# HSBC Asset business loans > HSBC Asset is on Recur Club's lender panel, writing overdraft / cash credit, sales invoice discounting. Source: https://www.recurclub.com/lenders/hsbc-asset Last updated: 2026-09-29 Also offered, with no terms observed yet: Overdraft / Cash Credit, Sales Invoice Discounting. ## Eligibility - HSBC FINANCIAL HOLDINGS (INDIA) PRIVATELIMITED ### Will not fund - NBFCs stopped. - no cgtmse/cgss - negative - G&J, real estate, gambling, pharma - Company is seed-stage and does not meet the lender's criteria for working capital lines. - NBFCs stopped. (×1 · latest ) - negative - G&J, real estate, gambling, pharma (×1 · latest ) - no cgtmse/cgss (×1 · latest ) ### Prefers - Prefers company to have VC/institutional investor backing; family office backing accepted only exceptionally. - Taking a wait-and-watch approach on the EV (electric vehicle) sector for now. - Requires strong backing from investors for venture debt deals. - Negative view on co-working/managed workspace (real estate) sector. - Prefers manufacturing, service industry, and importer/exporter businesses - …more in playbook - Prefers company to have VC/institutional investor backing; family office backing accepted only exceptionally. - Taking a wait-and-watch approach on the EV (electric vehicle) sector for now. - Requires strong backing from investors for venture debt deals. - Negative view on co-working/managed workspace (real estate) sector. - Prefers manufacturing, service industry, and importer/exporter businesses - Mostly does multiple banking arrangements ### Screening gates and observed behaviour - Borrower: CIBIL ≥650 · Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telangana, Puducherry, Lakshadweep (varies by product) · avoid: Banking, Financial Services, Defence Manufacturing, Explosives, Arms and Ammunitions, Pharmaceuticals (varies by product) · Private Limited, Public, Sole proprietorship, Limited Liability Partner (varies by product) - Financials: runway ≥6mo (bank guarantee, letter of credit, machinery loan, overdraft / cash credit, purchase invoice discounting, sales invoice discounting, vehicle financing, working capital demand loan) · runway ≥12mo (domestic factoring, dropline overdraft, export financing, import factoring, vendor financing) · TOL/adjusted tangible net worth ≤4 · debt/EBITDA ≤3 · debt/networth ≤3 · DSCR ≥1 - Deal: rate 8–16% · ticket ₹5–200cr · tenure 12–180mo (range across products — see matrix) - Security (observed): 1st/pari-passu charge on current assets (100%) · Movable Fixed Assets/Plant & Machinery - Pari Passu First Charge (100%) · FD margin 20–30% (100%) - median ticket ₹15cr - median rate 10% - median turnaround — - Security asked in : Personal Guarantee Of Promoters/Directors (×1), 1st/pari-passu charge on current assets (×1), FD margin 20–30% (×1) - Security asked in 2026: 1st/pari-passu charge on current assets (×2), Movable Fixed Assets/Plant & Machinery - Pari Passu First Charge (×2), FD margin 20–30% (×2) - share → in-principle approval (initial interest): ≈18d - in-principle approval → sanction (underwriting): ≈82d ## Eligibility - HSBC ASSET MANAGEMENT (INDIA) PRIVATELIMITED ### Prefers - Lender treats EPC as a negative/avoided sector - Lender requires 100% Fixed Deposit margin/cash collateral against the FBG (bank guarantee) requirement ### Screening gates and observed behaviour - Borrower: CIBIL ≥650 · avoid: Banking, Financial Services (varies by product) · Gujarat · Private Limited, Public, Sole proprietorship, Limited Liability Partner · sector-agnostic (46 sectors — full list in data JSON) (varies by product) - Financials: rev ≥₹50cr (varies by product) · debt/EBITDA ≤3 · maximum annualrevenue: 500 (varies by product) · networth ≥₹5cr (varies by product) · debt/networth ≤3 - Deal: rate 8–16% · ticket ₹5–200cr (range across products — see matrix) · tenure 12–12mo - Security (observed): Movable Fixed Assets/Plant & Machinery - Pari Passu First Charge (100%) · 1st/pari-passu charge on current assets (100%) · FD margin 10–15% (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (100%) - Security asked in 2026: Movable Fixed Assets/Plant & Machinery - Pari Passu First Charge (×1), 1st/pari-passu charge on current assets (×1), FD margin 10–15% (×1), Personal Guarantee Of Promoters / Directors / Property Owner (×1) ## Sanctioned terms (from 11 real sanction letters) ### Sanctioned amount: median ₹9 cr (₹1.5 cr–₹30.5 cr) · NEW ×4 · RENEWAL ×2 - median ₹9 cr (₹1.5 cr–₹30.5 cr) · NEW ×4 · RENEWAL ×2 ### Typical security: Current Assets ×3, Residential Property ×2, Movable Fixed Assets ×2, Immovable fixed assets ×1, Stock and properties ×1, Plant & Machinery ×1 - Current Assets ×3, Residential Property ×2, Movable Fixed Assets ×2, Immovable fixed assets ×1, Stock and properties ×1, Plant & Machinery ×1 ### Typical covenants: - Periodic reporting / MIS obligation — 55% of letters (e.g. "The Borrower will provide audited financials within 180 days of the end of the financial year.") - Periodic reporting / MIS obligation — 55% of letters (e.g. "The Borrower will provide audited financials within 180 days of the end of the financial year.") ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Sanctioned terms (from 11 real sanction letters) ### Sanctioned amount: median ₹9 cr (₹1.5 cr–₹30.5 cr) · NEW ×4 · RENEWAL ×2 - median ₹9 cr (₹1.5 cr–₹30.5 cr) · NEW ×4 · RENEWAL ×2 ### Typical security: Current Assets ×3, Residential Property ×2, Movable Fixed Assets ×2, Immovable fixed assets ×1, Stock and properties ×1, Plant & Machinery ×1 - Current Assets ×3, Residential Property ×2, Movable Fixed Assets ×2, Immovable fixed assets ×1, Stock and properties ×1, Plant & Machinery ×1 ### Typical covenants: - Periodic reporting / MIS obligation — 55% of letters (e.g. "The Borrower will provide audited financials within 180 days of the end of the financial year.") - Periodic reporting / MIS obligation — 55% of letters (e.g. "The Borrower will provide audited financials within 180 days of the end of the financial year.") ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Common questions ### What does HSBC Asset lend? HSBC Asset writes overdraft / cash credit, sales invoice discounting. ### What are HSBC Asset'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. ### Who does HSBC Asset not fund? NBFCs stopped. Sector and structure exclusions are listed in full on this page. ### What security does HSBC Asset ask for? Observed across sanctions: 1st/pari-passu charge on current assets (100%) · Movable Fixed Assets/Plant & Machinery - Pari Passu First Charge (100%) · FD margin 20–30% (100%). ### What documents does HSBC Asset ask for? Most often audited financials, cash balance, contracts/work orders, mis, other. Having these ready before the first call is what shortens the turnaround. --- Check which lenders fund a business like yours: https://www.recurclub.com/recur-market All lenders: https://www.recurclub.com/lenders 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 HSBC Asset's current policy.