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Loan Against Property |
Reaching your goal is not an easy task. More so in business. Hidden behind every opportunity are challenges that have to be overcome so that your business can grow and move to the next level.
HSBC Loan Against Property lets your property take care of your business needs.
Features & Benefits
Loans upto Rs. 1.5 crore Loans upto Rs. 1.5 crore*
Tenor of upto 15 years Tenor of upto 15 years
Simple documentation Simple documentation
Attractive interest rates Attractive interest rates
Loan transfer Loan transfer
You can also transfer your existing loan against residential property from another bank to HSBC.
Exclusive banking privileges
Along with your Loan Against Property account, get access to an HSBC PowerVantage account, with the following benefits:
Personal Financial Review (PFR) services
Unlimited free tansactions at over 15,000 HSBC and non-HSBC VISA ATMs in India, with your PowerVantage debit card
Dedicated service desks at branches
Higher cash withdrawal limit of up to Rs. 50,000 and funds transfer upto Rs. 100,000
A free HSBC Gold credit card (free for the first year)
Fees & Charges
Processing fees
A processing fee of 0.50% will be applicable.
Pre-payment charges
There will be no pre-payment charges upto a maximum of 25% of your outstanding loan, once, every financial year.
A pre-payment charge of 4% shall be levied for amount in excess of 25%.
Know more
Eligibility and Documents Required
Service Charges
Note:
Maximum loan amount of Rs. 15,000,000 in Mumbai, New Delhi (NCR), Bangalore, Pune, Chennai, Kolkata and Hyderabad ; Rs.10,000,000 in Chandigarh and Jaipur ; Rs.5,000,000 in Ahmedabad, Indore, Nagpur and Vadodara..
The interest rate on your Loan Against Property is linked to HSBC's Retail Lending Rate (RLR) and any revision in the RLR would impact your interest rate. The RLR is currently 13.75%.
Currently Loan Against Property is available in Bangalore, Chennai, Mumbai, New Delhi (NCR), Chandigarh, Hyderabad, Pune , Kolkata, Ahmedabad, Nagpur, Jaipur, Indore and Vadodara only and is subject to change from time to time. Terms and Conditions apply.
Terms and conditions apply. All loans at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India
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.
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