HSBC Bank Kochi
Last Updated : June 1, 2018, 3:42 p.m.
About HSBC Bank
HSBC Bank is a prominent foreign bank conducting operations here in India since a long time. The bank has set up the main head office in Mumbai, Maharashtra. All the activities of the bank are properly regulated and evaluated under the Banking Regulation Act of 1949. Reserve Bank of India is the guardian of the bank in our country, looking carefully at its operations and activities. The bank is a subsidiary of the foreign HSBC Holdings Plc which is based out of England. We can actually say that HSBC Bank has a long history in the country. The reason being the takeover of Mercantile Bank in the year 1957 by The Hongkong and Shanghai Banking Corporation Limited. It should be noted that Mercantile Bank was formed in Mumbai in the October of 1853. It soon expanded further by the year 1855.
HSBC Bank has always been the first to bring in change and innovations. It made India aware about the new concept of ATMs in the period of late 1980s. Kochi is the commercial capital of Kerala and holds a lot of prominence. HSBC Bank has a branch located in the city which takes care of the needs of the people residing here.
Address of HSBC Bank Kochi branches
| Branch | Address | IFSC | MICR | Contact details |
|---|---|---|---|---|
| Kochi | HSBC, Pulikkal Estate, M G Road, Pallimukku, Kochi - 682016 Kerala | HSBC0682002 | 682039002 | 99464 45443 |
Products offered by HSBC Bank
HSBC Bank may not be carrying many fruits in its basket but the fruits are very sweet and juicy. Here the fruits actually refer to the financial loan products, that are not in huge variety but are very apt to meet any requirement of the customer. People in the colorful city of Kochi can visit the branch in Mahatma Gandhi Road for a business loan, home loan, loan against property and personal loan. Check out the below-given tables for relevant information about the products.
Basic details of HSBC Bank loans in Kochi
| Product | Eligibility | Loan amount | Interest rate | Processing fee | Tenure |
| Home loan | 1.Minimum age- 21 years 2.The maximum age at the time of loan maturity: Salaried- 58 years Government/Public Limited Employees- 60 years Self-employed - 65 years 3.Minimum Annual Income requirement: Salaried- ₹ 5 Lakhs Self-employed- ₹ 7.5 Lakhs | ₹ 3 Lakhs to ₹ 10 crore | 8.75% - 9.10% | 1% of the loan amount plus service taxes applicable | 25 years for salaried applicants 20 years for others |
| Personal loan | HSBC Customers in the cities of Kolkata, New Delhi, Mumbai, Pune, Chennai, Kochi, Bangalore, Hyderabad, Jaipur, Ahmedabad and Chandigarh can apply for a personal loan. 1.The applicant must be an existing HSBC bank customer. 2.Should be a resident Indian. 3.Minimum age- 21 years. 4.Maximum age during maturity of loan: Salaried- 58 years Self-employed- 65 years 5.Minimum net annual income: Corporate Employee Program- ₹ 4 Lakhs and above For others- ₹ 5 Lakhs and above | ₹ 15 Lakhs Selected customers can apply for a maximum of ₹ 30 Lakhs | 9.75% - 16.00% | 2.5% of the sanctioned loan amount | Up to five years |
| Fixed deposits | You need to be an existing HSBC bank customer to open a fixed deposit account | ₹ 10,000 and above | 2.25% - 4.50% | NIL | 7 days to 10 years |
| Loan against property | 1.Minimum age- 21 years 2.The maximum age at the time of loan maturity: Salaried- 58 years Government/Public Limited Employees- 60 years Self-employed - 65 years 3.Minimum Annual Income requirement: Salaried- ₹ 5 Lakhs Self-employed- ₹ 7.5 Lakhs | ₹ 3 Lakhs to ₹ 10 crore | 10.10% | 1% of the loan amount plus service taxes applicable | 15 years |
| Business loan | Applicants who can apply: Private Limited Companies Sole Proprietors Partnerships 1.Minimum age of guarantor- 21 years 2. Maximum age of the guarantor while the loan matures- 65 years 3. Profit after Tax should be positive | ₹ 10 Crore | As per the prevailing base rate i.e 9% |
Documents required
The documents needed for availing a loan from HSBC Bank Kochi have been mentioned below-
| Product | Documents |
|---|---|
| Home loan | Proof of Identity- Aadhar card/Driving License /Passport /PAN Card/ Voters ID card. Proof of Current Residential Address- Voter ID card/Passport/Electricity Bill/Telephone Bill/Driving license/Society outgoing bill/Lease agreement/Gas bill/Water bill/Property tax bill/Domicile certificate with address which is issued by Municipal Corporation Proof of Age- PAN card/Driving license/Passport/School leaving certificate Proof of Income: Salaried individuals- Latest salary slips of three months which shows statutory deductions Bank statement of the past three months which shows last three salary credits Self-employed Individuals- Income Tax returns of the previous two financial years Audited Balance Sheet and Profit & Loss account Bank statements of the past six months Partnership Deed in case of Partners of a partnership firm For directors of a private limited company- Memorandum and Articles of Association or Share holding Pattern and List of directors Consultant / Self-employed Professional Bank account statement of the past six months Audited Balance Sheet and Profit & Loss account Income Tax returns of the previous two financial years |
| Personal loan | Completely filled loan application form Photographs of passport size Proof of Identity- Aadhar card/Driving License /Passport /PAN Card/ Voters ID card. Proof of Age- PAN card/Driving license/Passport/Birth certificate/School leaving certificate Proof of Address- Voter ID card/Passport/Electricity Bill/Telephone Bill/Driving license/Society outgoing bill/Gas bill/Water bill/Property tax bill/Lease agreement/Domicile certificate with address which is issued by Municipal Corporation Proof of Income: Salaried individuals- Latest salary slips of three months which shows statutory deductions Bank statement of the past three months which shows last three salary credits Form 16 Self-employed Individuals- Income Tax returns of the previous two financial years Audited Balance Sheet and Profit & Loss account Bank statements of the past six months |
| Fixed deposit | Proof of Identity- Aadhar card/Driving License /Passport /PAN Card/ Voters ID card. Proof of Current Residential Address- Voter ID card/Passport/Electricity Bill/Telephone Bill/Driving license/Society outgoing bill/Lease agreement/Gas bill/Water bill/Property tax bill/Domicile certificate with address which is issued by Municipal Corporation Proof of Age- PAN card/Driving license/Passport/Birth certificate/School leaving certificate |
| Loan against property | Proof of Identity- Aadhar card/Driving License /Passport /PAN Card/ Voters ID card. Proof of Current Residential Address- Voter ID card/Passport/Electricity Bill/Telephone Bill/Driving license/Society outgoing bill/Lease agreement/Gas bill/Water bill/Property tax bill/Domicile certificate with address which is issued by Municipal Corporation Proof of Age- PAN card/Driving license/Passport/School leaving certificate Proof of Income: Salaried individuals- Latest salary slips of three months which shows statutory deductions Bank statement of the past three months which shows last three salary credits Self-employed Individuals- Income Tax returns of the previous two financial years Audited Balance Sheet and Profit & Loss account Bank statements of the past six months Partnership Deed in case of Partners of a partnership firm For directors of a private limited company- Memorandum and Articles of Association or Share holding Pattern and List of directors Consultant / Self-employed Professional Bank account statement of the past six months Audited Balance Sheet and Profit & Loss account Income Tax returns of the previous two financial years |
| Business loan | For Sole proprietors- Proof of Identity- Aadhar card/Driving License /Passport /PAN Card/ Voters ID card. Proof of Current Residential Address- Voter ID card/Passport/Electricity Bill/Telephone Bill/Driving license/Society outgoing bill/Lease agreement/Gas bill/Water bill/Property tax bill/Domicile certificate with address which is issued by Municipal Corporation PAN card or Form 60 or PAN allotment letter Proof of Income- Audited Balance Sheet and Profit & Loss account Income Tax returns of the previous two years (Copies are required) Bank statement of the previous six months 2. For Partnerships Firm Proof for Identity of Partnership- Any one of the following is needed Sales Tax/ Excise registration /Service tax Registration under Shops and Establishment Act PAN ID / IT return MAPIN card issued in the name of the concerned Proof of Identity of the individual- Aadhar card/Driving License /Passport /PAN Card/ Voters ID card. Proof of Address for each partner- Voter ID card/Passport/Electricity Bill/Telephone Bill/Driving license/Society outgoing bill/Lease agreement/Gas bill/Water bill/Property tax bill/Domicile certificate with address which is issued by Municipal Corporation PAN card or Form 60 or PAN allotment letter Proof of Income- Audited Balance Sheet and Profit & Loss account Income Tax returns of the previous two years (Copies are required) Bank statement of the previous six months 3. For Private Limited Companies Proof for Identity of Partnership- Any one of the following is needed Sales Tax/ Excise registration /Service tax Registration under Shops and Establishment Act PAN ID / IT return MAPIN card issued in the name of the concerned Memorandum and Articles of Association. Proof of Identity of at least two directors - Aadhar card/Driving License /Passport /PAN Card/ Voters ID card. List of directors PAN card or Form 60 or PAN allotment letter Form 32 copy, filed with ROC Proof of Income- Audited Balance Sheet and Profit & Loss account Income Tax returns of the previous two years (Copies are required) |
