The HSBC Personal Loan
Whatever your goals and dreams are, make it happen with a HSBC Personal Loan. Benefit from being able to borrow between $5,000 and $50,000 (conditions apply) at a great fixed rate. The loan term you can select is between 1 and 5 years.
What we love...
It is hard to go past the low interest rate with this fixed rate loan. You can qualify for an interest rate as low as 9.50% p.a. Though it can be as high as 15.99% p.a. depending on your eligibility. It costs $150 to set up your HSBC personal loan and a monthly service of $5. The fixed rate with set monthly repayments allows you to budget easily. You can also make additional repayments with no penalties.
What’s not so great...
If you happen to pay off your loan before the fixed term ends you will have to pay a $199 early termination fee. With the HSBC Personal Loan, you should take note of the $5 monthly service fee ($60 annually). If you have a five year loan, that monthly service fee will cost you $300. But in comparison to the Westpac Unsecured Personal Loan with a $12 monthly service fee, this fee is not as significant amount.
Why should you choose this personal loan?
Choosing the HSBC Personal Loan can make it easier to budget because it’s a fixed rate loan. If you want to make additional repayments you can to. The interest rate is competitive depending of what rate you qualify for. The establishment fee is reasonable and so is the monthly account service fee.
As this is an unsecured loan, you don’t have to worry about putting up collateral. You can use the loan for a wide range of things, including a well-deserved holiday, wedding or home renovations. Whatever you want to spend it on. It’s also nice to know that the application process is quick and takes about 10 minutes. You will get a response in 60 seconds.
A flexible unsecured personal loan with a low fixed rate, reasonable fees, ability to make extra repayments and a fast application process. Apply for the HSBC personal loan right now with a secure application process directly on the HSBC website.
- Apply online in less than 10 mins
- A fixed interest rate of 9.50% p.a. (comparison rate of 10.06% p.a.^) available for new loans only
- Low $5 monthly service fee
- Early termination fee of $199