HSBC Bank Medical Loan

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Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

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Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Medical emergencies can be a great burden in unforeseen situations. The HSBC Bank Medical loan is a tailored financial product that provides a reliable and affordable solution to cover the costs of medical procedures and treatments. With flexible repayment options and competitive interest rates, this loan can help you and your loved ones get the medical care you need without any financial burden.

Features and Benefits of HSBC Bank Medical Loan

Here are some of the features and benefits of the HSBC Bank Medical Loan.

Competitive interest rates starting at 9.99%.
Loan amount available up to ₹3 lakh.
Flexible tenure of up to 5 years.
No collateral/guarantor needed.
Debt consolidation is available.

What are the interest rates for medical loans?

Category

Interest Rate

Salaried and non-salaried applicants

9.99% to

16.00% p.a

Why Choose HSBC Bank for Medical Loan?

Here are some reasons why you should consider HSBC Bank for a Medical Treatment Loan in India.

No hidden charges.
Competitive interest rates.
Easy online application.
Minimal processing fee.
Flexible tenure of up to 5 years.

HSBC Bank Personal Loan for Medical Interest Rates & Charges

Here are some details associated with the loan, such as the HSBC Bank Medical loan interest rate and service charges.

Category

Interest Rate

Salaried and non-salaried applicants

9.99% to

16.00% p.a

Category	Fees and Charges
Processing Charges	Up to 2% of loan amount
Foreclosure Charges	5% within 1 year of tenure 4% within 2 years 3% within 3 years 2 % after 3 years

Tips for Getting an HSBC Bank Medical Loan

Here are some tips for getting an HSBC Bank instant personal Medical Loan.

Maintain a high credit score of about 700.
Submit accurate documents.
Use an HSBC Bank medical loan emi calculator to determine an affordable EMI plan.

Who is Eligible for an HSBC Bank Medical Loan

All salaried and self-employed professionals under the age of 65 are included in the HSBC Bank Medical Eligibility criteria for an HSBC Bank Medical Loan.

Documents Required for HSBC Bank Medical Loan Application

Here is a list of HSBC Bank Medical loan document requirements.

Proof of address and identification.
Latest 3 months salary slip and form no 16.
Recent 6 months’ bank statement.
ITR of 2 years.

What are the things to consider while taking a Medical Loan?

Here are some things to consider when applying for an HSBC Bank personal loan for a Medical.

Estimated expenses.
Repayment capacity.
Availability of collateral (if needed).
Availability of co-guarantor (if needed).

How to Apply for a Medical Loan

Anyone can apply for the HSBC Bank Medical Loan online through phone banking and net banking.

Frequently Asked Question (FAQs)

How much can I borrow with a personal loan for a Medical Emergency?

Applicants can borrow up to ₹3 lakh for Medical expenses. Selected customers with pre-approved offers may be eligible to apply for higher amounts.

How long does it take to get an HSBC Bank personal loan for a Medical Emergency?

HSBC takes about 5-7 working days to approve a loan for Medical expenses.

Do I need a bank account to get a personal loan for a Medical Emergency?

Yes, it is necessary to have an HSBC savings account to get an HSBC personal loan for Medical expenses.

What is the credit score requirement for an HSBC Bank personal loan for a Medical Emergency?

The minimum credit score requirement for an HSBC Bank personal loan for a Medical is 700.

What are the penalties for late payments on an HSBC Bank personal loan for a Medical Emergency?

HSBC Bank may levy a minor late payment penalty in case of failure of EMI repayment.