HSBC

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.

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88% of HSBC customers in our 2021 customer satisfaction survey would recommend the brand to a friend
New customers could wait up to five working days for a decision on their application

HSBC loans calculator

Table: sorted by representative APR, promoted deals first

Get personalised loan quotes

Save time by checking whether you'll be approved with multiple lenders and get rates based on your credit score.
Name Product Total Payable Monthly Repayment Representative APR Link
HSBC Personal Loan
Finder Award
HSBC Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.1% p.a. (fixed). Representative APR 3.1% and total payable £10,478.16 in monthly repayments of £291.06.
HSBC Existing Customer Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.1% p.a. (fixed). Representative APR 3.1% and total payable £10,478.16 in monthly repayments of £291.06.
HSBC Premier Customer Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.1% p.a. (fixed). Representative APR 3.1% and total payable £10,478.16 in monthly repayments of £291.06.
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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
Name Product Total Payable Monthly Repayment Representative APR Link
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.
HSBC Personal Loan
Finder Award
HSBC Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.1% p.a. (fixed). Representative APR 3.1% and total payable £10,478.16 in monthly repayments of £291.06.
Hitachi Personal Finance Hitachi Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.2% p.a. (fixed). Representative APR 3.2% and total payable £10,493.64 in monthly repayments of £291.49.
Lending Works Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 7.1% p.a. (fixed) with an application fee of £0.00. Representative APR 10.7% and total payable £11,651.40 in monthly repayments of £323.65.
HSBC Existing Customer Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.1% p.a. (fixed). Representative APR 3.1% and total payable £10,478.16 in monthly repayments of £291.06.
Barclays Bank Existing Current Account Customer Barclayloan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 7.9% p.a. (fixed). Representative APR 7.9% and total payable £11,219.04 in monthly repayments of £311.64.
Lloyds Bank Existing Customer Personal Loan
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.
HSBC Premier Customer Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.1% p.a. (fixed). Representative APR 3.1% and total payable £10,478.16 in monthly repayments of £291.06.
My Community Bank Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 17.1% p.a. (fixed). Representative APR 17.1% and total payable £12,636.72 in monthly repayments of £351.02.
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Compare up to 4 providers

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

HSBC loan rates at a glance

The HSBC Personal Loan charges 3.1% APR representative on loans between £7,000 and £15,000. HSBC offers the loan with repayment terms between 1 and 8 years and applicants can apply to borrow from £1,000 to £25,000.

The HSBC Premier Customer Personal Loan charges 3.1% APR representative on loans between £7,000 and £15,000. HSBC offers the loan with repayment terms between 1 and 8 years and applicants can apply to borrow from £1,000 to £50,000.

The HSBC Existing Customer Personal Loan charges 3.1% APR representative on loans between £7,000 and £15,000. HSBC offers the loan with repayment terms between 1 and 8 years and applicants can apply to borrow from £1,000 to £25,000.

Overview of features

Loan typeUnsecured Personal Loan
Loan amounts£1,000.00 to £25,000.00
Loan terms1 Year to 8 Years
Loan rate typeFixed
Product fee0%
Same day funding available
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Topping-up pays off existing loan and initiates a new loan
Repayment methodsDirect Debit
Loan typeUnsecured Personal Loan
Loan amounts£1,000.00 to £50,000.00
Loan terms1 Year to 8 Years
Loan rate typeFixed
Product fee0%
Same day funding available
Same day funding noteApply online or in branch to receive same day funds
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Topping-up pays off existing loan and initiates a new loan
Repayment methodsDirect Debit
Loan typeUnsecured Personal Loan
Loan amounts£1,000.00 to £25,000.00
Loan terms1 Year to 8 Years
Loan rate typeFixed
Product fee0%
Same day funding available
Same day funding noteApply online or in branch to receive same day funds
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Topping-up pays off existing loan and initiates a new loan
Repayment methodsDirect Debit

I’ve been banking with HSBC for 15 years now, never had a problem and they are very helpful. They also have a good range of product services on offer.”

HSBC customer in Finder's 2021 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.

APR and Representative APR explained

The Annual Percentage Rate (APR) is a summary of the yearly cost of a loan. It takes into account both interest and any unavoidable charges you'll need to pay (for example an arrangement/product fee) over the duration of a loan. Because HSBC doesn't charge an arrangement fee, its APR comprises just the interest rate – and so they're one and the same.

However, the vast majority of lenders tailor rates (and therefore APRs) to the individual applicant. If they think you're a riskier bet, they'll offset that by offering you a higher APR. The "representative APR" (as defined by the Financial Conduct Authority) is what HSBC gives to at least 51% of those who take out the loan. At the top end of the market – where HSBC fights it out among the high-street banks and supermarkets – chances are that 49% of customers are receiving a higher APR. With HSBC, you'll need a good credit score to get approved and a great credit score to bag that representative APR. HSBC must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.

HSBC advertises a representative APR of 3.1% on loans between £7,000 and £15,000 on the HSBC Personal Loan and 3.1% on loans between £7,000 and £15,000 on the HSBC Premier Customer Personal Loan and 3.1% on loans between £7,000 and £15,000 on the HSBC Existing Customer Personal 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.

HSBC customer reviews

Customers in Finder’s 2021 customer satisfaction survey were highly positive about HSBC, with customers praising it as “trusted” and a “good brand”. One customer said HSBC “offered great customer service and were very fair and friendly.”

HSBC was the winner in our 2021 customer satisfaction awards, with a rating of 4.5 out of 5. 88% of HSBC customers also said they would be willing to recommend the brand to a friend.

Frequently asked questions

Personal loans ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our customer satisfaction scores ("Customers say") are based on a survey of 751 customers carried out in December 2020.

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.

More guides on Finder

  • HSBC loan calculator

    Considering an HSBC personal loan? Use our calculator to work out how much it will cost you each month and overall.

  • review October 2021

    HSBC offers competitive, fee-free personal loans with instant funding available to existing customers. Learn how they work and how you can apply.

  • review 2021

    Finance your new car or refurbish your living room with HSBC fee-free personal loans for new and existing customers. Here’s how they work and how to apply.

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4 Responses

    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

    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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