If you need to borrow a large amount but cannot afford a big monthly repayment, consider the HSBC personal loan offers the longest loan tenure (7 years!) in Singapore. HSBC guarantees the 3.7% p.a. advertised interest rate if you sign up through MoneySmart, and there is no processing fee. You do not need an HSBC account or credit card to apply for this loan; however, it can take up to 5 days to approve the loan.
Valid till 30 Apr 2020
1 minute in-principle approval
Lowest interest rates
Best for people who require a large amount of cash, since it has the lowest interest rates and longest loan tenure in Singapore. Apply if you need to spread your loan out over longer period of time.
With an HSBC personal loan, you can get approval-in-principle within 1 minute, but it takes 3 to 5 business days for you to receive the cash. HSBC offers the lowest EIR of 7% for all loan tenures and amount.
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