HSBC Personal Line of Credit in Singapore

HSBC SG
Loans
Personal Line of Credit

Features & benefits

Affordable interest rates³ as low as 12% per annum
Get credit limit of up to SGD200,000¹
Top up your HSBC deposit accounts automatically
Approval in principle within 1 minute

Pay interest only on what you use and enjoy flexibility on your monthly repayment
Get quick access to cash from your debit card, internet banking or mobile banking

Overview

HSBC Personal Line of Credit gives you extra cash of up to 8X¹ your monthly salary with one of the lowest interest rates in town.
Affordable Interest Rates	Interest rate³
HSBC Premier customers (at the point of application)	12% p.a. (preferential)
Personal Banking customers	20.9% p.a. (prevailing)

HSBC Personal Line of Credit gives you extra cash of up to 8X¹ your monthly salary with one of the lowest interest rates in town.
Affordable Interest Rates	HSBC Premier customers (at the point of application)
Interest rate³	12% p.a. (preferential)

Affordable Interest Rates	Personal Banking customers
Interest rate³	20.9% p.a. (prevailing)

Promotional offers

Personal Line of Credit

Get SGD100 in cashback² when you apply for a new Personal Line of Credit. Conditions apply.

Instalment Plan

Promotional interest rates² from as low as 3.2% p.a. (EIR 6% p.a.³) with no processing fee. Conditions apply.

Find out more about HSBC Personal Line of Credit Instalment Plan

Balance Transfer

Enjoy 0% p.a. interest for 6 months² with processing fee as low as 1.5% (EIR 3.26% p.a.³), conditions apply.

Find out more about HSBC Personal Line of Credit Balance Transfer

¹Refer to Credit limit assignment.

²Personal Line of Credit General and Promotion Terms and Conditions apply.

³Interest is subjected to compounding if the monthly finance charges are not paid in full.

Apply for HSBC Personal Line of Credit

To apply for a HSBC Personal Line of Credit, you must meet the following requirements:

Between 21 and 65 year of age
Annual income of SGD30,000 for salaried or SGD40,000 for self-employed or commission-based Singapore Citizens and Permanent Residents
Annual income of SGD40,000 and employment pass with validity of at least 6 months for foreigners

View supporting document

Required supporting document for Singaporean/ Permanent Resident
Document	For salaried employees	For commission-based earners	For self-employed
Completed and signed Letter of Instruction
NRIC (front and back)
(A) Notice of Assessment and CPF Statement via Myinfo (Singpass login required)			Preferred
(B) Latest 3 months' computerised pay slips	(if your monthly income exceeds S$6,000)
Latest 2 years' Notice of Assessment			(not required if (A) is provided)
Proof of billing address (for correspondence address using office address or home address which is different from the address on NRIC)	Where applicable	Where applicable	Where applicable

Required supporting document for Singaporean/ Permanent Resident
Document	Completed and signed Letter of Instruction
For salaried employees
For commission-based earners
For self-employed

Document	NRIC (front and back)
For salaried employees
For commission-based earners
For self-employed

Document	(A) Notice of Assessment and CPF Statement via Myinfo (Singpass login required)
For salaried employees
For commission-based earners
For self-employed	Preferred

Document	(B) Latest 3 months' computerised pay slips
For salaried employees	(if your monthly income exceeds S$6,000)
For commission-based earners
For self-employed

Document	Latest 2 years' Notice of Assessment
For salaried employees
For commission-based earners
For self-employed	(not required if (A) is provided)

Document	Proof of billing address (for correspondence address using office address or home address which is different from the address on NRIC)
For salaried employees	Where applicable
For commission-based earners	Where applicable
For self-employed	Where applicable

Required supporting document for foreigner
Document	For salaried employees	For commission-based earners	For self-employed
Completed and signed Letter of Instruction
Passport
Employment Pass / S Pass (with remaining validity of at least 6 months, or 1 year for Instalment Plan application)
(A) Notice of Assessment and CPF Statement via Myinfo (Singpass login required); OR			Preferred
(B) Latest 3 months' computerised pay slips; OR
(C) Latest 1 year Notice of Assessment with latest 1 month's computerised pay slip
Latest 2 years' Notice of Assessment			(not required if (A) is provided)
S Pass holders: Latest 3 months’ bank statements, showing salary crediting
Proof of billing address

Required supporting document for foreigner
Document	Completed and signed Letter of Instruction
For salaried employees
For commission-based earners
For self-employed

Document	Passport
For salaried employees
For commission-based earners
For self-employed

Document	Employment Pass / S Pass (with remaining validity of at least 6 months, or 1 year for Instalment Plan application)
For salaried employees
For commission-based earners
For self-employed

Document	(A) Notice of Assessment and CPF Statement via Myinfo (Singpass login required); OR
For salaried employees
For commission-based earners
For self-employed	Preferred

Document	(B) Latest 3 months' computerised pay slips; OR
For salaried employees
For commission-based earners
For self-employed

Document	(C) Latest 1 year Notice of Assessment with latest 1 month's computerised pay slip
For salaried employees
For commission-based earners
For self-employed

Document	Latest 2 years' Notice of Assessment
For salaried employees
For commission-based earners
For self-employed	(not required if (A) is provided)

Document	S Pass holders: Latest 3 months’ bank statements, showing salary crediting
For salaried employees
For commission-based earners
For self-employed

Document	Proof of billing address
For salaried employees
For commission-based earners
For self-employed

Required supporting document for Singaporean/ Permanent Resident
Document	For salaried employees	For commission-based earners	For self-employed
Completed and signed Letter of Instruction
NRIC (front and back)
(A) Notice of Assessment and CPF Statement via Myinfo (Singpass login required)			Preferred
(B) Latest 3 months' computerised pay slips	(if your monthly income exceeds S$6,000)
Latest 2 years' Notice of Assessment			(not required if (A) is provided)
Proof of billing address (for correspondence address using office address or home address which is different from the address on NRIC)	Where applicable	Where applicable	Where applicable

Required supporting document for Singaporean/ Permanent Resident
Document	Completed and signed Letter of Instruction
For salaried employees
For commission-based earners
For self-employed

Document	NRIC (front and back)
For salaried employees
For commission-based earners
For self-employed

Document	(A) Notice of Assessment and CPF Statement via Myinfo (Singpass login required)
For salaried employees
For commission-based earners
For self-employed	Preferred

Document	(B) Latest 3 months' computerised pay slips
For salaried employees	(if your monthly income exceeds S$6,000)
For commission-based earners
For self-employed

Document	Latest 2 years' Notice of Assessment
For salaried employees
For commission-based earners
For self-employed	(not required if (A) is provided)

Document	Proof of billing address (for correspondence address using office address or home address which is different from the address on NRIC)
For salaried employees	Where applicable
For commission-based earners	Where applicable
For self-employed	Where applicable

Required supporting document for foreigner
Document	For salaried employees	For commission-based earners	For self-employed
Completed and signed Letter of Instruction
Passport
Employment Pass / S Pass (with remaining validity of at least 6 months, or 1 year for Instalment Plan application)
(A) Notice of Assessment and CPF Statement via Myinfo (Singpass login required); OR			Preferred
(B) Latest 3 months' computerised pay slips; OR
(C) Latest 1 year Notice of Assessment with latest 1 month's computerised pay slip
Latest 2 years' Notice of Assessment			(not required if (A) is provided)
S Pass holders: Latest 3 months’ bank statements, showing salary crediting
Proof of billing address

Required supporting document for foreigner
Document	Completed and signed Letter of Instruction
For salaried employees
For commission-based earners
For self-employed

Document	Passport
For salaried employees
For commission-based earners
For self-employed

Document	Employment Pass / S Pass (with remaining validity of at least 6 months, or 1 year for Instalment Plan application)
For salaried employees
For commission-based earners
For self-employed

Document	(A) Notice of Assessment and CPF Statement via Myinfo (Singpass login required); OR
For salaried employees
For commission-based earners
For self-employed	Preferred

Document	(B) Latest 3 months' computerised pay slips; OR
For salaried employees
For commission-based earners
For self-employed

Document	(C) Latest 1 year Notice of Assessment with latest 1 month's computerised pay slip
For salaried employees
For commission-based earners
For self-employed

Document	Latest 2 years' Notice of Assessment
For salaried employees
For commission-based earners
For self-employed	(not required if (A) is provided)

Document	S Pass holders: Latest 3 months’ bank statements, showing salary crediting
For salaried employees
For commission-based earners
For self-employed

Document	Proof of billing address
For salaried employees
For commission-based earners
For self-employed

Apply online

Life won't wait. Take the first step towards greater things in life with extra cash today.

Start your application for HSBC Personal Line of Credit This link will open in a new window

Simply SMS
PLOC<space>NAME to 74722.

A HSBC customer service officer will contact you on your application within 3 working days.

Wish to speak to our telesales agents about HSBC's Personal Line of Credit?

Leave us your contact details and we will be in touch within 3 working days (during office hours).

Contact Me to enquire HSBC's services This link will open in a new window

Already made an application?

Finish your application by uploading supporting documents and/or CPF Statement.

Upload your supporting documents for your application Submit income and CPF statement using Myinfo(For Singpass users only) for HSBC Personal Line of Credit This link will open in a new window

If you are an existing Personal Line of Credit customer

Auto Top-up

Enjoy the convenience in maintaining the balances in your HSBC Current/Savings accounts with HSBC Personal Line of Credit.

Find out more about HSBC Personal Line of Credit Auto Top-up

Credit Limit Review

Need a higher credit limit on your Personal Line of Credit?

Find out more about HSBC Personal Line of Credit Credit Limit Review

Things to Note

Minimum monthly repayment: 3% of your outstanding balance or SGD15, whichever is higher
Minimum interest charge: SGD10
Late payment fee: SGD75

Annual fee:

HSBC Premier customers: Perpetually waived
Retail Banking customers: S$60 (first year waived)

Fees and Charges (PDF) Download

Your credit limit will depend on your annual income, and is capped at SGD200,000
Credit limit assignment	If your Annual Income Is	Credit Limit
For Singaporean / Singapore PR	Between SGD30,000 and SGD119,999 SGD120,000 and above	Up to 4X your monthly salary Up to 8X your monthly salary
For Foreigners	At least SGD40,000	Up to 1X your monthly salary

Your credit limit will depend on your annual income, and is capped at SGD200,000
Credit limit assignment	For Singaporean / Singapore PR
If your Annual Income Is	Between SGD30,000 and SGD119,999 SGD120,000 and above
Credit Limit	Up to 4X your monthly salary Up to 8X your monthly salary

Credit limit assignment	For Foreigners
If your Annual Income Is	At least SGD40,000
Credit Limit	Up to 1X your monthly salary

Enjoy seamless convenience with the all-in-one HSBC Debit Card enhanced with Visa payWave, NETS contactless modes of payment and Apple Pay.
Use your card as a public transit card by tapping to pay your bus and train fares with HSBC Debit Card or Apple Pay.
Enjoy attractive offers on dining, movie petrol and more.

Find out more about HSBC Debit Cards

Find answers to frequently asked questions on HSBC Personal Line of Credit and HSBC Personal Instalment Loan.

HSBC Personal Line of Credit

Features & benefits

Overview

Promotional offers

Personal Line of Credit

Instalment Plan

Balance Transfer

Apply for HSBC Personal Line of Credit

Are you eligible?

View supporting document

Singaporean/ Permanent Resident

Foreigner

Apply online

Apply by SMS

Need assistance with your application?

Already made an application?

If you are an existing Personal Line of Credit customer

Auto Top-up

Credit Limit Review

Things to Note

Fees and charges

Credit limit assignment

Personal Line of Credit Debit Card

Frequently asked questions

Terms and Conditions

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