HSBC Bank Mumbai
Last Updated : June 1, 2018, 3:43 p.m.
About HSBC Bank
There have been few instances where any international bank has created a name for itself in the Indian banking arena. HSBC Bank is a rare bank belonging to this category. The bank has been successfully holding operations in our country and it is being continuously monitored by Reserve Bank of India under the Banking Regulation Act of 1949. The bank has established its main head office in the entertainment capital of India, Mumbai. The parent company of the bank is HSBC Holdings Plc. The point to be noted is that, HSBC is one of the world’s top banking and financial organizations that has satisfied about 45 million customers belonging to different countries.
If one takes a look at the history of HSBC bank in India, one can say the bank has been there for a large period of time. The origin of the bank can be found as early as 1853, during the time Mercantile Bank of India was incorporated in Mumbai. Soon after Mercantile bank was able to expand the business to cities like Colombo, Hong Kong, Shanghai and London by 1855. HSBC took control of all the operations of Mercantile Bank in the year 1957. As a result of this, the history of the bank in India is quite old. Mumbai and HSBC Bank share a special connection with one another because the bank was established in the same city. HSBC Bank has opened up the most number of branches in Mumbai so that Mumbaikars don’t face any kind of financial problems.
Address of HSBC Bank Mumbai branches
Branch | Address | IFSC | MICR | Contact details |
---|---|---|---|---|
Main branch | 52/60, M.G. Road, Mumbai 400001 Maharashtra | HSBC0400002 | 400039002 | 9820214373 |
Andheri | HSBC, Plot No. 139 - 140 B, Western Express Highway, Sahar Road Junction, Vile Parle (East), Mumbai - 400057 Maharashtra | HSBC0400003 | 400039003 | 9920607799 |
Bandra | HSBC Centre, Dr Ambedkar Road, Bandra (West), Mumbai 400050, Maharashtra | HSBC0400004 | 400039004 | 9820188489 |
Borivali | Siddharth Arcade, L T Road - Factory Lane Junction, Borivali (West), Mumbai 400092 Maharashtra | HSBC0400005 | 400039005 | 9833397494 |
Chembur | Mercantile Apartments, Dr Choitram Gidwani Road, Chembur, Mumbai 400074 Maharashtra | HSBC0400006 | 400039006 | 9820282220 |
Peddar Road | Asha Mahal, 46 B, Dr G Deshmukh Marg, Mumbai 400026 Maharashtra | HSBC0400007 | 400039007 | 9819834210 |
Juhu | Eden Square, Plot No. 3/1, N.S. Road No. 10, JVPD Scheme, Juhu, Vile Parle (West), Mumbai - 400049 Maharashtra | HSBC0400008 | 400039008 | 9819926026 |
Lokhandwala | E - 2/3/4, Manish Garden, Ground Floor, J P Road, Andheri (W), Mumbai 400053 Maharashtra | HSBC0400010 | 400039010 | 9821910999 |
Powai | Prudential House, Ground Floor, Hiranandani Business Park, Powai, Mumbai 400076 Maharashtra | HSBC0400012 | 400039012 | 9820129197 |
Products offered by HSBC Bank
HSBC Bank may be offering comparatively fewer products than other banks, but the products hold a good value. People in the city of dreams, Mumbai can look forward to HSBC Bank to get finance for their housing, personal and business needs. As a matter of fact, you avail a home loan, business loan, loan against property and personal loan. Don’t miss to look the following two tables for a better idea about all the products available with the HSBC Bank.
Basic details of HSBC Bank loans in Mumbai
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 Mumbai 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) |