HSBC Bank Mumbai

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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

BranchAddressIFSCMICRContact details
Main branch52/60, M.G. Road, Mumbai 400001 MaharashtraHSBC04000024000390029820214373
AndheriHSBC, Plot No. 139 - 140 B, Western Express Highway, Sahar Road Junction, Vile Parle (East), Mumbai - 400057 MaharashtraHSBC04000034000390039920607799
Bandra HSBC Centre, Dr Ambedkar Road, Bandra (West), Mumbai 400050, MaharashtraHSBC04000044000390049820188489
Borivali Siddharth Arcade, L T Road - Factory Lane Junction, Borivali (West), Mumbai 400092 MaharashtraHSBC04000054000390059833397494
ChemburMercantile Apartments, Dr Choitram Gidwani Road, Chembur, Mumbai 400074 MaharashtraHSBC04000064000390069820282220
Peddar RoadAsha Mahal, 46 B, Dr G Deshmukh Marg, Mumbai 400026 MaharashtraHSBC04000074000390079819834210
JuhuEden Square, Plot No. 3/1, N.S. Road No. 10, JVPD Scheme, Juhu, Vile Parle (West), Mumbai - 400049 MaharashtraHSBC04000084000390089819926026
LokhandwalaE - 2/3/4, Manish Garden, Ground Floor, J P Road, Andheri (W), Mumbai 400053 MaharashtraHSBC04000104000390109821910999
PowaiPrudential House, Ground Floor, Hiranandani Business Park, Powai, Mumbai 400076 MaharashtraHSBC04000124000390129820129197

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

ProductEligibilityLoan amountInterest rateProcessing feeTenure
Home loan1.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

8.50% - 9.00%

1% of the loan amount plus service taxes applicable25 years for salaried applicants

20 years for others
Personal loanHSBC 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
10.99% - 17.50% 2.5% of the sanctioned loan amount Up to five years
Fixed depositsYou need to be an existing HSBC bank customer to open a fixed deposit account₹ 10,000 and above3.00% - 7.50%NIL7 days to 10 years
Loan against property1.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 crore10.10%1% of the loan amount plus service taxes applicable15 years
Business loanApplicants 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 CroreAs 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-

ProductDocuments
Home loanProof 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 loanCompletely 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 depositProof 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 propertyProof 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 loanFor 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)

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