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Personal Line of Credit – Balance Transfer

Attractive offers for a limited time only

Whether it’s to finance your personal goals or pay your outstanding credit card bills, you can now fulfil them with cash from HSBC Personal Line of Credit Balance Transfer.

Interest rates:

Repayment Period
6 months1
12 months1
For Amount < S$10,000
0% p.a. with processing fee of 1.38% (EIR 3% p.a.2)
4.88% p.a. with no processing fee (EIR 4.88% p.a.2)
For Amount ≥S$10,000
0% p.a. with processing fee of 1.00% (EIR 2.17% p.a.2)
4.88% p.a. with no processing fee (EIR 4.88% p.a.2)
Repayment Period
For Amount < S$10,000
6 months1
0% p.a. with processing fee of 1.38% (EIR 3% p.a.2 )
12 months1
4.88% p.a. with no processing fee (EIR 4.88% p.a.2 )
Repayment Period
For Amount ≥S$10,000
6 months1
0% p.a. with processing fee of 1.00% (EIR 2.17% p.a.2 )
12 months1
4.88% p.a. with no processing fee (EIR 4.88% p.a.2 )

Illustration

Here's how much you can save based on a balance transfer amount of S$6,700.

Example 6 months 12 months
Interest payable with other banks' credit card at 25% p.a. S$838 S$1,675
Transfer funds with personal line of credit balance transfer 0% p.a. (EIR at 3% p.a.2) 4.88% p.a. (EIR at 4.88% p.a.2)

Interest payable with balance transfer S$0 S$327
Upfront processing fee S$138 (1.38%) Waived
Save up to S$7003 (83% savings!) S$1,3483 (up to 80% savings!)
Example Interest payable with other banks' credit card at 25% p.a.
6 months S$838
12 months S$1,675
Example Transfer funds with personal line of credit balance transfer
6 months 0% p.a. (EIR at 3% p.a.2 )
12 months 4.88% p.a. (EIR at 4.88% p.a.2 )

Example Interest payable with balance transfer
6 months S$0
12 months S$327
Example Upfront processing fee
6 months S$138 (1.38%)
12 months Waived
Example Save up to
6 months S$7003 (83% savings!)
12 months S$1,3483 (up to 80% savings!)

Note: Figures have been simplified for illustration purposes. Upon expiration of the application promotion tenor, the applicable prevailing interest rate will be chargeable on the outstanding balance transfer amount.

1 Terms and conditions apply.

2 The Effective Interest Rate (EIR) is calculated based on an approved balance transfer of S$6,700 with 3% monthly minimum payment and full payment of the balance transfer amount outstanding at the end of the promotion period. EIR is subjected to compounding if the monthly finance charges are not paid in full.

3 Savings when compared to interest rate of 25% p.a. typically charged on other credit cards.

 

Apply now for a HSBC Personal Line of Credit Balance Transfer

Apply online

Apply now and upload your Enrolment Form via hsbc.com.sg/upload.

Note: Enrolment form will be printable at the last page of your application.

 

Apply via Personal Internet Banking (PIB) - Enrolment Form not required.

Apply by SMS

Simply SMS 

PLOCBT <space> NAME <space> NRIC to 74722.

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

Apply by phone

Simply contact us on 1800-HSBC NOW (4722 669)

Or leave us your contact details and we will be in touch within 3 working days (during office hours).