HSBC Personal Loan

HSBC started as the Shanghai and Hong Kong banking corporation back in 1865. It is an international bank that also has offices in Singapore.

HSBC is one of the biggest banks worldwide. It has more than 400 offices that are scattered across 70 countries. They pride themselves in serving 5 continents with their presence majorly being in Asia, Europe, America and Africa. These global services entail retail and private banking, wealth management and commercial.

Their services include credit cards, loans and private and corporate banking. One of the most popular product is their personal loan that can be accessed easily and comes with low-interest rates.

HSBC Personal Loan


This is one of the broadest loan products someone will get on the market. It helps customers meet their daily needs. This loan comes with the longest repayment period of 7 years and requires no guarantors or collateral. They can lend applicant’s up to 4 times their earnings. Also, their approval time is just 1 minute, and the loan comes with the lowest interest rates the market has to offer.

 To sweeten the deal, HSBC offers a processing fee waiver of $88 and $50 cash back for every online application.


With this, they also offer:



  • Offer a loan amount that is up to 8 times their clients’ monthly pay
  • A repayment period of 12 months and a maximum of 7 years
  • A minimum approved loan amounting to $10,000
  • Cash the following day after submitting all the documents

Customers can get up to 4 times their salary, which goes up to $100,000 to use as they wish. As per approved amount, and repayment period, customers get to enjoy rates that are as low as 4.8% per annum. Any HSBC premier customer enjoys a rate of 3.8% per annum on any repayment period, and the Advance ones get to pay 4.4% p.a.

Eligibility and Documentation

There are some factors that need to be considered for a customer to be eligible for personal loans. They include:
• Being a Singapore citizen, 
• Have a valid one-year employment permit 
• Being between 21-65 
• Having an annual income of not less than S$30,000
• Recent 3 months’ pay slips
• Recent Income Tax Notice of Assessment
• 6 to 12 months CPF statement