|
 |
Educational Loan |
You´ve selected his college, checked his course guidelines and made him promise to eat carefully. Now all you need is financial aid to make his dreams come true.
Features & Benefits
Get financial flexibility with HSBC Educational Loan
Loan availability
Our Educational Loans are available for studies in India or abroad. Avail of loan amounts ranging from a minimum of Rs. 50,000 to a maximum of Rs. 25,00,000*.
Smooth repayment
Our Equated Monthly Installments (EMIs) scheme allows for easy repayment and saves you from hassles.
Flexibility
Our loans are tailor-made to your needs. Opt for tenures up to 4 years for unsecured loans and 7 years for secured loans (against security of a residential property / shares).
Comprehensive coverage
Our Educational Loan also covers expenses for boarding and lodging.
HSBC banking benefits
Take advantage of HSBC´s banking benefits; let us help you open a savings account or avail of a debit card.
Low interest rates
We offer you competitive interest rates on our Educational Loans. We also give you the option of choosing between a fixed or floating rate of interest (the floating rate option is available only in case of secured loans).
Special relationship discounts
You are also eligible for special discounts exclusively designed for HSBC customers (of 6 months or more).
Know more
Eligibility
* Loans above Rs.500,000 are available against security of residential property/shares. Loans to value ratio to be less than or equal to 50% of the property valuation.Loans available for study at select institutes, based on their accreditation.
Terms and conditions apply. All loans at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India. Loans available for applicants and properties in and around the limits of cities where HSBC has branches and is subject to change from time to time.
Vide Finance Act, 2007, w.e.f. 11 May 2007, a service tax of 12% + 2% education cess + 1% secondary and higher secondary education cess thereon will be applicable on our fees and charges. For details, please click here.
|
|
|
