The loan that's designed for you
Turn life’s major milestones into reality with affordable personal loans from HSBC, starting from 9.99%. 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 yearsPersonal 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 loanWe'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 guarantorYou don't need to secure your loan against any of your other assets or have a guarantor on your loan.
- Make easy monthly repaymentsPay back your loan with Equated Monthly Installments (EMI), the Automated Clearing House (ACH), or a standing instruction from your HSBC bank account.
Personal Loan for Electric Vehicles (EV)
Fund a new car with an HSBC Personal Loan for Electric Vehicles.
- No hypothecation, which means you won't 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.
Interest rates, fees, and charges
| Description | Details |
|---|---|
| Current interest rate ranges | 9.99% per year to 15% per year |
| 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 |
| Description | Current interest rate ranges |
|---|---|
| Details | 9.99% per year to 15% per year |
| 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.
| Description | Details |
|---|---|
| Interest rate ranges (for corporate employees with a salary account) | From 9.75% per year |
| 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
|
| Description | Interest rate ranges (for corporate employees with a salary account) |
|---|---|
| Details | From 9.75% per year |
| 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
|
| Description | Details |
|---|---|
| Annual Percentage Rate (APR) for all Personal Loans (maximum tenor of 60 months) | 9.75% per year to 16.70% per year |
| Interest Range for Q4 2023 (depending on customer type) | 9.75% per year to 16% per year |
| Mean (average) interest rate in Q4 2023 | 12.88% per year |
| Description | Annual Percentage Rate (APR) for all Personal Loans (maximum tenor of 60 months) |
|---|---|
| Details | 9.75% per year to 16.70% per year |
| Description | Interest Range for Q4 2023 (depending on customer type) |
| Details | 9.75% per year to 16% per year |
| Description | Mean (average) interest rate in Q4 2023 |
| Details | 12.88% per year |
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, Kochi, Coimbatore, Hyderabad, Jaipur, Kolkata, Mumbai, New Delhi, Pune and Visakhapatnam (only employees of HSBC Visakhapatnam)
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
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