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

Submit Income and CPF statement using MyInfo (For Singpass users only)

For salaried employees:

Photocopy of NRIC (front and back)
Latest 3 months' computerised payslips OR latest Notice of Assessment with latest 1 month's payslip OR latest 6 months' CPF statement

For self-employed/commission-based earners:

Photocopy of NRIC (front and back)
Last 2 years' Notice of Assessment

For foreigners:

Passport
Employment Pass (with validity of at least one year)
Latest 3 months' computerised payslips OR latest Notice of Assessment with latest 1 month's payslip OR latest 6 months' CPF statement1

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.

You will need the following:

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

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

Upload your supporting documents for your application Submit Income and CPF statement using MyInfo (For Singpass users only) This link will open in a new window

Apply by SMS

Simply SMS
PLOC<space>NAME to 74722.

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

Need assistance with your application?

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

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

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?

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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