HSBC ₹3 Lakh Personal Loan

With interest rates starting at 9.99% per annum, the HSBC Bank Rs 3 lakh personal loan can be useful for individuals seeking urgent financial assistance. HSBC Bank also allows existing loans to be transferred to their bank at a lower interest rate. The loan applicant can borrow funds and make timely repayments between 6 months and 5 years. Requiring no collateral or a guarantor, the loan disbursement process becomes easy and quick. Offering easy eligibility and minimal documentation, explore the HSBC Bank 3 lakh personal loan and understand its key features and benefits by scrolling through.

Rs 3 Lakh HSBC Bank Personal Loan – Eligibility Criteria

Before applying for the 3 lakh HSBC Bank personal loan, meet the following eligibility criteria. Refer to the table below:

Rs 3 Lakh HSBC Bank Personal Loan Documents Required

To apply for a Rs 3 lakh HSBC Bank personal loan, you must submit a completed loan application form and a passport-sized photograph. For identity verification, acceptable documents include an Aadhaar Card, PAN Card, Voter ID Card, or Driving License. You can provide a Domicile Certificate, Property Tax, or Gas Bill to verify your address. Proof of age can be demonstrated with an Aadhaar Card, PAN Card, or Birth Certificate. Additionally, income proof is required: salaried individuals should provide their latest salary slips, Form 16, and salary statements from the last three months. Meanwhile, self-employed individuals must submit their Profit & Loss Account and Balance Sheet, IT Returns for the past two years, and primary bank account statements from the last six months.

Rs 3 Lakh HSBC Bank Personal Loan – Interest Rates & Fees

Understand the applicable interest rates & fees on the Rs 3 lakh HSBC Bank personal loan by reading the points below:

• Maximum Loan Amount: Up to Rs 30 lakhs
• Interest Rate: The interest rate ranges between 9.99% to 15% per annum
• Repayments Tenure: Up to 5 years
• Non-refundable Processing Fee: Up to 2% of the obtained loan amount
• Full or Partial Prepayment Charges: 5% within 12 months, 4% within 24 months, 3% within 36 months and 2% after 36 months

Repayment Modes For Rs 3 Lakh HSBC Bank Personal Loan

The loan applicant can use the following methods to repay the Rs 3 lakh HSBC Bank personal loan:

EMI For Rs 3 Lakh HSBC Bank Personal Loan

Refer to the table below that shows the calculated EMI on a Rs 3 lakh HSBC Bank personal loan over different tenures at an interest rate of 9.99% per annum:

How To Apply For a Rs 3 Lakh HSBC Bank Personal Loan

Refer to the table below and follow the steps if you wish to obtain a Rs 3 lakh HSBC Bank personal loan:

Alternative Options To Avail a Rs 3 Lakh Personal Loan

If an individual wishes to explore other options to avail of a Rs 3 lakh personal loan, they can look at these alternatives:

HSBC Anytime Credit

• HSBC Bank offers instant pre-approved credit to account holders.
• Credit can be accessed up to five times the account holder’s salary.
• The maximum credit limit is Rs 50 lakh.

Salary Advance

• Employers often provide salary advances to their employees.
• Check eligibility for a Rs 3 lakh salary advance.
• It can be used as a personal loan for financial needs.

Pre-Approved Personal Loans

• Various banks offer pre-approved personal loans.
• Loans come at attractive interest rates.
• Check eligibility and avail instantly during financial emergencies.

Credit Cards

• Credit card companies offer cards with higher credit limits.
• Suitable for individuals with regular income and a good repayment history.
• Credit cards can be useful when managed with the applicable interest rate.