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HSBC Bank Personal Loan

HSBC Personal Loan - the only Personal Loan that lets you choose how to repay. Just as only a friend lets you repay the way you want. HSBC Personal Loan gives you 4 easy repayment options, so you can select one that suits you best.

HSBC personal loan India also 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).

  • Personal Loans available from Rs.50,000 up to Rs.15,00,000
  • Easy monthly repayment through Equated Monthly Installments (EMI) with post-dated cheques or direct debit to your bank account.
  • Transfer of an existing personal loan from another bank to HSBC India, at attractive interest rates.
  • No collateral/guarantor required.
  • Easy documentation, quick processing and disbursal.
  • Low Personal Loan Interest Rates.
  • HSBC customers can avail personal loans in the cities of Ahmedabad, Bengaluru, Chandigarh, Chennai, Cochin, Coimbatore, Hyderabad, Jaipur, Kolkata, Mumbai, New Delhi, Pune and Vizag (only employees of HSBC Vizag)
₹ 273,923 crores worth of Personal Loan Applications received! (last updated on 25 February 2024)
Personal Loan & your CIBIL score absolutely FREE.
Loan Amount
Employment Status
City

HSBC Personal Loan Interest Rates 2022

Type Charge
Current interest rate ranges from 9.54% p.a. to 15.5% p.a.
Processing fee Up to 2% of the disbursed loan amount. Processing fee paid/deducted is non refundable
Full/partial prepayment charges1 5% within 1 year of tenure, 4% within 2 years, 3% within 3 years, and 2 % after 3 years

Only after completion of minimum 6 months lock-in period detailed in the Personal Loan agreement.

HSBC Personal Loan Processing Fees & Charges

Type Charge
Annual maintenance charges NIL
Processing fee NIL
Late payment charges INR300 + applicable GST
Minimum payment due 5% of the total payment due
Overlimit charges NIL
Penal interest 2% over and above the applicable rate of interest on the delayed payments
Personal Line of Credit (PLOC) is currently available only to employees of select Corporates (under the Corporate Employee Programme), post opening of a salary account with HSBC. Sanction of PLOC facility is at the sole discretion of HSBC.
Salaried Individuals
Eligibility Criteria Loan Amount Documents Required
individual and should be a resident Indian 50,000 – 6 lacs ( upto 8 lacs in Delhi and Mumbai) Proof of applicant's identity Proof of residence Proof of age
21 years-58 years Latest salary slip showing statutory deductions
Or Form 16
continuous employment / business should be 1 year Latest acknowledged IT return
minimum net annual income should be Rs.75,000 p.a. Bank statements for the last 3 months Proof of Residence (any one) Ration Card / Utility bill / LIC Policy Receipt
minimum stay at current residence should be 1 year


Self Employed Individuals
Eligibility Criteria Loan Amount Documents Required
Individual and should be a resident Indian
50,000 - 6 lacs
(upto 8 lacs in Delhi & Mumbai)
Proof of applicant's identity Proof of residence Proof of age
Professional self-employed individuals: Doctors, Chartered Accountants, Cost Accountants, Company Secretaries, Architects, Engineers and Management Graduates. Bank statements for the last 6 months
21 years-58 years Computation of income for the last 2 years certified by a C.A.
Continuous employment / business should be 2 years P&L and balance sheet for the last 2 years certified by a C.A
minimum net annual income should be Rs.75,000 p.a. Copies of acknowledged IT returns for the last 2 years
minimum stay at current residence should be 1 year

HSBC bank also offers Home Loans, Loan Against Property and Credit Cards.

HSBC Ltd.
Head office:

52/60, M.G. Road,
Fort,
Mumbai-400001
INDIA

Disclaimer : Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.

Know the Rate of interest charged by major banks for Personal Loan