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Personal Loan from HSBC

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Personal Loans1 from HSBC

Personal Loan from HSBC

When expenses arise, like your daughter's marriage, furnishing your home, higher education for your children or a family holiday you can turn to Personal Loan from HSBC.

HSBC customers can avail personal loans in the cities of Mumbai, Delhi, Pune, Kolkata, Bengaluru, Hyderabad, Ahmedabad, Jaipur, Chandigarh, Chennai, thiruvananthapuram, Cochin, Ludhiana and Baroda only.

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Features & Benefits

Personal loan repayment with low interest rates. Personal loan repayment with low interest rates

 

HSBC India offers

  • Personal Loans with flexible tenure of up to 5 years (i.e. tenure from a minimum of 6 months onwards with additional block of 6 months. You can choose a tenure ranging from 6, 12 , 18, 24, 30, 36, 42, 48, 54 or 60 months).
  • The maximum loan amount that can be availed of under this offer is Rs. 15 lakhs. Select customers may be eligible for loans upto Rs. 20 lakhs based on internal credit policy of HSBC.
  • Easy monthly repayment through Equated Monthly Installments (EMI) or through Electronic Clearing System (ECS) or by setting up a Standing Instruction (SI) on HSBC bank account
  • EMI date will be the 5th or 15th of every month, depending on the loan disbursal date.
  • For HSBC personal loans disbursed between 1st and 15th of the calendar month, the EMI date will be 5th of next calendar month.
  • For HSBC personal loans disbursed between 16th and 31st of the calendar month, the EMI date will be 15th of next calendar month.
  • Transfer of an existing personal loan from another bank in India
  • No requirement of collateral/guarantor
  • Easy documentation, quick processing and disbursal

  • Home renovation or other home related expenses
  • Marriage expenses
  • Travel expenses
  • Transferring an existing loan from another bank
  • Purchasing consumer durables or equipment
  • Any other personal needs and contingencies

Personal Loan Interest Rates and charges **

Our current interest rate ranges from 12.25% p.a. to 17.5% p.a. Processing fee up to 2.5% of the disbursed loan amount

Prepayment charge is upto 3.75% of the principal outstanding. Prepayment would be allowed only after 6 months from the date of loan disbursal (after 12 months of loan disbursal date for Balance Transfer cases).

Interest Rates for Q4 2015

Annual Percentage Rate (APR) for Personal Loans ranges between 11.99% to 18.34% for all loans at a maximum tenor of 60 months

Interest Range for Q4 2015 for different categories of customers: 11.99% p.a. to 18% p.a. Mean (Average) interest rate in Q4 2015 was 13.09% p.a.  

All loans at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC)". Personal loans are available in the cities of Mumbai, Delhi, Pune, Kolkata, Bengaluru, Hyderabad, Ahmedabad, Jaipur, Chandigarh, Chennai, thiruvananthapuram, Cochin, Ludhiana and Baroda only and is subject to change from time to time. Click here for the Most Important Terms and Conditions (MITCs) for Personal Loan from HSBC.

*The loan amount may vary subject to conditions and other internal credit policy of HSBC.

"Please note that as per recent directive in the Union budget 2016, from 1 June 2016, the effective rate of tax would be 15% (Service tax of 14%, Swachh Bharat and Krishi Kalyan Cess of 0.5% each) and will be applicable on all our fees and charges".

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Personal Loan Eligibility Calculator

Personal Loan Eligibility Calculator