Personal Loan Interest Rates 20201255 views
- Sponsor your trip with a personal loan from HSBC Bank.
- HSBC Bank is now offering highest loan amount on personal loans.
A personal loan from HSBC Bank can prove to be your best companion to fund your plans. If you are planning to go on a trip this summer, you can apply for a personal loan at HSBC Bank. The maximum loan amount you can get on the loan is one of the highest you can get. The loan amount ranges from ₹75,000 to ₹30 lakh which is not only enough for a small trip, but you can even plan a big international holiday with your family. So, read the details of the loan to apply for it. You can also compare different rates to get an idea on the payments you will have to make.
Interest Rate Comparison Tool All that glitters is not gold; the same goes for loans! Have you done your research? Compare Banks. Estimate EMIs. Enable Wishes on wishfin.com
Interest Rate Comparison Tool
All that glitters is not gold; the same goes for loans! Have you done your research?
Compare Banks. Estimate EMIs. Enable Wishes on wishfin.com
Table of Contents
HSBC Bank Personal Loan Interest Rates January 2020
|Interest Rates||10.50% - 17.84%|
|Loan Amount||₹75,000-₹30 lakh|
|Repayment||12 months-60 months|
|Processing Fee||Up to 1% of the loan amount|
|Prepayment Charges||Up to 3.75% of the principal outstanding|
What is the processing fee for personal loans?
On a personal loan, HSBC Bank has the processing fee of maximum 2.50% of the loan amount. The amount is deducted from the disbursed loan amount at the time of loan approval. You also have to pay the additional GST of 18% on this fee which altogether is a one-time payment.
What is the trick to get the lowest rate?
As such you can not push the lender to give you the desired rate. The fact is that the lender takes into account some factors based on which it approves the rate on a personal loan. The details considered include your age, monthly income, savings/investments, company category, credit history, any other loan EMI, and your relationship with the bank. The better your overall profile is, the higher is the possibility that you can get the lowest rate.