HSBC Personal Loan offers competitively low interest rate from 3.7% p.a. (EIR 7% p.a.), the loan amount can be even eight tights of your salary. There is fixed monthly payment plans so you’re your interest rate don’t increase with variation in monthly payment. Interest rate on HSBC Personal Loan generally varies between 3.7% to 4.8%. 

Main features of HSBC Personal Loan are:

  • Loan up to 8x your monthly income
  • Fixed monthly repayments
  • Key benefits
  • Low interest rates
  • Get interest rates from as low as 3.7% p.a. (EIR 7% p.a.) to 4.8% p.a. (EIR 9% p.a.)

 

Loan up to eight times of your monthly income

Fulfill your biggest dreams with a high maximum loan amount of 8 times your monthly income or up to S$200,0001.

Fixed monthly repayments

Get greater convenience and predictability with fixed monthly repayments on your HSBC Personal Loan.

Loan tenor of up to 7 years

Enjoy the freedom to choose a loan tenor from 1 to 7 years, so you can pick a repayment period that you are comfortable with.

Redraw on your existing loan

Redraw S$1,000 or more from your current loan for more financial flexibility.

1 minute approval in-principle1

Receive approval in-principle almost immediately when you apply for HSBC Personal Loan online.

Eligibility for Citizens and Permanent Residents

This loan is available to both the Citizens and Permanent Residents of Singapore of minimum 21 to maximum 60 years of age upon loan maturity with a minimum income of S$30,000 p.a.

  • 21 to 65 years of age
  • Annual income of S$30,000 or more
  • Employment Pass with at least 12 months’ validity

Required documents:

  • Completed and signed Letter of Instruction
  • A photocopy of your NRIC (front and back)
  • Income documents

Eligibility for Foreigners

This loan is available to Foreigners of minimum 21 to maximum 60 years of age upon loan maturity with a minimum income of S$40,000 p.a.

  • 21 to 65 years of age
  • Annual income of S$40,000 or more
  • Employment Pass with at least 12 months’ validity

Required documents:

  • Completed and signed Letter of Instruction
  • A photocopy of your Passport and Employment Pass (front and back)
  • Income documents

Fees & charges

  • Processing fee: S$88 (waived)
  • Early repayment fee1: 2.5% of the redemption amount
  • Overdue interest: 2.5% + prevailing interest4 on overdue amount.
  • Late payment fee: S$75 for each monthly repayment that is not received in full by the monthly repayment due date