facebookHSBC Personal Loan Reviews and Comparison - Seedly
Seedly logo
Seedly logo
 

HSBC Personal Loan

  • Overview
  • Reviews (1)
  • Questions (0)
  • More Details
Personal Loans/HSBC Personal Loan
Personal Loans/HSBC Personal Loan
4.0
1 reviews
claimed

Unclaimed

This product has not been claimed by the company yet.

Plans (5)

Slide 1 of 5
  • HSBC Personal Loan (1 Year Tenure)

    7%

    EFFECTIVE INTEREST RATE

    3.70%

    FLAT INTEREST RATE

    1% of principal amount, subjected to min. of S$88

    PROCESSING FEE

  • HSCB Personal Loan (2 Year Tenure)

    7%

    EFFECTIVE INTEREST RATE

    3.70%

    FLAT INTEREST RATE

    1% of principal amount, subjected to min. of S$88

    PROCESSING FEE

  • HSBC Personal Loan (Year 3 Tenure)

    7%

    EFFECTIVE INTEREST RATE

    3.70%

    FLAT INTEREST RATE

    1% of principal amount, subjected to min. of S$88

    PROCESSING FEE

  • HSBC Personal Loan (4 Year Tenure)

    7%

    EFFECTIVE INTEREST RATE

    3.70%

    FLAT INTEREST RATE

    1% of principal amount, subjected to min. of S$88

    PROCESSING FEE

  • HSBC Personal Loan (5 Year Tenure)

    7%

    EFFECTIVE INTEREST RATE

    3.70%

    FLAT INTEREST RATE

    1% of principal amount, subjected to min. of S$88

    PROCESSING FEE

HSBC Personal Loan (1 Year Tenure)

7%

EFFECTIVE INTEREST RATE

3.70%

FLAT INTEREST RATE

1% of principal amount, subjected to min. of S$88

PROCESSING FEE

Details

HSBC Personal Loan Reviews 2021

  • Flat interest rate from 3.7% - 4.8% p.a.
  • Effective interest rate (EIR) from as low as 7% - 9% p.a.
  • Fixed monthly repayment with the choice of 1 - 7 years tenure, with one of the longest loan tenures available in Singapore at 7 years
  • Applied Interest Rate (net processing fee) is calculated on the loan amount by a reducing balance method
  • Ideal for lump-sum one time borrowing needs
  • HSBC's online exclusive promotional rates are very competitive.
  • Best for applicants with annual income of at least S$80,000, and are keen on at least a 3 years loan.
  • One of the lowest minimum annual income requirements for personal loans for foreigners at S$40,000
  • Enjoy S$108 cashback and $0 processing fee as a sign up gift
Read More about HSBC Personal Loan
Reviews (1)

4.0

1 Reviews

  • 5
    0
  • 4
    1
  • 3
    0
  • 2
    0
  • 1
    0

Read Review About...

    Most HelpfulMost RecentLow to HighHigh to Low
      Updated on 26 Jun 2020

      Purchased

      HSBC Personal Loan (4 Year Tenure)

      [Application] Smooth application process with MyInfo and uploading of documents to HSBC’s website for additional verification purposes. [Flat Interest Rate] One of the best in the market at 3.7% [Savings Account & Debit Card] You will automatically be attached with a HSBC account. Unfortunately, the debit card never managed to reach my mailbox despite calling the customer service team to verify my address and request for card to be resend.

      0

      Post

    Questions (0)
      Recent ActivityUnansweredTrending

      No Question Found.

      Promotional Interest Rates for HSBC Personal Loan

      For applicants with annual income of less than S$80,000

      Tenor (years)

      Equivalent Flat Interest Rate (p.a.)

      Applied/Effective Interest Rate (p.a.)

      1 - 7

      4.8%

      9%

      For applicants with annual income of at least S$80,000.

      Tenor (years)

      Equivalent Flat Interest Rate (p.a.)

      Applied/Effective Interest Rate (p.a.)

      1 - 2

      4.8%

      9%

      3-7

      3.7%

      7%

      Features: Pros and cons of HSBC Personal Loan

      • Flat interest rate from 3.7% - 4.8% p.a.
      • Effective interest rate (EIR) from as low as 7% - 9% p.a.
      • Fixed monthly repayment with the choice of 1 - 7 years tenure
      • Longest loan tenure available at 7 years
      • Enjoy S$108 cashback and $0 processing fee as a sign up gift
      • Applied Interest Rate (net processing fee) is calculated on the loan amount by a reducing balance method
      • Ideal for lump-sum one time borrowing needs
      • HSBC's online exclusive promotional rates are very competitive.
      • For Singaporeans and PR with an annual income between S$30,000 - S$120,000, the maximum loan amount will be 4 x your monthly income
      • For Singaporeans and PR with an annual income of at least S$120,000, the maximum loan amount goes up to a maximum of 8 x your monthly income
      • With the maximum loan amount being S$200,000
      • Best for applicant whose annual income are at least S$80,000, and are keen on at least a 3 years loan.
      • One of the lowest minimum annual income requirements of personal loans for foreigners at S$40,000

      • However, if applicants are unable to apply online, the interest rates offered will be high
      • Loan tenors of 6 and 7 years are only available to salaried employees

      Eligibility: who can apply for HSBC Personal Loan

      • Between 21 and 65 years of age
      • Annual income of S$30,000 for salaried or S$40,000 for self-employed or commission-based Singapore Citizens and Permanent Residents
      • Annual income of at least S$40,000 and employment pass with validity of at least 1 year for foreigners

      Other Fees

      • Minimum monthly repayment: 1% of approved loan amount (or S$88, whichever is greater)
      • Early repayment fee: 2.5% of the redemption amount
      • Overdue interest: 2.5% + prevailing interest on overdue amount
      • Late payment fee: S$75

      Contact HSBC Singapore

      Tel: +65 64722 669 (+65 6-HSBC NOW )

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.