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Leathermaker looking at his goods; image used for HSBC Personal Loan.

HSBC Personal Line of Credit Instalment Plan

Enjoy promotional interest rates from as low as 3.7% p.a. (EIR 7.0% p.a.) with no processing fee.

Promotional offers

Enjoy promotional interest rates1 from as low as 3.7% p.a. (EIR2 7.0% p.a.) with no processing fee.
Tenor (years)
Equivalent Flat Interest Rate2 (p.a.)
Applied/Effective Interest Rate3 (p.a.)
1-7
From 3.7%
From 7.0%
Enjoy promotional interest rates1 from as low as 3.7% p.a. (EIR2 7.0% p.a.) with no processing fee.
Tenor (years)
1-7
Equivalent Flat Interest Rate2 (p.a.)
From 3.7%
Applied/Effective Interest Rate3 (p.a.)
From 7.0%

Receive SGD88 cashback6 upon approval. Offer ends 31 December 2020.

1The promotional interest rate of 3.7% p.a. (EIR 7.0% p.a.) to 8.2% p.a. (EIR 14.0% p.a.) is based on your personal credit profile and other factors determined by the Bank. Terms and Conditions apply.

2Effective Interest Rate (EIR) is inclusive of processing fee computed based on 1% of approved instalment plan amount, subject to a minimum of SGD88, where applicable. The Bank will apply the Applied Interest Rate (net processing fee) on the instalment plan amount on a reducing balance method.

3Equivalent flat interest rate is for reference only and is based on a front-end add-on calculation method (Interest = instalment plan principal x flat interest rate x instalment plan tenor).

HSBC Monthly Instalment Plan Calculator

dpws-tools--l-m-r-calculator

Interest is calculated using the reducing balance method.

Calculation shown above is indicative and for illustrative purposes only based on effective interest rate of 7% p.a.

Features & benefits

  • Supporting documents are not required.
  • Fixed monthly repayments with choice of tenor between 1 and 7 years.
  • Reinstatement of available credit limit upon monthly repayment.

Apply now for a HSBC Personal Line of Credit Instalment Plan

Apply online

Existing to HSBC Personal Line of Credit?

If you do not have an existing HSBC Personal Line of Credit

Things to Note

Changes to HSBC Personal Loan from 15 June 2020

We have enhanced our Personal Loans to give you a better experience. These are the changes that will take place with effect from 15 June 2020:

  • HSBC Personal Loan will be re-named as HSBC Personal Instalment Loan.
  • If you would like to apply for a personal loan, HSBC Personal Line of Credit (with the option of instalment plan or balance transfer) will be offered.
  • For instances where the HSBC Personal Line of Credit Instalment Plan is not offered, we may, at our discretion, offer an HSBC Personal Instalment Loan instead, and a Statement Savings account will be opened to facilitate monthly repayments.

4Equivalent flat interest rate is for reference only and is based on a front-end add-on calculation method (Interest = instalment plan principal x flat interest rate x instalment plan tenor).

5Effective Interest Rate (EIR) is inclusive of processing fee computed based on 1% of approved instalment plan amount, subject to a minimum of SGD88, where applicable. The Bank will apply the Applied Interest Rate (net processing fee) on the instalment plan amount on a reducing balance method.

6Terms & condition apply.