Insurance
You would need to insure your property with an insurance company against loss by fire, earthquake, floods and other damages with The Hongkong and Shanghai Banking Corporation Limited, India, as the beneficiary.

End use of funds sanctioned by HSBC as LAP
The funds sanctioned by HSBC as LAP may be used for business and general needs. However, the funds should not be used for illegal or speculative purpose(s).

Completed application form with one passport-size photograph.

Completed loan application

Proof of Identity (PI) (any one)

• Passport
• Election/Voter’s ID
• Permanent driving licence
• Government employee ID card
• Defence ID card
• Permanent Account Number (PAN) card
• Aadhaar Card
• Photo ration card

Proof of Present Residential Address (PRA) (any one)

• Passport
• Election/Voter’s ID
• Permanent driving licence
• Society outgoing bill (only from registered societies)
• Electricity/water/telephone bill
• Gas bill (pipeline connection only)
• Property tax bill
• Domicile certificate with address issued by Municipal Corporation

The above PI and PRA is an indicative list and final documents acceptable are based on HSBC's policy as applicable at the time of application of the loan. For more details, you can speak to your Relationship Manager (RM) or visit the nearest HSBC branch.

Note:
If the address on the document submitted as PI by the prospective customer is the same as that declared by him/her in the Application form, the document may be accepted as a valid proof of both PI and PRA. If the address indicated on the document submitted for PI differs from the address mentioned in the Application Form, a separate proof of PRA should be obtained.

Proof of age (any one)

• Passport
• Permanent driving licence
• Pan Card
  
  The above proof of age is an indicative list and final documents acceptable are based on HSBC’s policy as applicable at the time of application of the loan. For more details, you can speak to your Relationship Manager (RM) or visit the nearest branch.

Financial / Income documents required for Resident Indians

All documents need to be self attested
Listed below are the basic documents required, for more details speak to your Relationship Manager or visit the nearest HSBC branch.

Salaried individuals

• Latest 3 months salary slip showing statutory deductions and
• Bank statements for the last 3 months showing last 3 salary credits

Self-employed individuals / Partnership firm (loans will be extended in favour of Partners) / Private Limited companies (loans will be extended in favour of Directors) Loans can be extended to partner(s)/director(s) of a firm/company where the firm/company can be taken as co-applicant.

• Acknowledged IT returns for last 2 years (including e-acknowledgement)
• P&L account, Balance sheet certified / audited by CA & Computation of Income for the last 2 years with all Annexure and Auditors Report
• Primary Bank account statements for the last 6 months
• For Partnership firm additionally Partnership deed is required
• For Private limited companies additionally required
  a)Share holding Pattern or Memorandum and articles of association duly attested by CA
  b) List of directors

Consultant / Self-employed Professional

• Acknowledged IT returns for last 2 years (including e-acknowledgement)
• P&L account, Balance sheet certified / audited by CA & Computation of Income for the last 2 years with all Annexure and Auditors Report
• Primary Bank account statements for the last 6 months

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Salaried

• Copy of valid Indian passport showing Visa stamps or copy of foreign passport/equivalent documents
• Copy of valid Visa/work permit/equivalent documents supporting the NRI status of the applicant accountholder
• Latest contract copy evidencing salary/salary certificate/wage slips
• Overseas bank account statements for last 3 months showing salary credits
• 3 months’ NRE/NRO account statements
• Local bureau report of the country where customer is based

Working in Merchant Navy

• Latest contract copy. If on ‘home port’ for more than 6 months this year, future contract copy is required
• Latest Continuous Discharge Certificate (CDC) for 3 years’ employment proof
• Copy of passport for proof of identity
• Primary bank account statements for last 3 months
• Local bureau report of the country where customer is based (applicable if country of residence is other than India)

Self -employed

• Trade licence or equivalent document
• 6 months’ overseas bank account statements and NRE/NRO account statements
• Computation of income, P&L account and balance sheet for the last 3 years certified by a C.A./CPA or any other relevant authority as the case may be (or equivalent company accounts)
• Passport copy with valid visa stamp
• Brief profile of the applicant and business in the specified format
• Local Bureau report of the country where customer is based
  
  The above stated requirements / documentation is subject to change at the sole discretion of HSBC, India.

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