HSBC Debt Consolidation Plan

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Key Features

3.4%
Interest Rate*
^S$0
Processing Fee

Other Features

Promotional interest rates from 3.4% p.a. (with Effective Interest Rate from 6.5% p.a.) are available for you to enjoy.
Your approved loans are eligible for processing fee waiver.
HSBC provides a free credit bureau report for you, sponsored by the bank.
Choose a loan tenure that suits you best, from 1 year up to 10 years.
When you refinance with HSBC, you can receive a 5% cashback upon approval.
Please note that the rates provided to you are personalised and may differ from the rates displayed here.

Eligibility

Citizenship Status

Singaporean / PR

Employment Status

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

Minimum Annual Income

S$30,000

Fees and Charges

Late Payment Fee: S$75 for each monthly repayment that is not received in full by the monthly repayment due date
Partial Repayment Penalty: No partial repayment allowed
Full Repayment Penalty: 5% of the repayment amount

Review

By LOANPANDA

HSBC Debt Consolidation Plan offers promotional interest rates starting from 3.4% p.a., and personalised rates tailored to your needs. You can choose a loan tenure up to 10 years, and enjoy a processing fee waiver for approved loans. HSBC also provides a free credit bureau report and a 5% cashback upon approval.

Eligibility requires a minimum annual income of S$30,000 and employment status as a salaried or self-employed Singaporean or PR. Late payment fees and full repayment penalties may apply.

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.