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Woman using mobile phone in yoga mat; image used for HSBC Singapore Personal Loans.

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: get an additional SGD100 in GrabFood vouchers6

Get SGD100 in GrabFood vouchers when you take a minimum SGD10,000 Personal Line of Credit Instalment Plan with a tenor of at least 2 years. For a limited time only.

Promotional offers - get cashback of up to SGD3,100

Enjoy promotional interest rates1 from as low as 3.4% p.a. (EIR2 6.5% p.a.) with no processing fee.
Existing Premier customers can enjoy a preferential interest rate of 3.0% pa (EIR 5.5% pa)¹.

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.
Existing Premier customers can enjoy a preferential interest rate of 3.0% pa (EIR 5.5% pa)¹.

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

Apply online and get cashback of up to SGD3,1006 on approval.

Promotional offers

Cashback6

Personal Line of Credit cashback promotion

SGD50
Personal Line of Credit and Instalment Plan – online promotion
SGD50

Personal Line of Credit Instalment Plan cashback promotion

 

For approved loan amount of:

  • SGD40,000 and more – 1.5% of approved loan amount
  • less than SGD40,000 – 1% of approved loan amount
Up to SGD3,000
Total Cashback
Up to SGD3,100

Apply online and get cashback of up to SGD3,1006 on approval.

Promotional offers

Personal Line of Credit cashback promotion

Cashback6

SGD50
Promotional offers
Personal Line of Credit and Instalment Plan – online promotion

Cashback6

SGD50
Promotional offers

Personal Line of Credit Instalment Plan cashback promotion

 

For approved loan amount of:

  • SGD40,000 and more – 1.5% of approved loan amount
  • less than SGD40,000 – 1% of approved loan amount

Cashback6

Up to SGD3,000
Promotional offers
Total Cashback

Cashback6

Up to SGD3,100

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).

6Terms and conditions apply.

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.