Instalment plan | Personal Line of Credit

As a Personal Line of Credit customer, you may convert your credit limit to an instalment loan at an attractive interest rate, up to a maximum of 90% of your available credit limit.

Promotional interest rates¹:
Tenor (years)	Equivalent Flat Interest Rate (p.a.)²	Applied/Effective Interest Rate (p.a.)³	Processing fee⁴
1-2	4.8%	9%	Waived
3-7	3.7%	7%	Waived

Promotional interest rates¹:
Tenor (years)	1-2
Equivalent Flat Interest Rate (p.a.)²	4.8%
Applied/Effective Interest Rate (p.a.)³	9%
Processing fee⁴	Waived

Tenor (years)	3-7
Equivalent Flat Interest Rate (p.a.)²	3.7%
Applied/Effective Interest Rate (p.a.)³	7%
Processing fee⁴	Waived

Receive S$100 cashback¹ upon approval.

¹Terms and conditions apply.

²Flat 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).

³Effective Interest Rate (EIR) is inclusive of processing fee computed based on 1% of approved instalment plan amount, subject to a minimum of S$88, where applicable. The Bank will apply the Applied Interest Rate (net processing fee) on the instalment plan amount on a reducing balance method.

⁴Fees and charges apply.

Features & benefits

Supporting documents are not required.
Fixed monthly repayments with choice of tenor between 1 and 7 years.
Reinstatement of available credit limit upon monthly repayment.

Apply now for a HSBC Personal Line of Credit Instalment Plan

Apply online

Apply now and submit your form here.

Apply now for a HSBC Personal Line of Credit Instalment Plan This link will open in a new window

Apply by SMS

Simply SMS PIP<space>NAME<space>12-digit Personal Line of Credit account number 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).

Things to Note

Processing fee: 1% of approved instalment plan amount, subject to a minimum of S$88.
Early repayment fee: 2.5% of the redemption amount.
Other fees and charges applicable to HSBC Personal Line of Credit applies.

Note: Monthly instalment amount will be subjected to prevailing interest rate if it is not repaid by due date.

For instalment plan amount of less than $12,000
Tenor (years)	Equivalent Flat Interest Rate (p.a.)¹	Applied Interest Rate (p.a.)	Effective Interest Rate (p.a.)²
1	7.7%	14%	15.9%
2	7.6%	14%	15.0%
3	7.7%	14%	14.7%
4	7.8%	14%	14.6%
5	7.9%	14%	14.5%
6	8.1%	14%	14.4%
7	8.2%	14%	14.3%

For instalment plan amount of less than $12,000
Tenor (years)	1
Equivalent Flat Interest Rate (p.a.)¹	7.7%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)²	15.9%

Tenor (years)	2
Equivalent Flat Interest Rate (p.a.)¹	7.6%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)²	15.0%

Tenor (years)	3
Equivalent Flat Interest Rate (p.a.)¹	7.7%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)²	14.7%

Tenor (years)	4
Equivalent Flat Interest Rate (p.a.)¹	7.8%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)²	14.6%

Tenor (years)	5
Equivalent Flat Interest Rate (p.a.)¹	7.9%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)²	14.5%

Tenor (years)	6
Equivalent Flat Interest Rate (p.a.)¹	8.1%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)²	14.4%

Tenor (years)	7
Equivalent Flat Interest Rate (p.a.)¹	8.2%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)²	14.3%

For instalment plan amount between S$12,000 and less than S$25,000
Tenor (years)	Equivalent Flat Interest Rate (p.a.)¹	Applied Interest Rate (p.a.)	Effective Interest Rate (p.a.)²
1	7.2%	13%	14.9%
2	7.1%	13%	14.0%
3	7.1%	13%	13.7%
4	7.2%	13%	13.5%
5	7.3%	13%	13.5%
6	7.4%	13%	13.4%
7	7.5%	13%	13.3%

For instalment plan amount between S$12,000 and less than S$25,000
Tenor (years)	1
Equivalent Flat Interest Rate (p.a.)¹	7.2%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)²	14.9%

Tenor (years)	2
Equivalent Flat Interest Rate (p.a.)¹	7.1%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)²	14.0%

Tenor (years)	3
Equivalent Flat Interest Rate (p.a.)¹	7.1%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)²	13.7%

Tenor (years)	4
Equivalent Flat Interest Rate (p.a.)¹	7.2%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)²	13.5%

Tenor (years)	5
Equivalent Flat Interest Rate (p.a.)¹	7.3%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)²	13.5%

Tenor (years)	6
Equivalent Flat Interest Rate (p.a.)¹	7.4%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)²	13.4%

Tenor (years)	7
Equivalent Flat Interest Rate (p.a.)¹	7.5%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)²	13.3%

For instalment plan amount of S$25,000 and above
Tenor (years)	Equivalent Flat Interest Rate (p.a.)¹	Applied Interest Rate (p.a.)	Effective Interest Rate (p.a.)²
1	6.6%	12%	13.9%
2	6.5%	12%	13.0%
3	6.5%	12%	12.7%
4	6.6%	12%	12.5%
5	6.7%	12%	12.4%
6	6.8%	12%	12.4%
7	6.9%	12%	12.3%

For instalment plan amount of S$25,000 and above
Tenor (years)	1
Equivalent Flat Interest Rate (p.a.)¹	6.6%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)²	13.9%

Tenor (years)	2
Equivalent Flat Interest Rate (p.a.)¹	6.5%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)²	13.0%

Tenor (years)	3
Equivalent Flat Interest Rate (p.a.)¹	6.5%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)²	12.7%

Tenor (years)	4
Equivalent Flat Interest Rate (p.a.)¹	6.6%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)²	12.5%

Tenor (years)	5
Equivalent Flat Interest Rate (p.a.)¹	6.7%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)²	12.4%

Tenor (years)	6
Equivalent Flat Interest Rate (p.a.)¹	6.8%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)²	12.4%

Tenor (years)	7
Equivalent Flat Interest Rate (p.a.)¹	6.9%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)²	12.3%

¹Flat 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).

²Effective Interest Rate (EIR) is inclusive of processing fee computed based on 1% of approved instalment plan amount, subject to a minimum of S$88, where applicable. The Bank will apply the Applied Interest Rate (net processing fee) on the instalment plan amount on a reducing balance method.

Find answers to frequency asked questions on HSBC Personal Line of Credit Instalment Plan.

Personal Line of Credit Instalment Plan FAQ (PDF) Download

HSBC Personal Line of Credit Instalment Plan

Features & benefits

Apply now for a HSBC Personal Line of Credit Instalment Plan

Apply online

Apply by SMS

Apply by phone

Things to Note

Fees and charges

Prevailing Interest Rates

Frequently asked questions

Terms and Conditions