Hello. I took a home loan from HSBC earlier this year and am aware of the HSBC housing loan interest rate. The HSBC home loan interest rate ranges between 8.50 percent to 13.25 percent per annum based on the applicant type. They have set different home loan interest rates for self-employed, salaried individuals, balance transfer and self-employed, plus salaried and balance transfer loans. Let me share the detailed interest rate along with the processing fee levied by the HSBC below.
What is the HSBC Home Loan Rate of Interest?
The rate of interest is offered as both a floating one and a fixed one. Here are the interest rates:
Applicant Type |
Type of Interest Rate |
Interest Rate |
Balance Transfer |
Floating |
8.50 percent p.a. |
Salaried |
Floating |
8.75 percent p.a. |
Self-Employed |
Floating |
8.85 percent p.a. |
Salaried plus Self-employed and Balance Transfer Loans |
Fixed |
13.25 percent p.a. |
What is the HSBC Home Loan Processing Fee?
The processing fee is equal to 1 percent of the sanctioned home loan amount. If 1 percent of the loan amount is lower than Rs. 10,000, then HSBC automatically sets the processing fee to Rs. 10,000. The processing fee is exclusive to taxes.
This is all I have to share with you regarding the HSBC housing loan rate. I hope you find the information helpful.
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What is HSBC Housing Loan Interest Rate?
mira
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53 days
2024-10-31T19:51:00+00:00 2024-10-31T19:51:01+00:00Comment
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