Flash Sale – get additional cashback of up to SGD1,0004
Get rewarded with additional cashback of up to SGD1,000 (0.5% of approved loan amount) on top of the promotional offers when you get an approved Personal Line of Credit Instalment Plan with a minimum loan size of SGD10,000 and tenor of at least 2 years. Limited time only.
Promotional offers – get cashback of up to SGD2,100
| Tenor (years) |
Equivalent Flat Interest Rate2 (p.a.) |
Applied/Effective Interest Rate3 (p.a.) |
|---|---|---|
| 1-7 |
From 3.2% |
From 6% |
| Tenor (years) |
1-7 |
|---|---|
| Equivalent Flat Interest Rate2 (p.a.) |
From 3.2% |
| Applied/Effective Interest Rate3 (p.a.) |
From 6% |
| Promotional offers |
Cashback |
|---|---|
Personal Line of Credit cashback promotion |
SGD100 |
Personal Line of Credit Instalment Plan cashback promotion Subject to min. 2 years tenor |
1% |
| Total Cashback |
Up to SGD2,100 |
| Promotional offers |
Personal Line of Credit cashback promotion |
|---|---|
Cashback |
SGD100 |
| Promotional offers |
Personal Line of Credit Instalment Plan cashback promotion Subject to min. 2 years tenor |
Cashback |
1% |
| Promotional offers |
Total Cashback |
Cashback |
Up to SGD2,100 |
1The promotional interest rate ranges from 3.2% p.a. (EIR 6% 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 2.6% p.a. (EIR 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).
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% 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.