HSBC loan calculator

Use our HSBC loan calculator to get an idea of how much you'd pay back on a fixed-rate, unsecured HSBC personal loan as a new or existing customer. Loan amounts between and starting from .

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HSBC loan calculator

Table: sorted by representative APR, promoted deals first
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Product UKFPL Finder Score Total Payable Monthly Repayment Representative APR
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Finder Score for unsecured loans

To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.

Read the full methodology

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

Late repayments can cause you serious money problems. See our debt help guides.

How do HSBC loans compare against the competition?

Table: sorted by representative APR, promoted deals first
1 - 11 of 11
Product UKFPL Finder Score Total Payable Monthly Repayment Representative APR
Novuna Personal Finance logo
Finder score
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.2% p.a. (fixed). Representative APR 6.2% and total payable £10,956.60 in monthly repayments of £304.35.
Check eligibilityView details
My Community Bank logo
Finder score
Representative example: Borrow £5,000 over 48 months at a rate of 24.2% pa (fixed). Representative APR 27.1% and total payable £7,853.87 in monthly repayments of £163.62.
Check eligibilityView details
Fluro logo
Finder score
Representative example: Assumed borrowing of £7,500.00 over 48 months at 17.9% APR representative. Monthly cost of £214.79. Total amount repayable of £10,309.78. Interest rate of 16.6% p.a.(fixed) and total fees of £150.00. Available for loan amounts between £5,000 - £25,000.
Check eligibilityView details
Barclays Existing Current Account Loan
Barclays Bank logo
Finder score
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.5% p.a. (fixed). Representative APR 6.5% and total payable £11,003.04 in monthly repayments of £305.64.
View details
Plend logo
Finder score
Representative example: Borrow £8,000 over 48 months at a rate of 16.66% p.a. (fixed). Representative APR 17.99% and total payable £11,013.12 in monthly repayments of £229.44.
View details
Tesco Bank logo
Finder score
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.4% p.a. (fixed). Representative APR 6.4% and total payable £10,987.56 in monthly repayments of £305.21.
View details
Tesco Bank logo
Finder score
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.0% p.a. (fixed). Representative APR 6.0% and total payable £10,925.64 in monthly repayments of £303.49.
View details
Lendwise logo
Finder score
Representative APR 10% (fixed).
View details
Zopa logo
Finder score
Representative example: Borrow £1,500.00 over 3 years at a rate of 22.9% p.a. (fixed). Representative APR 22.9% and total payable £2,028.60 in monthly repayments of £56.35.
View details
Lloyds Bank logo
Finder score
Representative example: Borrow £10,000.00 over 3 years at a rate of 0.0% p.a. (fixed). Representative APR 0.0% and total payable £0.00 in monthly repayments of £0.00.
View details
thinkmoney logo
Finder score
Representative example: If you borrow £29,100 over 12 years, initially on a fixed rate for 5 years at 8.885% and for the remaining 7 years on the Lender's standard variable rate of 9.285%, you would make 60 monthly payments of £375.53 and 84 monthly payments of £380.29.
View details
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Finder Score for unsecured loans

To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.

Read the full methodology
Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

Our verdict

HSBC offers loans suitable to those looking for competitive interest rates and the flexibility to overpay without charges. However, it’s important to note that the most competitive rates are only available if you have a good credit history. Furthermore, while existing customers can enjoy the convenience of an instant decision and same-day funds, new customers may not have access to these expedited services and may be offered a higher interest rate.
Pros
  • Competitive interest rates
  • You can overpay free of charge
  • Instant decisions in most cases
  • Same-day funding for existing HSBC customers
  • HSBC Premier customers can access lower rates
Cons
  • You’ll need good credit for low rates
  • Instant credit decision and same-day funds for existing customers only
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.6% p.a. (fixed). Representative APR 6.6% and total payable £11,018.64 in monthly repayments of £306.07.
HSBC Personal Loan
Finder Award
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6.6% APR representative (Fixed)

Maximum loan

£25,000

Product fee

N/A

Early redemption fee

Yes

Quick overview of HSBC personal loans

Loan amount not specified
Loan terms From year to years
Age eligibility Age eligibility not specified
Application fee No application fee
Repayment holiday Repayment holiday not permitted

Key features

Am I eligible for an HSBC loan?

You should only apply if you’re certain you can meet the repayment terms, and you meet the following HSBC personal loan requirements:

  • You must be aged over 18.
  • Have an annual income of at least £10,000 (this can include pension income).
  • Be a UK resident.
  • Have a UK based bank or building society account that can pay direct debits.

HSBC states that you can’t use an HSBC loan for funding (or part funding) a property, gambling, business purposes or share dealing. It also says you can’t give the money to somebody else to do any of those things.

HSBC Premier Customer Personal Loans are only available to HSBC Premier customers. To become eligible for an HSBC Premier Bank Account, you’ll need to have your salary paid into your HSBC account and either have savings or investments of at least £50,000 with HSBC in the UK, or you’ll need an individual annual income of at least £75,000 and a mortgage, investment, life insurance or protection product with HSBC in the UK.

If you do have an HSBC Premier account, you can apply online, on the phone or in person.

Things to keep in mind

  • Rates may vary. HSBC personal loans are unsecured – meaning they’re based on your creditworthiness, rather than the value of any property or other assets you use as collateral. While HSBC’s rates are normally competitive, the advertised representative APR may not be the rate you’ll receive, and HSBC will offer you a rate based on its assessment of your personal financial circumstances.
  • Repayment holidays. You have the option of taking a repayment holiday for the first three months of your loan term, or every January for the life of the loan. However, this will cost you more overall, because your outstanding balance will still be accruing interest during these periods.
  • Quick turnaround. HSBC account holders may get approved for a loan immediately, and other customers should be contacted with a credit decision within five working days. Successful applicants will generally get their funds within three working days, but existing HSBC customers may receive their money instantly.

How do I apply for an HSBC loan?

If you want to apply for a HSBC personal loan, you can do so by following these steps:

  1. Get a personalised quote.

    Use HSBC’s “Personalised Loan Quote tool” to get an indication as to whether your application would be successful. This involves a “soft” search of your credit file, which doesn’t affect your credit score. You’ll need to provide three years of address history, as well as your current income and employment details in order for HSBC to run the check.

    HSBC personalised loan quote tool form step 1 screenshot
    HSBC personalised loan quote tool form step 2 screenshot
    HSBC personalised loan quote results screenshot
  2. Apply.

    If you’re happy with the quote, you can then click “Apply now”. You’ll also need to provide the sort code and account number of your bank or building society account. It’s once you do this that HSBC will run a “hard” credit search (which has a slight, usually short-lived dent on your credit score).

  3. Get a decision (and if it’s good news, a formal “loan offer”).

    Once your application has been received, you’ll generally need to wait up to five working days for a decision. For existing HSBC account holders, you may get an instant decision on your loan application.

  4. Accept the loan offer and wait for drawdown of funds.

    If you accept the loan offer, funds will be send to your nominated account. If that’s an HSBC current account, the transfer should be near-instant, but if it’s not, HSBC says you may have to wait up to 3 working days.

Can I get an HSBC secured loan?

HSBC does offer traditional “first charge” mortgages, however it doesn’t offer “second charge” mortgages (also known as “homeowner loans”). If you’re a homeowner with a mortgage, then a homeowner loan can let you leverage the equity you’ve built up in your home to access larger loan amounts and/or lower interest rates. You can learn about secured loans and compare your options in our comprehensive guide.

How do I get in contact with HSBC?

HSBC offer online chat functions on both the HSBC webiste and app. Alternatively, you can ring HSBC on 03457 404 404 if you are an existing customer, or if you’re not a customer, you can call 03455 873 444. Lines are open 08:00–20:00 every day (except for Christmas Day, Boxing Day and New Year’s Day).

HSBC customer reviews

HSBC was highly commended for its loans in the Finder Customer Satisfaction Awards 2024. In our survey, 94% of its loan customers said they’d recommend the brand to a friend.

Customers were positive about HSBC’s customer service.

One commented:”They are easy to communicate with and explain the breakdown well”

Another said:”It provides very good rates as well as easy accessibility to customer support.”

Ahmed Negri's headshot
Case study: Ahmed took out an HSBC personal loan to buy a car

"I took out an HSBC personal loan in 2018 because I was already banking with HSBC and I wanted the loan to be with my own bank. I had been with HSBC for 20 years. I got the cash within 2 days, which is about what I was expecting. I needed it to buy a car.

If there’s one thing you’d tell a friend who’s thinking of getting this, what would it be?

My advice for anyone thinking of getting a loan is: don’t get it unless you absolutely need to have it and be sure you can afford the repayments."

Ahmed Negri
London

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Chris Lilly's headshot
Written by

Head of publishing

Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

Chris's expertise
Chris has written 597 Finder guides across topics including:
  • Loans & credit cards
  • Building credit
  • Financial health

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