HSBC Personal Loan
- Overview
- Reviews (1)
- Discussions (0)
- More Details
Advertisement
Unclaimed
This product has not been claimed by the company yet.
Popular Products
Plans (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
Details
Product Page Transparency
- Pays to access additional features
HSBC Personaxl 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
4.0
1 Reviews
- 50
- 41
- 30
- 20
- 10
Read Review About...
- 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
What are your thoughts?Reply
No Posts Found.
Popular Products
2 Exclusive Rewards
Get an Apple Macbook Air 512GB (S$1,799) or Apple iPhone 13, 128GB (worth S$1,299) or Dyson TP00 air purifier (worth S$549), or S$100 cash
- Promotion is valid from 20 January to 24 February 2022
- Promotion is applicable to HSBC Account Holders only
- Loan amount of <S$15k: S$100 cash via PayNow
- Loan amount of S$15k - <S$40k: Dyson Pure Cool air purifier TP00 (worth S$549)
- Loan amount of S$40k - <S$100k: Apple iPhone 13 128GB (worth S$1,299)
- Loan amount of ≥S$100k: Apple Macbook Air 512GB (S$1,799)
- Min. approved tenor of 2 years
- Promotion is stackable over the offer below
- Terms and Conditions apply
- To apply, click on the "Apply Now" or "Visit Site" buttons
Get up to an additional S$2,100 cashback
- Promotion is valid from 5 January to 31 March 2022
- Promotion is applicable to HSBC Account Holders only
- 1% cashback of approved loan amount, capped at S$2,000
- Additional cashback amount of S$100 will be awarded
- Terms and Conditions apply
- To apply, click on the "Apply Now" or "Visit Site" buttons
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
- More details on HSBC Personal Loan
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.
Advertisement