Personal Instalment Loan

Flexible personal loans to suit you

Presenting HSBC's personal loans specially designed to offer you security and instant cash when you need it most!

Key Features

	Personal Credit Line	Personal Instalment Loan
Generous Loan Limit	Enjoy loan limit of up to 12 times your monthly gross income. This means that your loan limit increases as your income grows.
Flexible payment options	With personal credit line, you can withdraw and repay the funds anytime and enjoy the flexibility of a revolving loan. You only need to repay a minimum of 1.8% of the outstanding balance each month.	With personal instalment loan, you can set aside a fixed amount every month for the repayment to help you manage your funds better.
Flexible payment options	An automatic payment system will be set up, for either type of loan, so you will never miss a payment. Simply specify your salary account to be used for the repayment and we will do the rest.
Flexible Repayment Period	As this is a revolving personal loan, it will only expire when you turn 49 years old. As such, you can use it repeatedly without having to reapply every time.	The maximum loan period is 6 years and can be shorter if you would like to repay your loan sooner.
Efficient and speedy approval	You need to apply only once and it will be available for you to use at any time you deem necessary. Approval can be obtained in less than 3 working days.	Approval only takes 24 hours or a maximum of 72 hours while funds will be credited within 3 working days after the loan is approved.
Interest	Interest is charged only on the amount utilised. It works like a credit card and as such, the amount you pay each month will increase or decrease depending on your outstanding balance.	A fixed interest rate will be charged and your payments will be the same for every month.
Easy access	Your funds are made available to you via a variety of means: Cheques (for current accountholders) HSBC counters Transfers through our phone banking service ATMs As our HSBC customer, you can enjoy the convenience of being able to access cash at over 500,000 ATMs in over 80 countries and territories worldwide. You will never have to worry about cash when you are overseas, should the need arise.
Fees & Charges	Application fee: BND150 Annual fee: BND150	Application fee: BND250

Eligibility

To qualify, the following requirements must be met:

Aged between 18 and 54 years
Salary credited to an HSBC account by autopay, hexagon, standing instruction from employer's account or from other banks by way of a cashier order
For Personal Instalment Loan, minimum gross monthly salary of BND750 for locals and BND1,500 for expatriates must be met.

Basic documentation requirements

Visit your nearest HSBC branch and bring along the following documents: