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Loan Details

Interest Rate

11.90% onwards.

Processing Fee

From 1% of the sanctioned limit.

Prepayment

Charges

2% of the disbursed limit.

Tenure

From 12 months to 5 years.

  • Eligibility Factors
  • Documents Required
  • Loan Verification Process
  • Rate of Interest

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HSBC Business Loan
 
  • Age: For salaried min 18 and max 65 years; for self-employed min 21 and max
    65 years
  • Credit score: 750 or above.
  • Employment: Salaried or self-employed.
  • Income: salaried, depends upon banks’s option and for self-employed, depends
    upon lender.
  • Work experience: for salaried - 6 months and self-employed - 1 year business
    existence.

 


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All the applicants are required to submit the below-listed documents with HSBC Bank -


  • Filled up HSBC Bank business loan application form
  • Recent Photographs
  • ITR of previous 2 years
  • Proof of Identity Proof
  • Proof of Residency
  • Proof of Signature Authenticity

Income/ Business related documents


  • Business plan
  • Proof of Business establishment
  • Proof of business continuity (Bank Statement, ITR, Certificate of Incorporation, Sales Tax Challan etc.)
  • C.A. Certified Financial documents (Profit and Loss Statements, Balance Sheet, Periodic Stock, Creditor’s Statement etc.)

Identity Proof (for all borrowers)


  • Driving License
  • Aadhar Card
  • Valid Passport
  • PAN Card
  • Voter ID

Proof of Residential Address (for all borrowers)


  • Utility Bill
  • Receipt of Property Tax
  • Approved Building Plan
  • Valid Passport
  • Voter ID
  • Registered Rent Agreement

Birth Date Proof (for all borrowers)


  • Driving License
  • Valid Passport
  • Voter ID
  • Aadhar Card

Property documents (for all borrowers)


  • Registered Sale Deed
  • Lease Deed
  • Conveyance
  • Past Sale Deeds
  • Receipt of House Tax Return
  • Building Plan approved by Municipal Corporation



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The loan verification process involves:


  • Complete the application form and upload it on the official website. Submit copies of all the documents needed for the application verification. You can do it by signing up on Apnapaisa.com.
  • Our representative will get back to you within 1 day and schedule visits for collecting the document copies.
  • The officials will verify the documents. They may visit the property if necessary.
  • Lastly, your application is approved, then the loan amount will be credited to your account, and you will get a copy containing all the details of loan interest and others.



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HSBC Bank provides business loans at an interest rate of 11.90% onwards.