HSBC understand that expanding and growing your business to the heights of success is a dream of every entrepreneur like you. Obtaining an office premise of the right size and at the right location at most times is integral to the success of your business. HSBC’s Loan for Business Property enables you to make the best choice for further expansion of your business
Features & Benefits Of HSBC Loan for Business Property
- Purchase a business property to suit your requirements: Loan amounts range from Rs. 500,000 to Rs. 10,000,000.
- Choose a loan tenure convenient to you: Loan can be taken for up to 10 years.
- Option to choose the interest type you want: Fixed or floating interest rates, with the flexibility to change once every year without any penalty charges.
- Prepay the loan at your convenience: Flexibility to prepay up to 25% of your loan every year, after the first 6 months without any pre-payment charges.
- Enjoy the special treatment from HSBC: If you are a HSBC customer for 6 months or more, you are entitled to a special relationship discount on the processing fee.
Eligibility
Loans offered to the following type of concerns
- Sole Proprietorships
- Partnerships
- Private Limited Companies
- Unlisted Public Limited Companies.
Income requirements
- Net Income of the concern should be greater than Rs. 200,000 p.a.
- A maximum of two incomes of the partners/directors holding a minimum of 25% stake each can be clubbed to the income of the concern.
Turnover requirement
- Minimum turnover of the concern must be Rs. 1,000,000 p.a.
Age of the guarantor (wherever personal guarantee is applicable)
- Minimum age of the guarantor to be 21 years
- Maximum age of the guarantor to be 65 years at the time of the loan maturity
Note: Loans are available for applicants residing in and around and properties in and around the limits of the cities where HSBC has branches and the same is subject to change from time to time. All loans are subject to terms and conditions and are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited (HSBC), India.
Loan for Business Property is currently available only in the following locations; Mumbai, Pune, Kolkata, Hyderabad, Bangalore, Chennai, New Delhi, Jaipur and Chandigarh.
