• Interest rate (p.a.)

    4.00% - 5.70%

  • Loan Tenure

    1 - 10 years

  • Approval Duration

    To be advised upon documents submission

  • Min. monthly income


Loan calculator
Loan amount
Loan tenure
Monthly salaryRM0
Interest rate (p.a)


Monthly Repayment


Total Interest PayableS$0
Total Amount PayableS$0
What's so great about HSBC Debt Consolidation Plan?
  • Consolidate all unsecured credits facilities for a lower monthly repayments and save on interest payments
  • Flexible tenures of up to 10 years
  • Access to HSBC Visa Platinum credit card perks & benefits with limit of 1X monthly income

Product Features

Min. financing amountS$30,000
Max.financing amount To be advised by the bank
Min. loan tenure1 year
Max. loan tenure10 years
Interest rateFlat rate of 4.0% – 5.7% p.a (EIR 7.5% - 10% p.a)
Approval durationTo be advised upon documents submission
Debt consolidationYes

Fees & Charges

One time set up
Processing fee1% of approved loan amount, subject to a minimum of S$88
Early settlement3.9% of the redemption amount
Late payment charges2.5% + prevailing interest* on overdue amount


Age requirementAge 21 - 65
Employment eligibilityFor Singaporean &PRs only, with annual income between $30,000 and $119,999
Min. salary requirementS$2,500 gross per month

Other Requirements

Need to open linked banked account?N/A
Other detailsHave a total interest-bearing outstanding balances on credit cards and/or unsecured credit facilities of at least 12 times your monthly salary

Product Review byiMoney

HSBC Debt Consolidation Plan - FAQ

How much can I borrow?

You can borrow a total amount that is equivalent to the total outstanding including interest and any other fees accruing to your credit accounts plus an additional 5% allowance above the total Debt Consolidation Plan amount.

Who can apply?

Applicant must be a Singaporean citizen or permanent resident

Salaried employee with annual income between S$30,000 and S$120,000

Have total interest-bearing outstanding balances on unsecured credit facilities of at least 12X of monthly income

The catch?

HSBC Debt Consolidation Plan is having a promotional effective interest rate from 4.0%. It also gives you $100 cashback and processing fee waiver for approved application by 31 January 2019 .

How long will the application take and what documentations are required?

You will be redirected to HSBC's website to complete the application for HSBC Debt Consolidation Plan

You are required to furnish the following documents for your loan application:

  • Completed and signed application form
  • Photocopy of NRIC (both sides)
  • Latest credit card and unsecured credit loan statements (physical or online)
  • Latest copy of Credit Bureau Report
  • Latest Computerized Payslip; OR
  • CPF Contribution Statement for past 12 months (applicable to applicants with monthly income of S$6,000 or less); OR
  • Latest Income Tax Notice of Assessment (NOA)
  • Proof of outstanding balances (billed and unbilled) for all unsecured credit facilities such as statements and/or confirmation letter

If you are looking for personal loans offered by other banks in the Singapore, you may also consider:

Standard Chartered CashOne
  • With Standard Chartered CashOne, you can easily enjoy a personal loan with an approved amount of up to 4X of applicant’s monthly income or S$200,000 with an interest rate starting from 6.88% up to 10.80% p.a. On top of that receive a Platinum Credit Card for those with annual income of S$30,000 and above.

  • Dash Advance Personal Loan
  • Dash Advance Personal Loan offers a personal loan with finance of up to 4X monthly income with an interest rate starting from 4.98% per annum. The loan tenure ranges from 1 up to 5 years with a required minimum monthly income of S$1,667. Get your cash as soon as possible with approval duration within 60 seconds.

  • You can also take a look at the full line-up of Quick Approval Personal Loans in Singapore listed on our website and choose which is the right one for you.