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HSBC Bank Personal Loan starts @10.50% p.a. and helps you when you need money in a hassle-free manner. The company has no origination fee or prepayment penalties which makes it even more attractive.
A personal loan is a good way to address short term money requirements, where you can get instant cash to sort the needs. You can use the money for any of your personal purposes such as medical emergencies, wedding expenses, travel expenses, or home makeovers. HSBC Bank also offers its personal loan to both salaried as well as self-employed applicants. The bank has simplified the process of applying for personal loans through mobile apps.
To get an instant personal loan from HSBC Bank, the applicant’s age must be between 21 to 60 years. The bank provides loan amounts ranging from Rs 50,000 to Rs 15,000,000 for the loan duration of a minimum of 1 year to a maximum of 5 years. The interest rate provided by the bank ranges from 10.75% (minimum) to 22% (maximum). The loan application is valid only for the applicants from Ahmedabad, Bangalore, Chandigarh, Chennai, Kochi, Coimbatore, Hyderabad, Jaipur, Kolkata, Mumbai, New Delhi, Pune, and Visakhapatnam (only employees of HSBC Visakhapatnam).
HSBC Personal Loan provides easy loan within 48 hours with interest 10.75% p.a. onwards. Below table gives the complete details of Personal Loan.
| HSBC Personal Loan | Details |
|---|---|
| Loan Category: | Personal Loan |
| Loans Offering: | Personal Loan |
| Loan Type: | Unsecured personal Loan |
| Interest Rate: | 10.75% p.a. onwards |
| Processing Fee: | Up to 1% of the disbursed loan amount. |
| Approval Process: | Both online and offline |
| Minimum Income Requirement: | ₹30,000 per month |
| Loan Approval Timing: | 48 hours |
| Minimum Loan Amount: | ₹75,000 |
| Maximum Loan Amount: | ₹15 Lakh |
| Minimum Loan Period: | 6 months |
| Maximum Loan Period: | 60 months |
| Type of Interest Rate: | Fixed interest |
| Interest Charging Method: | Reducing balance method |
There are eligibility criteria set by HSBC Bank for their personal loan:
| HSBC Personal Loan | Details |
|---|---|
| Salaried Employees | Yes |
| Salaried Doctors | Yes |
| Employees of public and private limited companies | Yes |
| Government sector employees including Public Sector Undertakings, Central and Local bodies | Yes |
| Loan for Pensioners | Donot Know |
| Loan for Existing Customers | Yes |
| Self-Employed | Yes |
| Selected Corporate | No |
| Other Criteria | NA |
| Minimum Age | 21 years |
| Maximum Age | 60 years at the time of maturity of the Personal Loan |
| Minimum Income Requirement | ₹30,000 per month |
HSBC Bank offers the following products and services:
Any person can apply for a personal loan through HSBC Bank for their personal uses such as home renovation, traveling, debt consolidation, marriage expenses, purchasing consumer durables or equipment, and any other personal needs and contingencies.
HSBC Personal Loan offer various services, please find below the list of features offered by the vendor.
| HSBC Personal Loan | Details |
|---|---|
| Personal Loan | Yes |
| Wedding Loan | No |
| Education Loan | No |
| Home Renovation Loan | No |
| Two Wheeler Loan | No |
| New Car Loan | No |
| Used Car Loan | No |
| Travel Loan | No |
| Medical Loan | No |
| Top Up Loan | No |
Here is the detail charge list for HSBC Personal Loan process. We have covered all possible charges for your loan requirements for clear visibility on HSBC Personal Loan processing.
| HSBC Personal Loan | Details |
|---|---|
| Co-Applicant Allow | Yes |
| Income Criteria | Yes |
| Collateral Requirement | No |
| Pre Approved Credit Limit | NA |
| Foreclouser Charges | Up to 3.75% of the principal outstanding. |
| Loan Foreclouser Conditions | Only after 12 months from the date of disbursal of loan. |
| Bounce Charges | NA |
| Bounce Charges Self Employed | NA |
| Late Payment Penalty | 2% over and above the applicable rate of interest on the delayed instalments |
| Duplicate NOC Charges | NIL |
| Stamp Duty Charges | As per laws |
| Instrument Swapping Charges | NIL |
| Loan Cancellation Charges | NA |
| Stamp Duty Charges | As per laws |
| Loan Rebooking Charges | NIL |
| Statement Of Account Charges | NIL |
| Duplicate Repayment Schedule | NIL |
| EMI Payment Mode | Standing Instruction (SI) Electronic Clearing Service Post-dated cheque |
| Overdue Payment Mode | Standing Instruction (SI) Electronic Clearing Service Post-dated cheque |
| Hidden Charges | NIL |
In this section we have listed all important links related to HSBC Personal Loan.
| HSBC Personal Loan | Details |
|---|---|
| Banks | NA |
| Charges Information | Link |
| Personal Loan Eligibility Calculator Link | NA |
| Personal Loan EMI Calculator Link | NA |
| Education Loan EMI Calculator Link | NA |
| Car Loan EMI Calculator Link | NA |
| Product Demo Link | NA |
| Website Link | Website Link |
| Android App Downlaod Link | Android Mobile App Download |
| iOS App Downlaod Link | iOS Mobile App Downlaod |
For new customers:
For existing customers:
Please find below the list of documents required to avail personal loan. Aadhar, PAN and Income Proof are the most important documents, other documents are optional. The complete list of documents you can keep ready for your loan application.
| HSBC Personal Loan | Details |
|---|---|
| Age Proof | Copy of Passport/Driving License/Aadhar Card |
| Address Proof | Copy of Passport/Driving License/Aadhar Card/Voter ID/Ration Card |
| Identity Proof | Registered Rent Agreement/Utility Bills last 3 months/Copy of Passport/Copy of Ration card |
| Income Proof for Salaried Emp | Salary slip of last 3-6 months, ITR or Form 16, 6 month bank statement |
| Income Proof for Self Emp | IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years |
Last Updated on 2021-01-09T08:32:33+00:00
