Personal Loans - Apply for our best loans online | HSBC UK

 

Our lowest ever Personal Loan Rate

From buying a new car to simply consolidating finances, our customers can receive a representative* 4.8% APR for Personal Loans between £7,000 and £15,000.


Available exclusively to HSBC current account customers. Are you eligible for a Personal Loan?
Check the full details

Apply

*The rate is subject to change and the representative APR may not be the rate you'll receive. We'll offer you a rate based on our assessment of your personal financial circumstances.

The example in the repayment calculator on the right is not a quotation and is for illustration purposes only. A full quotation will be provided when you apply and figures may vary slightly. Customers who do not meet our normal criteria may be offered a different APR to our standard rates.

Repayment Calculator


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Loan Amount:

Available from £1,000 to
£25,000 in £10 increments.

£
Select to show help text

Loan Term:

1 to 5 years for £15,000 or under, 1 to 8 years for over £15,000.


Representative example

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Does this fit your monthly budget?

Get started

Calculate loan

Find out how much you may be able to borrow and how much it might cost

Research

Plan your home improvements, find that new car or simply organise your finances

Apply

Once you know how much you need to borrow, click apply - if your loan is approved, you could receive the money in your account immediately


  • Quick decisionNo matter how you apply you'll get an instant credit decision (subject to planned maintenance periods)
  • Make overpayments You can make overpayments without charge, which may reduce the amount of interest you pay
  • Funds transferred same dayIf approved, you'll receive the money in your account straight away
  • Fixed repayment termsYou always know how much you need to repay each month
  • Repayment holidays You could have the option of a repayment holiday for the first three months or every January for the life of your loan. More interest will be payable overall
  • Apply for additional borrowing If you already have a Personal Loan with us, you can apply to borrow more

Key product information

4.8% APR  representative*.

Personal Loan

Quick decision

Apply online with Internet Banking and we'll give you an instant credit decision, with no need to complete paper documents (subject to planned maintenance periods). You can also get an instant decision if you apply in branch or over the phone.

Immediate funds

If your application is approved online, we'll transfer the money into your account straight away.

Fixed repayment terms

Spread your repayments equally over one to five years for Personal Loans of £15,000 and less, or over one to eight years for Personal Loans of over £15,000.

The first repayment is due 30 days from drawdown.

If you are eligible and choose the deferred start option the first repayment is due 3 months from the date of drawdown.

Repayments will be taken monthly from your HSBC current account.

Use our Personal Loan Repayment Calculator to get an indication of what your repayments may be.

Repayment holidays

You could have the option to take a repayment holiday for the first three months or every January for the life of the loan. You need to specify if you would like to take one of these options when you apply for the loan. The three month repayment holiday must be taken at the start of the loan and can't be offered where more than 70% of the loan is for refinancing existing borrowing. Neither of these options are available when refinancing an existing Personal Loan where you've made five or less repayments. Please note that interest is charged over the full term of the loan, including any deferred payments/repayment holidays taken. This means that if you choose to take a repayment holiday, more interest will be payable overall.

Early repayments

You can repay your loan in full at any time by giving us notice in writing, by visiting a branch or by calling us on 08457 404 404. Once you've given us notice, we'll give you a settlement figure. It's necessary to pay all the amounts owed if you wish to close the loan. Where you make an early repayment, there may be a reduction in the amount of interest you'll have to pay and this will be reflected in the settlement figure. Please note, there is a penalty of one month's interest for repaying your loan early.

Responsible lending

As a responsible lender, we work with you to try to ensure that you do not borrow more than you can afford to repay.

Personal Loans are available from £1,000 to £25,000 in £10 increments.

Interest

Interest is calculated on a daily basis. At the beginning of the loan we work out the interest you will pay over the whole period of your loan and add this to your loan balance.

Apply for additional borrowing

You can apply to borrow more money either via HSBC branches, telephone or Internet Banking. If you've made five or less repayments on your existing
Personal Loan, you won't be eligible for the January holiday or three month deferred start option on your new loan should your application be successful.

Overpayments

If you take out a loan, you'll be able to make overpayments or lump sum repayments to your loan.

These payments may reduce the amount of interest you pay over the term of the loan.

Our credit facilities

You can get full details of our credit facilities, including a written quotation from any of our branches, by writing to:
Customer Information, HSBC Bank plc, PO Box 757, Hemel Hempstead,
Herts HP2 4SS.
Or call us on : 0800 032 4735 (textphone 18001 0800 028 0126). Lines are open from 8am to 10pm every day (except for Christmas Day, Boxing Day and New Year's Day).

*The representative APR may not be the rate you'll receive. We'll offer you a rate based on our assessment of your personal financial circumstances.

Registered for Internet Banking?

If you're registered for Internet Banking and have an HSBC current account you can apply online in just a few clicks.

Log on to apply

Quick decision online, Apply in minutes and immediate transfer if accepted Quick decision online, Apply in minutes and immediate transfer if accepted

Register to bank online

It only takes a few minutes and once you receive your security details, you'll be able to apply online for a Personal Loan.

Register for Internet Banking

Is this a joint application? If so, please apply by phone or apply in branch

Please note: The application will time out if left inactive for 8 minutes or more.

What you will need

  • Details of your annual income.
  • Full details of your monthly outgoings including your household bills and any amounts for mortgage or rent.
  • Full details of any existing lending that you hold outside HSBC, including all loans, hire purchase agreements and credit cards with other providers.

Apply by phone

Call us on

0800 032 4735

Textphone contact numbers

Mobile (using inclusive minutes)

0345 600 6453†


Calls to 0345 numbers are included within most mobile operators inclusive minutes. Please refer to your mobile network tariff for any charges.


Landline freephone

0800 432 0492†

Calls to 0800 numbers are chargeable from most mobile operators. Please refer to your mobile network tariff for any charges.

†Lines are open from 8am to 10pm every day (except for Christmas Day, Boxing Day and New Year's Day).

Apply in branch

You will need to provide us with identification and proof of your address and one month's bank statements from your current bank.

Eligibility requirements

Our Personal Loans are offered exclusively to HSBC customers.

To be eligible for an HSBC Personal Loan you need to:

  • be an HSBC current account customer (Premier, Advance, Bank Account, Graduate Bank Account)
  • have an annual income/pension before tax of £10,000 or more
  • pay more than £700 a month into your HSBC current account
  • be a resident of the UK
  • be over 18

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To read our PDF files you'll need to have Acrobat Reader 8.0™ or above. We think most of you will have this but if you don't, it's free and can be downloaded from Adobe UK. If you are accessing this website using screen reading technology that cannot read PDFs, a converter is available at Access Adobe.

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Have you considered these other options?

Overdraft Service

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HSBC Credit Card

For a fast, convenient and reliable way to make purchases, wherever you are

HomeOwner Loans

If you own a property, a HomeOwner Loan could be an affordable way to borrow

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Need to speak to us?

Give our friendly team a call on:

0800 032 4735

Textphone contact numbers

Contact us



Mobile (using inclusive minutes)

0345 600 6453

Calls to 0345 numbers are included within most mobile operators inclusive minutes. Please refer to your mobile network tariff for any charges.



Landline freephone


0800 432 0492

Calls to 0800 numbers are chargeable from most mobile operators. Please refer to your mobile network tariff for any charges.

Lines are open 8am to 10pm every day except Christmas Day, Boxing Day and New Year's Day. Calls may be monitored or recorded.

Prefer to talk face-to-face?

Pop into your nearest branch for a chat.

Find a branch

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