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HSBC Personal Line of Credit

Be ready for life's changes and set your mind at ease with your own 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)
Retail Banking customers 18.5% 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
Retail Banking customers
Interest rate3
18.5% 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.

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.

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

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

Apply online

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

Apply via online banking

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

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.

Credit Limit Review

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

Things to Note

Important updates

With effect from 24 June 2022, the prevailing interest rate for HSBC Personal Line of Credit will be revised to 20.9% p.a.. Interest is calculated on a daily basis on the outstanding balance, subject to a minimum of SGD10 per month.

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