HSBC Personal Loan Apply, Interest Rate 2024, Eligibility, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.
If you want to apply for personal loan from HSBC Bank India then this article is for you. In this article, we will know what is HSBC personal loan, what is the interest rate, documents, eligibility and how can we apply for this personal loan, etc., so read this article till the end. Personal loan comes under the category of an unsecured loan. You can take advantage of HSBC India Personal Loan to meet any of your personal expenses.
HSBC Personal Loan 2024
HSBC personal loan interest rate starts from 9.99% p.a. You can avail HSBC Personal Loan for any of your personal expenses like marriage, children’s fees, home decor, family vacation, higher education, medical emergency etc. You can take this loan for the renovation of your house and also to meet any of your personal expenses.
The maximum loan tenure of HSBC Personal Loan is 5 years. You can repay your loan through Equated Monthly Installments (EMIs) or through Electronic Clearing System (ECS) or by setting up a Standing Instruction (SI) on HSBC bank account. You can transfer your existing personal loan to HSBC Bank. The amount given under personal loan completely depends on the credit history of the applicant, so the person applying should have a very good CIBIL score. If you have a good credit score, you can take advantage of the attractive interest rates of the bank.
HSBC Personal Loan Overview
- Loan Name: HSBC Personal Loan 2024
- Lender Name: HSBC Bank
- Interest Rate: Starting from 9.50% p.a.
- Loan Tenure: Maximum 5 years
- Processing Charge: 1% of the loan amount
- Official Website: https://www.hsbc.co.in/
- Learn HSBC Bank Wiki
HSBC Personal Loan Interest Rate 2024
The interest rate of HSBC personal loan ranges from 9.99% p.a. to 15.50% p.a. For more information about the interest rate, you can contact the customer care number of the bank or by visiting the bank branch.
Before applying for personal loan, it is important for us to know about personal loan interest rate 2023. If you apply for that loan without knowing the correct interest rate of the loan, then you may have to face problems at the time of repayment of the loan.
Benefits and Features of HSBC Personal Loan
- You can take advantage of HSBC Bank personal loan to meet any of your personal expenses.
- The interest rate of this personal loan starts from 9.99% p.a.
- The processing fee of the loan is up to 1% of the loan amount.
- You do not need to provide any collateral/guarantor to apply for HSBC Bank Personal Loan.
- Easy Documentation, Quick Processing and Disbursement |
- This loan can be taken for a maximum period of 60 months i.e. 5 years.
- Facility to transfer your existing Personal Loan to HSBC Bank.
- Loan Repayment Mode: You can repay the loan through Equated Monthly Installments (EMIs) or through Electronic Clearing System (ECS) or by setting up a Standing Instruction (SI) on the HSBC bank account.
HSBC India Personal Loan Eligibility
You can apply for this loan only if you are eligible for this loan. To apply for HSBC Personal Loan, you must have the following eligibility:
- Applicant should be resident of India.
- Existing HSBC Customers and Customers working in Preferred Corporates.
- The minimum age of the person applying should be 21 years.
- The maximum age of the applicant at the time of loan maturity: 60 years for salaried and 65 years for self-employed.
- Applicants should have minimum annual income: 4 lakhs or more for Corporate Employee Program and 5 lakhs or more for others.
- Both salaried and self employed individuals can apply for this loan.
- Non-resident Indian (NRI) individuals cannot apply for HSBC India Personal Loan.
- The loan application is valid in the cities of Ahmedabad, Bangalore, Chandigarh, Chennai, Kochi, Coimbatore, Hyderabad, Jaipur, Kolkata, Mumbai, New Delhi, Pune and Visakhapatnam (HSBC Visakhapatnam employees only).
Documents Need for HSBC Bank Personal Loan
Before applying for a personal loan, you should keep all your documents together so that whenever the bank asks you for documents, you can show them all the documents immediately. To apply for HSBC Personal Loan, you must have the following documents:
- Loan application form with one passport size photograph.
- Identity Proof (Any one): Passport / Electoral Voter ID / Permanent Driving License / Government Employee ID Card / Defense ID Card / Permanent Account Number (PAN) Card / Aadhar Card / Photo Ration Card / National Rural Employment Guarantee Act (NREGA) ) Job Card |
- Proof of Residence (Any one): Passport/Election-Voter ID/Permanent Driving License/Ration Card/Society Outgoing Bill (Only from Registered Societies)/Electricity/Water/Telephone Bill/Gas Bill (Pipeline Connection only)/Property Tax Domicile Certificate / Registered Rent / Lease Agreement with address issued by the Bill / Municipal Corporation (Registered with State Government or similar registering authority).
- Proof of Age (Any one): Passport / Driving License / Birth Certificate / Photo PAN Card / School Leaving Certificate.
Financial Documents:
For Salaried Person:
- Latest Pay Slip showing Statutory Deductions
- Form 16
- Salary account details for the last 3 months
For Self Employed Person:
- Audited/Certified Financials (P&L Account and Balance Sheet)
- Approved IT Returns for the last 2 years
- Bank details of the primary account for the last 6 months
HSBC Personal Loan Apply
If you fulfill all the conditions of this loan then you can apply online and offline for this loan. Information about the process of applying is given here below.
HSBC Personal Loan Apply Online
- To apply online, you have to first visit the official website of this bank www.hsbc.co.in.
- On the home page of the website, the option of personal loan will appear in the option of Borrowing, click on it.
- On the next page, all the information related to personal loan will come in front of you.
- To apply, you will see the option of Apply now on this page, click on it.
- A form will open in front of you.
- After entering the required details in the form, you have to click on submit.
- Then the bank will contact you and the loan process will be issued further.
How to apply offline?
- To apply offline, you have to first go to your nearest HSBC Bank branch.
- You have to contact the bank employee by going to the bank branch.
- The bank employee will provide you all the information related to personal loan.
- Then your documents will be verified.
- You will be given a form to apply.
- You have to enter the information asked in the form correctly, attach your documents and submit it there.
- If your loan is approved then the loan amount will be transferred to your bank account.
Personal loan fees and charges
- Processing Charges: Up to 1% of the loan amount
- Full/Part Prepayment Fee : 5% within 1 year of tenure, 4% within 2 years, 3% within 3 years and 2% after 3 years
HSBC Personal Loan EMI Calculator
Before applying for HSBC personal loan, you should calculate the EMI (Equated Monthly Installment) of your loan so that you can get an idea of ​​how much you will have to pay at the time of loan repayment.
You can calculate the EMI of your loan by visiting the official website of the bank with the help of Personal Loan EMI Calculator.
The EMI of the loan depends on the loan tenure, interest rate and loan amount. If you apply for that loan without calculating the EMI of the loan, then you may have to face problems at the time of loan repayment.
HSBC Personal Loan Status
If you have applied for a loan and want to track the status of your loan, then you can do it in many ways. You can track the status of your application by visiting your nearest bank branch or by calling Toll free: 18003090991 or you can check the status of your loan with the help of net banking facility of the bank.
HSBC Personal Loan Customer Care Number
If you want to get other information about this loan, then you can get information by calling on HSBC Personal Loan customer care number.
Toll free: 18003090991
Conclusion:
In this article, we have tried to give you complete information about How to get HSBC Personal Loan. Any person who wants to apply for HSBC Bank personal loan can get complete information about HSBC personal loan through this article.
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FAQs on HSBC Personal Loan
What is the interest rate of HSBC Personal Loan?
The interest rate of this loan starts from 9.99% per annum.
What is the loan tenure of HSBC Personal Loan?
up to 5 years.
How to apply for HSBC personal loan?
Complete information about applying for the loan is given in this article. You can apply for this loan by reading this article.