HSBC Personal Loan

When you know it’s the one, go with it. Our personal loan is a great way to put your plans, such as buying a new car or buying new furniture for your home, into action. Enjoy the convenience of a fast decision with funds transferred to your account on the same day (subject to eligibility criteria being met), and a fixed interest rate for the full duration of the loan.

 

HSBC Personal Loans, ready for your every unexpected.

Features & benefits

  • 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.

Product overview

When applying online

Interest rate and APRC:
4.99% Interest rate 5.1%* Total Cost (APRC)

Processing Fees - € 0

Representative example:
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, will be 5.1%. No processing fee is applicable for online applications. The loan will be repayable in 84 equal monthly instalments of €141.63. The total amount paid after 7 years will be €11,896.92.
 

When applying in branch

Interest rate and APRC:
4.99% Interest rate   5.3%* Total Cost (APRC)

Processing Fees - €40

Representative example:
*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 €142.96. The total amount paid after 7 years will be €11,938.25.

The maximum amount you may borrow is subject to your financial status, and to further approval by your branch. 7 year repayment period applicable to all loans of €10,000 and over. All other loans repayable over a maximum period of 5 years. Terms and conditions may apply.

Maximum loan amount
 

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

**The maximum amount you may borrow is subject to your financial status, and to further approval by your branch. The loan amount will depend also on income, affordability and other criteria.

Your repayments can be spread over.

6 months to 5 years for loans up to €9,999 or

6 months to 7 years for loans of €10,000 and over.

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 may 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.

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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