HSBC Loan Against Property

HSBC bank is one of the leading financial institutions in India and the rest of the world. It aims at improving its products and services offered to its customers at various levels. Continuing its efforts in an honest manner, it has come out with the an innovative scheme called the HSBC loan against property or the LAP. Loan against property is given for a variety of purposes. HSBC bank does not set any kinds of restrictions for using the same. So, you can use the loan amount at your own convenience. Some of the most common usage of HSBC loan is put in to funding are for a wedding, for medical expenses, for a long vacation or for buying a new house.

Features and Benefits of availing HSBC loan against property

1. A maximum of 1.5 crore is given as loan in places such as Mumbai, Delhi, Chennai and Bangalore
2. The maximum repayment tenure that if offers is up to 15 years
3. The documentation process is made as simple as possible
4. It offers attractive rate of interest on the loans applied
5. It allows you to transfer an existing loan against a property from another banking institution to HSBC bank
6. It offers PRF services which is the Personal Financial Reviews so that you are kept well intimated about your financial transactions
7. The customer service department pays individual attention to each customer making all the customer sense a feeling of being kept informed
8. The processing fee that the HSBC bank charges is as low as 0.50%
9. The HSBC bank does not charge any per-payment charges up to a pre-payment of 25% of the loan amount. But, above that it charges 4% on the loan financed.
10. The interest rate applied on the HSBC loan against property is linked to their retail lending rate which is 13.75%

All the terms and conditions applied are at the sole discretion of the HSBC bank and are subject to change without any prior notice. Presently, the loan against property is offered only in Mumbai, Delhi, Bangalore and Chennai however, they do have plans of expanding their services to other places in India also. For current interest rates applicable on LAP you will have to contact the bank's concerned department personally.

You can also visit the link given below for any further details on the HSBC loan against property http://www.hsbc.co.in/1/2/personal/loans/loan-against-property