HSBC Bank Education Loan has recognized the importance of education and along with Global Student Loan Corporation (GSLC) has designed HSBC Bank Education Loans for all those who dream of higher studies in India or abroad. The banks financial assistance has helped many students by providing them the much needed financial assistance for most of the recognized career oriented courses. HSBC Bank Education Loan are available through the banks hassle free procedure and HSBC Bank Education Loan Review shows that the loans are mostly availed by students who have not been able to qualify for a full time scholarship program due to scores.

HSBC Bank Education Loan Interest Rate:

The HSBC Bank Education Loan interest rate is competitive and attractive and can be availed for study in India and abroad.

HSBC Bank Education Loan rate is 15.75% approximately which is subject to change. Students looking for Bank finance for higher education can avail the loan with a competitive HSBC Bank Education Loan interest rate.

HSBC Bank Education Loan Eligibility And Expenses Covered:

HSBC Bank Education Loan interest rate can be availed by any resident Indian of minimum age 18 years. The loan can be availed for any graduation and post graduation courses.

Other Qualifications For HSBC Bank Education Loan Eligibility Are:

• ·For HSBC Bank Education Loan eligibility the candidate should be a Resident Indian.
• ·Admission to technical courses in India is possible through HSBC Bank Education Loan eligibility.
• ·A co-applicant is required for full time courses.
• ·Loan can be availed up to Rs 1 Crore against residential property.

The Loan Components Are:

1100% loan can be availed for tuition feeat the prevailing HSBC Bank Education Loan rate.

240% of loan can be availed for Hostel or lodging.

310% of loan can be availed for Cost of books and equipment or Study tours, Project work, Computer etc. after confirmation from school or college.

HSBC Bank Education Loan Review And Documentation:

According to the HSBC Bank Education Loan review the student would need to provide the following documents for the processing of the loan apart from Proof of Age, Signature, Identity and Residence:

• ·Fully completed loan application form along with Institutes Admission letter with Fee Break up.
• ·Two Photographs

HSBC Bank Education Loan review and documentation for the salaried co- borrower

• ·Bank Statement for last 6 months.
• ·Income Tax Statement for the last two years
• ·A brief about the asset and liabilities possessed by the borrower
• ·Latest 2 Salary slips

HSBC Bank Education Loan review and documentation for the self employed individual

• ·Bank Statement
• ·Income Tax Return
• ·Profit and Loss Account or Balance Sheet of the Company
• ·Proof of Qualification.

HSBC Bank Education Loan Review And Application Procedure:

HSBC Bank Education Loan application forms are available at all bank branches across India and online. The filled up forms can be then submitted along with the loan application at the branch and the loan will be disbursed in installments to the college or institute directly.

HSBC Bank Education Loan Rate Repayment Option And Pre Closure Process:

The loan needs to be paid back in maximum 15 years from the date of disbursement of the loan. The pre closure charges are 4% for amount in excess of 25% of outstanding loan amount.

HSBC Bank Education Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on HSBC Bank Education Loan eligibility and HSBC Bank Education Loan Rate etc. are on the official site at

http://www.hsbc.co.in/1/2/personal/loans/educational-loan