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Personal Loans - Personal Line of Credit Instalment Plan

Enjoy promotional interest rates from as low as 3.4% p.a. (EIR 6.5% p.a.) with no processing fee.

Flash Sale – Exclusive to HSBC Premier customers and online applicants

Get up to SGD2,0006 on your approved loan amount. Submit your application by 25 April 2021.

Approved Loan Amount
Tenor (years)
1% Cashback
SGD20,000
2-7
SGD200
SGD200,000
2-7
SGD2,000
SGD200,000
1 No cashback

Get up to SGD2,0006 on your approved loan amount. Submit your application by 25 April 2021.

Approved Loan Amount
SGD20,000
Tenor (years)
2-7
1% Cashback
SGD200
Approved Loan Amount
SGD200,000
Tenor (years)
2-7
1% Cashback
SGD2,000
Approved Loan Amount
SGD200,000
Tenor (years)
1
1% Cashback
No cashback

6Cashback is based on 1% of your approved loan amount, capped at SGD2,000. Terms & conditions apply

Promotional offers

Enjoy promotional interest rates1 from as low as 3.4% p.a. (EIR2 6.5% p.a.) with no processing fee.

Tenor (years)
Equivalent Flat Interest Rate2 (p.a.)
Applied/Effective Interest Rate3 (p.a.)
1-7
From 3.4%
From 6.5%

Enjoy promotional interest rates1 from as low as 3.4% p.a. (EIR2 6.5% p.a.) with no processing fee.

Tenor (years)
1-7
Equivalent Flat Interest Rate2 (p.a.)
From 3.4%
Applied/Effective Interest Rate3 (p.a.)
From 6.5%

1The promotional interest rate ranges from 3.4% p.a. (EIR 6.5% p.a.) to a maximum of 8.2% p.a. (EIR 14.0% 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.

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).

Calculate the monthly instalment of your personal loan

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.

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?

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

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.

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.

6Terms & condition apply.