With instant funding available at a fixed interest rate, HSBC personal loans can help you consolidate your debt, buy a new car or start that home refurbishment you’ve been planning for a while.
Founded in 1865 and now a global business with more than 38 million customers, HSBC is one of the main banks in the UK and can boast a long experience of lending money to individuals and businesses.
To existing customers, HSBC offers a competitive and fee-free personal loan option. If you are an Advance customer, at the end of the loan term, you may also be eligible for a 10% cashback on your interests.
In most cases, it’ll instantly let you know whether you’ve been accepted, so that you can get it over with and the fun part can start right away – be it planning a wedding, picking furniture or visiting a car dealer.
|Loan type||Unsecured Personal Loan|
|Loan amounts||£1,000.00 to £25,000.00|
|Loan terms||1 Year to 8 Years|
|Loan rate type||Fixed|
|Same day funding available|
|Same day funding note||Apply online or in branch to receive same day funds|
|Instant decisions in most cases|
|Soft-search facility available|
|Overpay without penalty|
|Concurrent loans allowed|
|Topping-up pays off existing loan and initiates a new loan|
|Repayment methods||Direct Debit|
Am I eligible?
|Available to||Existing Customers only|
|Age||18 or over|
|Income||£10000.00 Per Annum|
|Acceptance note||Minimum Applicant Income £10,000 Per Annum.|
How do I apply?
Once you’ve looked at personal loans and decided to apply, the most practical way of doing it is online – existing HSBC customers can log in to their online banking and apply either from the website or directly from the app.
However, you may prefer talking it through with someone in person before making a final decision. In that case, you can book an appointment for an in-person application at an HSBC branch. You’ll need to bring the following:
You can book an appointment online by logging in to HSBC with your online banking credentials.
In order to be eligible for the 10% cashback, you need to be an HSBC Advance customer – you can apply online to become one if you pay at least £1,750 a month into your account. However, keep in mind that if you pay off your loan early, you won’t be able to get the cashback.