HSBC Personal Loan

HSBC Personal Loan

• 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

SingSaver Cash Quest Giveaway: Get 3x chances to win S$50,000 cash

• SingSaver Cash Quest Giveaway promotion runs from 6 November 2024, 05:00 PM SGT to 22 December 2024.
• Promotion is valid for new and existing CIMB / HSBC / Standard Chartered / UOB personal loan customers.
• Apply for a loan from participating providers and complete the Rewards Redemption Form to receive 3 Cash Quest Chances.
• Apply for select product bundles to receive an additional 10 Cash Quest Chances on top of existing chances received (capped at 5 bundles).
• Download the SingSaver App and complete a verified login using the same SingSaver account used to apply for an Eligible Product to receive an additional 20 Cash Quest Chances on top of existing chances received.
• Campaign page here for full details.
• Cash Quest Giveaway Promotion Terms and Conditions apply.
• SingSaver General Promotion Terms and Conditions apply.

SingSaver Exclusive Offer: Get up to S$1,599 in cashback & rewards, the highest in the market

• SingSaver Exclusive Offer is valid until 12 December 2024.
• Promotion is valid for new and existing CIMB / HSBC / Standard Chartered / UOB personal loan customers.
• Apply and get approved for a loan from participating providers with a min. value of S$8,000 and min. tenure of 3 years to be eligible for reward.
• Choice of reward varies depending on approved loan amount:
• (S$8,000 – S$14,999): S$150 Cash
• (S$15,000 – S$29,999): S$400 or Apple iPad 10th Gen WiFi 64GB (worth S$499)
• (S$30,000 – S$49,999): S$600 Cash or Dyson Airwrap™ multi-styler and dryer (Complete) (worth S$859)
• (S$50,000 and above): S$1,350 Cash or Apple MacBook Air M3 256GB (worth S$1,599)
• Terms and Conditions apply.

Product Page Transparency

• Pays to access additional features

Loan Features & Details

1) Key Features

• Interest rate: 3.6% p.a onwards 
• Effective interest rate: From 6.5% onwards 
• Loan tenure period from a minimum of 1 year to a maximum of 7 years
• Quick in-principle approval for online applications 

2) Eligibility

• Citizenship: Singaporean or PRs only
• Age: 21-65 years old
• Minimum income requirement: S$30,000 per annum

3) Fees

• Processing fee: 1% of approved installment plan amount, or a minimum of S$88
• Late repayment fee: S$75
• Early repayment fee: 2.5% of redemption amount

4) Application Process

How to apply?

• Apply online through HSBC’s website or via online banking
• Apply via SMS. A HSBC customer service officer will contact you within three working days
• Apply via phone. A HSBC customer service officer will be in touch within three working days

5) Supporting Documents

• NRIC (front and back)
• Salaried employees: 3 months payslip, or latest Income Tax Notice of Assessment with 1 month payslip, or latest 6 months CPF statement
• Self-employed persons: Last 2 years of Income Tax Notice of Assessment