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HSBC Bank - Chennai,Personal,Home Loan

HSBC origins in India date back to 1853, when the Mercantile Bank of India was established in Mumbai. The Bank has since, steadily grown in reach and service offerings, keeping pace with the evolving banking and financial needs of its customers.

In India, the Bank offers a comprehensive suite of world-class products and services to its corporate and commercial banking clients as also to a fast growing personal banking customer base.
Loan Details

All loans at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited,India. Loans available for applicant and properties in and around the city limits of Mumbai, Pune, New Delhi(NCR), Bengaluru, Chennai, Ahmedabad, Chandigarh, Jaipur and Hyderabad and are subject to change from time to time.

Home Loan:
We understand that buying a house is one of the most important decisions in life, for people across the world. We also know that while most people dream of owning a perfect home, achieving that goal can be quite a challenge, especially when it comes to arranging the finance required to make such an expensive purchase. - HSBC offers Home Loans at fixed rates and floating rates. Fixed rates are only offered for regular Home Loans with tenures of 12,24 or 36 months. Fixed rates are not available on smart Home loan Against Property or smart loan Against property. - Floating rate loans are linked to HSBC's Base Rate, which is published on the bank's website. Any change in Base Rate will impact your loan interest rate. This will have a corresponding impact on your Equated monthly Instalment and/or loan tenure depending on the Bank's Prevailing policy - your loan is subject to certain fees/charges applicable before and after disbursal. Please refer to the Loan Service Charges and Fees sectrion of our website for details Property types - Loans are available to Resident Indians and Non-Resident Indians (NRIs) for ready properties, select under construction properties approved by HSBC, purchase of plot of land, self-construction and home improvement. NRI applicants must have a local co-applicant or a local contact person. Loan tenure - Loans are available for tenures upto 20 years and for salaried customers up to 25 years. Interest rate - Choose between fixed and floating rate2. Click here to know existing rate of interest. With fixed rate, the rate of interest is fixed for the specified loan tenure as per the fixed tenure offering of the Bank as on that date. We offer fixed rate for loan tenure of 12 months.Post the completion of the fixed rate tenure, your rate will move to Floating rate, which will be linked to then prevailing Base Rate. The applicable margin over the Base Rate will be decided upfront while availing the Fixed rate loan.Fixed Rate loan is not offered for under construction loan and /or interest servicing loans You also have the option of switching from a floating rate2 Home Loan to a fixed rate Home Loan at any time by paying a switching charge of 0.5% on the outstanding loan amount. However, if the switch is done within one month prior to the loan anniversary3 every year the charges are nil.

Personal Loan:
When expenses arise, like your daughter's marriage, furnishing your home, higher education for your children or a family holiday you can turn to Personal Loan from HSBC. HSBC India offers Personal loans with flexible tenor of up to 5 years (i.e. 12, 24, 36, 48 and 60 months) The maximum loan amount that can be availed of under this offer is Rs. 15 lakhs. Select customers may be eligible for loans upto Rs. 20 lakhs based on internal credit policy of HSBC. Easy monthly repayment through Equated Monthly Installments (EMI) or through Electronic Clearing System (ECS) or by setting up a Standing Instruction (SI) on HSBC bank account EMI date will be the 5th or 15th of every month, depending on the loan disbursal date. For HSBC personal loans disbursed between 1st and 15th of the calendar month, the EMI date will be 5th of next calendar month. For HSBC personal loans disbursed between 16th and 31st of the calendar month, the EMI date will be 15th of next calendar month. Transfer of an existing personal loan from another bank in India No requirement of collateral/guarantor Easy documentation, quick processing and disbursal

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