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HSBC Bank offers various types of loans, including business loans. You can choose from several business loan options to fund various business expenses, such as: 

  • Purchasing equipment 

  • Covering payroll expenses 

  • Clearing utility bills 

  • Purchasing raw materials 

  • Renting office space 

HSBC Bank Business Loan Interest Rate and Charges

Here are the interest rates and charges associated with the HSBC Bank business loan:

Rack Rate

From 9.20%, linked to the repo rate

Processing Fees

1% of the sanction limit

Prepayment Charges

  • For MSMEs: NIL

  • For non-MSMEs: 1% of the outstanding amount in the 1st year and NIL from 2nd year

Foreclosure Charges

  • For MSMEs: NIL

  • For non-MSMEs: 2% of the outstanding amount

Penal Interest

2%

Renewal Charges

NIL

Disclaimer: The interest rates listed above are subject to change as per the bank’s policies. 

Features and Benefits of the HSBC Bank Business Loan

Here are the benefits and features of an HSBC Bank business loan:

High Loan Amounts

HSBC Bank provides business loans of high amounts that can go up to ₹40 Crores to help address the financial needs of your business. 

Various Types of Loans

HSBC Bank offers various types of loans you can choose from, including Lease Rental Discounting (LRD), Loan against property (LAP), Secured Overdraft, and more.

Quick Online Process

You can apply for an HSBC Bank Business Loan online conveniently by meeting the minimal eligibility criteria and document requirements.

HSBC Bank Business Loan EMI Calculator

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HSBC Bank Business Loan Eligibility

Here are the eligibility criteria that a business needs to meet to get an HSBC Bank business loan:

  • An annual turnover of up to ₹200 Million

  • Business vintage of at least 3 years

  • Operations in a similar line of business for more than 3 years

HSBC Bank Business Loan Documents

Check out the documents that a business needs to submit to avail of an HSBC Bank business loan:

  • Filled Application Form: Background information, Email ID, business information, etc.

  • KYC Documents: Aadhaar card, voter's ID card, PAN card, passport, driving licence, utility bills

  • Business Registration Documents: GST registration certificate, registration certificate, and other certificates

  • Bank Statements: Latest bank account statements of the business for the last few months

  • Financial Statements: Audited financial statements of the last 2-3 years 

  • Income Tax Returns: ITR documents of the past few years

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Types of Business Loans Offered by HSBC Bank

Here are the various types of business loans that HSBC Bank offers:

  • Overdraft

This facility allows you to access funds quickly and helps improve your business' cash flow management. It also helps reduce the risk of unplanned overdrafts.

  • Loan Against Property (LAP)

You can also get loans by providing your existing properties as collateral. This allows you to leverage your property’s value to finance your business needs. 

  • Commercial Property Purchase Loans

You can also get funding to purchase a commercial property in India through HSBC Bank.  

How to Apply for an HSBC Bank Business Loan

Here are the steps you need to follow to apply for an HSBC Bank business loan:

  • Step 1: Go to the official HSBC Bank website and visit the business lending page

  • Step 2: Click on ‘Apply Now’ and click on ‘Continue’

  • Step 3: Slide the loan amount you need and click on ‘Start Your Application’

  • Step 4: Fill in the application form with details such as your name, phone number, email ID, etc.

  • Step 5: Verify your phone number with the OTP 

Once you complete the above steps, a bank representative will contact you regarding the next steps.

HSBC Bank Customer Care

You can contact the customer care team of HSBC Bank by calling at 1800 419 5400 or 1800 123 2979 if you are within India. If you are overseas, you can call +91-40-65118004 or +91-22-71728004.

DISCLAIMER

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. 

 The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs on the HSBC Bank Business Loan

What is the minimum business vintage requirement for an HSBC Bank business loan?

The minimum business vintage requirement to avail of an HSBC Bank business loan is 3 years.

What is the maximum business loan that I can get from HSBC Bank?

You can get an HSBC Bank business loan of up to ₹400 Million when you apply against a commercial or residential property.

What is the processing fee for an HSBC Bank business loan?

The processing fee for an HSBC Bank business loan is 1% of the sanctioned limit.

Can I apply for an HSBC Bank business loan online?

Yes, you can apply for an HSBC Bank business loan online through their official website.

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