HSBC Student Loan

Hello sir I am Nancy and I am here as I want to get the details of the HSBC Bank Education Loan Scheme so will you please provide me the details??

[Kiran Chandar]

HSBC bank helps you to fulfill your dream to get admission in a reputed college/ professional institute in India or abroad.
Bank gives education loan for studies in India and abroad. Bank has flexible tenure, comprehensive coverage, low interest rate, etc.

Eligibility
-Applicant should be a resident Indian
-Minimum net annual income of Rs. 150,000 for secured loan and Rs. 75,000 for unsecured loan
-Student must have secured admission to a recognized college/university in India or abroad
Courses Eligible
The eligible courses for HSBC student loan are graduate courses in abroad or India.

Quantum of Loan
Avail of loan amounts ranging from a minimum of Rs. 50,000 to a maximum of Rs. 25,00,000.

Expenses covered by the Loan
Educational Loan of this Bank covers expenses for boarding and lodging.

Security
Loans above Rs.500,000 are available against security of residential property/shares.
Loans to value ratio to be less than or equal to 50% of the property valuation

Rate of Interest: 12%
Repayment
-Repayment is done through Equated Monthly Installments (EMIs) scheme.
-Repayment period is up to 4 years for unsecured loans and 7 years for secured loans (against security of a residential property / shares).
-Repayment starts one year after course completion or 6 months after obtaining employment (whichever is earlier).