HSBC UK Loans: Cash Sent in 10 Minutes.
As one of the world’s largest banks, HSBC operates in 64 countries and territories, including branches in many of the UK’s major cities. The bank offers a myriad of banking and lending products.
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Take a look at our review of HSBC personal loans to determine if it’s right for you. We’ve looked at relevant factors such as rates, credit score requirements, and fees to help you as you shop around.
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Use the sliders to adjust how much you’d like to borrow and over how many months.
You might be able to reduce your monthly repayments, and total amount payable by slightly adjusting the amount you borrow.
HSBC Loan Calculator
If you’re thinking about getting a loan for whatever reason, the main thing you probably want to know is just how much you are going to need to pay back.
Using the HSBC loan calculator could help give you a rough idea of the amount you would owe from one of their Personal Loan plans.
You need to understand however that the HSBC loan calculator will only give you an estimate, the actual interest rate any lender will offer you will be dependent on other factors than just how much you want to borrow and how long you want the repayment term to be such as, a check of your credit score and an assessment of your financial circumstances.
HSBC offer a variety of personal loans allowing you to borrow from £1,000 to £25,000 for periods between 1 and 5 years, although the most you can ask for with an HSBC personal loan is £25,000 the amount they would be willing to lend you may be less than this depending on your credit history.
To be eligible for the base HSBC UK Personal loan you must:
Hold any type of HSBC current account (excluding the Basic Bank Account) Have an annual income or pension of £10,000 or more before tax. Be 18 years old or over and a UK resident.
When taking out a loan of any amount you want to make sure you get the best deal, shopping around could save you a lot of money you can use the calculator on this website to compare over 200 different loans from over 20 different providers, to help you evaluate your options.
How much can I borrow from HSBC?
Both existing and non-existing customers can borrow from £1,000 to £25,000 and spread your repayments over 1 to 5 years for loans of £15,000 and under, or over 1 to 8 years for loans over £15,000.
If you are an existing HSBC customer, you may also be eligible for the premium personal loans where you can borrow from £1,000 – £50,000.
The annual percentage rate that HSBC charge on their loans range from 3.3% – 21.9%. This will vary based on the amount borrowed.
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.
Why get a Personal Loan with HSBC UK?
Borrow from £1,000 to £25,000
Always know what you’ll have to pay with fixed monthly repayments spread over 1 to 5 years for loans of £15,000 or less, or over 1 to 8 years for loans over £15,000.
Get a quick decision
If you’ve got an HSBC current account you can get an instant credit decision, while non-HSBC current account customers should get a credit decision in 2 to 5 working days.
Quick access to funds
Existing HSBC current account customers could receive the money instantly once your application has been approved and the loan agreement has been signed. Non-HSBC current account customers could receive the money into a nominated account 3 working days after the signed loan agreement is received.
Make overpayments free of charge
Manage your finances the way you want with the flexibility to overpay, which could reduce the amount of interest you have to pay.
To request your credit, click on the button below.
