HSBC BUSINES LOAN
HSBC Busines Loan (Business Loan)
        
At HSBC, they 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. Personal Loans from HSBC are now available in the cities of Delhi, Mumbai, Pune, Kolkata, Bangalore, Hyderabad and Chennai only. Terms & Conditions apply. Click here for more information.
Location: India
Lender/Broker: Lender
Advantages:
1. Business Credit is available up to Rs. 35 lakhs.
2. 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.
3. 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.
4. 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 This can be withdrawn in the next month after deduction of interest.
5. 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.
6. Speedy disbursal - Get the Business Credit into your current account within days of the submission of complete documents and security margin, if applicable.
7. 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.
Disadvantages:
1. You must contact the HSBC branch to find out APR.
Services:
No Margin required for Business Credit upto Rs. 15 Lakhs.

APR: Contact the nearest HSBC branch.Interest Type: Flexible Rate
Min Tenure: 1 MonthMax Tenure: 4 Years
Loan Amount: Rs. 201,000 to Rs. 3,500,000.Processing Fee: 2%
Min Annual Income: Up to Rs. 20 lakhs.
EMI Equated Monthly Instalment: From Rs. 1000

Secured Loan: YesUnsecured Loan: Yes

Terms and Conditions:
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.
Identification:
Passport and bank account details
Suitable:
If you need to secure a business loan
Restrictions:
The facility is for a one-year period & can be renewed annually at the sole discretion of HSBC.
        
REVIEWS
HSBC Busines Loan (Which Way To Pay India - 15/8/2013)
HSBC Busines Loan is ranked 2 out of 5. Based on 1 review.

2 Star Rating

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