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HSBC Educational Loan- Student Loan in India

HSBC Educational Loan Scheme

Features & Benefits

Loans upto Rs.1 crore* against Residential property 

Tenure of upto 15 years 

Attractive interest rates

Loan Components

The tuition fees component can go up to 100% of the total loan amount

The lodging & boarding component is a maximum of 40% of the total loan amount

The cost of books & equipment component is a maximum of 10% of the total loan amount

The estimate for boarding, lodging expenses and also the cost of books and equipment needs to be confirmed by the concerned school. 
Margin Money

HSBC India can fund a maximum of 85% of the total programme fees

Upfront contribution proof of the remaining 15% of school fees must be submitted to HSBC, India prior to the disbursal 


The loan is disbursed in Indian rupees (INR) from where the funds are forwarded to the concerned school in U.S. dollars

The applicant / co-applicant must repay the loan in Indian Rupees (INR)

**Fees & Charges**

Processing fees

1% of the loan amount applied for, subject to a minimum of Rs 5000 plus service tax. This fee is payable on application and is not refundable

Additional fees, as charged by GSLC apply. (If applicable)

A one-time administration fee of 1.75% of the principal amount plus service tax (at 10.30%, totally 1.93%) shall be collected by HSBC and payable to GSLC

An upfront non-refundable site usage fee of $75 is payable to GSLC via Credit Card or PayPal through the GSLC website

Pre-payment charges

No pre-payment charge up to a maximum of 25% of the outstanding loan, once every financial year (April-March)

A pre-payment charge of 4% shall be levied for the amount in excess of 25% of the outstanding loan amount

Loan prepayment can be done only after six months from the disbursal date


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 recognized college/university in India or abroad

Courses Eligible

The eligible courses for HSBC student loan are graduate courses in abroad or India.

Quantum of LoanAvail of loan amounts ranging from a minimum of Rs. 50,000 to a maximum of Rs. 25,00,000.

Expenses covered by the Loan
Our Educational Loan covers expenses for boarding and lodging.


Loans above Rs.500,000 are available against security of residential property/shares. 

Loans to value ratio to be less than or equal to 50% of the property valuation.

Rate of Interest


  • Repayment is done through Equated Monthly Installments (EMIs) scheme.
  • Repayment period is up to 4 years for unsecured loans and 7 years for secured loans (against security of a residential property / shares).
  • Repayment starts one year after course completion or 6 months after obtaining employment (whichever is earlier).

To qualify for an Education Loan, the following criteria apply     

All loans are subject to terms and conditions and are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India). Loans available for applicants and properties in and around the limits of cities where HSBC India has branches and is subject to change time to time.
Interest rates are subject to change from time to time on the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India).
The loan shall be disbursed in Indian rupees, and all variations in the loan amount due to changes in the exchange rate shall have to be borne by the borrower. HSBC India shall not be liable for any loss to the borrower arising out of variation in exchange rates.

Basic documents required:

Completed loan application form with one passport size  

An electronic confirmation of admission from school through GSLC 

Break up of tuition fees, living expenses, expenses on books etc as issued by the university 

Electronic confirmation through GSLC system of break up of tuition fees, living expenses, expenses on books, etc., as issued by the university 

Beneficiary declaration form, where both co-applicant and applicant would confirm that they are okay with the loan being disbursed in favour of the university 

Resident Indians - You will be required to present the following documents:

Proof of individual’s identity (any one of the following)


Photo PAN card

Defence identity card

Voter's identity card

Driving license

Photo ration card

Government identity card 

Proof of residence (any one of the following)


Ration card

Telephone (land/mobile) bill

Electricity bill

Driving license

Society outgoing bill

Voter's identity card

Life Insurance Policy

*Only Passport can be used as both Proof of individual's identity and Proof of residence. 

Proof of age (any one of the following)


Valid driving license

Voter's identity card

Birth certificate

School leaving certificate

LIC Policy or Premium receipt clearly indicating the applicant's age

Letter from the employer stating the age of the employee#

# Applicable only for employees of select Public Limited Companies. Conditions apply. 

Financial documents

Salaried individuals

Latest salary slip showing statutory deductions AND Form 16 (Declaration from the employer giving the details of income and deductions, duly signed by an authorised signatory of the Company) OR

Latest acknowledged IT returns AND Bank statements for the last 3 months

Self-employed individuals / Proprietor

Computation of income for the last 2 years certified by a C.A. OR

P&L and balance sheet for the last 2 years certified by a C.A. AND

Copies of acknowledged IT returns for the last 2 years AND

Bank statements for the last 6 months

Terms and conditions apply. The above stated documentation is subject to change at the sole discretion of HSBC, India.