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HSBC Loan

Compare HSBC loans

If you are looking for a loan which boasts a competitive interest rate, an HSBC loan could be for you. Before you decide however it’s wise the shop around, there are many loan providers on the market, use the comparison tables below to see what you can find.

Featured Loan Deal - HSBC Personal Loan
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ProviderLoan AmountCredit HistoryRates FromTerm 
£1,000 to £25,000Good Credit Only3.1%

APR
Representative

(£15,001 - £25,000)

1 year to 7 yearsGet Quotes >
  • No arrangement fees or hidden charges
  • Instant online decision
  • Funds transferred within 2 working days
  • No penalty for overpayments
  • You must be aged between 21 and 70 
  • You must have been a permanent UK resident for 3 years 
  • You must have an annual income of at least £12,000 and have a UK bank or building society account
  • You need to make payments on time or you will be charged a late payment fee. Missing payments could have severe consequences on obtaining future credit
  • Post Office Personal Loans are provided by Bank of Ireland (UK). Post Office Limited is a credit broker and not a lender

Representative Example:  The Representative APR is 3.1%. Based on a loan amount of £17,500 over 60 months at an interest rate of 3.1% p.a. (fixed). Monthly repayment of £314.89. Total amount repayable £18,893.40.

£2,500 to £25,000Good Credit Only3.3%

APR
Representative

(£7,500-£25,000)

2 to 5 yearsGet Quotes >
  • 10 minute online quote, instant decision
  • Money can be with you within 48 hours
  • No arrangement, over payment or early repayment fees
  • Must be aged 21 or over
  • UK Resident with a UK bank account

Representative Example:  The Representative APR is 3.3%, so if you borrow £7,500 over 5 years at a rate of 3.3% p.a. (fixed), you will repay £135.61 for 36 months and £8,136.60 in total.

£1,000 to £20,000Good Credit Only3.44%

APR
Representative

(£7,500-£15,000)

1 to 5 yearsGet Quotes >
  • Fixed Interest Loan Rate
  • Instant Online Decision
  • Must be aged 21
  • No CCJs or IVA in the last 6 years
  • Permanently resident in England, Wales, Scotland or Northern Ireland

Representative Example: The Representative APR is 3.4%. Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 3.4% p.a. (fixed). Monthly repayment £181.41 & total repayable £10,884.60.

£1,000 to £50,000Excellent Credit3.40%

APR
Representative

(£7,500-£19,950)

1 to 5 YearsGet Quotes >
  • Get a quick quote - no impact on your credit rating
  • Available to existing NatWest current account holders only
  • Must be aged 18

Representative Example: Borrow £7,500 over 5 years at a Representative APR of 3.40% APR (fixed) paying £135.93 per month will result in a total sum of £8,155.80 over the loan term.

£1,000 to £50,000Excellent Credit3.40%

APR
Representative

(£7,500-£19,950)

1 to 5 YearsGet Quotes >
  • Get a quick quote - no impact on your credit rating
  • Available to existing Royal Bank of Scotland current account holders only
  • Must be aged 18

Representative Example: Borrow £7,500 over 5 years at a Representative APR of 3.40% APR (fixed) paying £135.93 per month will result in a total sum of £8,155.80 over the loan term.

£1,000 to £35,000All Credit Histories Considered12.9%

APR
Representative

1 year to 7 yearsGet Quotes >
  • No waiting, no surprises, and a guaranteed, personal rate
  • Soft credit search so there will be no impact on you credit score
  • Some banks advertise very attractive low rates, but when you apply you find you could end up paying much more. With a guaranteed rate, there’ll be no nasty surprises.
  • You must be aged between 21 and 75
  • You must have been a permanent UK resident for 3 years 
  • You must have an annual income of at least £15,000 and have a UK bank or building society account

Representative Example:  The Representative APR is 12.9%. Based on a loan amount of £10,000 over 60 months at an interest rate of 12.9% p.a. (fixed). Monthly repayment of £223.43. Total amount repayable £13,405.80.

£1,000 to £25,000All Credit Histories Considered14.9%

APR
Representative

1 to 5 YearsGet Quotes >

Representative example: The Representative APR is 14.9% (variable).The Representative APR is If you borrow £90,000 over 4 years at a representative 14.9% APR and an annual interest rate of 14.9% (fixed) you would pay £245.80 per month. Total charge for credit will be £2,798.51. Total amount repayable is £11,789.51.

£1,000 to £20,000All Credit Histories Considered42.5%

APR
Representative

1 to 6 YearsGet Quotes >
  • Rebuild Your Credit
  • Fast,online application - optimised for all desktop / mobile / tablet devices
  • Instant Online Decision using 'soft' credit searches (Won't affect your credit score)
  • Funds as soon as same day
  • No early repayment fees
  • Must be aged 18
  • Must be UK resident
  • Administration fee applies, not payable upfront but instead included in monthly repayments
  • Applicants must have a net monthly income of at least £1,000, be in full time or part time employment, and have no CCJ's

Representative Example:  The Representative APR is 42.5% (fixed). If you borrow £3,000 over 3 years at a rate of 31.9% p.a (fixed) plus an arrangement fee of £137.31, you will repay £157.89 per month & £4,943.25 in total.

Benefits of an HSBC loan include

  • Apply for an HSBC loan online, in branch of by phone and you could get a decision in minutes
  • You can make overpayments without charge at any time
  • If your loan application is approved, you will receive the money in your account the same day
  • Fixed repayment terms mean that you will always know exactly 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 HSBC

 

Eligibility criteria

  • Hold any type of HSBC current account (excluding the Basic Bank Account)
  • Have an annual income or pension of £10,000 or more before tax
  • Be 18 or over and be a resident of the UK

 

If you feel like a HSBC loan might be the right choice for you, you could use the HSBC loan calculator to get a rough idea of how much it could cost you. Using the HSBC loan calculator you just need to put in how much you want to borrow along with your desired duration of the repayment term. The calculator will then give you an estimate of what your overall and monthly repayments would be based on the bank’s Representative Annual Percentage Rate for a loan of that size and repayment length.


If you do decide to proceed and apply for a HSBC loan your APR may be different from the one the calculator used which would mean the amount you would be required to repay would be different. This is because not every borrower will get a lender’s Representative APR, a lender may choose to tailor the APR they are willing to offer a borrower after they have assessed their financial circumstances.


Before you apply

If you are not sure whether or not a HSBC loan is going to be the best deal for your circumstances, why not compare the market? The comparison tables above can show you a range of loans from different lenders; you can look at their different offerings and see if you can see anything which might be the right choice for you.

 

You may also want to consider alternatives to borrowing also, for instance if you already have the required funds in savings you may want to use them instead. This is because it could be that interest you are currently earning on your savings may be less than interest you would be charged on a loan of the same size. 

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.