Top of main content

Personal loans

Easy. Online. Instant loans at attractive interest rates.[@instant-loan]

Apply for a personal loan at HSBC with interest rate starting from 10.15%[@loans-special-interest-rate]

The loan that's designed for you

Turn life's major milestones into reality with affordable personal loans from HSBC, starting from 10.15%. From higher education to home renovations, wedding or family vacation to any other need or contingency, we've got you covered. You can also transfer an existing personal loan with another bank to us. 

What you get with an HSBC Personal Loan?

  • Borrow for 6 months to 5 years
    Personal loans with flexible tenure of up to 5 years. You can choose a tenure of 6, 12, 18, 24, 30, 36, 42, 48, 54 or 60 months.
  • Get a quick decision and access to your loan
    We'll process your application quickly so that you can get your loan as soon as possible – you can get an instant loan disbursal if you have an HSBC salary account.
  • Apply without collateral or a guarantor
    You don't need to secure your loan against any of your other assets or have a guarantor on your loan.
  • Get loans from INR 100,000 to INR 5,000,000
    No dream is too big. Get your large expenses managed through a personal loan, subject to your eligibility.

Personal Loan for Electric Vehicles (EV)

Fund a new car with an HSBC Personal Loan for Electric Vehicles.

  • No need to provide another asset as collateral for your loan
  • No documentation charges
  • No foreclosure charges for loans with tenors up to 2 years

For tenures over 2 years, the normal foreclosure grid will apply. SMS EVL to 575750 for application information to move to next line.

Interest rates, fees, and charges

Rates and charges for your HSBC Personal Loan
Description Details
Current interest rate ranges 10.15% pa to 16% pa
Processing fee (non-refundable) Up to 2% of the loan amount
Full or partial prepayment charge (after the minimum 6 month lock-in period)

5% within 12 months

 

4% within 24 months

 

3% within 36 months

 

2% after 36 months

Rates and charges for your HSBC Personal Loan
Description Current interest rate ranges
Details 10.15% pa to 16% pa
Description Processing fee (non-refundable)
Details Up to 2% of the loan amount
Description Full or partial prepayment charge (after the minimum 6 month lock-in period)
Details

5% within 12 months

 

4% within 24 months

 

3% within 36 months

 

2% after 36 months

You'll find more information and details about the lock-in period in your personal loan agreement.

Rates, fees, and charges for personal loans for an Electric Vehicle (EV)
Description Details
Interest rate ranges (for corporate employees with a salary account) From 9.75% pa
Processing fee 0.5% of the loan amount
Full or partial prepayment charges

0% within 24 months

 

3% within 36 months

 

2% after 36 months

 

Rates, fees, and charges for personal loans for an Electric Vehicle (EV)
Description Interest rate ranges (for corporate employees with a salary account)
Details From 9.75% pa
Description Processing fee
Details 0.5% of the loan amount
Description Full or partial prepayment charges
Details

0% within 24 months

 

3% within 36 months

 

2% after 36 months

 

Interest rates for Q2 2024
Description Details
Annual Percentage Rate (APR) for all Personal Loans 9.46% pa to 15.42% pa
Interest Range for Q2 2024 9.24% pa to 13.5% pa
Mean (average) interest rate in Q2 2024 10.20% pa
Interest rates for Q2 2024
Description Annual Percentage Rate (APR) for all Personal Loans
Details 9.46% pa to 15.42% pa
Description Interest Range for Q2 2024
Details 9.24% pa to 13.5% pa
Description Mean (average) interest rate in Q2 2024
Details 10.20% pa

What you need to know

Are you eligible?

  • Salaried applicants must be 21 to 60 years old; self-employed applicants must be 21 to 65 years old
  • Only residents and citizens of India may apply
  • Applicants must be employed or self employed
  • The applicant's correspondence address should be within India
  • Non-resident Indian (NRI) customers cannot apply
  • The loan application is valid in the cities of Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, New Delhi, Pune for existing and new HSBC customers and Bhubaneshwar, Lucknow, Nagpur, Surat, Visakhapatnam for Employee Banking Solutions customers of HSBC

In addition, the following factors may affect your eligibility for a personal loan: credit score, employment type, income, work or business experience and ability to repay the loan.

Ready to get started?

Already an HSBC customer?

Download the HSBC India Mobile Banking app to get started, or log on to online banking.

New to HSBC?

If you're a new HSBC customer, or a credit card customer, you can apply using our online form.

Frequently asked questions

You might also be interested in

 

Buy a place of your own or save with a balance transfer. 

 

Raise funds against your residential or commercial property. 

 

Raise funds against your residential or commercial property, save on interest and reduce your term. 

Important notes

    Disputes, if any, arising out of or in connection with or as a result of the above Offer or otherwise relating here to shall be subject to the exclusive jurisdiction of the competent courts/tribunals in Mumbai only.

    The usage of the HSBC India app is governed by the applicable terms and conditions. Please visit www.hsbc.co.in for the same.

    Personal Loans are available in Ahmedabad, Bengaluru, Chandigarh, Chennai, Cochin, Delhi, Hyderabad, Jaipur, Kolkata, Mumbai, Pune, Coimbatore and Vizag (only employees of HSBC Vizag). This list of cities is subject to change from time to time.

    Here's an easy way to share your thoughts, stay informed and join the conversation. Follow us: