HSBC Salaried Employee Personal Loan

A salaried employee who needs immediate funds to meet personal needs can apply for the HSBC Bank salaried employee personal loan scheme. With interest rates as low as 9.99% per annum, HSBC Bank personal loans for salaried employees can be repaid over a 5-year tenure, allowing EMIs not to exceed the budget. Are you eyeing a new car or need funds for an emergency? With easy documentation and quick disbursal of funds, HSBC Bank personal loans for salaried employees can be availed online without any need for collateral or a guarantee.

HSBC Bank Personal Loan For Salaried Employee – Highlights

Take a look at the table below to understand the key highlights of the HSBC Bank personal loan for salaried employees:

Eligibility Criteria For Salaried Employee Personal Loan

The following are the eligibility criteria for salaried employees to be met before applying for an HSBC Bank personal loan for salaried employees:

Age Requirements:

• • Salaried applicants must be between 21 and 60 years old.
  • Self-employed individuals must be between 21 and 65 years old. 
• Residency: Available only to Indian residents and citizens.
• Address: Applicants must have a correspondence address within India.
• HSBC Account: An active HSBC current or savings account must be open for over three months.
• NRI Eligibility: Non-resident Indians (NRIs) are not eligible.

Documents Required for HSBC Bank Personal Loan

Have the documents ready to apply for an HSBC Bank personal loan for salaried employees. Acceptable documents include an Aadhar Card, PAN Card, Driving License, or Voter ID Card for identity proof. You can give documents such as a Telephone, Electricity, Aadhar Card, or Property Tax Bill for address proof. Additionally, you must carry financial documents, including your latest salary slip, bank statements from the last three months, and IT Returns for the past two years.

HSBC Bank Personal Loan For Salaried Employees – Fees & Charges

Let’s examine the fees and charges associated with an HSBC Bank personal loan for salaried employees. The processing fee is up to 2.00% of the loan amount. Pre-payment charges vary based on the loan tenure: 1% for a tenure of up to 12 months, 2% for up to 24 months, 3% for up to 36 months, and 2% for tenures beyond 36 months.

How To Apply For HSBC Bank Personal Loan

Salaried employees can avail of an HSBC Bank personal loan on Urban Money’s website:

• Visit the Urban Money website.
• Go to the “Loan” section and select “Personal Loan.”
• You will be redirected to a page listing top lenders in India.
• Locate the HSBC Bank section and click the “Apply Now” button.
• Fill out the short online application form with your name, mobile number, and city.
• Submit the form and receive a six-digit OTP on your mobile device.
• Enter the OTP in the designated field for verification.
• Once verified, a loan specialist from Urban Money will contact you to proceed further.

Alternative Options for HSBC Bank Personal Loan

A salaried individual who wishes to avail of a personal loan from HSBC Bank can go through other alternative methods to raise funds:

• Loan Against Property: This loan scheme allows individuals to raise funds against their residential property. 

Smart Loan Against Property: HSBC offers a Smart Loan Against Property (Smart LAP) that allows funds to be raised against your residential or commercial property.