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HSBC Bank Personal Loan Details

HSBC Bank 3.75 / 5.04 users

HSBC Bank personal loan can help you out of a financial crisis. The unsecured loan can be used to meet endless expenses, as there is no restriction on the end use of the fund. HSBC is a leading banking company in India that offers personal loan to its customers in the major cities of the country. Features like fast processing and nominal documentation has made this loan lucrative.

Our website, Loanbaba.com will provide you all details about personal loan HSBC Bank.

HSBC Bank Personal Loan Details Updated on
Loan Amount Maximum Rs. 20 Lakhs
Loan Tenure 6 Months to 5 years
Interest Rate 11.29% p.a. to 17.50% p.a.

Why Choose HSBC Bank Personal Loan?

  • The advantage of this loan is its same interest throughout the duration.
  • Simple documentation is needed and the personal loan in HSBC Bank then gets processed faster.
  • The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
  • You can check out HSBC Bank personal loan eligibility and HSBC Bank Personal Loan EMI calculator at Loanbaba.com.

Features of Personal Loans at HSBC Bank

The following key points will help you understand the features and benefits of the personal loans:

  • The applicant can visit to any branch of the bank to apply for the loan. Also he/she can directly call phone banking line to contact with them and the bank will send their representative to the place of applicant for sorting all the formalities.
  • A late fee worth 2 % of outstanding loan amount will be charged if the re-payment EMI gets delayed. Besides this amount, 250 rupees will also be charged for every late payment.
  • The customers may change the repayment instrument which they use to pay off the loan. The facility is chargeable according to the rates determined by bank.
  • Option of Partial disbursement is not available for this loan.
  • The bank issues a certificate of “No Due” when the customer is done with paying off the loan completely.
  • Only those customers who have existing relationship with the bank can apply for the loan. If one wants to avail the loan from the bank, he/she first needs to have an account in the bank to apply for the loan.

Types of HSBC Bank Personal Loans

HSBC Bank has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

Why Apply for HSBC Bank Personal Loan?

Loanbaba provides comprehensive information about personal loan schemes by HSBC. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for this loan online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

HSBC Bank Personal Loan Interest Rates

Personal Loan HSBC Bank interest rate is between 11.29% p.a. and 17.50% p.a., but varies as per individual profile. Keep a check on this page to note the updated HSBC Bank Personal Loan Interest Rate for the current year.

HSBC Bank Personal Loan Eligibility Calculator

Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost HSBC Bank personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for HSBC Bank personal loan are discussed below:

  • The applicant for personal loan HSBC Bank needs to meet the age requirement and possess all necessary identity and income proof required to apply for the loan.
  • He/she meet the requirement for credit score and should not be under too many debts.

HSBC Bank Personal Loan FAQs

Below provided are important questions about personal loan HSBC Bank.

The applicant can provide any one of the following documents: PAN card, passport, Voter ID, Defence ID card, Aadhaar card, ration card, driving license, govt. employee identity card or Job Card of NREGA. As identity roof, the applicant can provide any one of the following documents: ration card, driving license, passport, Voter ID, Society outgoing bill, water/telephone/ electricity/ gas bill, property tax bill, Municipal Corporation approved domicile certificate with address, gas bill, registered lease or rental agreement.
People living in the following cities can avail this loan: Delhi, Thiruvananthapuram, Kolkata, Hyderabad, Pune, Mumbai, Chandigarh, Cochin, Ludhiana, Jaipur, Vadodara, Chennai, Bangalore and Ahmedabad.
One can pre-close the personal loan account by pre paying after 6 months of the disbursing of the loan. One needs to send intimation to the bank in written and then, the bank gives a confirmation about the amount of prepayment. However, a Thirty Day Service Pledge Programme presence means that the customer has the option of closing the loan within just thirty days after disbursement of the loan date, subject to programme's terms & conditions.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of HSBC Bank.

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