What is HSBC Home Loan Review?

I agree that HSBC offers competitive home loan rates, but their eligibility requirements are extremely strict. As a self-employed applicant, I had to provide thorough financial records. Although the loan was eventually approved, the process was difficult. Nevertheless, the loan structure and repayment alternatives are well-designed. Suitable for applicants with substantial income and clean documentation.

I took out an HSBC house loan last year, and my experience has been generally positive. The interest rate offered was 7.70% p.a., which I found less compared to other private banks. Also, the terms were properly outlined from the start. There were no hidden fees, which I truly liked. The relationship manager seemed knowledgeable and helpful. This makes the whole process transparent and trustworthy.

My HSBC home loan review is mixed. HSBC home loans are good in terms of brand value and loan features. But I felt the documentation procedure was lengthy. While everything was handled properly, approvals took longer than expected. On the plus side, their app kept me updated. If you're not in a rush and want a reliable lender, HSBC is a good option.

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I had a wonderful experience with HSBC after previously using HDFC. HSCBC offered me a loan for 8.45% p.a., and when I spoke with the manager, he said it would be reduced to 8.2% p.a. beginning next month. Part payments are simple and hassle-free. Even after the loan was disbursed, my enquiries were promptly addressed. Overall, it felt like a better banking experience than the other lenders I looked into.

I had a terrible experience with HSBC previously, that I would like to share in this review HSBC home loan: 

• They do not have experienced professionals to execute the task. When my home loan was approved, I needed to send the relevant documents to the bank and a bank official was to collect it for me. I had to make dozens of calls. Is this how a bank treats its customers?

• The interest rate they shared with me verbally was lower than what was mentioned in the agreement. This is so unprofessional.

• Once the loan got disbursed, I was sent no document. I had to visit the bank and enquire about it

Their customer service is poor and neither do they pick calls nor do they inform about any updates to the customers. I hope this HSBC smart home loan review will open your eyes. 

I had a good experience with the HSBC home loan. Their eligibility criteria are quite flexible compared to other home loans I checked. Let me share with you the requirements to apply for a home loan in this HSBC home loan review:

• You need to have a minimum net income of Rs 500,000 p.a. (salaried) or INR 750,000 p.a. (self-employed)

• The applicant must be 21 years old or above

• The maximum age on the maturity of loans is 58 for salaried individuals: 60 for public limited/government employees, and 65 for the self-employed

• The maximum tenure is between 20 and 25 years

I applied for the home loan here online and their loan executive helped me understand the entire process thoroughly. They will evaluate your application, credit score and other details and then disburse the loan if everything is well. You can visit the

to learn more about it.

In this HSBC India home loan review, I would rate their 4/ 5.