HSBC Bank Business Loan

Through day-to-day functions, a business can run out of cash to fund its working capital requirements. In such situations, a business loan can be a sought-after option. Such a financing option can aid in maintaining the cash flow within a business, driving its growth in the long run.

If you are a business owner looking to meet your business’ extra cash requirements, you can consider opting for an HSBC Bank business loan. Being a leading multinational bank in the country, HSBC Bank extends a wide range of business loan offers for individuals at attractive interest rates and affordable terms and conditions. Read on to find more details about business loans offered by HSBC Bank.

HSBC Bank offers business loans at an attractive interest rate. Additionally, the bank lays in transparent terms and conditions, leaving no room for any hidden charges.

Here is a tabular representation of HSBC Bank business loan rates:

Note that the interest rate mentioned above is indicative and might change depending on your loan requirements, business type and certain other factors at the bank’s discretion.

To make informed borrowing decisions, prospective borrowers should utilise an online business loan EMI calculator beforehand. This online tool is easy to use and displays instant EMI results. This will help you assess your EMI obligations, helping you plan your repayments in a disciplined way.

Furthermore, the calculator also displays the EMI schedule in accordance with your HSBC Bank business loan. Viewing this amortisation schedule, you will be able to make judicious decisions pertaining to loan prepayments, foreclosures and balance transfers.

HSBC Bank offers business loans with easy eligibility criteria. Find HSBC Bank business loan eligibility below:

• Age of the applicant must be at least 21 years at the time of application at 65 years at the time of loan maturity.

• The business must have a vintage of at least 3 years.

• The annual turnover of your business must be more than Rs. 20 Crores.

• Your business must have been operating in similar lines for more than 3 years.

Note that meeting these eligibility parameters will ensure that your loan application is approved quickly. Moreover, by meeting these parameters and maintaining a high credit score, you can also negotiate better and affordable terms with the lender. 

HSBC Bank business loan comes with various features and benefits. Find about them below:

• High loan amount

HSBC Bank offers a substantial loan amount of up to Rs. 40 Crores for businesses in need of capital. Consider meeting the eligibility parameters to maximise your loan amount.

• Wide range of offerings

The bank offers various types of business loans to meet the requirements of different businesses. Its offerings include an overdraft facility, loan against property, Lease Rental Discounting and more.

• Simple documentation

One of the primary benefits of obtaining a business loan from HSBC Bank is that you do not have to go through lengthy documentation. Simply submit a few essential business-relation documents on time for a quick approval.

• Flexible tenure

With a flexible tenure of up to 48 months, you can ensure to repay your loan without facing many difficulties. Consider using an EMI calculator for easy repayment planning.

To help a business meet an array of financial requirements, HSBC Bank has curated a range of credit offerings. Find about them below:

1. Overdraft

You can minimise the risk of unplanned overdrafts and improve your overall business cash flow through the overdraft facility offered by HSBC Bank.

2. Loan against property 

You can also obtain a LAP by keeping your property as collateral. This way, you will be able to obtain a substantial loan corpus, which will help you fund your business’ expansion requirements with ease.

3. Commercial property purchase loan

If you are planning to purchase a commercial property in India, you can contact HSBC Bank and obtain a commercial property loan at attractive interest rates.

4. Working capital solutions

The bank also offers working capital solutions for businesses through the lines of import and export finance, trade solutions, guarantees and forfaiting. Conduct your business with confidence with these credit options at your disposal.

The application process for an HSBC business loan is simple and convenient. You simply need to follow these steps;

• Step 1: Visit the official HSBC Bank website and navigate to the business lending page.

• Step 2: Click on “Apply Now”

• Step 3: Enter the loan amount you wish to borrow.

• Step 4: Fill in the application form with needed details.

• Step 5: Complete OTP verification.

Following this, a bank representative will get in touch with you regarding further steps. Consider keeping all necessary documents handy beforehand for a smooth application process.

Before making a decision, it is crucial you compare the loan features offered by leading Indian lenders. This table will help you compare HSBCbank business loan with other lenders on the Bajaj Markets platform:

You can, thus, resort to Bajaj Markets to draw a detailed comparison between different business loan lenders in the country. This is a diversified marketplace housing various business loan offers extended by leading institutions. 

While obtaining an HSBC Bank business loan, you need to know that the interest you pay is dependent on various factors. They include:

• Your creditworthiness

The creditworthiness of a company is one of the primary factors that influence the interest rate on a business loan. The bank or financial institution primarily looks at your CIBIL score to decide whether you will be able to repay the loan within the given tenure or not. Thus, the higher the credit score, the lower interest you will have to pay.

• Financials of your company

A company with strong financials will be able to receive a business loan at a lower interest rate than a company with poor financials. This is because a strong financial report ensures the lender that you will repay the loan within the tenure.

• Loan tenure

The loan tenure is directly proportional to the interest you pay. In this regard, the more the tenure, the more interest you will have to pay in the long run. 

You can contact the bank on 1800 103 2666 or 1800 103 2667 for queries.