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Personal loans

Apply easily in minutes via Myinfo. Enjoy instant cash1 view footnote 1 upon approval with promotional interest rate of 2.2% p.a. (EIR 4.0% p.a.) and up to 2.0% cashback.

We're updating our Personal Line of Credit and Personal Term Credit Terms and Conditions ('T&Cs'). The updated T&Cs will include the payment hierarchy to make it clearer for you. The new T&Cs are found on our website and will take effect on 9 June 2025. To learn more, you can chat with us on the HSBC Singapore app, online banking, or visit our branches.

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

Get up to SGD3,600 cashback

Enjoy promotional interest rates2 view footnote 2 from as low as 2.2% p.a. (EIR 4.0% p.a.3 view footnote 3) with no processing fee.

Existing Premier customers can enjoy promotional interest rate of 2.2% p.a. (EIR 4.0% p.a.)2 view footnote 2
Tenor (years)
 Equivalent Flat Interest Rate3 view footnote 3 (p.a.)
 Applied/Effective Interest Rate4 view footnote4 (p.a.)
1-7
 From 2.2% From 4.0%

Enjoy promotional interest rates2 view footnote 2 from as low as 2.2% p.a. (EIR 4.0% p.a.3 view footnote 3) with no processing fee.

Existing Premier customers can enjoy promotional interest rate of 2.2% p.a. (EIR 4.0% p.a.)2 view footnote 2
Tenor (years)
 1-7
Equivalent Flat Interest Rate3 view footnote 3 (p.a.)
 From 2.2%
Applied/Effective Interest Rate4 view footnote4 (p.a.)
 From 4.0%
Here's how to earn cashback of up to SGD3,6005 view footnote 5:

Approved tenor

Base Cashback* earned of approved loan amount 

*Minimum loan amount of SGD10,000 and consent to all marketing materials from all channels

1 - 2 years

 Not applicable
3 years 1.0%
4 - 5 years 1.5%
6 - 7 years 2.0%
Here's how to earn cashback of up to SGD3,6005 view footnote 5:

Approved tenor

1 - 2 years

Base Cashback* earned of approved loan amount 

*Minimum loan amount of SGD10,000 and consent to all marketing materials from all channels

 Not applicable

Approved tenor

 3 years

Base Cashback* earned of approved loan amount 

*Minimum loan amount of SGD10,000 and consent to all marketing materials from all channels

 1.0%

Approved tenor

 4 - 5 years

Base Cashback* earned of approved loan amount 

*Minimum loan amount of SGD10,000 and consent to all marketing materials from all channels

 1.5%

Approved tenor

 6 - 7 years

Base Cashback* earned of approved loan amount 

*Minimum loan amount of SGD10,000 and consent to all marketing materials from all channels

 2.0%

Features & Benefits

  • No processing fee.
  • Instant cash disbursement1 view footnote 1 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.

Interest is calculated using the reducing balance method.

Calculation shown above is indicative and for illustrative purposes only based on effective interest rate of 4.0% 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 view footnote 6
  • 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 times6 view footnote 6 your monthly salary with low daily interest rate of 0.06%7 view footnote 7.

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 years of age
  • Annual income of SGD30,000 for salaried or SGD40,000 for self-employed or commission-based Singapore Citizens and Permanent Residents

Apply using Myinfo via Singpass for a quick and easy application journey.

If the information that we've retrieved from Myinfo is insufficient for our assessment or if you're not submitting your application using Myinfo, you'll need to provide the following supporting documents:

Document
 For salaried employees
 For commission-based earners
 For self-employed
Completed and signed Letter of Instruction
 Tick Tick Tick
NRIC (front and back)
 Tick Tick Tick

(A) Notice of Assessment and CPF Statement via Myinfo Income and CPF Statement by using MyInfo This link will open in a new window

(Singpass login required)

 Tick
Tick

Preferred
(B) Latest 3 months' computerised pay slips

Tick

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

 Cross
Cross
Latest 2 years' Notice of Assessment
 Cross
Cross

Tick

(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
Document
 Completed and signed Letter of Instruction
For salaried employees
 Tick
For commission-based earners
 Tick
For self-employed
 Tick
Document
 NRIC (front and back)
For salaried employees
 Tick
For commission-based earners
 Tick
For self-employed
 Tick
Document

(A) Notice of Assessment and CPF Statement via Myinfo Income and CPF Statement by using MyInfo This link will open in a new window

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

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

Tick

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

Tick

(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

Things to Note

Notes

  1. Disbursements to an HSBC bank account
  2. The promotional interest rate ranges from 2.2% p.a. (EIR 4.0% p.a.) to a maximum of 10.1% 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 2.2% p.a. (EIR 4.0% p.a.). Terms and conditions apply This link will open in a new window.
  3. 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.
  4. 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.
  5. Terms and conditions apply This link will open in a new window.
  6. Refer to Credit limit assignment.
  7. Daily interest of 0.06% is calculated based on 365 days at the prevailing interest rate of 22.9% p.a. Interest is subjected to compounding if the monthly debit interest is not paid in full.
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