Personal Loans | Personal Line of Credit

HSBC SG
Loans
Personal Loans

A smart way to enjoy more financial flexibility

Need some extra cash? Borrow up to 8 times your monthly salary[@loans-credit-limit-assignment] at a promotional interest rate[@loans-promo-rates] as low as 2.2% p.a. (EIR 4.0% p.a.[@loans-personal-eir]). There are no processing fees, plus you can earn cashback on your loan.

Existing Premier customers can enjoy a promotional interest rate of 2.2% p.a. (EIR 4.0% p.a.)[@loans-promo-rates].

Who can apply? for a personal loan

Apply online right away – and if you already have an HSBC Personal Line of Credit, you won't need to submit supporting documents to apply for an Instalment Plan.

We'll disburse the money into your designated account right away, once you've been approved.

Pay it back in fixed monthly instalments over a tenor as short as 1 year or as long as 7 years.

Enjoy greater flexibility with more spending power within your repayment ability.

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The interest is calculated using the reducing balance method.

The calculation shown is indicative and for illustrative purposes only. It's based on an effective interest rate of 4.0% p.a.

Enjoy promotional interest rates

Get promotional interest rates[@loans-promo-rates] from as low as 2.2% p.a. (EIR 4.0% p.a.[@loans-personal-eir]). Premier customers can enjoy promotional interest rate of 2.2% p.a. (EIR 4.0% p.a.)[@loans-promo-rates].

Enjoy a personalised interest rate
Affordable monthly repayment for up to 7 years

Earn up to 2% cashback on your approved loan

You'll need to borrow at least SGD10,000 with a minimum tenor of 3 years and agree to receiving marketing messages to earn cashback[@loans-additional-tncs] from 1%.

Our cashback rates are as follows:

1 - 2 years: not applicable
3 years: 1%
4 - 5 years: 1.5%
6 - 7 years: 2.0%

Use Personal Line of Credit on your debit card

You can use your HSBC Personal Line of Credit on an HSBC debit card for even more seamless convenience.

Tap and pay with Visa payWave, NETS contactless payment and Apple Pay
Pay your bus and train fares on your HSBC debit card or Apple Pay with SimplyGo
Enjoy attractive offers across a range of categories including dining, movies, petrol, and more

What you need to know

Who can apply?

To apply for an HSBC Personal Line of Credit, you must be aged between 21 and 65, and have a minimum annual income of:

SGD30,000, if you're a salaried Singaporean or Permanent Resident
SGD40,000, if you're a self-employed or commission-based Singaporean or Permanent Resident
SGD60,000, if you're a foreigner residing in Singapore

If you're a foreigner, you'll also need to have an Employment Pass that's valid for at least 6 months to apply for a Personal Line of Credit, or 12 months if you apply for an Instalment Plan.

You can complete your application more quickly when you apply with Myinfo via Singpass.

But if you don't apply via Myinfo or we need more information from you, we'll ask you for additional documents.

The following table shows what you'll need to provide if you're a Singapore citizen or Permanent Resident (PR), depending on your source of income.
Document	Salaried employee	Commission-based earner	Self-employed
NRIC (front and back)
(A) Notice of Assessment and Central Provident Fund (CPF) Statement via Myinfo – Singpass log on required
(B) Latest 3 months' computerised pay slips and bank statements, showing salary crediting.	(if your monthly income exceeds S$7,400)
Latest 2 years' Notice of Assessment			(not required if (A) is provided)
Proof of billing address, if correspondence address is different from address on NRIC	Where applicable	Where applicable	Where applicable

You can complete your application more quickly when you apply with Myinfo via Singpass.

But if you don't apply via Myinfo or we need more information from you, we'll ask you for additional documents.

The following table shows what you'll need to provide if you're a Singapore citizen or Permanent Resident (PR), depending on your source of income.
Document	NRIC (front and back)
Salaried employee
Commission-based earner
Self-employed

Document	(A) Notice of Assessment and Central Provident Fund (CPF) Statement via Myinfo – Singpass log on required
Salaried employee
Commission-based earner
Self-employed

Document	(B) Latest 3 months' computerised pay slips and bank statements, showing salary crediting.
Salaried employee	(if your monthly income exceeds S$7,400)
Commission-based earner
Self-employed

Document	Latest 2 years' Notice of Assessment
Salaried employee
Commission-based earner
Self-employed	(not required if (A) is provided)

Document	Proof of billing address, if correspondence address is different from address on NRIC
Salaried employee	Where applicable
Commission-based earner	Where applicable
Self-employed	Where applicable

If you're a foreigner, please see the following table which shows what you'll need to provide, depending on your source of income.
Document	Salaried employee	Commission-based earner	Self-employed
Passport
Employment Pass or S Pass (with remaining validity of at least 6 months, or 1 year for Instalment Plan application)
(A) Notice of Assessment via Myinfo – Singpass log on required, or			Preferred
(B) Latest 3 months' computerised pay slips and bank statements, showing salary crediting.
(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: bank statements showing salary being credited from the last 3 months
Proof of billing address

If you're a foreigner, please see the following table which shows what you'll need to provide, depending on your source of income.
Document	Passport
Salaried employee
Commission-based earner
Self-employed

Document	Employment Pass or S Pass (with remaining validity of at least 6 months, or 1 year for Instalment Plan application)
Salaried employee
Commission-based earner
Self-employed

Document	(A) Notice of Assessment via Myinfo – Singpass log on required, or
Salaried employee
Commission-based earner
Self-employed	Preferred

Document	(B) Latest 3 months' computerised pay slips and bank statements, showing salary crediting.
Salaried employee
Commission-based earner
Self-employed

Document	(C) Latest 1 year Notice of Assessment with latest 1 month's computerised pay slip
Salaried employee
Commission-based earner
Self-employed

Document	Latest 2 years' Notice of Assessment
Salaried employee
Commission-based earner
Self-employed	(not required if (A) is provided)

Document	S Pass holders: bank statements showing salary being credited from the last 3 months
Salaried employee
Commission-based earner
Self-employed

Document	Proof of billing address
Salaried employee
Commission-based earner
Self-employed

For an HSBC Personal Line of Credit, you should take note of the following fees and charges:

Personal Line of Credit prevailing interest rate: 22.9% p.a. (a minimum of SGD10 per month applies)
Minimum monthly repayment: 3% of your outstanding balance or SGD15, whichever is higher
Annual fee: SGD120 (waived for your first year)
Late payment charge: SGD120
Early repayment fee (Personal Line of Credit Instalment Plan): 2.5% of redemption amount.

For a full list of fees and charges, refer to our Fees and charges (PDF).

Get an Instalment Plan (Personal Loan)

Apply online in minutes

Apply online if you do not have an existing HSBC Personal Line of Credit. You will need a Personal Line of Credit account to apply for Instalment Plan (Personal Loan).

Apply online for an Instalment Plan (Personal Loan) This link will open in a new window

Existing customers

If you already have an HSBC Personal Line of Credit, you may fill in this form to apply for Instalment Plan (Personal Loan).

Download form (PDF) to apply for personal loan This link will open in a new window

Complete your application by uploading supporting documents and / or CPF statement.

You can also apply for loans by SMS to 74722. Here's what to include in your SMS, depending on the type of loan you want to apply for:

Instalment Plan (Personal Loan):

PIP<space>NAME<space>12-digit Personal Line of Credit account number

Balance Transfer:

PLOCBT<space>NAME<space>12-digit Personal Line of Credit account number

Personal Line of Credit:

PLOC<space>NAME

We'll contact you within 3 working days.

If you prefer to apply over the phone, call us on 1800 4722 669.

Leave us your contact details and we'll be in touch within 3 working days during office hours.

Or complete our product query form and we'll call you back.

Get an HSBC Personal Line of Credit

Apply online in minutes

You can apply online for an HSBC Personal Line of Credit. You'll need your supporting documents handy.

Apply online for an HSBC Personal Line of Credit This link will open in a new window

Upload supporting documents

Go to our document upload page to attach supporting documents to your application. Or if you're a Singpass user, you can do so via Myinfo.

Upload documents to apply This link will open in a new window

Enjoy more financial freedom with access to extra cash from your credit limit, at lower rates.

Split big purchases into smaller repayments for greater financial flexibility.

Convert the available limit on your credit card into cash, and repay it in affordable monthly instalments.

Notes

Please note that any credit balances in your Personal Line of Credit Account is not insured under Singapore Deposit Insurance Corporation.

Personal Loan

A smart way to enjoy more financial flexibility

What you get with an HSBC personal loan

Easy, hassle-free application

Instant cash upon approval

Fixed monthly repayments

Free up your credit limit upon repayment

dpws-tools-calculator-creator

Enjoy promotional interest rates

Earn up to 2% cashback on your approved loan

Use Personal Line of Credit on your debit card

What you need to know

Who can apply?

Supporting documents required for application

General and promotional terms and conditions

Fees and charges

Get an Instalment Plan (Personal Loan)

Apply online in minutes

Existing customers

To upload supporting documents

Apply by SMS

Other ways to apply

Personal loan frequently asked questions

Get an HSBC Personal Line of Credit

Apply online in minutes

Upload supporting documents

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