Features & benefits

  • Consolidation of outstanding

    Having only one (1) Debt Consolidation account to manage

    Ease of repayment of having to deal with only one (1) Financial Institution

    Better control of finances with disciplined fixed monthly repayment

  • Loan tenor
    Available from one (1) to 10 years for affordable monthly repayment (conditions apply)
  • Attractive interest rates

    Enjoy interest savings

    Faster pay down of outstanding

  • Revolving Credit facility

    Enjoy perks and benefits with HSBC Visa Platinum credit card

    Credit limit equivalent to your monthly income

  • Free Credit Bureau Report Promotion (Limited time only!)
    Click here to get a free credit report today.

Let our Loan Specialist guide you through the application. Leave us your contact details and we will be in touch within 1 working day.

Overview

HSBC Debt Consolidation Plan is a refinancing programme to consolidate the outstanding from all your existing unsecured credit facilities and is bundled with a revolving credit facility as a convenient mode for managing your daily financial needs.

Debt consolidation loan

Consolidate the outstanding balance from all your existing unsecured credit facilities into a term loan with fixed monthly repayment.

Revolving credit facility

Manage your daily financial needs with HSBC Visa Platinum credit card which gives you more savings.

Enjoy promotional Interest rates1 when you consolidate your outstanding balances with HSBC's Debt Consolidation Plan
Tenor (years) Equivalent Flat Interest Rate (p.a.) Applied/Effective Interest Rate (p.a.)2
1 - 7 4.0% 7.5%
8 - 10 5.7% 10%
Enjoy promotional Interest rates1 when you consolidate your outstanding balances with HSBC's Debt Consolidation Plan
Tenor (years) 1 - 7
Equivalent Flat Interest Rate (p.a.) 4.0%
Applied/Effective Interest Rate (p.a.)2
7.5%
Tenor (years) 8 - 10
Equivalent Flat Interest Rate (p.a.) 5.7%
Applied/Effective Interest Rate (p.a.)2
10%

Debt Consolidation Loan Promotion terms and conditions apply.

2Effective Interest Rate (EIR) is inclusive of processing fee computed based on 1% of approved loan amount, subject to a minimum of S$88, where applicable. The Bank will apply the Applied Interest Rate (net processing fee) on the loan amount on a reducing balance method.

Apply for a HSBC Debt Consolidation Plan

Apply now

Have us contact you

Wish to speak to our telesales agents about HSBC Debt Consolidation Plan?

Leave us your contact details and we will be in touch within 3 working days (during office hours).

Please Note

Upon approval of Debt Consolidation Plan application:

  • No cancellation is allowed
  • All existing unsecured credit facilities will be suspended/closed

Need help with your application?

You may also call the hotline at 6499 4855 (9am to 6pm on weekdays, excluding public holidays), or visit us at any HSBC branch.

Things to note

You might also be interested in

 

With fixed monthly repayments, low interest rates and long tenor of up to 7 years, seize the opportunity to get more done with HSBC's Personal Loan.

 

Explore the wide range of HSBC Credit Cards and see how they can benefit you today.