With the HSBC Personal Loan, you will get:
Your repayments can be spread over:
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.
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.
You will not pay any fees or additional interest if you repay your loan early.
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.
To apply for a personal loan you must be a resident of Malta, and aged 18 or over. Other eligibility criteria may apply.
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.
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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