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Personal Loan

A helping hand when you need it

HSBC Personal Loan

Our personal loan is a great way to put your plans into action. Enjoy the convenience of a fast decision and funds transferred on the same day (if approved), with a fixed interest rate.

Benefits

With the HSBC Personal Loan, you will get:

  • Fast decision
    We will give you a quick reply to your loan request.
  • Funds transferred same day
    If approved, you will receive the money in your account straight away.
  • Full amount finance
    We may lend you the full amount of your purchase.
  • No processing fee
    All customers who apply online for an unsecured personal loan will benefit from a full waiver of processing fee.

Product overview

Maximum loan amount and interest rate

  • HSBC Premier customers may borrow up to a maximum of €40,000
  • HSBC Advance customers may borrow up to a maximum of €30,000
  • HSBC Personal Banking customers may borrow up to a maximum of €25,000

Your repayments can be spread over:

  • 6 months to 5 years for loans of €10,000 or less or
  • 6 months to 7 years for loans over €10,000. 

Interest rate will be fixed at 4.99%* ( 5.3% APRC) for the full duration of the loan.

The loan amount will depend also on income, affordability and other criteria.
 

*The maximum amount you may borrow is subject to your financial status, and to further approval by your branch. Terms and conditions apply.

The Annual Percentage Rate of Charge (APRC) on a Personal Loan of €10,000, repayable over 7 years at a fixed borrowing rate of 4.99% per annum, and subject to a processing fee of €40, will be 5.3%.
The loan will be repayable in 83 equal monthly instalments of €141.63 and one final instalment of €142.01.
The total amount paid after 7 years will be €11,937.30.

Processing fees on unsecured personal loans

  • HSBC Premier customers pay a processing fee of €20
  • HSBC Advance customers pay a processing fee of €30
  • HSBC Personal Banking customers pay a processing fee of €40

All customers who apply online for an unsecured personal loan will benefit from a full waiver of processing fee.

Higher processing fees apply on secured personal loans.

Early repayment fees

You will not pay any fees or additional interest if you repay your loan early.

Other conditions

When you apply to borrow money from us, we want to ensure that you will be able to meet your monthly repayments. We feel that it would not be in your best interest to take on a commitment which you may find difficult to manage. We will grant you a loan following an assessment on your financial position performed by your branch.

Wherever possible, your salary / income is to be credited directly to an account with HSBC from which loan repayments will be effected.

Eligibility

To apply for a personal loan you must be a resident of Malta, and aged 18 or over. Other eligibility criteria may apply.

Apply online

We have a simple online personal loans application for our online banking customers.

If you are an HSBC customer you can apply online for a personal loan. This means that if successful you could have the money in your account without the need to visit a branch. You will also benefit from no processing fees.

Applying online is easy and takes less than 10 minutes to complete our simple application. If your application is successful, we aim to transfer funds to your account in 24 hours. It may take a little longer during the weekend and public holidays or if we need more information.

There may be some instances where we can't process your application online. In these cases, we will let you know and your request will go to a branch for them to contact you.

HSBC customers

If you don't have online banking or are new to HSBC

Apply in branch

Alternatively, you can visit one of our branches, where our staff will be glad to give you further information and process your application.

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Disclaimer

The Site is primarily intended for those who access it from within Malta. Because of this we cannot guarantee that the Site or the information thereon complies with law or regulation of other countries, or is appropriate for use, in other places. You are wholly responsible for use of the Site by any person using your computer and you must ensure that any such person complies with these Terms. The information provided on this Site is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to law or regulation. This Site should not be considered as communicating any invitation or inducements to engage in banking or investment activity or any offer to buy or sell any securities or other instruments outside Malta.

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