HSBC Bank Personal Loan: Interest Rates, Eligibility, How to Apply

HSBC Personal Loan Kaise Le : HSBC Bank provides personal loan up to Rs.15 lakh. The interest rate of the bank starts from 9.75% per annum. Selected customers can also avail loan amount up to Rs.30 lakhs. The repayment period can be up to 5 years.

HSBC Personal Loan Full Details

Rate of interest 9.75% to 15%
loan amount 30 million
repayment period 6 months to 60 months
processing fee Up to 1% of the loan amount
foreclosure fee up to 3
required age 21 to 65 years
Minimum EMI per lakh Rs 2,112

Benefits of taking a personal loan from HSBC

  • low interest rates
  • no guarantor needed
  • minimal documentation
  • long repayment period
  • Minimum income requirement

Eligibility Criteria for HSBC Personal Loan

To be eligible for an HSBC personal loan, one has to fulfill the following eligibility criteria:-

  • The age of the applicants taking salary should be between 21 to 60 years and the age of the self-employed should be between 21 to 65 years.
  • Only citizens of India can apply, NRI customers cannot apply.
  • Applicants must be salaried or self-employed.
  • Applicant’s address must be within India.
  • The applicant should have an active HSBC savings or current account open for more than 3 months.
  • The loan application is valid only in the cities of Mumbai, New Delhi, Pune, Ahmedabad, Bangalore, Chandigarh, Chennai, Hyderabad, Kochi, Coimbatore, Jaipur, Kolkata and Visakhapatnam. In Visakhapatnam, loan service is available only for HSBC employees.

Documents Required for HSBC Personal Loan

To apply for an HSBC personal loan, you need to submit the following documents:

Identity Proof (Any one of the following)

  • Passport
  • voter card
  • government employee id card
  • driving license
  • defense id card
  • Aadhar card
  • pan card
  • Ration card
  • NREGA job card

Proof of residence (any one of the following):

  • Passport
  • voter card
  • Ration card
  • driving license
  • water/electricity/telephone/gas connection bill
  • property tax receipt
  • Residence certificate containing the address issued by the Municipal Corporation.

Income Proof Documents:

  • recent salary slip
  • 3 months bank statement
  • Profit and Loss Account and Balance Sheet for the last 2 years
  • Approved ITR for the last 2 years

Enter your details by clicking on the link given below to apply online for HSBC Personal Loan :-

https://www.hsbc.co.in/loans/products/personal/#call-to-action

HSBC Personal Loan Customer Care Number

HSBC Bank customer care provides a toll-free number where customers can ask their queries regarding personal loan, be it regarding the application process, eligibility criteria, loan sanction or loan disbursement. All queries will be answered by HSBC Customer Care Executive.

Toll-free number for HSBC personal loan :-

  • Within India – 1800 267 3456 or 1800 121 2208
  • For Abroad – +91-40-61268001 or +91-80-71898001

What is the foreclosure fee for HSBC personal loan?

3% of the outstanding amount is charged for prepayment of loan in part or in full.

Can I change the HSBC personal loan repayment mode?

Yes, the borrower can change the repayment instrument used to pay off his HSBC Personal Loan. However, this facility is not free and charges as per the rates decided by the bank.

Can one apply for a personal loan from HSBC?

At present, HSBC offers its personal loan facility only to existing customers or select corporates. If one wants to take a personal loan from HSBC, then he has to first open an account with the bank and only then apply for the personal loan.

What is the processing fee of HSBC loan?

The processing fee of HSBC personal loan is 2.50% of the loan amount. The processing fee has to be paid first.

How can I apply for HSBC Personal Loan?

You can either apply for a personal loan online or visit the nearest HSBC centre.

Will there be any charge for prepayment for my HSBC personal loan?

There is a prepayment fee on HSBC personal loan. You can prepay only after completing 6 EMIs.

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