HSBC loan calculator

Our HSBC loan calculator will help you work out how much you'll pay back on an HSBC personal loan.

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Option to defer repayments for three months at the start of your loan
New customers could wait up to five working days for a decision on their application

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Save time by checking whether (or not) you’ll be approved with multiple lenders and get rates based on your credit score.

HSBC loans calculator

Table: sorted by representative APR, promoted deals first
Name Product Total Payable Monthly Repayment Representative APR Link
HSBC Personal Loan
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Representative example: Borrow £10,000.00 over 3 years at a rate of 3.3% p.a. (fixed). Representative APR 3.3% and total payable £10,509.12 in monthly repayments of £291.92.
HSBC Existing Customer Personal Loan
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Representative example: Borrow £10,000.00 over 3 years at a rate of 3.3% p.a. (fixed). Representative APR 3.3% and total payable £10,509.12 in monthly repayments of £291.92.
HSBC Premier Customer Personal Loan
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Representative example: Borrow £10,000.00 over 3 years at a rate of 3.3% p.a. (fixed). Representative APR 3.3% and total payable £10,509.12 in monthly repayments of £291.92.
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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

HSBC offers fixed-rate, unsecured personal loans at competitive rates to new and existing customers. You can borrow from £1,000 to £25,000, with loan terms of 1 to 7 years, or up to 8 years for loans over £15,000.

Name Product Total Payable Monthly Repayment Representative APR Link
Lending Works Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 5.8% p.a. (fixed) with an application fee of £0.00. Representative APR 10.0% and total payable £11,543.40 in monthly repayments of £320.65.
HSBC Premier Customer Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.3% p.a. (fixed). Representative APR 3.3% and total payable £10,509.12 in monthly repayments of £291.92.
HSBC Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.3% p.a. (fixed). Representative APR 3.3% and total payable £10,509.12 in monthly repayments of £291.92.
Hitachi Personal Finance Hitachi Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.9% p.a. (fixed). Representative APR 3.9% and total payable £10,601.64 in monthly repayments of £294.49.
Zopa Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 5 years at a rate of 8.8% p.a. (fixed) with an application fee of £240.00. Representative APR 9.9% and total payable £12,602.87 in monthly repayments of £210.05.
AA Member Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.0% p.a. (fixed). Representative APR 3.0% and total payable £10,462.68 in monthly repayments of £290.63.
Post Office Money® Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.3% p.a. (fixed). Representative APR 3.3% and total payable £10,509.12 in monthly repayments of £291.92.
HSBC Existing Customer Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.3% p.a. (fixed). Representative APR 3.3% and total payable £10,509.12 in monthly repayments of £291.92.
Royal Bank of Scotland Existing Customer Personal Loan (specific eligibility criteria apply)
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View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.4% p.a. (fixed). Representative APR 3.4% and total payable £10,524.24 in monthly repayments of £292.34.
NatWest Existing Customer Personal Loan (specific eligibility criteria apply)
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View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.4% p.a. (fixed). Representative APR 3.4% and total payable £10,524.24 in monthly repayments of £292.34.
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Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

HSBC customer review

Taking out the loan was incredibly easy to do online and management of the loan alongside my existing HSBC products was helpful.”

HSBC customer in Finder's 2020 survey

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 these loans should not be used for funding or part funding a property, gambling, business purposes or share dealing.

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.
  • Cashback option. HSBC Advance customers may be eligible to receive cashback at the end of the loan term.

What is APR?

The Annual Percentage Rate (APR) is a figure designed to provide an annual summary of the cost of a loan. It takes into account both interest and any mandatory charges you will need to pay (for example an arrangement fee) over the duration of a loan.

All lenders must calculate the APR of their products in the same way, and must tell you the APR before you sign an agreement, which means it can be a handy tool for comparing different loans.

However, lenders only need to award this rate to 51% of those who take out the loan – the other 49% could end up paying much more. This is why it’s often referred to as the representative APR, as it will not necessarily be the rate you receive if you’re approved for a loan.

How does a HSBC personal loan work?

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.

3. Get a decision.
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.

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.

Frequently asked questions

Get personalised loan quotes

Save time by checking whether you’ll be approved with multiple lenders and get rates based on your credit score.

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.

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4 Responses

  1. Default Gravatar
    PetruFebruary 1, 2019

    I need loan because I am doing some home improvements.

    • Avatarfinder Customer Care
      JeniFebruary 2, 2019Staff

      Hi Petru,

      Thank you for getting in touch with finder.

      Kindly fill in the application form via the HSBC website to proceed with your online loan application. Please make sure that you have your bank’s sort code and account number handy. You should only apply for an HSBC personal loan if you’re certain you can meet the repayment terms as well as the eligibility requirements that you see on this page.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  2. Default Gravatar
    DavidOctober 20, 2018

    Can I apply for a loan now and use the money straight away?

    • Avatarfinder Customer Care
      JeniOctober 24, 2018Staff

      Hi David,

      Thank you for getting in touch with finder.

      Once you apply for a loan and get approved, you may use the money at any time and how you want to use it. Before you submit a loan application, kindly check if you’re eligible for the personal loan and have all documents handy. Also, please make sure that you’ve read the relevant T&Cs or PDS of the loan product before making a decision and consider whether the product is right for you.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

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