• Low interest rates
  Get interest rates as low as 4.0% % (EIR 7.5% p.a.)
• Loan up to 8x your monthly income
  Fulfill your biggest dreams with a high maximum loan amount of 8 times your monthly income or up to S$200,000¹.
• Fixed monthly repayments
  Get greater convenience and predictability with fixed monthly repayments on your HSBC Personal Loan.
• Loan tenor of up to 7 years
  Enjoy the freedom to choose a loan tenor from 1 to 7 years, so you can pick a repayment period that you are comfortable with.
• Redraw on your existing loan
  Redraw S$1,000 or more from your current loan for more financial flexibility.
• 1 minute approval in-principle¹
  Receive approval in-principle almost immediately when you apply for HSBC Personal Loan online.

We have enhanced our Personal Loans to give you a better experience. These are the changes that will take place with effect from 15 June 2020:

• HSBC Personal Loan will be re-named as HSBC Personal Instalment Loan.
• If you would like to apply for a personal loan, HSBC Personal Line of Credit (with the option of instalment plan or balance transfer) will be offered.
• For instances where the HSBC Personal Line of Credit Instalment Plan is not offered, we may, at our discretion, offer an HSBC Personal Instalment Loan instead, and a Statement Savings account will be opened to facilitate monthly repayments.

1. To participate in HSBC Bank (Singapore) Limited's ("HSBC") Personal Line of Credit Instalment Plan Cashback Promotion (the "Cashback Promotion"), applicants must
   a) submit their application for a new instalment plan (“Instalment Plan”) to HSBC (except via third party sales agencies) with a minimum loan amount of S$10,000 and loan tenor of three (3) years between 30 December 2022 and 31 May 2023, both dates inclusive (the "Promotional Period"), and
   b) consent to receive direct marketing and promotional materials from HSBC by indicating on the application form or Letter of Instruction, where applicable, and
   the application must be approved by HSBC (in its discretion) by 30 June 2023 (such applicants, the "Eligible Applicants").
2. A Cashback amount, capped at S$2,000, is computed based on 1% of approved loan amount.
   The Cashback amount is rounded up to the nearest Singapore Dollar (the "Cashback") will be credited to the Eligible Applicant's HSBC Personal Line of Credit Account within three (3) calendar months from the approval date of the Instalment Plan application, whichever applicable, barring any unforeseen technical delays.
3. The award of the Cashback is subject to the customer's HSBC Personal Line of Credit Account (the "Account") being maintained in good standing and conducted in a proper and satisfactory manner as determined by HSBC at its discretion during the Promotional Period and at the time of credit.
4. Eligible Applicants who have received the Cashback and subsequently cancel their HSBC Personal Line of Credit Account within 12 months from the date of approval of the HSBC Personal Line of Credit application are required to refund HSBC the full amount of the Cashback.
5. The terms and conditions of this Promotion should be read in conjunction with the prevailing HSBC Personal Line of Credit & Personal Term Credit Terms and Conditions, the latest copy of which is available online at www.hsbc.com.sg/loan.
6. HSBC may vary these terms and conditions or suspend or terminate the Promotion. Where possible, customers will be informed at least 30 days in advance.
7. All information is accurate at the time of posting online.<

1. To participate in HSBC Bank (Singapore) Limited's ("HSBC") Personal Line of Credit Instalment Plan Digital Exclusive Promotion (the "Digital Exclusive Promotion"), applicants must
   a) submit their application for a new HSBC Personal Line of Credit Instalment Plan via the online application form, online contact-me form or the PDF form available on www.hsbc.com.sg with a minimum loan amount of S$10,000 and loan tenor of at least three (3) years between 30 December 2022 and 31 May 2023, both dates inclusive (the "Promotional Period"); and
   b) consent to receive direct marketing and promotional materials from HSBC by indicating on the application form or Letter of Instruction, where applicable, and
   the application must be approved by HSBC (in its discretion) by 30 June 2023 (such applicants, the "Eligible Applicants").
2. Applicants who submit their application for a new HSBC Personal Line of Credit Instalment Plan via aggregator sites during the Promotional Period will not qualify for the Digital Exclusive Promotion.
3. The Digital Exclusive Promotion is applicable to both new and existing Personal Line of Credit customers applying for an Personal Line of Credit Instalment Plan.
4. The Applicant must be an existing Personal Line of Credit customer in order to apply for Personal Line of Credit Instalment Plan.
5. A Cashback amount, capped at S$1,000, is computed based on 0.5% of approved loan amount.
   The Cashback amount is rounded up to the nearest Singapore Dollar (the "Cashback") will be credited to the Eligible Applicant's HSBC Personal Line of Credit Account within three (3) calendar months from the approval date of the Instalment Plan application, whichever applicable, barring any unforeseen technical delays.
6. The award of the Cashback is subject to the customer's HSBC Personal Line of Credit Account (the "Account") being maintained in good standing and conducted in a proper and satisfactory manner as determined by HSBC at its discretion during the Promotional Period and at the time of credit.
7. Eligible Applicants who have received the Cashback and subsequently cancel their HSBC Personal Line of Credit Account within 12 months from the date of approval of the HSBC Personal Line of Credit application are required to refund HSBC the full amount of the Cashback.
8. The terms and conditions of this Promotion should be read in conjunction with the prevailing HSBC Personal Line of Credit & Personal Term Credit Terms and Conditions, the latest copy of which is available online at www.hsbc.com.sg/loan.
9. HSBC may vary these terms and conditions or suspend or terminate the Promotion. Where possible, customers will be informed at least 30 days in advance.
10. All information is accurate at the time of posting online.<

1. To participate in HSBC Bank (Singapore) Limited's ("HSBC") Personal Line of Credit Instalment Plan Processing Fee Waiver Promotion (the "Processing Fee Waiver Promotion"), applicants must submit their application for a new instalment plan ("Instalment Plan") between 30 December 2022 and 31 May 2023, both dates inclusive (the "Promotional Period") and the application must be approved by HSBC (in its discretion) by 30 June 2023 (such applicants, the "Eligible Applicants").
2. The Eligible Applicants will receive a waiver of processing fee in respect of their Instalment Plan or Personal Instalment Loan, whichever applicable, equivalent to 1% of approved Instalment Plan or Personal Instalment Loan amount, subject to a minimum of S$88.
3. The terms and conditions of this Processing Fee Waiver Promotion should be read in conjunction with the prevailing HSBC Personal Line of Credit & Personal Term Credit Terms and Conditions, the latest copy of which is available online at www.hsbc.com.sg.
4. HSBC may vary these terms and conditions or suspend or terminate the Processing Fee Waiver Promotion. Where possible, customers will be informed at least 30 days in advance.
5. All information is accurate at the time of posting online.

1. To participate in HSBC Bank (Singapore) Limited's ("HSBC") Personal Line of Credit Instalment Plan Interest Rate Promotion (Premier customers) (the "Premier Interest Rate Promotion"), applicants must be an existing Premier customer and submit their application for a new instalment plan ("Instalment Plan") between 30 December 2022 and 31 May 2023, both dates inclusive (the "Promotional Period"), and the application must be approved by HSBC (in its discretion) by 30 June 2023 (such applicants, the "Eligible Applicants").
2. Eligible Applicants will be offered a promotional interest rate of 4.0% % p.a. (EIR 7.5% p.a.) to 8.9% p.a. (EIR 15.0% p.a.) in respect of their Instalment Plan based on their personal credit profile and such other factors as may be determined by HSBC.
3. For Eligible Applicants that are offered a promotional interest rate higher than 4.0%% p.a. (EIR 7.5% p.a.) in respect of their Instalment Plan, an SMS will be sent to their mobile number indicated on the application form or based on HSBC’s records, to seek their consent to proceed with the Instalment Plan drawdown and account opening based on the offered promotional interest rate. Only the first valid SMS response provided by the Eligible Applicant by the stipulated date will be accepted.
4. Customers on staff preferential interest rates are not eligible for the Interest Rate Promotion, unless otherwise specified by HSBC.
5. The terms and conditions of this Interest Rate Promotion should be read in conjunction with the prevailing HSBC Personal Line of Credit & Personal Term Credit Terms and Conditions, the latest copy of which is available online at www.hsbc.com.sg.
6. HSBC may vary these terms and conditions or suspend or terminate the Interest Rate Promotion. Where possible, customers will be informed at least 30 days in advance.
7. All information is accurate at the time of posting online.

1. HSBC Personal Line of Credit Instalment Plan (the “Programme”) is valid for such period as HSBC Bank (Singapore) Limited (“HSBC”) may determine in its discretion.
2. Only customers who hold sole HSBC Personal Line of Credit account (“Eligible Customers”) are eligible for the Programme. Each Eligible Customer may have up to five (5) instalment plans under the Programme (each, an “Instalment Plan”).
3. Each application for an Instalment Plan is subject to HSBC’s approval. HSBC will not approve the application if any of the Eligible Customer’s HSBC accounts is not maintained in good standing or not conducted in a proper or satisfactory manner as determined by HSBC at its discretion.
4. HSBC reserves the right to decline any application without assigning any reason. HSBC shall not be liable for any charges, overdue payments or interest incurred by the customer due to the rejection of or delays in processing the application.
5. Applications with incomplete fields and/ or incorrect information will not be processed.
6. The amount that may be placed on any given Instalment Plan is referred to as the “Instalment Plan Amount”. The minimum Instalment Plan Amount is S$1,000, and the maximum Instalment Plan Amount is equal to 90% (or 95% for Eligible Customers who are HSBC Premier customers) of an amount determined by (i) the Eligible Customer’s approved credit limit at the point of processing his/ her application for the Instalment Plan, less (ii) any outstanding balance under his/ her HSBC Personal Line of Credit account.
7. The approved Instalment Plan Amount for any given Instalment Plan may be (i) less than the amount applied for, and/ or (ii) such other amount as determined by HSBC at its discretion.
8. Only Eligible Customers who are salaried employees may apply for an Instalment Plan with a tenor of six (6) or seven (7) years, provided that for Eligible Customers who are foreigners residing in Singapore, the tenor of each Instalment Plan will be capped at the remaining validity period of their employment pass, rounded down to the nearest whole year.
9. A processing fee may be imposed by HSBC at its discretion for each approved application; please refer to HSBC web site for further details. Such processing fee will be charged to the Eligible Customer’s HSBC Personal Line of Credit account upon approval of the application.
10. Upon approval of an application, the available credit limit on the Eligible Customer’s HSBC Personal Line of Credit account will be reduced by the approved Instalment Plan Amount.
11. HSBC will credit the approved Instalment Plan Amount into the relevant Singapore dollar denominated deposit account held in the name of the Eligible Customer as specified in the application.
12. The monthly instalment amounts in respect of each approved Instalment Plan (each, a “Monthly Instalment”) will be charged to the Eligible Customer’s HSBC Personal Line of Credit account every month, on the statement date. Each Monthly Instalment shall comprise (i) a principal component, and (ii) an interest component. The interest component shall be computed by applying the effective interest rate applicable to the Programme to the outstanding balance of the Instalment Plan Amount (net of the processing fee) based on a monthly reducing method, and shall be calculated at daily rest on a 365 days per year basis. Subject to clause 13, each Monthly Instalment shall be fixed, but the principal and interest components which make up the Monthly Instalment may vary, and shall be determined at HSBC’s discretion.
13. HSBC reserves the right to vary the amount of the last Monthly Instalment to ensure that the Instalment Plan Amount is repaid in full on the last repayment date.
14. 100% of the Monthly Instalment will be included as part of the minimum payment due amount in the Eligible Customer’s monthly statement for his/ her HSBC Personal Line of Credit account. If the Monthly Instalment is not repaid in full by the payment due date, the outstanding amount will be subject to the prevailing interest rate applicable to the HSBC Personal Line of Credit account. Please refer to HSBC web site for further details regarding the effective interest rate applicable to the Programme and the prevailing interest rate applicable to HSBC Personal Line of Credit accounts.
15. Any changes to the Instalment Plan Amount, the tenor of the Instalment Plan and/ or the Monthly Instalment are not allowed after an Instalment Plan is approved.
16. Without prejudice to HSBC’s reasonable right of appropriation, payments made to an Eligible Customer’s HSBC Personal Line of Credit account shall be applied in the following order of priority:
    a) Monthly Instalments;
    b) any interest charges, late charges, annual fees and outstanding balances under the HSBC Personal Line of Credit account (other than any outstanding amounts relating to HSBC Personal Line of Credit Balance Transfer); and
    c) any outstanding amounts relating to HSBC Personal Line of Credit Balance Transfer.
17. An Eligible Customer may make early repayment of the Instalment Plan Amount in full by either (i) completing and submitting a repayment form to HSBC (which is available on HSBC’s web site) at least thirty (30) days prior to the repayment date, or (ii) subject to the HSBC’s approval, completing and submitting the repayment form to HSBC and paying HSBC thirty (30) days’ interest on the amount repaid. Such notice of early repayment shall be irrevocable. For the avoidance of doubt, any early repayment of part (and not all) of the outstanding balance of the Instalment Plan Amount is not allowed.
18. An early repayment fee calculated based on 2.5% of the outstanding balance of the Instalment Plan Amount will be imposed for any early repayment or termination of the Instalment Plan. HSBC may at its absolute discretion from time to time vary the early repayment fee by giving minimum thirty (30) days’ advance written notice to Eligible Customers. Such revised early repayment fee shall become effective from the date stated in such notice.
19. Upon termination of an Instalment Plan for any reason, all outstanding amounts in connection with the Instalment Plan shall immediately become due and payable.
20. HSBC may vary these terms and conditions or suspend or terminate the Programme. Where possible, customers will be informed at least 30 days in advance.
21. The terms and conditions contained herein are in addition to the HSBC Personal Line of Credit & Personal Term Credit Terms and Conditions, which shall continue to apply.

What is HSBC Personal Line of Credit Instalment Plan (PIP)
It is a feature of HSBC Personal Line of Credit, where you are able to apply for an instalment loan with your existing credit limit with Personal Line of Credit.

How is HSBC Personal Line of Credit Instalment Plan different from HSBC Personal Instalment Loan?
HSBC Personal Line of Credit Instalment Plan is drawing down from your existing granted credit limit, and as you repay, your credit limit gets reinstated. Application for PIP is easier, as no supporting documents are required. For HSBC Personal Instalment Loan, it is a freshly granted loan amount, and the loan amount will not be reinstated. Supporting documents are required for application of HSBC Personal Loan.

I have an existing joint PLOC account. Can I apply for PIP?
No, you can only apply forPIP with your existing PLOC account in sole name.

Can I convert my existing outstanding balances into instalment?
No, we do not offer this feature at this present moment.

How many years can I borrow for?
You may apply for tenors between 1 and 7 years if you are a salaried employee, otherwise, up to 5 years. If you are a foreigner, the loan tenor will be capped at the expiry of your Employment Pass.

How many Instalment Plans can I take up?
You may take up to 5 Instalment Plans, as long as you have available credit limit.

After applying for Personal Line of Credit Instalment Plan, what can I expect?
An approval letter for your HSBC Personal Line of Credit Instalment Plan will be sent to your mailing address within 5 working days.

The approved loan amount will be disbursed to the designated account you have indicated in the application form.

What can I do with the remaining credit limit in the Personal Line of Credit account?
You have the flexibility to use the available credit limit (up to 95%) to take up another HSBC Personal Line of Credit Instalment Plan, or you can use the available credit limit to make withdrawals using your Personal Line of Credit Debit Card and chequebook, or take up a Balance Transfer.

Am I eligible to apply?
You will be eligible to apply if you have an existing Personal Line of Credit with good credit standing, and available Credit Limit.

What are the documents required to apply?
You will only need to fill up the Personal Line of Credit Instalment Plan application form, no other supporting document is required.

What is the minimum loan amount that I can apply for?
The minimum loan amount is S$1,000

What is the maximum loan amount that I can apply for?
The maximum loan amount will be 90% of your available credit limit, or 95% of your available credit limit if you are a Premier customer, or an amount HSBC may in its discretion determine.

What is the interest rate of HSBC’s Personal Line of Credit Instalment Plan?
The interest rate offered for your HSBC Personal Line of Credit Instalment Plan will be communicated through Short Message Service (“SMS”) to your registered mobile number with the Bank. The final interest rate offered will be based on your personal credit profile. Therefore, it may differ from the published rate and the rate offered to other borrowers. For such instances, you will need to reply ‘Y’ to proceed with the application.

How is the interest calculated on my Instalment Plan?
Interest will be charged using the reducing balance method, and at daily rest on 365 days per year basis. The applicable interest rate will be stated on the notification letter to be sent to you.

How will I know if my Personal Line of Credit Instalment Plan has been approved?
You will receive a notification letter via post to your address informing you of your loan details such as loan amount, interest rate, loan tenor, monthly installment amount and repayment account number. You will also receive a notification letter if your application is not successful.

How can I access the funds drawn in Instalment Plan?
Once your Personal Line of Credit Instalment Plan application is approved, we will disburse the loan proceeds to your designated account you have indicated on the application form.

How do I know what ismy monthly instalment amount?
The monthly instalment amount will be stated on the notification letter sent to you.

When will the monthly instalment be charged?
The monthly instalment will be the statement date of your HSBC Personal Line of Credit. In general, if your loan is approved 5 days or lesser from your statement date, your first repayment due will fall on the upcoming statement. If your loan is approved beyond 5 days from statement date, your first repayment will fall on the statement date of the subsequent month.

How do I make monthly repayment?
Your monthly instalment will be posted toyour HSBC Personal Line of Credit on your statement date. You have up to the due date to make payment. You can make repayments by crediting funds into your Personal Line of Credit account

What happens if I do not make repayment by the due date of my HSBC Personal Line of Credit?
If you do not make repayment by the due date, the monthly instalment will be subjected to the prevailing interest rates from the day it is charged. It will be billed together on your interest charged date, typically on the 24th of every month.In addition, you will also incur a late payment fee.

I have an existing Balance Transfer, and I made some withdrawals from the ATM and I have a monthly instalment charged on the amount. How will the payment be apportioned?
The repayment will be made on the following priority:
i.Any monthly instalments,
ii.any debit amounts that are being charged on prevailing rates (including fees and charges), followed by
iii.any debit amounts on balance transfer.

I do not need the loan anymore. How do I redeem my Instalment Plan?
You will need to send us the completed “HSBC Personal Line of Credit –Instalment Plan Full Repayment Form” 30 days in advance to redeem the loan.

Is there any early repayment fee?
Yes, there is an early repayment fee should you wish to redeem the instalment plan. Please referto our “Fees and charges” information, which is available on our website.

What is HSBC Personal Loan?
It is a loan that allows you to enjoy loan amount of up to eight times (8X) your monthly income with fixed monthly repayments/installments.

How many years can I borrow for?
You may apply for a loan tenor for one, two, three, four or five years. If you are a salaried employee, you may apply for up to six or seven years.

What are the documents required for submission?
For salaried employees:

• Photocopy of NRIC (front and back)
• Latest 3 months' computerised payslips OR latest Notice of Assessment⁵ with latest 1 month's payslip OR latest 6 months' CPF statement⁶

For self-employed/commission-based earners:

• Photocopy of NRIC (front and back)
• Last 2 years' Notice of Assessment

For foreigners: Passport

• Employment Pass (with validity of at least one year)
• Latest 3 months' computerised payslips OR latest Notice of Assessment⁵ with latest 1 month's payslip OR latest 6 months' CPF statement⁶

5 You can now print your Notices of Assessment at myTax Portal with your SingPass or IRAS PIN. This service is free. Log on to https://mytax.iras.gov.sg for more details.
6 You may submit your CPF Statements via www.hsbc.com.sg.

Note: Proof of residential or mailing address is required should any of the addresses indicated on the application form differs from either one of the addresses in the documents provided.

Do I need to provide a guarantor or any collateral to apply for a Personal Loan?
No. You do not need a guarantor or any collateral to avail HSBC Personal Loan.

What is the minimum loan amount that I can apply for?
The minimum loan amount is S$5,000

What is the maximum loan amount that I can apply for?
For individuals with an annual income of at least S$30,000 but less than S$120,000, up to four times (4X) your monthly income subject to a maximum of S$200,000 or an amount HSBC may in its discretion determine.
For individuals with an annual income of at least S$120,000, the total loan amount for HSBC Personal Loan will be capped at up to eight times your monthly income as indicated in the income documents submitted, subject to a maximum of S$200,000, or a higher amount which HSBC may in its discretion determine.
This is subject always to your aggregate maximum credit limit with HSBC for all unsecured facilities, regardless of the number of HSBC Credit Card(s) and/or Unsecured Loans Facility(ies) you hold or apply for, being no more than 4X your monthly income.

How will I know if my Personal Loan had been approved?
If you are applying online, you will receive an email informing you of the preliminary result of your application. If you have been granted approval-in-principle, you will be requested to submit the required application documents, as will be indicated in the email sent to you.
Once your Personal Loan application is granted a final approval, HSBC will disburse the loan proceeds into an HSBC repayment account. Subsequently, HSBC will send you a Notification Letter via post to your address informing you of your loan details such as loan amount, interest rate, loan tenor, monthly installment amount and repayment account number.

How can I access the funds to my Personal Loan?
Upon loan approval, a repayment account will be opened along with your loan account to facilitate your monthly repayments. The loan proceeds will be disbursed into your repayment account. You may withdraw the funds over-the-counter at any HSBC branch in Singapore (first Casher's Order issuance is free) or via ATM using the debit card, which will be sent to you via post.

How will interest be charged on my loan account?
Interest will be charged using the reducing balance method, and at daily rest on 365 days per year basis. The applicable interest rate will be stated on the Notification Letter to be sent to you.

When is the repayment due date?
Your repayment due date will be stated on the Notification Letter that the Bank will post to you. In general, your first repayment due date will be one month from your loan approval date, and will fall on the same date on subsequent months, unless otherwise stated in the Notification Letter.

What is my monthly repayment amount?
Your monthly repayment amount will be stated on the Notification Letter sent to you.

What are the modes of repayment for HSBC Personal Loan?
The monthly repayment amount will be debited from your HSBC repayment account each due date. You may deposit funds into your repayment account via the following methods:

• By Cheque - You may drop your cheque in the Cheque Deposit Box found in any HSBC branch (Please allow for two banking days cheque clearing period).
• By Cash - You may make your cash deposit using the Cash Deposit Machines found at HSBC branches.
• By Bank Transfer - You may transfer funds from your other bank accounts to your Repayment Account through Internet Banking, Phone Banking or over-the-counter.

Will I get a loan account statement detailing my payments and outstanding balance?
Yes. You will receive an annual loan account statement, which will reflect your payments, transactions, and outstanding balance. You will also receive a monthly composite statement, which will reflect the transactions and outstanding balance on your HSBC accounts (except Personal Line of Credit).

What will happen if I miss a loan repayment?
If the monthly installment is not received by the due date, late payment interest and late payment fee (as stated in the Notification Letter) will apply.

What should I do if I want to repay my loan (partially or in full) in advance?
If you wish to make an early repayment, whether partial or in full, you need to send your original written instruction to HSBC at least one month prior to the repayment date. Upon receipt, HSBC will send you details of the amount you need to pay into your repayment account, as well as the date that the repayment will be effected.