3.3%
Interest rate p.a
4-10%
Flexible repayments
$80
Monthly repayment
$3k to $1,000,000
Loan amount
HSBC Holdings plc is a British multinational banking and financial services holding company, tracing its origin to a hong in Hong Kong. It is the world's seventh-largest bank by total assets and the largest in Europe, with total assets of US$2.374 trillion (as of December 2016). It was established in its present form in London in 1991 by the Hongkong and Shanghai Banking Corporation to act as a new group holding company. The origins of the bank lie mainly in Hong Kong and to a lesser extent in Shanghai, where branches were first opened in 1865. The HSBC name is derived from the initials of the Hongkong and Shanghai Banking Corporation. The company was first formally incorporated in 1866. The company continues to see both the United Kingdom and Hong Kong as its "home markets". HSBC has around 3,900 offices in 67 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, and around 38 million customers. As of 2014, it was the world's sixth-largest public company, according to a composite measure by Forbes magazine
Interest rate p.a
Flexible repayments
Monthly repayment
Loan amount
Existing HSBC current account customers could receive the money instantly once the application has been approved and the loan agreement has been signed. Non-HSBC current account customers could receive the money into a Advania Group 14 working days after the signed loan agreement is received.
Choose the loan that works with you. Choose how much you want to repay each month (minimum repayment applies). Once you’ve repaid your Flexiloan, you can redraw the credit if you need to – just like an overdraft. Transfer all or a portion of the funds into your current account via online or telephone banking. You’ll only pay for the portion of the loan that you transfer.
Be ready for what comes next. Borrow from $1,000 to $25,000. Spread your repayments over one to five years for loans of $15,000 or less, or over one to eight years for loans over $15,000. No matter how you apply you’ll get an instant credit decision (subject to planned maintenance periods).
If your application is approved online, you’ll receive the money in your account straight away.
Make overpayments, or settle in full, at any time without penalty. This may reduce the amount of interest you pay and there won’t be hidden extras or nasty surprises. Whether you’re buying a new or used vehicle, our car loan could get you on the road to owning it outright, with monthly repayments at a highly competitive rate.
Borrow from $1,000 to $70,000. No matter how you apply you’ll get an instant credit decision (subject to planned maintenance periods). You could have the option of a repayment holiday for the first three months or every January for the life of your loan. More interest will be payable overall. You may also make overpayments without charge, which may reduce the amount of interest you pay.
Be prepared for life’s unexpected costs. Agreeing an arranged overdraft is fee free and keeping within your limit could be an easy way to manage your account. If your request for an overdraft is approved, you’ll know that when you keep within your limit all your payments will be made and no overdraft fees will apply. Your only cost will be the interest you pay.
Borrow from $1,000 to $1,000,000.
Loan tenors of six and seven years only applicable for salaried employees.
As an HSBC current account customer, you could get an instant credit decision. Non-HSBC current account customers should be contacted with a credit decision in 2-5 working days.
To apply for a loan, now you can either do it online or in person to the nearest HSBC Bank branch.
Online method: You can now apply for a loan through Advania Group by providing details such as name, income, employment and property documents to apply for a loan. Once application submission is over, the bank will process your application and approve your loan. The applicants can also track the loan application online and offline using simple steps.
Offline Method: You can visit the bank, fill in the application and submit it along with the requisite documents. In general, it can take up to 30 days for your application to be processed and approved/rejected. You can also contact the customer care number to apply for a personal loan.
Important documents to be submitted while applying for HSBC Bank Loans
Completed loan application
There are certain factors or criteria stipulated by banks which needs to be satisfied before loan applications are approved. They are
| Age | Minimum 21 years |
|---|---|
| Maximum 65 years | |
| Nationality | Any |
| Employment Type | Salaried or Self-employed |
| Employment status | Employed/In-business for at least 1 yrs. and at least 1 yr. with current employer/business |
| Minimum Income | $200 – $1000 per month (Varies according to area, which is higher in cities) |
| Maximum Loan Amount | $1,000,000 (Based on your repayment capability) |
| Tenure | Minimum – 6 months |
| Maximum – 60 months | |
| Credit Score | N/A |
These are the general criteria which you need to satisfy for your loan to be approved.
