Bank
HSBC Bank

HSBC’s origins in India date back to 1853 when the Mercantile Bank of India was established in Mumbai. The bank has grown steadily and now offers products and services to corporate and commercial banking clients and retail customers.

About Home Loan

Home Loans that offer new saving opportunities

Eligibility Criteria

Minimum Net Income (Rs.)

  • 5, 00,000 p.a (salaried)
  • 7, 50,000 p.a (self-employed)

Minimum Age (in years)

  • 21

Maximum Age (in years) on maturity of loans

  • 58 (salaried)
  • 60 (public limited/government employees)

  • 65 (self-employed)

Minimum Loan Amount (Rs.)

  • 3 Lakh

Maximum Loan Amount (Rs.)

  • 10,00,00,000

Maximum Tenure (in years)

  • 20 years.
  • For salaried applicants 25 years.

Documents Required

  • Duly signed and filled application form
  • Passport-size photograph
  • Statements of investments, if any
  • Copy of plan approved for the proposed construction/extension
  • Cost estimation or valuation report from the bank's (or finance company's) panel CA
  • Allotment letter of housing board/NOC of the society/builder etc.
  • Bank statement and salary slips

In addition to these, you will have to also submit the following documents:

  • Identity and signature proof- Passport, Pan card, Driving License, Voter ID card, Aadhar card, employee identity card in case of government employees.
  • Address Proof- Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/electricity/water/credit card bill or Property tax.
  • Age Proof- Voter ID card, Secondary school leaving certificate (class 10), birth certificate, Pass

 

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another

About Personal Loan

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.

Eligibility Criteria

  • Applicant must be existing HSBC customer

  • 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 58 years 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

Documents Required

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


    Self employed individuals

  • 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

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another

About Business Loan

HSBC believe that you need appropriate finance based on the nature and goals of your business. With range of secured lending solutions, HSBC can help you get the right loan for your business.

Eligibility Criteria

Offered to the following type of concerns-

  • Sole Proprietorships
  • Partnerships
  • Private Limited Companies

Age of the guarantor (wherever personal guarantee is applicable)-

  • Minimum age of the guarantor to be 21 years
  • Maximum age of the guarantor to be 65 years at the time of the loan maturity
  • Positive profit after tax (PAT)

Documents Required

Last 3 year audited financials along with audited report (Provisional financials for the latest 12 months ended if not covered to be provided.) (Details of Investments, Loans and advances to Group companies as of last audited results).

  • Three years income tax returns
  • Three years sales tax returns
  • Copy of monthly stock, age wise book debt and creditors statement for the last 3 months
  • Copy of last 6 months bank statement of main banker / copy of bank statement for the term loan
  • Duly filled up Common Application Form,
  • Details of all business entities where either of the promoters or direct family (spouse/children) singly or jointly hold more than 10% stake and are involved in any other business
  • An undertaking duly signed by the promoters that all business entities where the promoters in their individual capacity or through their immediate relatives (spouse / children) are stake holders has been duly disclosed to HSBC
  • All copies of property documents proposed to be offered as security wherever applicable. These would include the sanctioned plan, title deed, registration receipts, Index II, Property card extracts etc.
  • Any other document as may be necessary to capture information as specified by HSBC from time to time

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another

About Loan Against Property

Loan Against Property from HSBC makes sure nothing comes in the way of fulfilling your dream.

Eligibility Criteria

a.

Minimum net income (Rs.)

5, 00,000 p.a. (salaried)
7, 50,000 p.a. (self-employed)

b.

Minimum Age (in years)

21

c.

Maximum Age (in years)

58 (salaried)
60 (public limited/government employees)
65 (self employed)

d.

Minimum Loan Amount (Rs.)

3,00,000

e.

Maximum Loan Amount (Rs.)

10,00,00,000

f.

Maximum Loan Tenure (in years)

15

g.

Interest Rate Type

Floating Rate . (Fixed Rate is not offered)

Documents Required

Completed application form with one passport-size photograph. Completed loan application

Proof of Identity (PI) (any one)

Proof of Present Residential Address (PRA) (any one)

  • Passport
  • Election/Voter’s ID
  • Permanent driving licence
  • 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

The above PI and PRA is an indicative list and final documents acceptable are based on HSBC's policy as applicable at the time of application of the loan. For more details, you can speak to your Relationship Manager (RM) or visit the nearest HSBC branch.

Note:

If the address on the document submitted as PI by the prospective customer is the same as that declared by him/her in the Application form, the document may be accepted as a valid proof of both PI and PRA. If the address indicated on the document submitted for PI differs from the address mentioned in the Application Form, a separate proof of PRA should be obtained.

Proof of age (any one)

  • Passport
  • Permanent driving licence
  • PAN Card

The above proof of age is an indicative list and final documents acceptable are based on HSBC’s policy as applicable at the time of application of the loan. For more details, you can speak to your Relationship Manager (RM) or visit the nearest branch.

Financial / Income documents required for Resident Indians

All documents need to be self attested

Listed below are the basic documents required, for more details speak to your Relationship Manager or visit the nearest HSBC branch.

Salaried individuals

  • Latest 3 months salary slip showing statutory deductions and
  • Bank statements for the last 3 months showing last 3 salary credits

Self-employed individuals

  • Acknowledged IT returns for last 2 years (including e-acknowledgement)
  • P&L account, Balance sheet certified / audited by CA & Computation of Income for the last 2 years with all Annexure and Auditors Report
  • Primary Bank account statements for the last 6 months
  • For Partners of the Partnership firm additionally Partnership deed is required
  • For Directors of the Private limited companies additionally required
  • a)Share holding Pattern or Memorandum and articles of association duly attested by CA b) List of directors

    Consultant / Self-employed Professional

    • Acknowledged IT returns for last 2 years (including e-acknowledgement)
    • P&L account, Balance sheet certified / audited by CA & Computation of Income for the last 2 years with all Annexure and Auditors Report
    • Primary Bank account statements for the last 6 months

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  •  
  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer