Cash woes? A personal loan to the rescue!
  • Personal Loan BYTES FROM OUR KITCHEN

    HSBC Personal Loan Interest Rates

    HSBC offers 3 personal loans – Cash Instalment Plan, Personal Loan, and Personal Line of Credit. HSBC’s Cash Instalment Plan is a loan on your credit card with a low interest rate. You can borrow up to 90% of your credit limit. The interest rates for personal loans start from 3.7% p.a. and the amount can be paid over 7 years. With the personal line of credit, you can borrow up to 6 times your monthly salary and enjoy low interest rates starting at 12% p.a.

    Cash Instalment Plan Interest Rates

    The table below shows the interest rates for a Cash Instalment Plan:

    Tenor Interest rate Effective Interest Rate (EIR)
    12 months 0% p.a. 11.23% p.a.
    18 months 0% p.a. 10.45% p.a.
    24 months 6.28% p.a. 12.64% p.a.
    36 months 6.88% p.a. 13.32% p.a.

    Personal Loan Interest Rate

    The interest rates applicable on personal loans is shown in a table below:

    For annual income of S$80,000

    Tenor Interest rate Effective Interest Rate (EIR)
    1 year 7.2% p.a. 13% p.a.
    2 years 7.1% p.a. 13% p.a.
    3 to 4 years 3.7% p.a. 7% p.a.
    5 to 7 years 3.8% p.a. 7% p.a.

    For annual income of less than S$80,000

    Tenor Interest rate Effective Interest Rate (EIR)
    1 year 7.2% p.a. 13% p.a.
    2 years 7.1% p.a. 13% p.a.
    3 years 4.8% p.a. 9% p.a.
    4 to 5 years 4.9% p.a. 9% p.a.
    6 to 7 years 5% p.a. 9% p.a.

    Personal Line of Credit Interest Rate

    The table below shows the interest rates for a personal line of credit:

    Membership type Effective Interest Rate (EIR)
    HSBC Premier customer 12% p.a.
    HSBC Advance customer 16.5% p.a.
    HSBC Visa Platinum/Revolution Credit Card customers 16.5% p.a.
    All other HSBC customers 18.5% p.a.

    HSBC offers promotional interest rates quite frequently. You can check these interest rates and also offers from other banks in Singapore here.

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