HSBC UK Loans

HSBC is a British international bank that offers a broad range of banking services. Founded in 1865 in Hong Kong, HSBC has gained recognition as a key player in the global financial market.

HSBC offers a range of tailored loan options to suit various needs. From personal loans with flexible terms to premier customer exclusives, car financing, home improvement loans, and debt consolidation options, HSBC ensures competitive interest rates and benefits for its customers.

Let's explore the key features of these HSBC loan products.

HSBC Personal Loan

• Premier Personal Loan:
  • Loan Amounts: £1,000 to £50,000
  • APR: Varies based on the loan amount, ranging from 6.40% to 18.90% 
  • Repayment Period: 
    • Up to 60 months for loans up to £15,000
    • Up to 96 months for loans exceeding £15,000
• Car Loan:
  • Loan Amount: Up to £50,000 for HSBC Premier account holders
  • APR: 6.9%
  • Repayment Period: 
    • Up to 60 months for loans up to £15,000
    • Up to 96 months for loans exceeding £15,000
•  Home Improvement Loan:
  • Loan Amount: Up to £50,000 for HSBC Premier account holders
  • APR: 6.9% 
  • Repayment Period: 
    • Up to 60 months for loans up to £15,000
    • Up to 96 months for loans exceeding £15,000
• Debt Consolidation Loan:
  • Loan Amount: Up to £50,000 for HSBC Premier account holders
  • APR: 6.9%
  • Repayment Period: 
    • Up to 60 months for loans up to £15,000
    • Up to 96 months for loans exceeding £15,000
• Srudent Loan:
  • Loan Amount: Up to £50,000 for HSBC Premier account holders
  • APR: 6.9%
  • Repayment Period: 
    • Up to 60 months for loans up to £15,000
    • Up to 96 months for loans exceeding £15,000

What are the terms and conditions for obtaining a loan in HSBC for your type of credit?

 

• HSBC Personal Loan Rates 

Borrow amounts ranging from £1,000 to £25,000, with consistent monthly payments spanning up to 60 months for loans not exceeding £15,000, or extending up to 96 months for loans surpassing £15,000.

Amount to borrow (£)	Illustrative   APR	Max. APR
1,000 to 2,999	16.90%	22.90%
3,000 to 4,999	13.90%	22.90%
5,000 to 6,999	9.90%	22.90%
7,000 to 15,000	6.90%	22.90%
15,001 to 25,000	7.90%	22.90%

• Premier Personal Loan

Personal loan created especially for Premier customers that could give you a quick credit decision and instant access to funds. Representative 6.4% APR for loans between £10,000 and £30,000.

Amount to borrow (£)	Illustrative   APR	Max. APR
1,000 to 2,999	14.50%	18.90%
3,000 to 4,999	9.90%	18.90%
5,000 to 6,999	7.90%	13.90%
7,000 to 9,999	6.90%	13.90%
10,000 to 15,000	6.40%	13.90%
15,001 to 30,000	6.40%	13.90%
30,001 to 50,000	7.90%	7.90%

• Car Loan

Whether you’re buying a new or used vehicle, HSBC car loan could get you on the road to owning it outright. Representative 6.9% APR for loans between £7,000 and £15,000. 

Car Loan Rates are the same as Personal Loan Rates, with the option to borrow up to £50,000 for HSBC Premier account holders.

• Home Improvement Loan

Whether you're envisioning a revamped kitchen, contemplating new furnishings, or considering a loft transformation, a home improvement loan provides a swift avenue to bring your property enhancements to life. A representative APR of 6.9% applies to loans ranging from £7,000 to £15,000.

Home Improvement Loan Rates are the same as Personal Loan Rates, with the option to borrow up to £50,000 for HSBC Premier account holders.

• Debt Consolidation Loan

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 Rates are the same as Personal Loan Rates, with the option to borrow up to £50,000 for HSBC Premier account holders.

The rate is subject to change, and the representative APR provided may not be the actual rate you will receive. They will offer you a rate based on their evaluation of your personal financial circumstances. The APR rates fluctuate depending on the amount borrowed.

In conclusion, HSBC offers diverse loan options, each tailored to specific needs, with varying repayment terms and maximum amounts. The rates are competitive, and Premier account holders enjoy additional benefits, including higher borrowing limits.

• Loan Amounts: £1,000 to £25,000
• APR: Varies based on the loan amount, ranging from 6.90% to 22.90%
• Repayment Period: 
  • Up to 60 months for loans up to £15,000
  • Up to 96 months for loans exceeding £15,000

Please Note: This content is based on information as of January 2024. For the latest updates and specific terms, we recommend contacting HSBC directly by visiting their website.