Hongkong and Shanghai business loans
Hongkong and Shanghai is on Recur Club's lender panel, writing domestic factoring, loan against securities, overdraft / cash credit and 4 other products.
- ✓We check your fit against every lender on the panel, not just this one
The screen your file has to clear
What is checked before anything else, and applies to every product below.
- Borrower: CIBIL ≥650
- age ≥2y (bank guarantee, domestic factoring, dropline overdraft, export financing, import factoring, letter of credit, overdraft / cash credit, purchase invoice discounting, sales invoice discounting, vendor financing, working capital demand loan)
- age ≥3y (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan)
- avoid: Financial Services (varies by product)
- Karnataka (varies by product)
- Private Limited, Public, Sole proprietorship, Limited Liability Partner (varies by product)
22 more ▾ ▴
- Financials: TOL/adjusted tangible net worth ≤4
- debt/EBITDA ≤3
- debt/networth ≤3
- DSCR ≥1
- maximum networth: 1000 (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only)
- rev ≥₹10cr (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only)
- networth ≥₹1cr (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only)
- maximum annualrevenue: 100 (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only)
- Deal: rate 7–16% (range across products — see matrix)
- ticket ₹2–200cr (range across products — see matrix)
- tenure 12–180mo (range across products — see matrix)
- Security (observed): 1st/pari-passu charge on current assets (100%)
- Personal Guarantee Of Promoters / Directors / Property Owner (86%)
- FD margin 20–30% (57%)
- median ticket ₹10cr
- median rate 12%
- median turnaround -19710d
- Security asked in : 1st/pari-passu charge on current assets (×3), Personal Guarantee Of Promoters/Directors (×3), Escrow Of Cashflows (×2), Fixed Deposit <5% (×2)
- Security asked in : 1st/pari-passu charge on current assets (×11), Personal Guarantee Of Promoters/Directors (×6), Movable Fixed Assets/Plant & Machinery - Pari Passu First Charge (×3), FD margin 20–30% (×3)
- Security asked in 2026: 1st/pari-passu charge on current assets (×7), Personal Guarantee Of Promoters / Directors / Property Owner (×6), FD margin 20–30% (×4), Movable Fixed Assets/Plant & Machinery - Pari Passu First Charge (×3)
- share → in-principle approval (initial interest): ≈0d
- in-principle approval → sanction (underwriting): ≈127d
What Hongkong and Shanghai lends, and on what terms
What has actually been offered on live transactions, not brochure numbers. Treat them as the band you are likely to be quoted inside, not a promise. Open a row for that product's credit box.
| Product | Ticket | Pricing | Tenure |
|---|
Also offered, with no terms observed yet: Working Capital Demand Loan, Domestic Factoring, Loan Against Securities, Overdraft / Cash Credit, Purchase Invoice Discounting, Sales Invoice Discounting, Secured Term Loan.
What a sanction from Hongkong and Shanghai actually looks like
Reconstructed from real sanction letters. Small samples, so read them as observed rather than as a rule.
Specimen sanction
Representative of the median file. Your actual terms will move with rating, security cover and relationship.
How often each clause appears
Share of the 9 sanction letters carrying the clause.
What they will ask you to pledge
Counted across the sanction letters read. A combination is normal, and most files carry more than one.
- Current Assets3 letters
- Residential Property2 letters
- Movable Fixed Assets2 letters
- Immovable fixed assets1 letters
- Stock and properties1 letters
- Plant & Machinery1 letters
- Current Assets ×3, Residential Property ×2, Movable Fixed Assets ×2, Immovable fixed assets ×1, Stock and properties ×1, Plant & Machinery ×1
What borrowers ask about Hongkong and Shanghai
- What does Hongkong and Shanghai lend?
- Hongkong and Shanghai writes domestic factoring, loan against securities, overdraft / cash credit, purchase invoice discounting, sales invoice discounting, secured term loan and 1 further products.
- What are Hongkong and Shanghai's eligibility criteria?
- The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.
- What security does Hongkong and Shanghai ask for?
- Observed across sanctions: 1st/pari-passu charge on current assets (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (86%) · FD margin 20–30% (57%).
- What documents does Hongkong and Shanghai ask for?
- Most often audited financials, bank statements, debt schedule / sanction letters, provisional financials, term sheet. Having these ready before the first call is what shortens the turnaround.
- How do I apply to Hongkong and Shanghai?
- You do not apply to Hongkong and Shanghai directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Hongkong and Shanghai's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached.
Next steps after Hongkong and Shanghai
Answer a short set of questions and see which lenders on the panel your file clears, on each one's own recorded criteria.
Search the panel by name, product or ticket size, and compare credit boxes side by side.
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The underwriting platform these credit boxes come from. Built for lenders and credit teams.
Founder stories from the companies building in India, from the team behind Recur Club.
See whether Hongkong and Shanghai is the right lender for you
A few questions. Recur Market scores you against Hongkong and Shanghai and the rest of the panel, on each lender's own recorded criteria.
Check my matchLast updated
Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Hongkong and Shanghai's current policy. Terms are set by the lender at the time of sanction.