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HSBC Personal Loan

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  • Reviews (2)
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  • More Details
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4.0
2 reviews
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Summary

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 Exclusive Promotion: Get an Apple iPhone 15 Pro 256 GB (worth S$1,825.75) / Dyson 360 Vis Nav™ robot vacuum (worth S$1,649) / Apple Bundle worth S$1057.30: Apple iPad 10th Gen 64GB (worth S$691.60) + AirPods Pro Gen 2 Bundle (worth S$386) / Sony Playstation® 5 (Digital Version) (worth S$669) / Dyson V8 Slim Fluffy (worth S$509) / S$50 Cash via PayNow

  • Applicable to both New and Existing Customers
  • Submit an application for a personal loan and get approved to be eligible for the following:

Loan amount of S$10k - S$19,999: Get S$50 Cash via PayNow

Loan amount of S$20k - S$34,999: Get a Dyson V8 Slim Fluffy (worth S$509)

Loan amount of S$35k - S$49,999: Get a PlayStation 5 (Digital Version) (worth S$669)

Loan amount of S$50k - S$79,999: Get an Apple Bundle (worth S$1057.30): Apple iPad 10th Gen 64GB (worth S$691.60) + AirPods Pro Gen 2 (worth S$386)

Loan amount of S$80k - S$99,999: Get a Dyson 360 Vis Nav™ robot vacuum (worth S$1,649)

Loan amount of S$100k or more: Get an Apple iPhone 15 Pro 256 GB (worth S$1,825.75)

  • Not Stackable with HSBC BAU rewards
  • Promotion Period: 1 March - 30 April 2024
  • Terms and Conditions. Click here

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

...see more

Popular Products

Summary

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 Exclusive Promotion: Get an Apple iPhone 15 Pro 256 GB (worth S$1,825.75) / Dyson 360 Vis Nav™ robot vacuum (worth S$1,649) / Apple Bundle worth S$1057.30: Apple iPad 10th Gen 64GB (worth S$691.60) + AirPods Pro Gen 2 Bundle (worth S$386) / Sony Playstation® 5 (Digital Version) (worth S$669) / Dyson V8 Slim Fluffy (worth S$509) / S$50 Cash via PayNow

  • Applicable to both New and Existing Customers
  • Submit an application for a personal loan and get approved to be eligible for the following:

Loan amount of S$10k - S$19,999: Get S$50 Cash via PayNow

Loan amount of S$20k - S$34,999: Get a Dyson V8 Slim Fluffy (worth S$509)

Loan amount of S$35k - S$49,999: Get a PlayStation 5 (Digital Version) (worth S$669)

Loan amount of S$50k - S$79,999: Get an Apple Bundle (worth S$1057.30): Apple iPad 10th Gen 64GB (worth S$691.60) + AirPods Pro Gen 2 (worth S$386)

Loan amount of S$80k - S$99,999: Get a Dyson 360 Vis Nav™ robot vacuum (worth S$1,649)

Loan amount of S$100k or more: Get an Apple iPhone 15 Pro 256 GB (worth S$1,825.75)

  • Not Stackable with HSBC BAU rewards
  • Promotion Period: 1 March - 30 April 2024
  • Terms and Conditions. Click here

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

...see more

Plans (5)

Slide 1 of 5

HSBC Personal Loan (1 Year Tenure)

6.5%

EFFECTIVE INTEREST RATE

3.6%

FLAT INTEREST RATE

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

PROCESSING FEE

HSBC Personal Loan (2 Year Tenure)

6.5%

EFFECTIVE INTEREST RATE

3.60%

FLAT INTEREST RATE

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

PROCESSING FEE

HSBC Personal Loan (Year 3 Tenure)

6.5%

EFFECTIVE INTEREST RATE

3.60%

FLAT INTEREST RATE

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

PROCESSING FEE

HSBC Personal Loan (4 Year Tenure)

6.5%

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)

6.5%

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)

6.5%

EFFECTIVE INTEREST RATE

3.6%

FLAT INTEREST RATE

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

PROCESSING FEE

đź“Ł SIGN-UP BONUS

Get an Apple iPhone 15 Pro 256 GB (worth S$1,825.75) or Dyson 360 Vis Nav™ robot vacuum (worth S$1,649) or Apple Bundle (worth S$1057.30): Apple iPad 10th Gen 64GB + AirPods Pro Gen 2 or Sony Playstation® 5 ( (Digital Version) (worth S$669) or Dyson V8 Slim Fluffy (worth S$509) or S$50 Cash via PayNow!

Valid till 30 Apr 2024. T&Cs apply.

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Reviews (2)

4.0

2 Reviews

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      Posted 01 Dec 2023

      Purchased

      HSBC Personal Loan (1 Year Tenure)

      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

      0

      What are your thoughts?

      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?

    Discussions (0)

      No Posts Found.

      Popular Products

      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 & Benefits:

      + One of the lowest interest rates from 3.2% p.a (EIR 6% p.a) for those earning min. S$30,000 annually. Rates provided are customised and might differ from what’s displayed here.

      + No processing fees

      + Get a 1-minute in-principle approval on your HSBC Personal Loan

      + Max. loan amount equal to 90/95% of approved credit limit at time of application

      + Min. loan amount of S$1,000

      + Option to borrow at a slightly longer loan tenure of 7 years

      - Early repayment fee: 2.5% of the repayment amount

      - Overdue interest: 2.5% + prevailing interest on overdue amount

      - Late payment fee: S$75 for each monthly repayment that is not received in full by the monthly due date

      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.