About this product
HSBC offers personal loans from £1,000 to £30,000, subject to status. Loans of £15,000 or less run for 1 to 5 years; larger loans can run for 1 to 8 years. Applicants need annual UK taxable income or pension of at least £10,000 and an account supporting Direct Debits; residency and other eligibility rules apply. Overpayments are free, but full early repayment can include additional interest in the settlement calculation.
Advantages
- Fixed monthly repayments
- No arrangement fee or charge for overpayments
Things to consider
- Rates and approval depend on personal financial circumstances
- Eight-year terms require borrowing more than £15,000
- Full early settlement can include up to 28 days plus an additional month of interest for terms over 12 months
- Basic Bank Account customers are not eligible
Regulation and protection
Consumer credit is subject to status, affordability checks and FCA regulation where applicable.