC Bank Loan Against Property, go through this article.

HSBC Bank Loan Against Property Details:

ParticularsDetails
Interest Rates10.50% p.a. (floating)
Loan AmountUp to 10 Crores
TenureUp to 15 Years
Processing Fees1% of the Loan Amount
Prepayment ChargesNil-4%

Eligibility Criteria for HSBC Bank Loan Against Property

ParticularsDetails
Minimum Net IncomeRs.5,00,000 (Salaried), Rs.7,50,000 (Self-employed) p.a.
Minimum Age (in years)21
Maximum Age (in years)58-65
Minimum Loan AmountRs.3,00,000
Maximum Loan AmountRs.10 Crores
Maximum Loan Tenure (in years)15

HSBC Bank Loan Against Property Eligibility

When it comes to the loan against property, banks have certain parameters on the basis of which it provides the loan amount. Just like any other banks, the main factors that affect the eligibility of HSBC Bank are: monthly salary of the applicant, savings, monthly expenses, market value of the property, loan tenure, interest rate, and the current EMI (if any). 

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So, the perfect balance between the earnings and expenses along with the market value of the property, the higher loan amount you can get. 

HSBC Bank Loan Against Property EMI Calculator

An EMI calculator is the tool that tells you the EMI or Equated Monthly Installment that you have to pay to the lender for the loan that you have applied for. The calculator works on the basis of the loan amount, tenure and rate of the interest of the loan. The calculator will compute the interest component and then the principal amount that you will have to pay towards your loan. 

So, if you are planning to take a loan against property and want to know the monthly installments, here is an example. For Example: If you are interested in availing a loan of Rs.25,00,000 from HSBC for 15 years at an interest rate of 10.50% p.a., then you must be wondering about the EMI, total interest outgo and total amount payable from your pocket will be Rs.27,635, Rs.24,74,295, and Rs.49,74,295 at the end of your loan tenure.

For your reference there is a table below, wherein you can also know your EMI, interest and total amount payable on the same amount of loan for different tenures.

Table showing EMI, interest outgo and total amount payable on your loan against property

Loan AmountLoan TenureInterest RateEMITotal Interest OutgoTotal Amount (EMI+Interest)
Rs 25,00,000110.50% p.a.Rs. 2,20,372Rs. 1,44,458Rs. 26,44,458
Rs 25,00,000210.50% p.a.Rs. 1,15,940Rs. 2,82,562Rs. 27,82,562
Rs 25,00,000310.50% p.a.Rs. 81,256Rs. 4,25,220Rs. 29,25,220
Rs 25,00,000410.50% p.a.Rs. 64,008Rs. 5,72,406Rs. 30,72,406
Rs 25,00,000510.50% p.a.Rs. 53,735Rs. 7,24,085Rs. 32,24,085
Rs 25,00,000610.50% p.a.Rs. 46,947Rs. 8,80,215Rs. 33,80,215
Rs 25,00,000710.50% p.a.Rs. 42,152Rs. 10,40,741Rs. 35,40,741
Rs 25,00,000810.50% p.a.Rs. 38,600Rs. 12,05,604Rs. 37,05,604
Rs 25,00,000910.50% p.a.Rs. 35,877Rs. 13,74,733Rs. 38,74,733
Rs 25,00,0001010.50% p.a.Rs. 33,734Rs. 15,48,050Rs. 40,48,050
Rs 25,00,0001110.50% p.a.Rs. 32,011Rs. 17,25,472Rs. 42,25,472
Rs 25,00,0001210.50% p.a.Rs. 30,604Rs. 19,06,906Rs. 44,06,906
Rs 25,00,0001310.50% p.a.Rs. 29,438Rs. 20,92,258Rs. 45,92,258
Rs 25,00,0001410.50% p.a.Rs. 28,461Rs. 22,81,423Rs. 47,81,423
Rs 25,00,0001510.50% p.a.Rs.27,635Rs.24,74,295Rs.49,74,295
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Amortization Table

YearPrincipal PaymentInterest OutgoBalance Amount
1Rs. 72,544Rs. 259,076Rs. 2,427,456
2Rs. 80,540Rs. 251,080Rs. 2,346,916
3Rs. 89,416Rs. 242,204Rs. 2,257,500
4Rs. 99,271Rs. 232,349Rs. 2,158,229
5Rs. 110,209Rs. 221,411Rs. 2,048,020
6Rs. 122,355Rs. 209,265Rs. 1,925,665
7Rs. 135,839Rs. 195,781Rs. 1,789,826
8Rs. 150,809Rs. 180,811Rs. 1,639,017
9Rs. 167,430Rs. 164,190Rs. 1,471,587
10Rs. 185,881Rs. 145,739Rs. 1,285,706
11Rs. 206,364Rs. 125,256Rs. 1,079,342
12Rs. 229,107Rs. 102,513Rs. 850,235
13Rs. 254,355Rs. 77,265Rs. 595,880
14Rs. 282,385Rs. 49,235Rs. 313,495
15Rs. 313,735Rs. 18,114Rs. 0

Documentation Required for HSBC Bank Loan Against Property

SalariedSelf-employed IndividualsSelf-employed Professionals
Complete Application Form with Passport Size PhotographComplete Application Form with Passport Size PhotographComplete Application Form with Passport Size Photograph
Proof of IdentityProof of IdentityProof of Identity
Proof of Residential AddressProof of Residential AddressProof of Residential Address
Proof of AgeProof of AgeProof of Age
Latest 3 months salary slip showing statutory deductionsAcknowledged IT returns for last 2 yearsAcknowledged IT returns for last 2 years
Bank statements for the last 3 months showing last 3 salary creditsP&L account, Balance sheet certified / audited by CA & Computation of Income for the last 2 years with all Annexure and Auditors ReportP&L account, Balance sheet certified / audited by CA & Computation of Income for the last 2 years with all Annexure and Auditors Report
NA
Primary Bank account statements for the last 6 monthsPrimary Bank account statements for the last 6 months
NA
For Partners of the Partnership firm additionally Partnership deed is requiredNA
NA
Share holding Pattern or Memorandum and articles of association duly attested by CANA
NA
List of directorsNA
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Features & Benefits of HSBC Bank Loan Against Property

  • Higher Loan Amount
  • Attractive Interest Rates
  • Convenient Loan Repayment Options
  • Both Residential and Commercial Property accepted as collateral
  • Minimal Documentation and Faster loan Approvals
  • Balance Transfer Facility