HSBC Bank Car Loan [Interest Rate, Processing Fees, Tenure, Prepayment Charges 2022]



HSBC Bank Car Loan

About HSBC Bank : HSBC is one of the most influential banks in the world, serving customers from all sectors. It started as an international bank serving merchants and financing trade between China, Europe, and the US on Scottish bank principles. Now its global branches serve millions of diversified customers. With HSBC India, the bank has several group members offering varying services to its customers in India. 

The HSBC Bank (Hong Kong and Shanghai Banking Corporation Limited) is reputable among the world’s largest multinational banking and financial services organizations. Originating in Hong Kong in 1865, the bank started its operations in India with the acquisition of the Mercantile Bank of India in 1959. The first ATM of India opened in 1987 was a contribution of HSBC.

Headquarter: The headquarter of HSBC is situated in London, England. The operations in India are carried out in the Mumbai headquarter.

Number of employees: The present global employee count of HSBC stands at 2,32,957. The number of employees of HSBC in India is 36,000 as of 2018. The CEO of HSBC is Noel Quinn. The chief executive officer of HSBC India is Hitendra Dave..

Number of Branches & ATM: The bank operates in Europe, Asia, the Middle East, Africa, North America, and Latin America, covering 64 countries and territories. HSBC has a total of 26 branches in India at present. 

Rate of Interest : Starts From 8% Per Annum

Loan Amount : Up To 70% of Car Value

Maximum Tenure : Up to 5 Years

Processing Fee : Up to 0.50% of the loan amount + GST

Prepayment Charges : Nil

Collateral Required : Not Required

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