HSBC Personal Loan Rates & Fees, Review & Compare - Best Find

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Hsbc Personal Loans

HSBC Personal Loan

Whatever you have in mind, you could make it happen with an HSBC Personal Loan. Enjoy a fixed interest rate for the life of the loan.

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate9.50%

Comparison rate10.06%

Monthly repayments (approx)$325

Total repayments (approx)$11,710

Total interest repayments (approx)$1,710

Rate typeFixed

Secured or unsecuredUnsecured

Security required No

Encumberance/REVVS check fee$0

Application / establishment fee$150

Other Fees & Information

Monthly fee$5

Quaterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$199

Missed payment fee$30

For debt consolidation?Yes

Sponsored No

Telephone1300 308 280

Data accurate as of6/04/2017

Comparison rate warning The comparison rate is based on an unsecured loan of $30,000 over the term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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HSBC Premier Personal Loan

Renovate your home, get a new car or plan a dream holiday. Whatever you have in mind, you could make it happen with an HSBC Premier Personal Loan.

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate9.50%

Comparison rate9.72%

Monthly repayments (approx)$325

Total repayments (approx)$11,704

Total interest repayments (approx)$1,704

Rate typeFixed

Secured or unsecuredUnsecured

Security required No

Encumberance/REVVS check fee$0

Application / establishment fee$150

Other Fees & Information

Monthly fee$0

Quaterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$199

Missed payment fee$30

For debt consolidation?Yes

Sponsored No

Telephone1300 308 280

Data accurate as of6/04/2017

Comparison rate warning The comparison rate is based on an unsecured loan of $30,000 over the term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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Did you know you can compare 100’s of personal loans? Browse, filter and on our main personal loans comparison page.

Compare and review HSBC personal loan rates

Looking to make major purchase, go on a holiday or perhaps to consolidate your existing debts into one simple regular repayment? When comparing HSBC personal loans, there are other important things to consider and understand, other than just HSBC’s interest rates.

What personal loan options does HSBC offer?

HSBC has 2 personal loan products:

  • HSBC Personal Loan
  • HSBC Premier Personal Loan

 

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare HSBC car loans, HSBC home loan and HSBC credit cards.

Do you have a HSBC personal loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

How to apply for a HSBC Personal Loan?

If you’d like to apply online for a HSBC personal loan, just scroll up and click on “Learn more” to be taken to HSBC’s secure online application form. Before you apply, be sure to learn about HSBC’s personal products, fees and eligibility criteria. Give yourself around 30 minutes to complete the application.

HSBC’s personal loan eligibility criteria

Before you apply for a personal loan, be sure to understand and meet the HSBC’s lending criteria. Below is high-level overview of HSBC’s criteria:

HSBC’s minimum requirements for a personal loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • An Australian citizen, permanent resident or have a valid visa

Information you’ll need to provide

Whether at the HSBC branch or online, make sure to have the following nearby:

  • Proof of income. A verifiable and steady employment. You may be required to provide copies of your most recent pay slips and employer’s contact information
  • A list of your assets, expenses and liabilities
  • Driver’s licence (if you have one) or other forms of ID

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year
  • Your most recent personal/business tax return

Other things to keeping mind when applying with HSBC

  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your HSBC personal loan

There are many additional factors HSBC consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use a HSBC personal loan for?

You can borrow for almost any worthwhile purpose. No, going to the casino and putting it all on black is not a worthwhile purpose.

Examples of common loan purpose HSBC will lend for:

 

Additional product information

HSBC’s minimum and maximum personal loan amounts and terms

You can borrow between $5,000 and $50,000. Over terms between 1 year and 5 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

HSBC’s repayment schedule

HSBC allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

HSBC allows you to make additional or early repayments. There are fees associated with completely repaying your loan off early.

Redraw facility

HSBC’s Variable Rate Personal Loan gives you the option of being able to make redraws.