HSBC Bank Mortgage Loan

HSBC Bank Mortgage Loan - http://www.loansandcredits.in/apply-hsbc-bank-mortgage-loan/
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Apply HSBC Bank Mortgage Loan


Apply HSBC Bank Mortgage Loan :- To see how a mortgage loan advance functions, envision obtaining a cash-flow to support a startup or pay for a current business’ development without swearing anything against the acquired sum.[/vc_column_text][/vc_column][/vc_row][vc_row 0=""][vc_column width="1/2"][contact-form-7 id="3155"][/vc_column][vc_column width="1/2"][vc_column_text]HSBC.svg

 

HSBC Bank Mortgage Loan


Features & Benefits


Loans up to Rs. 10 crores 1


Tenor of upto 15 yearsTenor of upto 15 years


Simple documentationSimple documentation


Interest ratesInterest rates – Floating rate2























Processing fee:


A total of 1% of the loan amount sanctioned or Rs. 10,000, whichever is higher, will be applicable as Processing fee (plus applicable taxes*). The fee is collected in two parts: Rs. 5,000 + applicable taxes* is to be paid up front along with the loan application and the balance Processing fee amount + applicable taxes* is to be paid before loan disbursal. Processing fee paid is non-refundable.

Loan Repayment


Loan repayment is through Standing Instruction/Letter of authority to debit your HSBC Savings/Current Account for the Equated Monthly Instalment (EMI).

Non Resident customers can repay Loan Against Property by one of the following modes only:


Debit to their NRE Account /NRO Account /Inward remittance / liquidation of FCNR/ sales proceeds of immovable property on which loan was granted / Close relative's* bank account If you are repaying the loan through any channel other than your linked repayment account, please enclose the following '



Eligibility for LAP from HSBC



Floating RatesHome Loans
We will call you now.
RegularSmart
Salaried8.50% p.a.8.90% p.a.
Self-Employed8.60% p.a.9.00% p.a.
Loan Against Property
RegularSmart
Salaried + Self-Employed9.60% p.a.9.90% p.a.























To qualify for a Loan Against Property, the following criteria apply:
a.Minimum net income (Rs.)5, 00,000 p.a. (salaried)
7, 50,000 p.a. (self-employed)
b.Minimum Age (in years)21
c.Maximum Age (in years)58 (salaried)
60 (public limited/government employees)
65 (self employed)
d.Minimum Loan Amount (Rs.)3,00,0004
e.Maximum Loan Amount (Rs.)10,00,00,0004
f.Maximum Loan Tenure (in years)15
g.Interest Rate TypeFloating Rate5 . (Fixed Rate is not offered)













Insurance
You would need to insure your property with an insurance company against loss by fire, earthquake, floods and other damages with The Hongkong and Shanghai Banking Corporation Limited, India, as the beneficiary.

End use of funds sanctioned by HSBC as LAP
The funds sanctioned by HSBC as LAP may be used for business and general needs. However, the funds should not be used for illegal or speculative purpose(s).





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Loan EMI Calculator


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Documents required


Completed application form with one passport-size photograph.


Completed loan application

Proof of Identity (PI) Proof of Identity (PI) (any one)


  • Passport

  • Election/Voter’s ID

  • Permanent driving licence

  • Permanent Account Number (PAN) card

  • Aadhaar Card

Proof of residenceProof of Present Residential Address (PRA) (any one)


  • Passport

  • Election/Voter’s ID

  • Permanent driving licence

  • Society outgoing bill (only from registered societies)

  • Electricity/water/telephone bill

  • Gas bill (pipeline connection only)

  • Property tax bill

  • Domicile certificate with address issued by Municipal Corporation


The above PI and PRA is an indicative list and final documents acceptable are based on HSBC's policy as applicable at the time of application of the loan. For more details, you can speak to your Relationship Manager (RM) or visit the nearest HSBC branch.

Note:
If the address on the document submitted as PI by the prospective customer is the same as that declared by him/her in the Application form, the document may be accepted as a valid proof of both PI and PRA. If the address indicated on the document submitted for PI differs from the address mentioned in the Application Form, a separate proof of PRA should be obtained.

Proof of ageProof of age (any one)


  • Passport

  • Permanent driving licence

  • PAN CardThe above proof of age is an indicative list and final documents acceptable are based on HSBC’s policy as applicable at the time of application of the loan. For more details, you can speak to your Relationship Manager (RM) or visit the nearest branch.

Financial documentsFinancial / Income documents required for Resident Indians


All documents need to be self attested
Listed below are the basic documents required, for more details speak to your Relationship Manager or visit the nearest HSBC branch.

Salaried individuals
  • Latest 3 months salary slip showing statutory deductions and

  • Bank statements for the last 3 months showing last 3 salary credits


Self-employed individuals
  • Acknowledged IT returns for last 2 years (including e-acknowledgement)

  • P&L account, Balance sheet certified / audited by CA & Computation of Income for the last 2 years with all Annexure and Auditors Report

  • Primary Bank account statements for the last 6 months

  • For Partners of the Partnership firm additionally Partnership deed is required

  • For Directors of the Private limited companies additionally required
    a)Share holding Pattern or Memorandum and articles of association duly attested by CA
    b) List of directors

Consultant / Self-employed Professional
  • Acknowledged IT returns for last 2 years (including e-acknowledgement)

  • P&L account, Balance sheet certified / audited by CA & Computation of Income for the last 2 years with all Annexure and Auditors Report

  • Primary Bank account statements for the last 6 months


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