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Apply now for HSBC Personal Loan

Personal Loans

Enjoy promotional interest rate and cashback.

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

Enjoy promotional interest rates1 from as low as 4.0% p.a. (EIR 7.5% p.a.2) with no processing fee.

Existing Premier customers can enjoy a preferential interest rate of 3.4% p.a. (EIR 6.5% p.a.)1
Tenor (years)
 Equivalent Flat Interest Rate2 (p.a.)
 Applied/Effective Interest Rate3 (p.a.)
1-7
 From 4.0%
 From 7.5%

Enjoy promotional interest rates1 from as low as 4.0% p.a. (EIR 7.5% p.a.2) with no processing fee.

Existing Premier customers can enjoy a preferential interest rate of 3.4% p.a. (EIR 6.5% p.a.)1
Tenor (years)
 1-7
Equivalent Flat Interest Rate2 (p.a.)
 From 4.0%
Applied/Effective Interest Rate3 (p.a.)
 From 7.5%
Here is the illustration of the cashback promotion:
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
Here is the illustration of the cashback promotion:
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 7.5% 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

Attractive interest rates:
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)
Attractive interest rates:
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

Here's how much you can save based on a balance transfer amount of SGD6,700.
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!)
Here's how much you can save based on a balance transfer amount of SGD6,700.
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

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

Overview

HSBC Personal Line of Credit gives you extra cash of up to 8 times7 your monthly salary with low daily interest rate of 0.06%8.

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

Are you eligible?

To apply for a HSBC Personal Line of Credit, you must meet the following requirements:

  • Between 21 and 65 year of age
  • Annual income of SGD30,000 for salaried or SGD40,000 for self-employed or commission-based Singapore Citizens and Permanent Residents
  • Annual income of SGD40,000 and employment pass with validity of at least 6 months for foreigners
Required supporting document for Singaporean/ Permanent Resident
Document
 For salaried employees
 For commission-based earners
 For self-employed
Completed and signed Letter of Instruction
      
NRIC (front and back)
      

(A) Notice of Assessment and CPF Statement via Myinfo

(Singpass login required)

  
  

Preferred
(B) Latest 3 months' computerised pay slips

 

(if your monthly income exceeds S$6,000)

  
  
Latest 2 years' Notice of Assessment
  
  

 

(not required if (A) is provided)

Proof of billing address

(for correspondence address using office address or home address which is different from the address on NRIC)

 Where applicable
 Where applicable
 Where applicable
Required supporting document for Singaporean/ Permanent Resident
Document
 Completed and signed Letter of Instruction
For salaried employees
  
For commission-based earners
  
For self-employed
  
Document
 NRIC (front and back)
For salaried employees
  
For commission-based earners
  
For self-employed
  
Document

(A) Notice of Assessment and CPF Statement via Myinfo

(Singpass login required)
For salaried employees
  
For commission-based earners
  
For self-employed

Preferred
Document
 (B) Latest 3 months' computerised pay slips
For salaried employees

 

(if your monthly income exceeds S$6,000)
For commission-based earners
  
For self-employed
  
Document
 Latest 2 years' Notice of Assessment
For salaried employees
  
For commission-based earners
  
For self-employed

 

(not required if (A) is provided)
Document

Proof of billing address

(for correspondence address using office address or home address which is different from the address on NRIC)
For salaried employees
 Where applicable
For commission-based earners
 Where applicable
For self-employed
 Where applicable

Singaporean/ Permanent Resident 

Foreigner 

Things to Note

Fees and charges 

Credit limit assignment 

Personal Line of Credit Debit Card 

Frequently asked questions 

Notes

  1. The promotional interest rate ranges from 4.0% p.a. (EIR 7.5% 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 3.4% p.a. (EIR 6.5% p.a.).
  2. 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.
  3. 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.
  4. Terms and conditions apply.
  5. 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.
  6. Savings when compared to interest rate of 25% p.a. typically charged on other credit cards.
  7. Refer to Credit limit assignment.
  8. 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.