HSBC Personal Line of Credit in Singapore

HSBC SG
Loans
Personal Line of Credit

Features & benefits

Affordable interest rates as low as 12% per annum
Get credit limit of up to SGD200,000
Top up your HSBC deposit accounts automatically

Pay interest only on what you use and enjoy flexibility on your monthly repayment
Get quick access to cash through debit card, internet banking and complimentary chequebook

Overview

HSBC Personal Line of Credit gives you extra cash of up to 8X¹ your monthly salary with one of the lowest prevailing interest rates in town.
Affordable Prevailing Interest Rates	Interest rate³
HSBC Premier customers	12% p.a.
HSBC Advance customers / Credit Card holders	16.5% p.a.
Retail Banking customers	18.5% p.a

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

Affordable Prevailing Interest Rates	HSBC Advance customers / Credit Card holders
Interest rate³	16.5% p.a.

Affordable Prevailing Interest Rates	Retail Banking customers
Interest rate³	18.5% p.a

Promotional offers

Instalment Plan

Promotional interest rates² from as low as 3.7% p.a. (EIR 7.0% 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

Completed and signed Letter of Instruction (after completing the digital application)
Photocopy of NRIC (front and back) OR Passport and a copy of Employment Pass (with validity of at least one year)

For salaried employees:

Submit Income and CPF statement using MyInfo (For Singpass users only) OR
Latest 3 months' computerised payslips OR
Latest Notice of Assessment with latest 1 month's payslip OR
latest 6 months' CPF statement OR

For self-employed/commission-based earners:

Submit Income and CPF statement using MyInfo (For Singpass users only) OR
Last 2 years' Notice of Assessment

Note: You can now print your Notices of Assessment at myTax Portal with your SingPass or IRAS PIN. This service is free. Log on to mytax.iras.gov.sg for more details. Proof of residential or mailing address is required should any of the addresses indicated on the application form differs from either one of the addresses in the documents provided.

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 about HSBC contact form This link will open in a new window

Apply via online banking

Please log on to your account via Personal Internet Banking for the quickest and easiest way to apply.

Log on to apply now 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

Important updates

Changes to HSBC Personal Loan from 1 November 2020

The Personal Line of Credit General and Promotion Terms and Conditions and WPB Bank Tariffs 2020 will be updated. Learn more here.

Changes to HSBC Personal Loan from 15 June 2020

We have enhanced our Personal Loans to give you a better experience. These are the changes that will take place with effect from 15 June 2020:

HSBC Personal Loan will be re-named as HSBC Personal Instalment Loan.
If you would like to apply for a personal loan, HSBC Personal Line of Credit (with the option of instalment plan or balance transfer) will be offered.
For instances where the HSBC Personal Line of Credit Instalment Plan is not offered, we may, at our discretion, offer an HSBC Personal Instalment Loan instead, and a Statement Savings account will be opened to facilitate monthly repayments.

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
HSBC Advance customers: SGD60 (first 2 years waived)
HSBC's Revolution / Platinum Credit Card customers: S$60 (first 2 years waived)
Retail Banking customers: S$60 (first year waived)

Fees and Charges (PDF) Download


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


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

Instalment Plan

Balance Transfer

Apply for HSBC Personal Line of Credit

Are you eligible?

View supporting document

Apply online

Apply by SMS

Need assistance with your application?

Apply via online banking

Already made an application?

If you are an existing Personal Line of Credit customer

Auto Top-up

Credit Limit Review

Things to Note

Important updates

Changes to HSBC Personal Loan from 1 November 2020

Changes to HSBC Personal Loan from 15 June 2020

Fees and charges

Credit limit assignment

Personal Line of Credit Debit Card

Frequently asked questions

Terms and Conditions

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