HSBC Personal Loan - Eligibility & Documentation

• Applicant can be a salaried / self-employed individual and should be a resident Indian.
• Professional self-employed individuals eligible for a personal loan are Doctors, Chartered Accountants,Cost Accountants, Company Secretaries, Architects, Engineers and Management Graduates.
• The minimum age of the Applicant should be 21 years for salaried and self-employed individuals.
• The maximum age of the Applicant at loan maturity should be 58 years for salaried individuals (60 years for Central Govt. employees) and 65 years for self-employed individuals.
• The minimum years in continuous employment / business should be 1 year for salaried individuals and 2 years for self-employed individuals.
• The minimum net annual income should be Rs.2,50,000 p.a.(for income based sourcing)^* (including co-applicant's or applicant's income) for salaried and self-employed individuals.
• The minimum stay at current residence should be 1 year for salaried and self-employed individuals.

Complete loan application form with one passport photograph with signature on the reverse.

Proof of applicant's identity (any one of the following)

• Passport
• Defence identity card
• Valid Driving license
• Government identity card
• Photo PAN card
• Voter's identity card
• Photo ration card

Proof of residence (any one of the following)

• Passport
• Telephone (land/mobile) bill
• Driving license
• Electricity bill
• Society outgoing bill
• Life Insurance Premium receipt
  
  Only Passport can be used as both proof of individual’s identity and proof of residence.

Proof of age (any one of the following)

• Passport
• Driving license
• Birth certificate
• Photo PAN card
• School leaving certificate

Financial documents

Salaried individuals

• Latest salary slip showing statutory deductions OR
• Form 16 (Declaration from employer giving details of income and deductions, duly signed by an authorised signatory of the company) OR
• Latest acknowledged IT return AND
• Bank statements of the primary account for the last 3 months

Self-employed individuals

• Computation of income for the last 2 years certified by a C.A. OR
• P&L and balance sheet for the last 2 years certified by a C.A. AND
• Copies of acknowledged IT returns for the last 2 years AND
• Bank statements for the last 6 months
• Additionally in case of self-employed professional, degree certificate or final year mark sheet

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