Get the Best HSBC Personal Loan Interest Rates for 2019 Now!

Updated 14 November 2019

Get the latest HSBC Personal Loan interest rates for Singapore on See how HSBC Personal Loan compares against other banks and apply instantly online.

Edit Loan Details

Loan Details


Lowest EIR of 7% p.a.

HSBC Personal Loan

HSBC Personal Loan


Interest Rate
(EIR 7% p.a.)


Total Amount Payable


Processing Fee


Per Month

MoneySmart Exclusive: As low as 3.7% p.a. interest rate + S$0 processing fee Valid till 30 Nov 2019.
  • Min. loan repayment of 1 year to Max. of 7 years
Key Features
  • Enjoy 3.7% p.a. interest rate with min. S$30k annual income for 2 -4 years loan tenor
  • Enjoy 3.8% p.a. interest rate with min. S$30k annual income for 1 year, or 5-7 years loan tenor
  • Minimum S$5,000 loan amount, up to S$200,000
  • S$0 processing fee
Loan Details
Citizenship StatusSingaporean / PR
Minimum Annual Income$30,000
Maximum Loan Tenure7 years
Processing Fee$0
Repayment Summary
Principal Loan Amount$10,000
Interest Rate (p.a)3.70%
Loan Tenure3 years
Total Interest Payable$1,110
Total Amount Payable$11,110
Monthly Instalments$309

MoneySmart lists Personal Loan products that range between a minimum of 1 to a maximum of 7 years. The effective interest rate (EIR) of loan products on our site range from 8.5% p.a. to up to 20.0% p.a. The EIR of your loan will be dependent on the loan you apply for as well as your personal financial needs.

For example, you would need to pay S$316/month for a S$10,000 Personal Loan with a loan tenure of 3 years. This would equate to a total payment of S$11,376 over 3 years. Please view each Personal Loan product in detail for a full breakdown of the interest rate chargeable, minimum and maximum loan tenure as well as processing fees (if applicable).

HSBC Personal Loan Singapore

HSBC Personal Loan offers the longest loan tenure of up to 7 years. Aside from competitive loan rates, both locals and foreigners may borrow up to 8x their monthly income.

HSBC Personal Loan Interest Rates & Fees

ParticularsSingapore / PRForeigner
Interest RateFrom 3.7% p.a.From 3.7% p.a
Effective Interest Rate (E.I.R)Fixed at 7.0% p.a.Fixed at 7.0% p.a.
Processing Fee$0$0
Maximum loan amount‎8X of monthly salary, up to $200,0004X your monthly salary, up to $100,000
Minimum Annual Income$30,000$40,000
Loan Tenure1 - 7 Years1 - 7 Years
Approval duration1 min approval in-principal1 min approval in-principal
Late payment chargeS$75S$75
Early settlement penalty2.5% of the redemption amount2.5% of the redemption amount
PromotionProcessing fee waiver (S$88 or 1% of loan amount)Processing fee waiver (S$88 or 1% of loan amount)

HSBC Personal Loan Eligibility

To be eligible for an HSBC Personal Loan, you have to be at least 21 years old. Salaried Singaporeans or PRs should earn a minimum annual income of $30,000. On the other hand, the minimum annual income for self-employed or commission-based citizens or PRs is $40,000.

If you’re a foreigner, your annual income should be $40,000 and above. On top of that, you need to make sure that your employment pass is still valid for at least 1 year.

HSBC Personal Loan Interest Rate

Currently, the interest rate for HSBC personal loan stands at 3.7% p.a. or EIR 7% p.a. The EIR is already inclusive of the processing fee, which is calculated based on 1% of the approved loan amount (min $88). To secure this low interest rate from HSBC, you may apply for your personal loan through MoneySmart.

Take note that if you choose to repay your personal loan early, you’ll be subject to a repayment fee amounting to 2.5% of the redemption amount.

To get an overview of your monthly repayment based on your chosen loan amount and tenure, you can use the HSBC Personal Loan Calculator.

HSBC Personal Loan Promotion

HSBC is offering a promotional interest rate from as low as 3.7% p.a. (EIR 7% p.a.) until 30 Sep 2019. Aside from this attractive rate, customers who apply through MoneySmart get to waive the processing fee. If you apply online via HSBC, you’ll receive an additional $100 cashback.

Keep in mind that no matter how enticing the interest rates are, you should only sign up for a personal loan if you need to consolidate debts or manage your cash flow.

HSBC Personal Loan Hotline

To learn more about HSBC Personal Loans, you can call HSBC’s 24-hr hotline at 1800 HSBC NOW (4722 669) or if you’re calling from overseas, (65) 64722 669.

Frequently Asked Questions

How to apply for a personal loan with HSBC?

Applying for an HSBC personal loan is easy. Simply visit HSBC’s website or go to MoneySmart’s personal loan page to compare interest rates from other providers. If you decide to go with HSBC, you will be redirected to HSBC’s personal loan application page. From there, click on the apply button to get started. It’s as simple as that.

Can a foreigner apply for an HSBC personal loan in Singapore?

Yes, foreigners who are 21 years old and above, earning at least $40,000 annually with an employment pass that’s still valid for at least 1 year can apply for an HSBC personal loan.

How can I pay my HSBC loan?

To pay for your HSBC personal loan, you must have an HSBC repayment account. You may deposit funds into this account by cheque, cash or bank transfer. Then your monthly repayments will be debited on the due date.

How can I check my HSBC personal loan status?

To check your HSBC personal loan application status, you need to call HSBC’s customer service at 1800 HSBC NOW (4722 669) or (65) 64722 669 if you’re calling from overseas. Alternatively, you may go to the bank directly to find out the status of your application.

What is in-principle approval for HSBC personal loan?

In a nutshell, in-principle approval is a provisional approval given by the bank based on the information provided by the client. With HSBC, you can get an in-principle approval in 1 minute. Of course, the bank will still review your application before granting you formal approval. Typical, in-principle approval is only valid for 14 days.