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My HOME |
Presenting MyHOME. A unique home loan that lets you control your EMIs on an annual basis.
Know more
Features & Benefits
Eligibility and Documents Required
Service Charges
FAQs
 
Features & Benefits
Control your EMIs
Decide your EMI
Every year, depending on your financial needs, you can decide to pay an EMI that is either 15% higher or lower than the regular EMI. See how MyHOME works for you.
 
EMI flexibility
Your financial needs will change every year. But that doesn't have to change the way you live. MyHOME lets you change your EMI every year over the tenor of your loan, depending on your financial needs.
Realise your dreams
Now you no longer need to hold back your dreams. You can contract a larger EMI, have an option to pay less, and thus afford a larger dream home.
Tax benefits Tax benefits
MyHOME customers are eligible for certain tax benefits on principal and interest components of a housing loan under the Income Tax Act, 1961*.
*Please consult your tax advisor/C.A. for specific details.
Exclusive MyHOME banking privileges for you
Along with your MyHOME, get access to an HSBC PowerVantage Account, with the following benefits:
Personal Financial Review (PFR) services
Unlimited free transactions at over 15000 HSBC and non- HSBC Visa ATMs in India
Dedicated service desks at branches
Higher cash withdrawal limit of up to Rs. 50,000 and funds transfer upto Rs. 100,000
A Free HSBC Gold credit card (for the first year)
The option to change your EMI upto 15% higher or lower is not available in the last EMI year. Availing the option to lower your EMI may result in the monthly EMI being insufficient to cover the interest due. Any such unserviced interest will be added to the outstanding principal and interest charged thereon at the applicable rate of interest.
Terms and conditions apply. All loans at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India. Loans available for applicants and properties in and around the limits of cities where HSBC has branches and is subject to change from time to time.
The interest rate on your MyHOME is linked to HSBC's Retail Lending Rate (RLR) and any revision in the RLR would impact your interest rate. The RLR is currently 13.75%
Vide Finance Act, 2007, w.e.f. 11 May 2007, a service tax of 12% + 2% education cess + 1% secondary and higher secondary education cess thereon will be applicable on our fees and charges. For details, please click here.
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