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Business Loan |
Business Credit
At HSBC, we understand that expanding and growing your business to the heights of success is a dream of every entrepreneur like you. At times, you would require finance on an urgent basis to fuel this growth for your enterprise. Presenting, 'Business Credit', a unique lending facility for Small and Medium Businesses with minimal security to be provided.
Features & Benefits
Get an amount suited to your needs Get an amount suited to your needs
Business Credit is available up to Rs. 35 lakhs.
Provide minimal security
No security required for Business Credit up to Rs. 15 lakhs. For Business Credit above Rs. 15 lakh and up to Rs. 35 lakhs, provide only 25% margin in the form of an HSBC Fixed Deposit under lien with us.
Pay interest only on the amount utilized
Business Credit works like an overdraft and is available like a limit on your current account. Interest is charged only on the actual amount utilized.
Easy repayment
The minimum amount due every month is 5% of the outstanding balance. This can be withdrawn in the next month after deduction of interest.
Simple documentation
Unlike cash credit facilities where you need to submit documents every month, only a one-time submission of the documents is required under Business Credit.
Speedy disbursal
Get the Business Credit into your current account within days of the submission of complete documents and security margin, if applicable.
Enjoy the special treatment from HSBC
If you are an HSBC customer for 6 months or more, you are entitled to a special relationship discount on the processing fee.
Business Credit facilities available for concerns located in and around the limits of select cities where HSBC has branches and the same is subject to change from time to time. Business Credit facilities are subject to terms and conditions and are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited (HSBC), India.
Business Credit is currently available only in the following locations; Mumbai, Pune, Kolkata, Hyderabad, Bangalore, Chennai and New Delhi.
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