Instalment plan | Personal Line of Credit

Promotional offers

Enjoy promotional interest rates¹ from as low as 3.7% p.a. (EIR² 7.0% p.a.) with no processing fee.
Tenor (years)	Equivalent Flat Interest Rate² (p.a.)	Applied/Effective Interest Rate³ (p.a.)
1-7	From 3.7%	From 7.0%

Enjoy promotional interest rates¹ from as low as 3.7% p.a. (EIR² 7.0% p.a.) with no processing fee.
Tenor (years)	1-7
Equivalent Flat Interest Rate² (p.a.)	From 3.7%
Applied/Effective Interest Rate³ (p.a.)	From 7.0%

¹The promotional interest rate of 3.7% p.a. (EIR 7.0% p.a.) to 8.2% p.a. (EIR 14.0% p.a.) is based on your personal credit profile and other factors determined by the Bank. Terms and Conditions apply.

²Effective 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.

³Equivalent 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).

How much can you expect to repay each month?

Interest is calculated using the reducing balance method.

Calculation shown above is indicative and for illustrative purposes only based on effective interest rate of 7% p.a.

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

Existing to HSBC Personal Line of Credit?

Apply now about Personal Line of Credit Instalment Plan Application Form This link will open in a new window

If you do not have an existing HSBC Personal Line of Credit

Apply here about HSBC Personal Loans Application Form. 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

Changes to HSBC Personal Loan from 15 June 2020

We have enhanced our Personal Loans to give you a better experience. These are the changes that will take place with effect from 15 June 2020:

HSBC Personal Loan will be re-named as HSBC Personal Instalment Loan.
If you would like to apply for a personal loan, HSBC Personal Line of Credit (with the option of instalment plan or balance transfer) will be offered.
For instances where the HSBC Personal Line of Credit Instalment Plan is not offered, we may, at our discretion, offer an HSBC Personal Instalment Loan instead, and a Statement Savings account will be opened to facilitate monthly repayments.

Processing fee: 1% of approved instalment plan amount, subject to a minimum of SGD88.
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.)⁴	Applied Interest Rate (p.a.)	Effective Interest Rate (p.a.)⁵
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.)⁴	7.7%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)⁵	15.9%

Tenor (years)	2
Equivalent Flat Interest Rate (p.a.)⁴	7.6%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)⁵	15.0%

Tenor (years)	3
Equivalent Flat Interest Rate (p.a.)⁴	7.7%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)⁵	14.7%

Tenor (years)	4
Equivalent Flat Interest Rate (p.a.)⁴	7.8%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)⁵	14.6%

Tenor (years)	5
Equivalent Flat Interest Rate (p.a.)⁴	7.9%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)⁵	14.5%

Tenor (years)	6
Equivalent Flat Interest Rate (p.a.)⁴	8.1%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)⁵	14.4%

Tenor (years)	7
Equivalent Flat Interest Rate (p.a.)⁴	8.2%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)⁵	14.3%

For instalment plan amount between SGD12,000 and less than SGD25,000
Tenor (years)	Equivalent Flat Interest Rate (p.a.)⁴	Applied Interest Rate (p.a.)	Effective Interest Rate (p.a.)⁵
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 SGD12,000 and less than SGD25,000
Tenor (years)	1
Equivalent Flat Interest Rate (p.a.)⁴	7.2%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)⁵	14.9%

Tenor (years)	2
Equivalent Flat Interest Rate (p.a.)⁴	7.1%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)⁵	14.0%

Tenor (years)	3
Equivalent Flat Interest Rate (p.a.)⁴	7.1%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)⁵	13.7%

Tenor (years)	4
Equivalent Flat Interest Rate (p.a.)⁴	7.2%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)⁵	13.5%

Tenor (years)	5
Equivalent Flat Interest Rate (p.a.)⁴	7.3%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)⁵	13.5%

Tenor (years)	6
Equivalent Flat Interest Rate (p.a.)⁴	7.4%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)⁵	13.4%

Tenor (years)	7
Equivalent Flat Interest Rate (p.a.)⁴	7.5%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)⁵	13.3%

For instalment plan amount of SGD25,000 and above
Tenor (years)	Equivalent Flat Interest Rate (p.a.)⁴	Applied Interest Rate (p.a.)	Effective Interest Rate (p.a.)⁵
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 SGD25,000 and above
Tenor (years)	1
Equivalent Flat Interest Rate (p.a.)⁴	6.6%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)⁵	13.9%

Tenor (years)	2
Equivalent Flat Interest Rate (p.a.)⁴	6.5%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)⁵	13.0%

Tenor (years)	3
Equivalent Flat Interest Rate (p.a.)⁴	6.5%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)⁵	12.7%

Tenor (years)	4
Equivalent Flat Interest Rate (p.a.)⁴	6.6%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)⁵	12.5%

Tenor (years)	5
Equivalent Flat Interest Rate (p.a.)⁴	6.7%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)⁵	12.4%

Tenor (years)	6
Equivalent Flat Interest Rate (p.a.)⁴	6.8%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)⁵	12.4%

Tenor (years)	7
Equivalent Flat Interest Rate (p.a.)⁴	6.9%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)⁵	12.3%

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

Personal Line of Credit Instalment Plan FAQ (PDF) Download

Personal Line of Credit General and Promotion Terms and Conditions (PDF) Download

⁴Equivalent 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).

⁵Effective 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.

HSBC Personal Line of Credit Instalment Plan

Promotional offers

How much can you expect to repay each month?

dpws-tools--l-m-r-calculator

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