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HSBC BANK PERSONAL LOAN

HSBC Banks provides personal loans of up to Rs. 30 Lakhs that can be used for various purposes such as for wedding expenses, home renovation expenses, equipment required for a business, etc.

These loans are offered to both Salaried and Self-Employed Individuals with 0 collateral and minimal documentation providing repayment tenure of up to 60 months.

HSBC Bank Personal Loan Highlights

Particulars Details
Interest Rate 10.50% per annum onwards
Loan Amount Up to Rs. 30 Lakhs
Loan Tenure Up To 60 Months
Processing Fee Up to 1% of Loan Amount
Types of Loans Marriage Loan, Travel Loan, Medical Emergency Loan, Home Renovation Loan, etc.

HSBC Personal Loan Features & Benefits

Flexible Tenure : The repayment tenure of HSBC Bank Personal Loan is flexible ranging from 1 Year to 6 Years.

Less Documentation : HSBC Bank Personal Loan requires very little documentation, thus making the application process easy and a quick one.

Loan Amount : HSBC Bank provides personal loans starting from Rs. 75,000 up to Rs. 30 Lakhs.

Easy loan procedures : Through HSBC Bank you can easily apply for a personal loan. It provides easy loan procedures to the customers. The online procedure of HSBC bank is very simple and quick and it allows customers to avail the personal loan without any worries.

HSBC Personal Loan Fees and Charges

The following are the key fees and charges other than interest charges applicable to a personal loan from HSBC Bank:

Details Amount
Processing Fees Up to 1% of the loan amount.
Foreclosure and Prepayment Charges Up to 3.75% of the principal outstanding amount.

Eligibility Criteria for HSBC Bank Personal Loan

In order to avail of HSBC Bank Personal loan, an individual has to meet certain eligibility criteria put up by the bank.

CRITERIA DETAILS
Minimum Age 21 Years 
Maximum Age 60 Years (65 Years for Self-Employed)
Minimum Income Rs. 25,000 per month
Nationality Indian
Employment type Salaried and Self-Employed

Documents Required for HSBC Bank Personal Loan

In order to avail of HSBC Bank Personal loan, an individual has to provide certain documents required by the bank.

ID Proof
  • Aadhar Card
  • PAN Card
  • Driving License
  • Voter’s ID Card
  • Employment ID
Address Proof
  • Aadhar Card
  • PAN Card
  • Driving License
  • Voter’s ID Card
  • Employment ID
  • Rental Agreement
Income Proof For Salaried
  • 3 months salary slips
  • Last 2 years ITR or FORM 16
  • Bank Statement for last 2 years
For Self-Employed
  • ITR of last 2 years
  • Bank Statement of last 6 months

COMPARE OTHER BANK PERSONAL LOAN INTEREST RATE :

BANKS INTEREST RATES
AXIS Bank Personal Loan 12% to 24%
SBI Personal Loan 11.30% to 16.40%
SBI Xpress Bandhan 12.15% to 15.15%
SBI Xpress Credit Personal Loan 11.50% to 12%
HDFC Bank Personal loan 10.75% to 21.50%
Kotak Mahindra Bank Personal Loan 10.50% to 16.99%
Yes Bank Personal Loan 20.00% to 22.00%
Citi Bank Personal Loan 10.50% to 17.99%
ICICI Bank Personal Loan 10.99% to 16.25%
Standard Chartered Bank Personal Loan 11.00% to 19.20%
IDBI Bank Personal Loan 12.00% to 14.00%
RBL Bank Personal Loan 14.00% to 23.00%
HSBC Bank Personal Loan 10.75% to 17.84%
IndusInd Bank Personal Loan 11.00% to 16.75%
Bank of Baroda Personal Loan 7.65% to 12.65%
Bank of India Personal Loan 12.15% to 14.15%
Canara Bank Personal Loan 12.05% onwards

HSBC Bank  Personal Loan EMI Calculator

A Personal loan calculator helps you to know the amount of EMIs that you need to pay towards your Personal Loan. 
As a Personal loan can go from 20 - 30 years, so you have to be aware of your monthly installments in advance. For that, you can use the EMI Calculator provided by BankSathi to calculate your monthly EMIs on your Personal Loan.

The formula for the same is:
[P x R x (1+R)^N]/[(1+R)^N-1], where

  • P stands for the ‘Principal Amount’.
  • R stands for the rate of interest set by the bank.
  • N is the number of years for which the loan has been taken.

How to Apply for HSBC Bank Personal Loan

Here is how you can apply for HSBC bank personal loan:

Apply for HSBC bank personal loan offline

You can visit the nearest branch of HSBC bank with all the necessary documents and apply for the personal loan there. You can enquire about HSBC personal loan and find assistance from the bank official in order to move ahead with the loan application procedure.

You can call the HSBC bank customer service and enquire about the personal loan application. 

Apply for HSBC bank personal loan online

You can also apply for the HSBC personal loan online. To do that, you can follow the steps mentioned below:

  • Visit the official web portal of HSBC bank.
  • Click on the “Apply Now” drop down menu.
  • Click on the “Apply Online” option.
  • Find and click on the “Personal Loan” from the list of options. 
  • Select whether you are an existing account holder with HSBC or a new customer.
  • Now, you need to fill all the details including your personal and income information.
  • Once done, hit the “Submit” button.

HSBC Bank Personal Loan Customer Care

1800-267-3456

FAQs On HSBC Personal Loan

Q.1 What are the minimum and maximum personal loan amounts offered by HSBC Bank?

The minimum and maximum personal loan amounts of HSBC Bank Personal Loan are Rs. 75,000 and Rs. 30 lakhs respectively.

Q.2 What is the tenure of HSBC Bank’s personal loan?

The maximum tenure approved for repayment by HSBC Bank for a personal loan is up to 5 Years.

Q.3 What were the processing fees charged by HSBC Bank’s personal loan?

HSBC Bank personal loan charges processing fees are 1%  of the loan amount.

Q.4 What was the age required for HSBC Bank’s personal loan?

The age required for salaried employees is 21 years to 60 years and for self-employed, the maximum age is required 65 years.
 
Q.5 Is partial payment allowed on HSBC Bank Personal Loan possible?

Yes, partial prepayment is allowed on HSBC Bank’s personal loan after the completion of the lockdown period.

Last Updated on : 27/Mar/2021

Know More About

Hsbc Bank Personal Loan

You're eligible for a Hsbc Bank Personal Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Personal Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Hsbc Bank Personal Loan Interest Rates

Updated on 25 Nov 2017

Hsbc Bank Personal Loan Details
Interest Rate (Monthly reducing balance) 10.5% - 17.84%
Processing Fees 1%
Loan Tenure 1 year to 5 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Personal Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959