HSBC Bank Business Loans In India

To expand the business or to grow the business, entrepreneurs can look out for a business Loan from HSBC Bank. This loan scheme is for the benefits of the Entrepreneurs who would have need of finance on an urgent basis to increase the strength of the Business. The name of the loan scheme is 'Business Credit', a unique lending facility for Small and Medium Businesses with minimal security to be provided.

Features and Benefits

Business Credit is available up to Rs.35 lakhs
No security required for Business Credit up to Rs.15 lakhs. For Business Credit above Rs.15 lakhs and up to Rs.35 lakhs, provide only 25% margin in the form of an HSBC Fixed Deposit under lien with us.
Business Credit works like an Overdraft and is available like a limit on your Current Account. Interest is charged only on the actual amount utilized.
The minimum amount due every month is 5% of the outstanding balance. This can be withdrawn in the next month after deduction of interest.
Unlike cash credit facilities where you need to submit documents every month, only a one-time submission of the documents is required under Business Credit.
Get the Business Credit into your Current Account within days of the submission of complete documents and security margin, if applicable.
If you are a HSBC customer for 6 months or more, you are entitled to a special relationship discount on the processing fee.

Business Credit facilities available for concerns located in and around the limits of select cities where HSBC has branches and the same is subject to change from time to time. Business Credit facilities are subject to terms and conditions and are at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited (HSBC), India.

Business Credit is currently available only in the following locations in India - Mumbai, Pune, Kolkata, Hyderabad, Bangalore, Chennai and New Delhi.

For other details and applying online, click on: http://www.hsbc.co.in/in/personal/businessbanking/businesscredit.htm