HSBC Personal Loan

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Key Features

4%
Interest Rate*
S$0
Processing Fee
7 years
loan tenure

Other Features

Enjoy interest rates from 4% p.a. onwards
1 min in-principle approval
P.A. EIR ranges from 7.5% – 15%
Note that the rates provided to you are customised and might differ from what is displayed here. HSBC is regulated by the Monetary Authority of Singapore.

Eligibility

Citizenship Status

Singaporean / PR

Age Requirement

21 – 65 years old

Employment Status

Salaried Employee, Variable/Commission-based Employees or Self Employed

Minimum Annual Income

S$30,000

Fees and Charges

Processing Fee: S$0
Late Payment Fee: 2.5% + prevailing interest on overdue amount
Partial Repayment Penalty: 2.5% of redemption amount
Full Repayment Penalty: 2.5% of redemption amount

Review

By LOANPANDA

HSBC Personal Loan offers competitive interest rates starting from 4% p.a. and a processing fee of S$0. With a loan tenure of up to 7 years, customers can enjoy flexible repayment options. Eligibility criteria include being a Singaporean/PR with a minimum annual income of S$30,000, and different employment statuses are accepted.

Note that the rates offered to you may differ from those displayed here, and fees apply for late or partial repayments. HSBC is regulated by the Monetary Authority of Singapore.

FAQ

A credit card is a convenient tool for people to pay for purchases today, offering many perks and rewards that can add up to more savings for the cardholders.

While there are so many types of credit cards offering different features, you may wonder: How best to choose one that suits you?

Here’s a short guide LOANPANDA has compiled to help you understand the credit card requirements, interest rates and basic payment terms.