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HSBC Personal Loan


  • 1-hour online approval in-principle
  • Cash the next day from submission of application
  • Loan amount of up to 4 times your monthly income
  • Fixed regular monthly repayments
  • 1% cash back on your approved amount
  • Attractive interest rate
  • Longest loan tenor of up to 7 years
  • No early repayment fees after the first year

Apply Directly with Bank

Interest Rates

– Existing HSBC Premier* customers will enjoy 10% p.a. on all loan tenors (*Total Relationship Balance of minimum S$200,000)
– Existing HSBC Advance* customers will enjoy 11% p.a. on all loan tenors (*Total Relationship Balance of minimum S$30,000)

For annual income of S$40,000 and above

  • Loan amount: S$25,000 & above (Assumed S$25,000 approved loan amount)
Rates 1 year 2 years 3 years 4 years 5 years 6 years 7 years
Monthly Repayment S$2,222 S$1,177 S$831 S$659 S$557 S$489 S$442
Flat Rate(p.a.)1 6.6% 6.5% 6.5% 6.6% 6.7% 6.8% 6.9%
E.I.R. (p.a.)2 12.67% 12.36% 12.25% 12.19% 12.16% 12.13% 12.12%
  • Loan amount: S$12,000 & S$24,999 (Assumed S$12,000 approved loan amount)
Rates 1 year 2 years 3 years 4 years 5 years 6 years 7 years
Monthly Repayment S$1,073 S$572 S$406 S$324 S$275 S$243 S$220
Flat Rate(p.a.)1 7.3% 7.2% 7.2% 7.3% 7.4% 7.5% 7.7%
E.I.R. (p.a.)2 14.60% 13.95% 13.72% 13.60% 13.53% 13.48% 13.45%
  • Loan amount: Less than S$12,000 (Assumed S$8,000 approved loan amount)
Rates 1 year 2 years 3 years 4 years 5 years 6 years 7 years
Monthly Repayment S$718 S$384 S$273 S$218 S$186 S$170 S$155
Flat Rate(p.a.)1 7.6% 7.5% 7.6% 7.7% 7.8% 8.7% 8.9%
E.I.R. (p.a.)2 15.91% 14.93% 14.58% 14.40% 14.30% 15.43% 15.38%

For annual income of S$30,000 to S$39,999

 Rates 1 year 2 years 3 years 4 years 5 years 6 years 7 years
Monthly Repayment based on S$5,000 loan S$451 S$242 S$173 S$139 S$119 S$109 S$100
Flat Rate(p.a.)1 8.2% 8.1% 8.1% 8.3% 8.4% 9.4% 9.5%
E.I.R. (p.a.)2 18.21% 16.62% 16.06% 15.78% 15.61% 16.70% 16.62%
1 Flat rate is for reference only and is based on a front-end add-on calculation method (Interest = loan principal x flat rate x loan tenor).
2 E.I.R. (Effective Interest Rate) is inclusive of processing fee S$88 and based on the approved loan amount.
• The Bank will apply the E.I.R (net of processing fee) on the loan based on a reducing balance method, where the E.I.R. (net of processing fee) is multiplied by the outstanding loan balance, which reduces monthly as repayments are made. Interest is charged daily on a 365 days per year basis.
• The monthly repayment amount has been simplified for illustration purposes only.


  • 21 to 65 years of age
  • Annual income of at least S$30,000 for salaried Singaporeans/PR
  • Annual income of at least S$40,000 for self employed/commission-based Singaporeans/PR
  • Annual income of at least S$40,000 and employment pass with validity of at least one year for foreigners

For salaried employees:

  • Photocopy of NRIC (front and back)
  • Latest 3 months’ computerised payslips OR latest Notice of Assessment OR last six months’ CPF statement

For self-employed/commission-based earners:

  • Photocopy of NRIC (front and back)
  • Last two years’ Notice of Assessment* OR last fifteen months’ CPF statement

For foreigners:

  • Passport
  • Employment Pass (with validity of at least one year)
  • Latest 3 months computerized salary slip OR latest Notice of Assessment


  • Processing fee: S$88 (Waived for Premier customer)
  • Early Repayment fee^ : S$150
  • Amendment fee: S$100
  • Late payment Interest: 2.5% + prevailing interest** on overdue amount

^ Early Repayment fee is applicable to all full/partial repayments made within the first year.
** Prevailing interest refers to the current interest rate that you are enjoying.

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