Use our lending facility up to INR 400 Million against your residential or commercial property. We also cater to products like Loan against property (LAP), Lease Rental Discounting (LRD), Secured Overdraft etc.
Key features:
- Can be taken in the form of an overdraft or term loan according to your needs
- Available against completed residential properties and/or term deposits held with HSBC
- Simple documentation
Eligibility Criteria
- Accounts with an annual turnover of up to INR 200 Million
- Businesses with minimum 3 years of vintage
- Operating in similar line of business for more than 3 years
All loans are subject to Terms and Conditions, credit policies and are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC). Credit polices & T&Cs are subject to change from time to time. Currently Loan is available to borrowers and for properties in and around the city limits of (sourcing cities) Mumbai, New Delhi (NCR), Bengaluru, Pune, Chandigarh, Jaipur, Ahmedabad, Chennai, Hyderabad and Kolkata; and are subject to change from time to time.
Rates and Tariff
| Schedule of Rates and Charges | Term Loan | Overdraft |
|---|---|---|
| Rack rate | 8.90% (Linked to Repo rates) |
8.90% (Linked to T-bill rates) |
| Fixed Deposit backed Overdraft rate | NA | #Fixed deposit rate + 2% |
| Processing fee (% of sanction limit)* | 1% | 1% |
| Facility Renewal Charges (% of existing limit)* | NA | 0.5% |
| Limit Enhancement (% of enhancement)* | NA | 1% |
| Prepayment charges for non MSME* (% of principal outstanding for year-1. Nil in second year onwards) |
1% | 1% |
| Foreclosure charges for non MSME (% of outstanding amount) |
2% | 2% |
| Prepayment / foreclosure charges for MSME | Not Applicable | Not Applicable |
| Non Utilization / Commitment fees (% of unutilized amount for less than 50% of the difference) |
NIL | 1% |
| Covenant Breach Charges (per Covenant Breach)* | INR 10000 | INR 10000 |
| Penal Interest (for Term Loan and Overdraft) | Penal Interest has been discontinued effective 1st January 2024. The Bank however, reserves the right to review its exiting fees and charges and introduce suitable Penal Charges for non-compliance to key terms and conditions in the Facility acceptance Letter and Loan agreement, after giving prior notice to borrowers. | Penal Interest has been discontinued effective 1st January 2024. The Bank however, reserves the right to review its exiting fees and charges and introduce suitable Penal Charges for non-compliance to key terms and conditions in the Facility acceptance Letter and Loan agreement, after giving prior notice to borrowers. |
| Schedule of Rates and Charges | Rack rate |
|---|---|
| Term Loan |
8.90% (Linked to Repo rates) |
| Overdraft |
8.90% (Linked to T-bill rates) |
| Schedule of Rates and Charges | Fixed Deposit backed Overdraft rate |
| Term Loan | NA |
| Overdraft | #Fixed deposit rate + 2% |
| Schedule of Rates and Charges | Processing fee (% of sanction limit)* |
| Term Loan | 1% |
| Overdraft | 1% |
| Schedule of Rates and Charges | Facility Renewal Charges (% of existing limit)* |
| Term Loan | NA |
| Overdraft | 0.5% |
| Schedule of Rates and Charges | Limit Enhancement (% of enhancement)* |
| Term Loan | NA |
| Overdraft | 1% |
| Schedule of Rates and Charges |
Prepayment charges for non MSME* (% of principal outstanding for year-1. Nil in second year onwards) |
| Term Loan | 1% |
| Overdraft | 1% |
| Schedule of Rates and Charges |
Foreclosure charges for non MSME (% of outstanding amount) |
| Term Loan | 2% |
| Overdraft | 2% |
| Schedule of Rates and Charges | Prepayment / foreclosure charges for MSME |
| Term Loan | Not Applicable |
| Overdraft | Not Applicable |
| Schedule of Rates and Charges |
Non Utilization / Commitment fees (% of unutilized amount for less than 50% of the difference) |
| Term Loan | NIL |
| Overdraft | 1% |
| Schedule of Rates and Charges | Covenant Breach Charges (per Covenant Breach)* |
| Term Loan | INR 10000 |
| Overdraft | INR 10000 |
| Schedule of Rates and Charges | Penal Interest (for Term Loan and Overdraft) |
| Term Loan | Penal Interest has been discontinued effective 1st January 2024. The Bank however, reserves the right to review its exiting fees and charges and introduce suitable Penal Charges for non-compliance to key terms and conditions in the Facility acceptance Letter and Loan agreement, after giving prior notice to borrowers. |
| Overdraft | Penal Interest has been discontinued effective 1st January 2024. The Bank however, reserves the right to review its exiting fees and charges and introduce suitable Penal Charges for non-compliance to key terms and conditions in the Facility acceptance Letter and Loan agreement, after giving prior notice to borrowers. |
* Applicable taxes extra.
# Prevailing FD rates