HSBC Personal Loan
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- Discussions (0)
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3.5
2 reviews
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Summary
HSBC Personal Loan
- Ideal for lump-sum one time borrowing needs
- HSBC's online exclusive promotional rates are very competitive.
- Best for applicants with annual income of at least S$80,000, and are keen on at least a 3 years loan.
- One of the lowest minimum annual income requirements for personal loans for foreigners at S$40,000
SingSaver Exclusive Promotion: Get up to S$1,749 in cashback & rewards
- Promotion is valid until 1 June 2025.
- Promotion is valid for new and existing HSBC personal loan customers.
- Apply and get approved for an HSBC Personal Loan with a min. amount of S$8,000 and min. tenure of 3 years to be eligible for rewards.
- Choice of reward varies depending on approved loan amount:
- (S$8,000 – S$9,999): S$100 Cash via PayNow
- (S$10,000 – S$14,999): S$130 Cash via PayNow
- (S$15,000 – S$19,999): S$210 Cash via PayNow or Apple AirPods Pro Gen 2 with MagSafe Charging Case (worth S$349)
- (S$20,000 – S$29,999): S$280 Cash via PayNow or Apple Watch Series 10 GPS 42mm (worth S$599)
- (S$30,000 – S$49,999): S$450 Cash via PayNow or Dyson Airstrait™ straightener (worth S$799)
- (S$50,000 and above): S$1,100 Cash via PayNow or Apple iPhone 16 Pro 256GB (worth S$1,749)
- Terms and Conditions apply.
Product Page Transparency
- Pays to access additional features
Loan Features & Details
1) Key Features
- Interest rate: 3.6% p.a onwardsÂ
- Effective interest rate: From 6.5% onwardsÂ
- Loan tenure period from a minimum of 1 year to a maximum of 7 years
- Quick in-principle approval for online applicationsÂ
2) Eligibility
- Citizenship: Singaporean or PRs only
- Age: 21-65 years old
- Minimum income requirement: S$30,000 per annum
3) Fees
- Processing fee: 1% of approved installment plan amount, or a minimum of S$88
- Late repayment fee: S$75
- Early repayment fee: 2.5% of redemption amount
4) Application Process
How to apply?
- Apply online through HSBC’s website or via online banking
- Apply via SMS. A HSBC customer service officer will contact you within three working days
- Apply via phone. A HSBC customer service officer will be in touch within three working days
5) Supporting Documents
- NRIC (front and back)
- Salaried employees: 3 months payslip, or latest Income Tax Notice of Assessment with 1 month payslip, or latest 6 months CPF statement
- Self-employed persons: Last 2 years of Income Tax Notice of Assessment
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Summary
HSBC Personal Loan
- Ideal for lump-sum one time borrowing needs
- HSBC's online exclusive promotional rates are very competitive.
- Best for applicants with annual income of at least S$80,000, and are keen on at least a 3 years loan.
- One of the lowest minimum annual income requirements for personal loans for foreigners at S$40,000
SingSaver Exclusive Promotion: Get up to S$1,749 in cashback & rewards
- Promotion is valid until 1 June 2025.
- Promotion is valid for new and existing HSBC personal loan customers.
- Apply and get approved for an HSBC Personal Loan with a min. amount of S$8,000 and min. tenure of 3 years to be eligible for rewards.
- Choice of reward varies depending on approved loan amount:
- (S$8,000 – S$9,999): S$100 Cash via PayNow
- (S$10,000 – S$14,999): S$130 Cash via PayNow
- (S$15,000 – S$19,999): S$210 Cash via PayNow or Apple AirPods Pro Gen 2 with MagSafe Charging Case (worth S$349)
- (S$20,000 – S$29,999): S$280 Cash via PayNow or Apple Watch Series 10 GPS 42mm (worth S$599)
- (S$30,000 – S$49,999): S$450 Cash via PayNow or Dyson Airstrait™ straightener (worth S$799)
- (S$50,000 and above): S$1,100 Cash via PayNow or Apple iPhone 16 Pro 256GB (worth S$1,749)
- Terms and Conditions apply.
Product Page Transparency
- Pays to access additional features
Loan Features & Details
1) Key Features
- Interest rate: 3.6% p.a onwardsÂ
- Effective interest rate: From 6.5% onwardsÂ
- Loan tenure period from a minimum of 1 year to a maximum of 7 years
- Quick in-principle approval for online applicationsÂ
2) Eligibility
- Citizenship: Singaporean or PRs only
- Age: 21-65 years old
- Minimum income requirement: S$30,000 per annum
3) Fees
- Processing fee: 1% of approved installment plan amount, or a minimum of S$88
- Late repayment fee: S$75
- Early repayment fee: 2.5% of redemption amount
4) Application Process
How to apply?
- Apply online through HSBC’s website or via online banking
- Apply via SMS. A HSBC customer service officer will contact you within three working days
- Apply via phone. A HSBC customer service officer will be in touch within three working days
5) Supporting Documents
- NRIC (front and back)
- Salaried employees: 3 months payslip, or latest Income Tax Notice of Assessment with 1 month payslip, or latest 6 months CPF statement
- Self-employed persons: Last 2 years of Income Tax Notice of Assessment
Plans (3)
Reviews (2)
3.5
2 Reviews
5
0
4
1
3
1
2
0
1
0
High to Low
26 Jun 2020
Purchased
HSBC Personal Loan (4 Year Tenure)
[Application] Smooth application process with MyInfo and uploading of documents to HSBC’s website for additional verification purposes. [Flat Interest Rate] One of the best in the market at 3.7% [Savings Account & Debit Card] You will automatically be attached with a HSBC account. Unfortunately, the debit card never managed to reach my mailbox despite calling the customer service team to verify my address and request for card to be resend.0
What are your thoughts?Posted 2d ago
Purchased
HSBC Personal Loan (1 Year Tenure)
Ideal for lump-sum one time borrowing needs HSBC's online exclusive promotional rates are very competitive.0
What are your thoughts?
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Eligibility: who can apply for HSBC Personal Loan
- Between 21 and 65 years of age
- Annual income of S$30,000 for salaried or S$40,000 for self-employed or commission-based Singapore Citizens and Permanent Residents
- Annual income of at least S$40,000 and employment pass with validity of at least 1 year for foreigners
Contact HSBC Singapore
Tel: +65 64722 669 (+65 6-HSBC NOW )
Contact us at [email protected] should you require any assistance or spot any inaccuracies.
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