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HSBC
BANK
| Eligibility : |
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- Applicant should be a resident Indian
- Minimum net annual income of Rs. 150,000 for secured loan and Rs.
75,000 for unsecured loan
- Student must have secured admission to a recognised college/university
in India or abroad
Loans available for study abroad at select institutes, based on their
accreditation
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Loan Details
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Quantum
Loans are available for studies in India or abroad.
Avail of loan amounts ranging from a minimum of Rs. 50,000 to a maximum
of Rs. 25,00,000.
Security
Loans above Rs.500,000 are available against security
of residential property/shares. Loans to value ratio to be less than
or equal to 50% of the property valuation.
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| Rate of Interest |
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As per bank rules. The bank gives an option of
choosing between a fixed or floating rate of interest (the floating
rate option is available only in case of secured loans). |
| Repayment |
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Through Equated Monthly Installments
(EMIs) scheme.
Repayment period is up to 4 years for unsecured loans
and 7 years for secured loans (against security of a residential property
/ shares).
All loans at the sole discretion of The Hongkong and
Shanghai Banking Corporation Limited, India. Loans available for applicants
and properties in and around the limits of cities where HSBC has branches
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| Contact Details
HSBC Bank
Encore, Nr. Mc Donalds, Lokhandwala Complex, Andheri
(W), Mumbai
Telephone No. : +91 (22) 4042 2424
Website : visit
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