हिंदी में पढ़े
|
HSBC India Personal Loan Highlights |
|
| Interest rates | 9.99%-16.00% p.a. |
| Loan Amount | Up to Rs. 15 lakh For Select Customers-Up to Rs. 30 Lakh |
| Tenure | 6 months-5 Years |
| Processing Fees | Up to 2% of Loan Amount |
| Minimum Net Annual Income | For Corporate Employee Programme- Rs. 4 Lakh
For Other Customers- Rs. 5 Lakh |
Note: Rates as of 7th December 2023
Table of Contents
HSBC India Personal Loan Interest Rates
| Minimum Interest | 9.99% p.a. |
| Maximum Interest | 16.00% p.a. |
Apply for Personal Loan with Quick Disbursal Click Here
Comparison of Personal Loan Interest rates of Top Banks/NBFCs
| Banks/NBFCs | Interest Rates(p.a.) | |
| Axis Bank | 10.49% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.75% onwards | Apply Now |
| HDFC Bank | 10.50% onwards | Apply Now |
| ICICI Bank | 10.65% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Federal Bank | 11.49% onwards | Apply Now |
| DMI Finance | 12.00% - 40.00% | Apply Now |
| L&T Finance | 12.00% onwards | Apply Now |
| Kreditbee | 12.25% - 30.00% | Apply Now |
| MoneyTap | 13.00% onwards | Apply Now |
| Piramal Finance | 12.99% onwards | Apply Now |
| Aditya Birla | 13.00% onwards | Apply Now |
| Moneyview | 15.96% onwards | Apply Now |
| Cashe | 27.00% onwards | Apply Now |
Also know which bank or NBFC is best for personal loans in India
Apply for Personal Loan with Quick Disbursal Click Here
HSBC India Personal Loan Fees and Charges
| Processing Fee | Up to 2% of the loan amount. |
| Full/Partial Prepayment charges | Within 1 year – 5% Within 2 years – 4% Within 3 years – 3% After 3 years – 2% |
Know more about personal loan processing fees charged by top lenders
Eligibility Criteria for HSBC India Personal Loan
- Profession: Customers working in preferred corporates and existing HSBC customers
- Nationality: Resident Indian
- Age: For Salaried: 21-60 years
For self-employed: 21-65 years - Minimum Net Annual Income: For Corporate Employee Programme- Rs 4 lakh
For Other Customers- Rs 5 lakh
HSBC may also consider the credit score of its applicants, just like other lenders do while setting their personal loan eligibility.
Apply for Personal Loan with Quick Disbursal Click Here
Documents Required for Personal Loan Application
- Duly filled application form with one passport size photograph
ID Proof:
- Voter ID
- Passport
- Aadhaar Card
- Ration Card
- Driving License
- PAN Card
- Defence ID Card
- Government Employee ID Card
- National Rural Employment Guarantee Act (NREGA) job card
Address Proof:
- Society outgoing bill from registered societies only
- Property tax bill
- Gas bill
- Driving License
- Voter ID
- Ration Card
- Rent/lease agreement registered with State Government or similar registration authority
- Domicile certificate with address issued by Municipal Corporation
Age Proof:
- Birth Certificate
- School Leaving Certificate
- Passport
- Driving License
- PAN Card
Financial Documents:
For Salaried Individuals
- Bank Statement with salary credit for last 3 months
- Latest salary slip with statutory deductions
- Form 16 (employer’s declaration with details of income and deductions, signed by the company’s authorized signatory)
For Self-Employed Individuals
- Acknowledged ITR for last 2 years (mandatory)
- Audited/certified P&L account and balance sheet
- Bank Statement for primary account for past 6 months
Apply for Personal Loan with Quick Disbursal Click Here
EMI Calculation
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Apply for Personal Loan with Quick Disbursal Click Here
Frequently Asked Questions (FAQs)
Q. I do not have an account with HSBC? Can I avail HSBC Personal Loan?
A. HSBC offers personal loans only to its existing resident customers holding HSBC Liability Accounts (savings, current, fixed and recurring deposits), credit cards or home loan or those employed with select corporates.
Q. Is there an option for partial loan disbursement?
A. The personal loan at HSBC is disbursed in one go. There is no option for partial loan disbursement.
Q. Can the applicants prepay the HSBC Personal Loan?
A. Yes, the applicants can prepay the HSBC Personal Loan only after 6 months of loan disbursement. The applicant needs to intimate the bank in writing and pay according to the prepayment amount confirmed by the bank. Under the 30 Day Service Pledge Program, the borrower can close the personal loan within 30 days of loan disbursement, subject to the terms and conditions of 30 Days Service Pledge Program.
Q. What is the minimum credit score required to avail HSBC Personal Loan?
A. HSBC has not specified cut-off credit score for its personal loan applicants. However, the applicants with minimum credit scores of 750 and above have higher chances of availing personal loans at lower interest rates.
Also Read: Use of Step Up Credit Card Co-branded with SBM Bank India Ltd. in building/improving your credit score
Q. Do I have an option for partially prepaying the HSBC personal loan?
A. Yes, you can partially prepay up to 20% of the disbursed loan amount, only after 12 months from the date of loan disbursal. The partial prepayments can be made across two transactions in a year.
Q. Do you need any security, collateral or guarantors while applying for HSBC Personal Loan?
A. HSBC does not ask for any collateral or guarantor from the personal loan applicants.