Whatever the size of your business and type of industry, you will at some point of time need financing either to meet a dire need or make the most of a business opportunity. At these times, your property can be a suitable security, among others, to finance this need. HSBC has designed 'Loan against Property' to enable you to make use of the power of your property to structure your loan to meet your business requirement.
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Take an amount to suit your business needloan amounts range from Rs. 500,000 to Rs. 10,000,000.
You provide the Collateral most convenient to youcollateral offered can be commercial or residential property. Loan can also be offered against the property of the directors / partners.
Take a loan tenor convenient to you Loan can be taken for a tenure up to 10 years.
Meet your business need or opportunity on timeQuick disbursal of the loan, within days of the submission of the application form and required documents.
Choose the interest type you wantOption to choose between fixed and floating interest rates with the flexibility to change once every year without any penalty charges.
Prepay your loan as per your convenienceFlexibility to prepay up to 25% of your loan every year, after the first 6 months without any pre-payment charges.
Enjoy the special treatment from HSBCif you are a HSBC customer for 6 months or more, you are entitled to a special relationship discount on the processing fee.
All loans against the security of property are subject to terms and conditions and are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited (HSBC) India. Loans available for concerns located in and against properties in and around the limits of the cities where HSBC has branches. This is subject to change from time to time and is at the sole discretion of HSBC, India.
Loan against Property is currently available only in the following locations; Mumbai, Pune, Kolkata, Hyderabad, Bangalore, Chennai, New Delhi, Jaipur and Chandigarh.