If you’ve got debt in various places, including credit cards and loans, a debt consolidation loan could help you bring it all together, potentially saving you money and making it easier to manage with a single monthly repayment. Representative 6.9% APR for loans between £7,000 and £15,000.
Debt Consolidation Loan calculator
Calculate your monthly loan repayments
Use the sliders to adjust how much you’d like to borrow and over how many months.
You might be able to reduce your monthly repayments, and total amount payable by slightly adjusting the amount you borrow.
APR (annual percentage rate) varies according to the size of the loan. The amount you want to borrow might be close to one of the points where the APR changes. See full details of our Personal Loan interest rates (PDF, 47KB).
- Borrow from £1,000 to £25,000, or up to £50,000 for HSBC Premier account holdersAlways know what you'll have to pay with fixed monthly repayments spread over 1 to 5 years for loans of £15,000 or less, or over 1 to 8 years for loans over £15,000.
- Get a quick decisionIf you've got an HSBC current account you can get an instant credit decision, while non-HSBC current account customers should get a credit decision in 2 to 5 working days.
- Quick access to fundsExisting HSBC current account customers could receive the money instantly once your application has been approved and the loan agreement has been signed. Non-HSBC current account customers could receive the money into a nominated account 3 working days after the signed loan agreement is received.
- Make overpayments free of chargeManage your finances the way you want with the flexibility to overpay, which could reduce the amount of interest you have to pay.
Who can apply?
Keep in mind
If you're considering applying for a loan to pay off or reduce existing loans/debts (including combining these into a single loan), it's important to consider not just the interest rate and monthly repayments, but also the term of the new loan compared to the remaining term of your existing loans/debts.
Spreading your payments over a longer term means you could end up paying more overall than under your existing arrangements, even if the interest rate on this new loan is less than the rates you are currently paying.
What you can't use your loan for
We don't offer Personal Loans for a number of purposes including:
- the purchase of property or land (both UK & Overseas) including holiday homes and apartments
- purchasing a joint stake in a property or buying out a joint owner
- mortgage deposit (regardless of lender or country)
- gifting funds to third parties to support the purchase of a property, including mortgage deposit, stamp duty and solicitors fees
- business purposes
Our credit facilities
Frequently asked questions
Ready to apply for a Debt Consolidation Loan?
On your mobile device? If you've downloaded our app and have an HSBC current account, you can apply now by selecting 'Apply in app'.
If you're on a desktop, scan the QR code with your mobile device.
New to HSBC?
More ways to apply
Apply in browser
Standards of Lending Practice
HSBC adheres to the standards of lending practice guidelines.