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.
| 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. |
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.
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. |
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 |
In order to avail of HSBC Bank Personal loan, an individual has to provide certain documents required by the bank.
| ID Proof |
|
| Address Proof |
|
| Income Proof | For Salaried
|
| 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 |
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
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:
1800-267-3456
The maximum tenure approved for repayment by HSBC Bank for a personal loan is up to 5 Years.
HSBC Bank personal loan charges processing fees are 1% of the loan amount.
Yes, partial prepayment is allowed on HSBC Bank’s personal loan after the completion of the lockdown period.
Last Updated on : 27/Mar/2021Know More About
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
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