HSBC ₹2 Lakh Personal Loan

Helping individuals support their goals, the HSBC Bank 2 lakh personal loan is available for those seeking financial assistance at a lower interest rate, starting at just 9.99% per annum. Ensuring that the loan scheme is not pocket-straining, the loan tenure of up to 5 years helps manage expenses and pay budget-friendly EMIs. Without the need for any collateral or a guarantor, personal loan repayments can be made in EMIs using an Automated Clearing House (ACH) or a standing instruction from an HSBC bank account. Explore other key features of the HSBC Bank Rs 2 lakh personal loan and study the EMI over different tenures by scrolling through. 

Eligibility For Rs 2 Lakh HSBC Bank Personal Loan

The eligibility criteria for an HSBC Bank 2 lakh personal loan is simple. Refer to the table below:

Documents Required For Rs 2 Lakh HSBC Bank Personal Loan

The required documents for a 2 lakh HSBC Bank personal loan are given below:

Loan application form with a passport-sized photograph

Identity Proof: Aadhaar Card, PAN Card, Voter ID Card, Driving License, etc

Address Proof: Domicile Certificate, Property Tax Bill, Gas Bill, etc

Proof of Age: Aadhaar Card, PAN Card, Birth Certificate, etc

Income Proof: 

1. For Salaried Individuals: Latest salary slips, Form 16, Last 3 months’ salary statements
2. For Self-Employed Individuals: P&L Account & Balance Sheet, IT Returns for the last 2 years, last 6 months’ primary bank account statement.

Rs 2 Lakh HSBC Bank Personal Loan – Interest Rates & Fees

By referring to the table below, study the interest rate and applicable fees & charges on the Rs 2 lakh HSBC Bank personal loan:

Repayment Modes For Rs 2 Lakh HSBC Bank Personal Loan

HSBC Bank allows repayments by Equated Monthly Instalment (EMI), the ACH, or a standing instruction from the HSBC Bank account.

Rs 2 Lakh HSBC Bank Personal Loan EMI

At an interest rate of 9.99% per annum, the applicable EMI on the 2 lakh HSBC Bank personal loan over a tenure of 5 years is mentioned in the table below:

How To Apply For a Rs 2 Lakh HSBC Bank Personal Loan?

To apply for a Rs 2 lakh personal loan from HSBC Bank, follow these steps:

First, visit urbanmoney.com and go to the “Loan” menu on the homepage, then select “Personal Loan.” You will be directed to the “Personal Loan” section, where you can scroll down to see a list of the top banks in India. Locate “HSBC Bank” and click the “Apply Now” button. An online form will appear, prompting you to enter your name, mobile number, and city. After submitting this information, you will receive a 6-digit OTP on your phone for verification. Once verified, you can expect a follow-up call for further assistance.

Alternative Options To Avail a Rs 2 Lakh Personal Loan

If you are looking for other alternatives to avail of a Rs 2 lakh personal loan, you can choose one of the following alternatives:

HSBC Anytime Credit

HSBC Bank allows its account holders to access instant pre-approved credit during financial emergencies. The account holder can avail credit up to five times their salary or a maximum of Rs 50 lakhs. 

Credit Cards

Numerous credit card companies offer credit cards with higher credit limits to individuals who earn a regular source of income and have a good repayment history. Availing a credit card and utilising the credit offered at an applicable interest rate can be useful.

Salary Advance

Many employers offer salary advances to their employees. Check whether you can avail of a Rs 2 lakh salary advance and use it as a personal loan.

Pre-Approved Personal Loans

Various banks offer customers a pre-approved personal loan at an attractive interest rate. Check whether you are eligible for a pre-approved loan and instantly apply for one in case of financial emergencies.