HSBC Bank Personal Loan Details - Eligibility, Interest Rates and Documents

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When you are able to get all the information at one place, it makes the process easier. For HSBC personal loan, you will find out the documents, eligibility criteria and interest rates so that you can look into the information and apply for the loan accordingly.












Let us start with telling you what are the documents required to apply for HSBC Bank personal loan.

Documentation Required for HSBC Personal Loans

Important documents to be submitted while applying for HSBC personal loan:

  • Completed loan application
  • 3 Passport size photographs
  • Proof of identify (photo copies of Voters ID card/ Passport/ Driving licence/ IT PAN card)
  • Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill)
  • Statement of Bank Account/ Pass Book for last six months
  • Form 16/IT returns for the last two financial years for salaried employees
  • IT returns for the three years for self-employed professionals
  • HSBC Personal Loans
  • Catering to the needs of various sections of people, tailor-made HSBC personal loans is the best option to fulfil your short-term needs. You can choose the best personal loan based on your requirement.
Eligibility criteria for HSBC Personal Loan

The criteria based on which HSBC Bank approves or disapproves your loan application is given below:

  • To avail the personal loans from HSBC, you need to have the following eligibility criteria.
  • You should be 21 years old or above
  • Should be Indian resident
  • Salary slip of last 3 months
  • Proper Address Proof and Identity proof
  • The minimum net annual income should be Rs. 4 lakhs per annum and above for Corporate Employee Programme and Rs.5 lakhs and above for other customers
  • Interest Rate and Other Charges on HSBC Personal Loans
  • Annual Percentage Rate (APR) for Personal Loans ranges between 10.99% to 19.84% for all loans at a maximum tenor of 60 months
  • Interest Range for Q1 2017 for different categories of customers: 10.99% to 19.5% p.a. Mean (Average) interest rate in Q1 2017 was 12.51% p.a.

Purposes for which you can take HSBC personal loan

HSBC personal loans are best for sudden financial needs such as wedding going out of budget,

The aim of the HSBC personal loan is to provide financial assistance to fulfil the needs like medical treatment of self or a family member, to meet wedding and travel expenses, education and house repair.

  • No Collateral Required: As personal loans are unsecured loans, you do not have to pledge any collateral to obtain HSBC personal loan. However, suitable third-party guarantee is acceptable.
  • Loan Amount: You can get loan up to INR 15,00,000 and select customers can get up to INR 30,00,00.
  • Loan Tenure: Up to 5 years
  • Prepayment Charges: You can prepay the loans after completing 6 EMIs. Prepayment charges are up to 3.75% of the loan amount.
  • Convenient Borrowing: You can apply online or visit nearby HSBC branches.

With the information you have got here, you may find it easier to know whether or not HSBC Bank is giving you a desired loan. HSBC Bank personal loan is a good way to sort out finance-related problems.
Location: India

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