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Woman is using smartphone during home workout; image used for HSBC Singapore Debt Consolidation Plan.

HSBC Debt Consolidation Plan

Make loan repayments easier.

Features & benefits

  • Single repayment through consolidation bank account
  • Stretch your monthly repayments for up to 10 years
  • Interest rates from as low as 4.5% p.a. (EIR: 8.0% p.a.)
  • Complimentary HSBC Visa Platinum credit card
  • Free Credit Bureau Report
    Get a free credit report. Limited time only!

Leave us your contact details and our Loan Specialist will be in touch within 1 working day.


Enjoy promotional interest rates1 from as low as 4.5% p.a. (EIR2 8.0% p.a.) with no processing fee.
Tenor (years) Equivalent Flat Interest Rate3(p.a.) Applied/Effective Interest Rate2 (p.a.)
1 - 10
From 4.5% p.a.
From 8.0% p.a.
Enjoy promotional interest rates1 from as low as 4.5% p.a. (EIR2 8.0% p.a.) with no processing fee.
Tenor (years) 1 - 10
Equivalent Flat Interest Rate3(p.a.) From 4.5% p.a.
Applied/Effective Interest Rate2 (p.a.)
From 8.0% p.a.
Sign up now to receive cashback offer1.
Refinance Debt Consolidation Plan
5% cashback
Sign up now to receive cashback offer1.

Free Credit Bureau Report Promotion (For limited time only!)

Get a free credit bureau report today.

1Eligible Applicants will be offered a promotional interest rate of 4.5% p.a. (EIR 8.0% p.a.) to 8.9% p.a. (EIR 14.8% p.a.) in respect of their Debt Consolidation Loan, based on their personal credit profile and such other factors as may be determined by HSBC. Debt Consolidation Loan Promotion terms and conditions apply.

2Effective Interest Rate (EIR) is inclusive of processing fee computed based on 1% of approved loan amount, subject to a minimum of SGD88, where applicable. The Bank will apply the Applied Interest Rate (net processing fee) on the loan amount on a reducing balance method.

3Equivalent flat interest rate is for reference only and is based on a front-end add-on calculation method (Interest = loan principal x flat interest rate x loan tenor).

Calculate the monthly instalment of your debt consolidation


Interest is calculated using the reducing balance method.

Calculation shown above is indicative and for illustrative purposes only based on effective interest rate of 8.0% p.a.

How it works

HSBC Debt Consolidation Plan is a refinancing programme to consolidate the outstanding from all your existing unsecured credit facilities and is bundled with a revolving credit facility as a convenient mode for managing your daily financial needs.

  • Debt consolidation loan
    Consolidate the outstanding balance from all your existing unsecured credit facilities into a term loan with fixed monthly repayment.
  • Revolving credit facility
    Manage your daily financial needs with HSBC Visa Platinum credit card which gives you more savings.

Apply for a HSBC Debt Consolidation Plan

To apply for HSBC's Debt Consolidation Plan, you must meet the following requirements:

  • Nationality: Singaporean or Singapore Permanent Resident (PR)
  • Annual income : Between SGD30,000  and SGD119,999 for salaried  or between SGD40,000 and SGD119,999 for self-employed or commission-based earner
  • Total interest bearing balances^ in respect of unsecured credit facilities with financial institutions in Singapore exceeds 12 times monthly income

^ Interest bearing balances include amounts rolled over on credit card and balances outstanding on unsecured loans that accrue interest.

Apply now

Have us contact you

Wish to speak to our telesales agents about HSBC Debt Consolidation Plan?

Leave us your contact details and we will be in touch within 1 working day (during office hours).

Please Note

Upon approval of Debt Consolidation Plan application:

  • No cancellation is allowed
  • All existing unsecured credit facilities will be suspended/closed

Things to note

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