Information only
HSBC India is the Indian business of The Hongkong and Shanghai Banking Corporation, a foreign bank licensed by the Reserve Bank of India. RBI lists its principal branch as Mumbai. HSBC opened its first India branch in Calcutta in 1867 and acquired Mercantile Bank, founded in Bombay in 1853, in 1959. Its loan page highlights personal borrowing and overdraft-style mortgage products. This page is an information summary, not an offer.
Loans it offers
Loan products HSBC India lists
| Loan | What to know |
|---|---|
| Personal Loan | Presented as a loan for any purpose; unsecured. |
| HSBC Anytime Credit | A flexible overdraft facility for HSBC salary account holders. |
| Home Loan | A standard home loan; the property is the security. |
| Smart Home Drop-line Overdraft | A home loan structured as an overdraft with a limit that reduces over time. |
| Loan Against Property and Smart Loan Against Property Drop-line Overdraft | Property-backed borrowing, including an overdraft form. |
| NRI Home Loan | A home loan product named for non-resident Indians. |
Read how these loans work on LOANZ 360: home loans, loans against property and personal loans. The bank's own website is the record of its current products, eligibility and terms.
Key facts
| Fact | Detail |
|---|---|
| Regulator category | Foreign bank (regulated by the Reserve Bank of India) |
| Principal branch listed by RBI | Mumbai |
| Mode of presence | Branch of a foreign bank |
| First India branch | Calcutta, 1867, according to HSBC's history site |
| Mercantile Bank of India | Founded in Bombay in 1853; HSBC acquired it in 1959 |
As of 8 November 2026, RBI lists The Hongkong and Shanghai Banking Corporation as a foreign bank with its principal branch in Mumbai.
Before you apply
- HSBC works in India as a branch of an overseas bank under RBI rules, so decisions follow the bank's own credit policy.
- Some products are open only to certain customers. The overdraft for salary account holders needs an HSBC salary account, so check eligibility first.
- Drop-line overdraft loans reduce your available limit over time. Ask how the limit steps down and what happens if you draw the full amount.
- A home loan for a non-resident Indian needs extra papers; ask which are required before you apply.
Compare the annual percentage rate (APR) on the Key Fact Statement (KFS), and ask for lender-set charges in writing. Checking your own credit score does not lower it. This helps avoid unnecessary credit enquiries; too many lender checks in a short time can lower your score. See interest rates for comparison.
The links above explain each loan type. See published rates on interest rates and other banks on lenders. The lending partner or information-only label comes from live site data. If shown as information only, apply on the bank's own website.
Last updated 12 Nov 2026