HSBC ₹1 Lakh Personal Loan

An individual who requires a personal loan of Rs 1 lakh can explore the HSBC Bank personal loan scheme. With a loan tenure of up to 5 years and interest rates starting at 9.99% per annum, individuals need not worry about hefty EMIs and can ensure timely repayments, not burdening their pockets. Ensuring the loan disbursement is as soon as possible, the HSBC Bank personal loan requires no collateral or a guarantor. From education expenses to home renovations, leverage the HSBC Bank Rs 1 lakh personal loan benefits and continue scrolling through to understand whether you fit the eligibility criteria and the required documents.

Eligibility For Rs 1 Lakh HSBC Bank Personal Loan

The eligibility criteria for a Rs 1 lakh personal loan from HSBC Bank are given below:

Age Criteria: 

1. Salaried Individuals – Between 21 and 60 years of age
2. Self-Employed Individuals – Between 21 and 65 years of age

Nationality: Must be an Indian citizen

Address: Applicants are required to have a mailing address within India.

Documents Required For A 1 Lakh HSBC Bank Personal Loan

Carry the following documents to avail of an HSBC Bank Rs 1 lakh personal loan:

Rs 1 Lakh HSBC Bank Personal Loan – Interest Rates & Fees

The table below mentions the applicable interest rates and fees on a Rs 1 lakh personal loan from HSBC Bank:

Repayment Modes For Rs 1 Lakh HSBC Bank Personal Loan

The personal loan applicant can use the following methods to repay their Rs 1 lakh HSBC Bank personal loan:

• Equated Monthly Instalments (EMI)
• Automated Clearing House (ACH)
• Standing Instruction from HSBC Bank account

Rs 1 Lakh HSBC Bank Personal Loan EMI

The table below calculates the EMI on a Rs 1 lakh personal loan from HSBC Bank at an interest rate of 9.99% over different tenures:

How to Apply For a Rs 1 Lakh Personal Loan From HSBC Bank?

Adhere to and follow these steps to apply for a Rs 1 lakh personal loan from HSBC Bank:

• Go to urbanmoney.com.
• Go to the “Loan” menu on the homepage and select “Personal Loan.”
• You will be directed to the “Personal Loan” section.
• Scroll down to see a list of top banks in India.
• Find “HSBC Bank” and click the “Apply Now” button.
• An online form will appear.
• Enter your name, mobile number, and city.
• Receive a 6-digit OTP on your phone.
• After verification, expect a follow-up call.

Alternative Options For a Rs 1 Lakh Personal Loan

You can explore the following alternative options to avail of a Rs 1 lakh personal loan:

• Borrow from Friends and Family: Request a loan from trusted friends or family members.
• Personal Loan from a Bank: You can apply for a personal loan at your local bank or through its online portal.
• Credit Cards: Use a credit card to withdraw cash or make purchases up to the limit.
• Peer-to-Peer Lending: Use P2P lending platforms to secure individual investors’ loans.