I am interested in
Instalment Plan (Personal Loan)
Fixed monthly repayment of up to 7 years
Personal Line of Credit
Convenient access to cash whenever you need
To check eligibility, click here
Get cashback of up to SGD3,600
Tenor (years) |
Equivalent Flat Interest Rate3 (p.a.) |
Applied/Effective Interest Rate4 (p.a.) |
---|---|---|
1-7 |
From 2.92% | From 5.50% |
Tenor (years) |
1-7 |
---|---|
Equivalent Flat Interest Rate3 (p.a.) |
From 2.92% |
Applied/Effective Interest Rate4 (p.a.) |
From 5.50% |
Approved tenor (subject to minimum approved loan amount of SGD10,000 and consent to receiving marketing materials) |
Cashback earned on approved loan amount |
---|---|
1 year |
Not applicable |
2 year | Not applicable |
3 year | 1.0% |
4 year | 1.5% |
5 year | 1.5% |
6 year | 2.0% |
7 year | 2.0% |
Approved tenor (subject to minimum approved loan amount of SGD10,000 and consent to receiving marketing materials) |
1 year |
---|---|
Cashback earned on approved loan amount |
Not applicable |
Approved tenor (subject to minimum approved loan amount of SGD10,000 and consent to receiving marketing materials) |
2 year |
Cashback earned on approved loan amount |
Not applicable |
Approved tenor (subject to minimum approved loan amount of SGD10,000 and consent to receiving marketing materials) |
3 year |
Cashback earned on approved loan amount |
1.0% |
Approved tenor (subject to minimum approved loan amount of SGD10,000 and consent to receiving marketing materials) |
4 year |
Cashback earned on approved loan amount |
1.5% |
Approved tenor (subject to minimum approved loan amount of SGD10,000 and consent to receiving marketing materials) |
5 year |
Cashback earned on approved loan amount |
1.5% |
Approved tenor (subject to minimum approved loan amount of SGD10,000 and consent to receiving marketing materials) |
6 year |
Cashback earned on approved loan amount |
2.0% |
Approved tenor (subject to minimum approved loan amount of SGD10,000 and consent to receiving marketing materials) |
7 year |
Cashback earned on approved loan amount |
2.0% |
Features & Benefits
- No processing fee.
- Instant cash disbursement1 upon approval.
- 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 5.50% 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
Features & benefits
- Approval in principle within 1 minute
- Get credit limit of up to SGD200,0006
- 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
- Disbursements to an HSBC bank account
- The promotional interest rate ranges from 2.92% p.a. (EIR 5.50% p.a.) to a maximum of 9.89% p.a. (EIR 16.5% p.a.) and is based on your personal credit profile and other factors determined by the Bank. HSBC Premier customer will enjoy promotional interest rate of 2.92% p.a. (EIR 5.50% 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 amount. - Terms and conditions apply.
- 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.