HSBC Bank Personal Loan
HSBC Bank Personal Loan - http://www.loansandcredits.in/hsbc-bank-personal-loan/
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Apply Personal Loan
Apply Personal Loan :- Loan amount from Rs.1 lakh up to Rs.20 lakhs Convenient loan repayment option of 12 to 60 months No security or collateral required to avail this loan Simplified and quick documentation Attractive interest rates Hassle-free loan sanction and disbursal procedure[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/2"][contact-form-7 id="3299" title="PL-loansandcredits.in"][/vc_column][vc_column width="1/2"][vc_column_text]
Personal Loan from HSBC Bank
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 and Cochin only.
Features & Benefits
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. 30 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
Eligibility & Documentation
Eligibility Criteria
- Existing HSBC customers and customers working in preferred corporates
- Applicant should be a resident Indian
- The minimum age of the Applicant should be 21 years
- The maximum age of the Applicant at loan maturity should be 60 years for salaried and 65 years for the self employed
- The minimum net annual income should be Rs.400,000 p.a. and above for Corporate Employee Programme and Rs.500,000 and above for other customers
The following documents are required to be submitted while applying:
Complete loan application form with one passport size photograph.
Valid proof of applicant's identity (any one of the following)
- Passport
- Election/Voter's ID
- Permanent driving licence
- Government employee ID card
- Defence ID card
- Permanent Account Number (PAN) card
- Aadhar Card
- Photo ration card
- National Rural Employment Guarantee Act (NREGA) Job Card
Proof of residence (any one of the following)
- Passport
- Election/Voter's ID
- Permanent driving licence
- Ration card (refer note 43ik)
- Society outgoing bill (only from registered societies)
- Electricity/water/telephone bill
- Gas bill (pipeline connection only)
- Property tax bill
- Domicile certificate with address issued by Municipal Corporation
- Registered rent/lease agreement (registered with State Government or similar registration authority)
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) AND
- Salary account statements for the last 3 months
- Audited/ certified financials (P&L account and Balance Sheet) AND
- Acknowledged IT returns for the last 2 years AND
- Bank statement of the primary account for the last 6 months
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Loan EMI Calculator
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Personal Loan Interest Rates and charges
Our current interest rate ranges from 11.29% 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 & Specific rate cases)
Interest Rates for Q1 2017
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.
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Service Charges
Personal loan processing charges
Up to 2.5% of the disbursed loan amount. Processing fee paid/deducted is non refundable
Foreclosure / Partial prepayment charges
Up to 3.75% of the outstanding amount
Foreclosure or partial prepayment allowed only after 6 months from the date of Personal Loan disbursement(after 12 months of loan disbursal date for Balance Transfer cases).
Foreclosure fee on Personal Loans to HSBC & HSBC Group staff.
1% of the outstanding.
If the individual is no longer a staff when the loan is being foreclosed the regular foreclosure fee of 3.75% on the outstanding amount will apply.[/vc_column_text][/vc_column][/vc_row][/vc_section][vc_section][/vc_section]
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