Instalment plan | Personal Line of Credit

Promotional offers

Sign up for HSBC Personal Line of Credit Instalment Plan.

Sign-up gift: Receive SGD108 cashback¹ upon approval.

Also, enjoy the following promotional interest rates:
Tenor (years)	Equivalent Flat Interest Rate (p.a.)²	Applied/Effective Interest Rate (p.a.)³	Processing fee⁴
1-2	4.8%	9%	Waived
3-7	3.7%	7%	Waived

Also, enjoy the following promotional interest rates:
Tenor (years)	1-2
Equivalent Flat Interest Rate (p.a.)²	4.8%
Applied/Effective Interest Rate (p.a.)³	9%
Processing fee⁴	Waived

Tenor (years)	3-7
Equivalent Flat Interest Rate (p.a.)²	3.7%
Applied/Effective Interest Rate (p.a.)³	7%
Processing fee⁴	Waived

¹Terms and conditions apply.

²Flat 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).

³Effective 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.

⁴Fees and charges apply.

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.

How much can you expect to repay each month?

Enter the amount you would like to borrow to find out how much you would pay on a personal line of credit instalment plan.

Interest is calculated using the reducing balance method.

Calculation shown above is indicative and for illustrative purposes only.

Promotional rate of 7% p.a. is only applicable to customers who are taking up a loan with tenor between 3 - 7 years.

General and Promotions terms & conditions apply.

Apply now for a HSBC Personal Line of Credit Instalment Plan

Apply online

Apply now and submit your form here.

Apply now for a HSBC Personal Line of Credit Instalment Plan 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

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.)¹	Applied Interest Rate (p.a.)	Effective Interest Rate (p.a.)²
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.)¹	7.7%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)²	15.9%

Tenor (years)	2
Equivalent Flat Interest Rate (p.a.)¹	7.6%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)²	15.0%

Tenor (years)	3
Equivalent Flat Interest Rate (p.a.)¹	7.7%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)²	14.7%

Tenor (years)	4
Equivalent Flat Interest Rate (p.a.)¹	7.8%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)²	14.6%

Tenor (years)	5
Equivalent Flat Interest Rate (p.a.)¹	7.9%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)²	14.5%

Tenor (years)	6
Equivalent Flat Interest Rate (p.a.)¹	8.1%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)²	14.4%

Tenor (years)	7
Equivalent Flat Interest Rate (p.a.)¹	8.2%
Applied Interest Rate (p.a.)	14%
Effective Interest Rate (p.a.)²	14.3%

For instalment plan amount between SGD12,000 and less than SGD25,000
Tenor (years)	Equivalent Flat Interest Rate (p.a.)¹	Applied Interest Rate (p.a.)	Effective Interest Rate (p.a.)²
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.)¹	7.2%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)²	14.9%

Tenor (years)	2
Equivalent Flat Interest Rate (p.a.)¹	7.1%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)²	14.0%

Tenor (years)	3
Equivalent Flat Interest Rate (p.a.)¹	7.1%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)²	13.7%

Tenor (years)	4
Equivalent Flat Interest Rate (p.a.)¹	7.2%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)²	13.5%

Tenor (years)	5
Equivalent Flat Interest Rate (p.a.)¹	7.3%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)²	13.5%

Tenor (years)	6
Equivalent Flat Interest Rate (p.a.)¹	7.4%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)²	13.4%

Tenor (years)	7
Equivalent Flat Interest Rate (p.a.)¹	7.5%
Applied Interest Rate (p.a.)	13%
Effective Interest Rate (p.a.)²	13.3%

For instalment plan amount of SGD25,000 and above
Tenor (years)	Equivalent Flat Interest Rate (p.a.)¹	Applied Interest Rate (p.a.)	Effective Interest Rate (p.a.)²
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.)¹	6.6%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)²	13.9%

Tenor (years)	2
Equivalent Flat Interest Rate (p.a.)¹	6.5%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)²	13.0%

Tenor (years)	3
Equivalent Flat Interest Rate (p.a.)¹	6.5%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)²	12.7%

Tenor (years)	4
Equivalent Flat Interest Rate (p.a.)¹	6.6%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)²	12.5%

Tenor (years)	5
Equivalent Flat Interest Rate (p.a.)¹	6.7%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)²	12.4%

Tenor (years)	6
Equivalent Flat Interest Rate (p.a.)¹	6.8%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)²	12.4%

Tenor (years)	7
Equivalent Flat Interest Rate (p.a.)¹	6.9%
Applied Interest Rate (p.a.)	12%
Effective Interest Rate (p.a.)²	12.3%

¹Flat 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).

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.

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

Personal Line of Credit Instalment Plan FAQ (PDF) Download

HSBC Personal Line of Credit Instalment Plan

Promotional offers

Features & benefits

How much can you expect to repay each month?

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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