I am interested in
Instalment Plan (Personal Loan)
Fixed monthly repayment of up to 7 years
Balance Transfer
Flexible monthly repayment of up to 12 months
Personal Line of Credit
Convenient access to cash whenever you need
To check eligibility, click here
Promotional offers – get cashback of up to SGD3,000
| Tenor (years) |
Equivalent Flat Interest Rate2 (p.a.) |
Applied/Effective Interest Rate3 (p.a.) |
|---|---|---|
| 1-7 |
From 3.6% |
From 6.5% |
| Tenor (years) |
1-7 |
|---|---|
| Equivalent Flat Interest Rate2 (p.a.) |
From 3.6% |
| Applied/Effective Interest Rate3 (p.a.) |
From 6.5% |
| Personal Line of Credit Instalment Plan Promotion (subject to minimum approved loan amount of SGD10,000 and tenor of at least 3 years) |
Cashback earned on approved loan amount |
|---|---|
Cashback earned |
1.0% |
Digital Exclusive – additional Cashback |
0.5% |
| Total Cashback |
Up to 1.5% or SGD3,000 |
| Personal Line of Credit Instalment Plan Promotion (subject to minimum approved loan amount of SGD10,000 and tenor of at least 3 years) |
Cashback earned |
|---|---|
Cashback earned on approved loan amount |
1.0% |
| Personal Line of Credit Instalment Plan Promotion (subject to minimum approved loan amount of SGD10,000 and tenor of at least 3 years) |
Digital Exclusive – additional Cashback |
Cashback earned on approved loan amount |
0.5% |
| Personal Line of Credit Instalment Plan Promotion (subject to minimum approved loan amount of SGD10,000 and tenor of at least 3 years) |
Total Cashback |
Cashback earned on approved loan amount |
Up to 1.5% or SGD3,000 |
Features & Benefits
- Fixed monthly repayments with choice of tenor between 1 and 7 years.
- Reinstatement of available credit limit upon monthly repayment.
- If you have an existing HSBC Personal Line of Credit - supporting documents are not required.
dpws-tools-calculator-creator
Interest is calculated using the reducing balance method.
Calculation shown above is indicative and for illustrative purposes only based on effective interest rate of 6.5% p.a.
Apply now for Instalment Plan (Personal Loan)
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)
Existing to HSBC Personal Line of Credit
Balance Transfer
| Repayment Period | 6 months4 | 12 months4 |
|---|---|---|
| For Amount < SGD10,000 | 0% p.a. with processing fee of 2.50% (EIR 5.47% p.a.5) | 4.88% p.a. with no processing fee (EIR 4.88% p.a.5) |
| For Amount ≥SGD10,000 | 0% p.a. with processing fee of 1.50% (EIR 3.26% p.a.5) | 4.88% p.a. with no processing fee (EIR 4.88% p.a.5) |
| Repayment Period | For Amount < SGD10,000 |
|---|---|
| 6 months4 | 0% p.a. with processing fee of 2.50% (EIR 5.47% p.a.5) |
| 12 months4 | 4.88% p.a. with no processing fee (EIR 4.88% p.a.5) |
| Repayment Period | For Amount ≥SGD10,000 |
| 6 months4 | 0% p.a. with processing fee of 1.50% (EIR 3.26% p.a.5) |
| 12 months4 | 4.88% p.a. with no processing fee (EIR 4.88% p.a.5) |
Features & benefits
- Flexible repayments with choice of tenor between 6 months or 12 months
- Reinstatement of available credit limit upon monthly repayment
- If you have an existing HSBC Personal Line of Credit - Supporting documents are not required
Illustration
| Example | 6 months | 12 months |
|---|---|---|
| Interest payable with other banks' credit card at 25% p.a. | SGD838 | SGD1,675 |
| Transfer funds with personal line of credit balance transfer | 0% p.a. (EIR at 5.47% p.a.5) | 4.88% p.a. (EIR at 4.88% p.a.5) |
| Interest payable with balance transfer | SGD0 | SGD327 |
| Upfront processing fee | SGD167 (2.5%) | Waived |
| Save up to | SGD6716 (80% savings!) | SGD1,3486 (up to 80% savings!) |
| Example | Interest payable with other banks' credit card at 25% p.a. |
|---|---|
| 6 months | SGD838 |
| 12 months | SGD1,675 |
| Example | Transfer funds with personal line of credit balance transfer |
| 6 months | 0% p.a. (EIR at 5.47% p.a.5) |
| 12 months | 4.88% p.a. (EIR at 4.88% p.a.5) |
| Example | Interest payable with balance transfer |
| 6 months | SGD0 |
| 12 months | SGD327 |
| Example | Upfront processing fee |
| 6 months | SGD167 (2.5%) |
| 12 months | Waived |
| Example | Save up to |
| 6 months | SGD6716 (80% savings!) |
| 12 months | SGD1,3486 (up to 80% savings!) |
Apply now for a Balance Transfer
If you do not have an existing HSBC Personal Line of Credit
Existing to HSBC Personal Line of Credit?
Note: Enrolment form will be printable at the last page of your application.
Features & benefits
- Approval in principle within 1 minute
- Get credit limit of up to SGD200,0007
- 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
Apply now for Personal Line of Credit
Life won't wait. Take the first step towards greater things in life with extra cash today.
Other forms of application
Apply by SMS
Instalment Plan (Personal Loan)
Simply SMS PIP<space>NAME<space>12-digit Personal Line of Credit account number to 74722.
Balance Transfer
Simply SMS PLOCBT <space> NAME <space> 12-digit Personal Line of Credit account number to 74722.
Personal Line of Credit
Simply SMS PLOC<space>NAME 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)
Leave us your contact details and we will be in touch within 3 working days (during office hours).
Eligibility and Supporting Documents
Things to Note
Notes
- The promotional interest rate ranges from 3.6% p.a. (EIR 6.5% p.a.) to a maximum of 8.9% p.a. (EIR 15.0% p.a.) is based on your personal credit profile and other factors determined by the Bank. HSBC Premier customer will enjoy promotional interest rate of 3.0% p.a. (EIR 5.5% p.a.). Terms and conditions apply.
- Effective Interest Rate (EIR) is inclusive of processing fee computed based on 1% of approved instalment plan amount, subject to a minimum of SGD88, where applicable. The Bank will apply the Applied Interest Rate (net processing fee) on the instalment plan amount on a reducing balance method.
- Equivalent flat interest rate is for reference only and is based on a front-end add-on calculation method (Interest = instalment plan principal x flat interest rate x instalment plan tenor).
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. - Terms and conditions apply.
- The Effective Interest Rate (EIR) is calculated based on an approved balance transfer of SGD6,700 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.
- Savings when compared to interest rate of 25% p.a. typically charged on other credit cards.
- Refer to Credit limit assignment.
- Daily interest of 0.06% is calculated based on 365 days at the prevailing interest rate of 20.9% p.a. Interest is subjected to compounding if the monthly debit interest is not paid in full.