Top of main content

HSBC Personal Line of Credit Instalment Plan

Promotional offers

Enjoy promotional interest rates1 from as low as 3.7% p.a. (EIR2 7.0% p.a.) with no processing fee.
Tenor (years)
Equivalent Flat Interest Rate2 (p.a.)
Applied/Effective Interest Rate3 (p.a.)
1-7
From 3.7%
From 7.0%
Enjoy promotional interest rates1 from as low as 3.7% p.a. (EIR2 7.0% p.a.) with no processing fee.
Tenor (years)
1-7
Equivalent Flat Interest Rate2 (p.a.)
From 3.7%
Applied/Effective Interest Rate3 (p.a.)
From 7.0%

1The promotional interest rate of 3.7% p.a. (EIR 7.0% p.a.) to 8.2% p.a. (EIR 14.0% p.a.) is based on your personal credit profile and other factors determined by the Bank. Terms and Conditions apply.

2Effective Interest Rate (EIR) is inclusive of processing fee computed based on 1% of approved instalment plan amount, subject to a minimum of SGD88, where applicable. The Bank will apply the Applied Interest Rate (net processing fee) on the instalment plan amount on a reducing balance method.

3Equivalent flat interest rate is for reference only and is based on a front-end add-on calculation method (Interest = instalment plan principal x flat interest rate x instalment plan tenor).

How much can you expect to repay each month?

dpws-tools--l-m-r-calculator

Interest is calculated using the reducing balance method.

Calculation shown above is indicative and for illustrative purposes only based on effective interest rate of 7% p.a.

Features & benefits

  • Supporting documents are not required.
  • Fixed monthly repayments with choice of tenor between 1 and 7 years.
  • Reinstatement of available credit limit upon monthly repayment.

Apply now for a HSBC Personal Line of Credit Instalment Plan

Apply by SMS

Simply SMS PIP<space>NAME<space>12-digit Personal Line of Credit account number to 74722.

A HSBC customer service officer will contact you on your application within 3 working days.

Apply by phone

Simply contact us on 1800-HSBC NOW (4722 669)

Or leave us your contact details and we will be in touch within 3 working days (during office hours).

Things to Note

Changes to HSBC Personal Loan from 15 June 2020

We have enhanced our Personal Loans to give you a better experience. These are the changes that will take place with effect from 15 June 2020:

  • HSBC Personal Loan will be re-named as HSBC Personal Instalment Loan.
  • If you would like to apply for a personal loan, HSBC Personal Line of Credit (with the option of instalment plan or balance transfer) will be offered.
  • For instances where the HSBC Personal Line of Credit Instalment Plan is not offered, we may, at our discretion, offer an HSBC Personal Instalment Loan instead, and a Statement Savings account will be opened to facilitate monthly repayments.

4Equivalent flat interest rate is for reference only and is based on a front-end add-on calculation method (Interest = instalment plan principal x flat interest rate x instalment plan tenor).

5Effective Interest Rate (EIR) is inclusive of processing fee computed based on 1% of approved instalment plan amount, subject to a minimum of SGD88, where applicable. The Bank will apply the Applied Interest Rate (net processing fee) on the instalment plan amount on a reducing balance method.