HSBC Personal Loan
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This product has not been claimed by the company yet.
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
Exclusive Rewards
Receive an Apple iPhone 14 Pro 256GB (worth S$1,836) / PRISM+ Q65-QE (worth S$1,699) / Apple Bundle worth S$1,047.65: Apple iPad 10th Gen 64GB (worth S$685.30) + Apple AirPods Pro 2nd Generation (worth S$362.65) / Ergotune Supreme V3 (worth S$850) / Dyson AM07 (worth S$459) / S$50 Cash via PayNow
Promotion Criteria:
• 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 AM07 (worth S$459)
Loan amount of S$35k - S$49,999: get an Ergotune Supreme V3 (worth S$850)
Loan amount of S$50k - S$79,999: get an Apple Bundle worth S$1,047.65: Apple iPad 10th Gen 64GB (worth S$685.30) + Apple AirPods Pro 2nd Generation (worth S$362.65)
Loan amount of S$80k - S$99,999: get a PRISM+ Q65-QE Google TV 2023 Edition (worth S$1,699)
Loan amount of S$100k or more: get an Apple iPhone 14 Pro 256GB (worth S$1,836)
• Valid till 31 May 2023
• Terms and Conditions. Click here
Product Page Transparency
- Pays to access additional features
Loan Features & Details
1) Key Features
- Interest rate: 3.2% p.a onwardsÂ
- Effective interest rate: From 6% onwardsÂ
- Loan tenure period from a minimum of 1 year to a maximum of 7 years
- Quick in-principle approval for online applicationsÂ
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 instalment 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
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This product has not been claimed by the company yet.
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
Exclusive Rewards
Receive an Apple iPhone 14 Pro 256GB (worth S$1,836) / PRISM+ Q65-QE (worth S$1,699) / Apple Bundle worth S$1,047.65: Apple iPad 10th Gen 64GB (worth S$685.30) + Apple AirPods Pro 2nd Generation (worth S$362.65) / Ergotune Supreme V3 (worth S$850) / Dyson AM07 (worth S$459) / S$50 Cash via PayNow
Promotion Criteria:
• 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 AM07 (worth S$459)
Loan amount of S$35k - S$49,999: get an Ergotune Supreme V3 (worth S$850)
Loan amount of S$50k - S$79,999: get an Apple Bundle worth S$1,047.65: Apple iPad 10th Gen 64GB (worth S$685.30) + Apple AirPods Pro 2nd Generation (worth S$362.65)
Loan amount of S$80k - S$99,999: get a PRISM+ Q65-QE Google TV 2023 Edition (worth S$1,699)
Loan amount of S$100k or more: get an Apple iPhone 14 Pro 256GB (worth S$1,836)
• Valid till 31 May 2023
• Terms and Conditions. Click here
Product Page Transparency
- Pays to access additional features
Loan Features & Details
1) Key Features
- Interest rate: 3.2% p.a onwardsÂ
- Effective interest rate: From 6% onwardsÂ
- Loan tenure period from a minimum of 1 year to a maximum of 7 years
- Quick in-principle approval for online applicationsÂ
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 instalment 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
Plans (5)
4.0
1 Reviews
Most Helpful
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
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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.
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