Personal Loan

Borrow between £1,000 and £25,000 with fixed monthly payments of up to 60 months for loans up to £15,000, or up to 96 months for loans over £15,000.

Quick credit decision and instant access to funds (after signed loan agreement is received) for HSBC current account customers

Representative APR

For loans between £7,000 and £15,000 6.6% APR Representative

Personal Loan calculator

Calculate your monthly loan repayments

Use the sliders to adjust how much you'd like to borrow and over how many months.

We may be able to offer you a better rate if you change the amount you want to borrow or the length of time you borrow for. A small change can make a big difference to how much interest you'll pay and the overall cost of the loan. We'll offer you a rate based on our assessment of your personal financial circumstances.

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Why get a Personal Loan with us?

Always know what you'll have to pay with fixed monthly repayments spread over 1 to 5 years for loans of £15,000 or less, or over 1 to 8 years for loans over £15,000.

If you've got an HSBC current account you can get an instant credit decision, while non-HSBC current account customers should get a credit decision in 2 to 5 working days.

Existing HSBC current account customers could receive the money instantly once your application has been approved and the loan agreement has been signed. Non-HSBC current account customers could receive the money into a nominated account 3 working days after the signed loan agreement is received.

Manage your finances the way you want with the flexibility to overpay, which could reduce the amount of interest you have to pay.

Rate information

6.6% APR representative.

This rate is available for loans between £7,000 and £15,000.

*The rate is subject to change and the representative APR may not be the rate you'll receive. We'll offer you a rate based on our assessment of your personal financial circumstances. The maximum APR you could be offered is 22.9%.

The APR may vary based on amount borrowed. Please use the calculator or the loans interest rate table (PDF, 89KB) for more details.

Things to know about our personal loans

Who can apply?

You can apply if you:

• are over 18 and a resident of the UK
• have an annual UK taxable income or pension, before tax, of £10,000 or more
• have a bank or building society account with a Direct Debit facility

Not available for customers with a Basic Bank Account.

For joint loan applications, please call us on 03457 404 404. Joint loans are not available online or in the HSBC Mobile Banking app.

Our loans are subject to status.

What you can't use your loan for

We don't offer Personal Loans for a number of purposes including:

• the purchase of property or land (both UK & Overseas) including holiday homes and apartments
• purchasing a joint stake in a property or buying out a joint owner
• mortgage deposit (regardless of lender or country)
• gifting funds to third parties to support the purchase of a property, including mortgage deposit, stamp duty and solicitors fees
• gambling
• business purposes
• sharedealing

Loan information

Fixed repayment terms

• spread your repayments over 1 to 5 years for Personal Loans of £15,000 and less
• spread your repayments over 1 to 8 years for Personal Loans of over £15,000
• the first repayment is due 1 month from drawdown
  
• repayments will be taken monthly from your nominated current account

Lending consolidation considerations

• if you're using any part of this loan to consolidate other lending (including combining these into a single loan), it's important to consider not just the interest rate and monthly repayments, but also the term of this loan compared to the remaining term of your existing loans/other lending
• spreading your payments over a longer term means you could end up paying more overall than under your existing arrangements, even if the interest rate on this new loan is less than the rates you're currently paying
• you should also consider if any early repayment charges apply and if this form of borrowing is appropriate for your circumstances

Interest

• At the start of the loan, we calculate the total amount of interest payable (total cost of credit) and spread it out over the loan term. We calculate the interest due from each monthly repayment based on the number of days between repayments and the outstanding capital balance. This means we collect a higher proportion of the total interest at the start of the loan, when the capital balance is bigger, and a lower amount towards the end.
• If there are delays between repayments, then more interest will accrue during that period. For example, this can happen if the payment date you choose is more than one month after the date you sign your agreement, or if you take a payment holiday that isn’t shown in your credit agreement. Although we will never charge more total interest than shown on your credit agreement, this could mean that the rebate you get for settling your loan early is lower, or can go down to zero.

Early repayments

• You can repay your loan in full at any time by giving us notice in writing, by visiting a branch, or by calling us on 03457 404 404
• Once you've given us notice, we'll give you a settlement figure. You must pay all the amounts owed if you want to close the loan
• If you make an early repayment, there may be a reduction in the amount of interest you pay. This will be reflected in the settlement figure
• The settlement figure includes interest up to the date that’s 28 days from when you tell us you want to repay the loan, plus an additional month

Responsible lending

If you think there might be a change in your circumstances that could increase your outgoings or reduce your disposable income, please contact us by phone or in branch for further guidance. Changes to consider are:

• employment changes such as imminent retirement, maternity, paternity or extended leave
• reduction in working hours, fixed contract end dates or zero hour contracts
• an increase in living costs such as rent or mortgage repayments

Apply for additional borrowing

• you can apply to borrow more money by applying online, by phone or in branch