HSBC Personal Loan


HSBC Personal Loan
  • Interest based based on financing amount
    • Loan amount of up to 8 times your monthly income
      • Longest loan tenor of up to 7 years*.
        • Minimum financing amount is S$5,000
          • Fixed monthly repayments
            • Promotional rate starts from 3.8% p.a. (EIR 7% p.a.) and onwards
              • Redraw on your existing personal loan with no processing fee.
                • Quick decision based on 1-hour approval in-principle.
                • For single applicant from 21 to 65 years of age. Singaporean citizens and permanent residents working and residing in Singapore. Singapore citizens working in Malaysia will be considered Minimum salary amount is S$2,500 per month.
                  Additional Benefits
                  • Moneysmart Exclusive – 4.7% p.a. (ANY loan amount) + $88 processing fee waiver + $120 Cashback*
                  • Online exclusive get Nespresso Umat Red Coffee Machine worth S$288
                  • HSBC Personal Loan is a convenient way for you to secure cash when needed urgently. Applicants can borrow from a minimum of $5,000 up to 4 times their monthly salary with repayment period from a minimum of 1 to 7 years of installment. The personal loan interest would depends very much of the amount borrowed

                    Interest rates

                    The rates under the Interest Rate Promotion are as follows:
                    a) Promotional interest rates:

                    • effective interest rate of 8.5% p.a. with an approved loan amount of not less than S$10,000; or
                    • effective interest rate of 7% p.a. for existing HSBC Premier customers; or
                    • effective interest rate of 8% p.a. for existing HSBC Advance customers; and


                    This loan is only available to Singaporeans or Permanent Residents from 21 years to 65 years at the end of loan tenure. Applicants need to have a minimum salary requirement of S$2,500 gross per month if you are employed while a minimum income of $40,000 annual income for self employed

                    This loan is also open to foreigners with minimum 1 year employment pass and minimum income of $40,000.

                    Fees and charges

                    A one time $88 processing fee will be charged. $150 early repayment fees may be charge for early settlement within the first year. Early repayment fee is 2.5% of the redemption amount. Late payment interest is 2.5% + prevailing interest** on overdue amount.

                    At the time of writing, The $88 processing fees has been waived

                    Documents required


                    • Photocopy NRIC (Front and back)
                    • Most recent 3 months payslip or 6 months CPF statement

                    Self employed

                    • Photocopy NRIC (Front and back)
                    • Most recent 15 months EPF statements or 2 years Notice of Assessments


                    • Passport
                    • One year valid Employment Pass
                    • Most recent 3 months payslip