HSBC EDUCATIONAL LOAN
HSBC Educational Loan (Education Loan)
        
Education is the greatest asset anyone can have. Recognizing this, HSBC, in affiliation with Global Student Loan Corporation® (GSLC) has designed a student education loan program to provide funding for students who are seeking to attain a world-class education at a U.S college or university. HSBC India Student Education Loan Program can help ease students' financial concerns as they embark on one of the biggest decisions in their life – attending the college / university of their dreams. Read the terms and conditions carefully.
Location: India
Lender/Broker: Lender
Advantages:
1. The tuition fees component can go up to 100% of the total loan amount
2. The lodging & boarding component is a maximum of 40% of the total loan amount
3. The cost of books & equipment component is a maximum of 10% of the total loan amount
Disadvantages:
1. Interest rates are subject to change from time to time on the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India).
2. The loan shall be disbursed in Indian rupees, and all variations in the loan amount due to changes in the exchange rate shall have to be borne by the borrower. HSBC India shall not be liable for any loss to the borrower arising out of variation in exchange rates.
Services:
No pre-payment charge up to a maximum of 25% of the outstanding loan

APR: N/AInterest Type: Fixed Rate
Min Tenure: 5 YrsMax Tenure: 15 Yrs
Loan Amount: Up to Rs. 1 croreProcessing Fee: Rs. 5000
Min Annual Income: Up to Rs. 750,000
EMI Equated Monthly Instalment: N/A

Secured Loan: YesUnsecured Loan: No
Guarantor Required: Yes

Terms and Conditions:
Must have a co-applicant in India and can only be parents or spouse of student.
Identification:
One passport size photograph
Suitable:
Specifically designed to pursue studies in the USA
Restrictions:
You must be over the age of 18 years old to apply.
        
REVIEWS
HSBC Educational Loan (Which Way To Pay - 8/4/2011)
HSBC Educational Loan is ranked 2 out of 5. Based on 1 review.

2 Star Rating

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