HSBC Educational Loan- Student Loan in India

 

HSBC Educational Loan Scheme

Features & Benefits

Loan availability

Our Educational Loans are available for studies in India or abroad. Avail of loan amounts ranging from a minimum of Rs. 50,000 to a maximum of Rs. 25,00,000*.

Smooth repayment
Our Equated Monthly Installments (EMIs) scheme allows for easy repayment and saves you from hassles.

Flexibility
Our loans are tailor-made to your needs. Opt for tenures up to 4 years for unsecured loans and 7 years for secured loans (against security of a residential property / shares).

Comprehensive coverage
Our Educational Loan also covers expenses for boarding and lodging.

HSBC banking benefits
Take advantage of HSBC's banking benefits; let us help you open a savings account or avail of a debit card.

 Low interest rates
We offer you competitive interest rates on our Educational Loans. We also give you the option of choosing between a fixed or floating rate of interest (the floating rate option is available only in case of secured loans).

 Special relationship discounts
You are also eligible for special discounts exclusively designed for HSBC customers (of 6 months or more).

Eligibility

• Applicant should be a resident Indian
• Minimum net annual income of Rs. 150,000 for secured loan and Rs. 75,000 for unsecured loan
• Student must have secured admission to a recognised college/university in India or abroad*

Processing Charges
2% of loan amount upon disbursal

Duplicate Statements Rs 250 per statement
Charge for unsuccessful execution of Standing Instruction for payment/Cheque bounce charge Rs 250
Pre-payment charge

1. 4% of the prepaid amount
2. Pre-payment is allowed only after 6 months from the date of loan disbursal

Note
The above is an extract of our tariff.

 

Also See

Public Sector Banks to offer Insurance linked Education Loans

 

• Student Loans For Studies in India
  
  
• Student Loans for Studies Abroad
  
  
• Eligibility for getting A Student Loan
  
  
• Student Loan Documentation