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    HSBC Personal Loan

    We found 1 HSBC Personal Loan

    Bank Name
    Interest Rate
    Loan Tenure
    Joining Perks
    From 3.8% p.a. EIR from 7% p.a.
    1-7 Years
    What you'll love
    What you need
    What you need to consider
    What it costs

    HSBC Personal Loan


    HSBC Personal Loan

    The commencement of Hong Kong and Shanghai Banking Corporation, eventually known as HSBC, took place in the year 1865 with a clear and simple aim – to offer international banking services on a local level in Shanghai and Hong Kong. The founder, Thomas Sutherland, aimed to fulfill the needs of business communities which required more sophisticated and customized banking solutions for their trade to flourish. Backed by a board of multicultural and intellectual experts from across the world while braving the financial collapse in Hong Kong’s banking scenario in that era, by the year 1900 HSBC was garnering strong reputation for being a resilient financial institution even during crisis, having branched out through Asia in countries like China and India and reaching out to diverse markets like Singapore, Sri Lanka and Malaysia.

    The first branch in Singapore was inaugurated in the year 1877, wherein HSBC had already begun to pave its way to being recognized internationally as one of the foremost financial institutions in Asia. The bank is known to have played a pivotal role in building the economy and infrastructure of the country, like stabilizing Singapore’s monetary system by proposing to hold the straits dollar value steady in the face of silver market fluctuations by persuading rubber merchants to open bank accounts and several such instances. Today, HSBC in Singapore offers a comprehensive range of banking services like corporate banking, commercial banking, investments and private banking, as well as capital markets services and securities.

    With its admirable and faultless track record in the country as well as throughout Asia and other international locations, HSBC today has gathered an iron-clad reputation as a trusted and respected market leader in the world banking scenario, having braved weather change and confronted enormous challenges like global conflicts, revolutions, economic crisis and expansion to new markets and demographic shifts.

    You’re probably eligible for a HSBC Bank Personal Loan if you are

    HSBC Bank Personal Loan Minimum Age

    Atleast 21 years

     HSBC Bank Personal LoanMaximum Age

    Less than 65 Years

     HSBC Bank Personal Loan Eligible Employment Type

    Salaried or self-employed with regular income

     HSBC Bank Personal Loan Minimum Income

    Earn more than the minimum income required

    Your HSBC Bank Personal Loan amount eligibility is based on these factors

     HSBC Bank Personal Loan Minimum Salary

    Minimum income required

    HSBC Bank Personal Loan Maximum Loan Funded

    Max loan amount - upto four times (4X) your monthly income

     HSBC Bank Personal Loan EMI

    EMIs of other loans lower your eligibility

    Increase your eligible HSBC Bank Personal Loan amount by these steps

     HSBC Bank Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    HSBC Bank Personal Loan Tenure

    Choose longer tenure loan up to 7 Years

    Documentation needed to apply for an HSBC Bank Personal Loan

    • 1.Photocopy of NRIC
    • 2. Salaried Employee
      • Latest Computerized Payslip OR
      • CPF Contribution Statement for past 12 months OR
      • Latest Income Tax Notice of Assessment (NOA)
    • 3. Variable Income/Commission Based Earner
      • Latest 6 months Computerized Payslip OR
      • CPF Contribution Statement for past 12 months OR
      • Latest Income Tax Notice of Assessment (NOA)
    • 4. Self-Employed
      • Income Tax Notices of Assessment (NOA) for past 2 years
    • 5.Any other documents as may be requested by the Bank at its sole discretion

    HSBC Bank Personal Loan DetailsUpdated on 27 Apr 2017

    HSBC Bank Personal Loan Details
    Interest Rate 4.8% pa
    Min Loan Amount S$5,000
    Minimum Income S$30,000
    Max Loan Amount up to 8 times your monthly income
    Loan Tenure 7 Years
    Processing Fee S$88
    EIR 9% to 10% p.a.
    Guarantor Requirement No Guarantee Required

    About HSBC Bank Personal Loan Singapore

    HSBC in Singapore possesses a strong network of strong network of more than 349 branches and 27 ATM locations island-wide, and each branch is inter-connected to another on a real-time basis. Customers enjoy immense privileges like atm5 and Quick Cash wherein they can remain on the move without having to worry about liquidity and running out of cash all of a sudden. When it comes to technology, the bank is miles ahead in all possible milestones, whether its advanced communication systems or state-of-art infrastructure required for it to be a world class bank. Every single HDFC Bank branch has online connectivity and multi-branch access points are offered to retail customers to enable them to transfer and receive funds in a quick and effortless manner.

    HSBC atm5 - The unique atm5 network facility allows you to be on the go minus any need for financial crunch as one can now withdraw money from their bank accounts from 6 Qualifying Full Banks or QFBs from one of the 170+ ATM centers present anywhere on the island – and what is more – zero transaction fee!

    All you have to need to do is to ensure that the atm5 logo is inscribed on the ATM centers of the following banks:

    • The Hong Kong and Shanghai Bank
    • Australia and New Zealand Bank
    • Citibank
    • State Bank of India
    • Maybank
    • Standard Chartered Bank

    HSBC QuickCash - Stuck without sufficient cash in hand while shopping and do not wish to drive to an ATM center? No worries – HSBC’s QuickCash allows you to pay your shopping bills as well remove the required amount of cash from your HSBC account at the cashier counter of more than 360 outlets spread throughout the island, including Market Place, Beauty, Guardian Health, Photo Finish, Cold Storage and Giant.

    Simply charge the purchase of any amount to your card and inform the cashier regarding the amount of cash you wish to withdraw. The cashier would present you with a charge slip that would reflect the purchase amount and the cash amount withdrawn.

    Why choose HSBC Personal Loan?

    HSBC offers a plethora of personal, commercial and corporate banking services, which is the reason why it boasts of an impeccable and loyal customer base on varied fronts. If you are looking to apply for a personal loan to fulfill your money-related needs, HSBC could prove to be the best option you ever come across. Whether it is a dream vacation you wish to apply the loan for, or a sudden and unforeseen emergency or cash crunch, an HSBC personal loan can come to your rescue owing to its multi-fold benefits.

    Some of the features of HSBC Personal Loan are:

    • Cash the next day – Avail funds within 24 hours from the application submission, if loan gets approved
    • Up to $500 or 1% cash back on the approved amount
    • A free pair of movie tickets exclusive for online sign-up
    • Zero early repayment fee after the first year
    • Higher loan amount – Avail loan amount up to 4 times your monthly income
    • Easy repayment – fixed and regular repayments on a monthly installment basis
    • Customer friendly interest rates
    • Flexible tenor options – Choose your convenient loan tenor range from 1-7 years.

    The eligibility criteria for most HSBC Personal Loans are as follows:

    Applicant must be aged between 21 and 65 years with the least yearly income of:

    • S$30,000 for Singapore Citizens and Permanent Residents working on salaried basis
    • S$40,000 for Singapore Citizens and Permanent Residents working on commission-based or freelance basis
    • S$40,000 for foreigners who hold Employment Pass validity of minimum one year
    1. How does the HSBC's Personal Loan work?
    2. HSBC personal loan enables one to derive the benefit of loan amount of up to four times (4X) one’s monthly income with preset monthly repayments/installments.

    3. What is the loan tenor for this loan?
    4. One can apply for a loan tenor for one, two, three, four or five years, depending on their ease of repayment. In fact, salaried employees can enjoy a loan tenor of up to six or seven years.

    5. What are the minimum requirements to apply for HSBC's Personal Loan?
    6. The applicant must be of the age from 21 and 65 years with the least annual income of:

      • S$30,000 for salaried Singapore Citizens and Permanent Residents
      • S$40,000 for self-employed or commission-based Singapore Citizens and Permanent Residents
      • S$40,000 for foreigners with Employment Pass validity of at least one year
    7. Is a guarantor or collateral needed for applying for a Personal Loan?
    8. No. HSBC's Personal Loan does not require a guarantor or any collateral for it to be availed.

    9. How much is the minimum loan amount one can avail?
    10. S$5,000 is the minimum loan amount one needs to apply for.

    11. How much is the maximum loan amount one can avail?
    12. With a yearly income of at least S$30,000 but lower than S$120,000, one can apply for a loan amount up to four times (4X) their monthly income, limited to a upper limit of S$100,000 or a suitable loan determined as per HSBC’s discretion.

      With a yearly income of at least S$120,000, the sum loan amount can be raised to up to four times one’s monthly income, as verified through the income documents provided, up to an upper limit of S$100,000, or a greater amount as determined by HSBC.

      This depends largely on one’s comprehensive highest credit limit with HSBC, , not considering the number of HSBC Credit Card(s) and/or Unsecured Loans Facility(ies) one has applied for or holds, being equal to or lesser than 4X one’s monthly income, valid for all unsecured facilities.

    News About HSBC Bank Personal Loan

    • HSBC Personal Loan Sign Up and Referral Promotion

      Run Time –From now till 31 Dec, 2016

      Particulars –Apply for an HSBC Personal Loan and enjoy an interest rate of 3.8 % per annum with a Premier account, 4.4 % per annum with an Advance account and 5.6 % per annum with other accounts for a minimum approved loan amount of SGD 10,000. You will also get a waiver of SGD 88 of the processing fee and cashback of up to SGD 120 for a minimum approved loan amount of SGD 10,000.

      When you refer a friend to apply for HSBC Personal Loan, you will get shopping vouchers worth up to SGD 30 when the loan application gets approved.

      Please contact HSBC Bank Singapore to know about the applicable terms and conditions.

    • HSBC Continues To Invest in Singapore

      The Hong Kong and Shanghai Banking Corporation (HSBC) continues to invest money in Singapore despite the fact that the business of the bank has been slowing over the last few years. HSBC Bank hopes that it will be able to attract the business of the affluent middle class in the country and grow in the process. HSBC is the largest bank in Europe and has a significant presence in most countries in Asia. HSBC Bank is even planning to incorporate its retail operations in Singapore locally. Recently, the bank has upgraded 2 of its branches, which are situated in Jurong and Plaza Singapura. HSBC now has 11 branches in Singapore.

      21st January 2016

    • HSBC Personal Loan Promotion

      Run Time – It is an ongoing offer.

      Particulars – Apply for a HSBC personal loan to get benefits like –

        • Interest rate of 5.6 percent per annum on approved loan of at least SGD10, 000

        • Waiver of the processing fee, which is SGD88

        • SGD 100 ez- link card online

      To know more about the offer and its terms and conditions, please contact the bank or visit their website.

    • HSBC Personal Loan Interest Rate Promotion

      Run Time – It is an ongoing offer.

      Particulars – Apply for a personal loan with HSBC and enjoy attractive rates of interest.

        • Only 5.6 percent per annum on an approved loan of at least SGD 10, 000

        • Existing customers of HSBC Premier will enjoy 3.8 percent per annum on every loan tenures. Here, the Effective Interest Rate will be 7 percent per annum

        • Existing customers of HSBC Advance will enjoy 4.4 percent per annum on every loan tenures. Here, the Effective Interest Rate will be 8 percent per annum

      To know more about the offer and its terms and conditions, please contact HSBC bank or visit their website.

    • HSBC Report Names Singapore As The Top Destination For Expats

      HSBC Bank conducted a survey of more than 21,000 expats in over 100 countries and found that Singapore was the top destination for these expats. This survey was conducted for HSBC by YouGov, a research firm. Globally, 56 percent of people who were surveyed said that it was convenient for them to start a new business in the country they were living at present. On the contrary, 87 percent of the surveyed expats living in Singapore mentioned the island nation as a great place to start a new business venture. Singapore has also been featured in this survey as one of the top destinations for high standard of living and quality of life.

      65 percent of the expats surveyed in Singapore further commented that the health and wellbeing of their children have improved once they moved to the Lion City. The other countries that ranked higher in this survey are given below in the order of their ranking:

        • New Zealand

        • Sweden

        • Bahrain

        • Germany

        • Canada

        • Australia

        • Taiwan

        • United Arab Emirates

        • Switzerland

      The expats who were surveyed stated that better quality of education was available in the island nation of Singapore even though it was more expensive than many of the top cities in their native countries. 79 percent of the respondents residing in Singapore also portrayed a positive outlook of the city, whereas only 48 percent of the respondents globally had such a positive view of the economy. One of the main reasons for these expats to move to a new country was the need to improve their quality of life.

      Singapore is regarded as one of the top financial hubs in the world and is also home to some of the largest banking and financial institutions in the world. The economy of the country is very stable and so it is able to attract people from around the globe to move to the city in search of a better life.

      24th September 2015


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