• Interest rate (p.a.)

    3.70% - 3.80%

  • Loan Tenure

    1 - 7 years

  • Approval Duration

    1-minute approval in-principal

  • 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 Personal Loan?
  • Exclusive rates from 3.70% p.a. (EIR 7.00% p.a.) for all income level
  • Loan amount of up to 8 times your monthly income
  • Get quick decision of 1-minute approval in-principal
  • Loan tenors of up to 7 years with fixed monthly repayments
  • S$0 processing fee

Product Features

Min. financing amountS$5,000
Max.financing amount Up to 8x fixed monthly salary
Min. loan tenure1 year
Max. loan tenure7 years
Interest rateFrom 3.70% per annum (EIR 7.00% per annum)
Approval duration1-minute approval in-principal
Debt consolidationYes

Fees & Charges

One time set up
Processing feeS$0
Early settlementS$150
Late payment charges2.5% plus loan interest rate on overdue amounts
Other penaltiesAmendment Fee of S$100


Age requirementAge 21 - 65
Employment eligibilitySingaporean citizens and permanent residents working and residing in Singapore. Singapore citizens working in Malaysia will be considered
Min. salary requirementS$2,500 gross per month
Guarantor / Collateral requirementN/A

Other Requirements

Need to open linked banked account?No

Product Review byiMoney

HSBC Personal Loan - Limited time offers

Why You Should Apply For HSBC Personal Loan

1. Loan amount of up to 8 times your monthly income

2. S$0 processing fee waiver

3. Promotional rates of from 3.70% p.a. (EIR 7.00% p.a.) for


What is the maximum amount you can borrow?

You can loan an amount of up to eight times of your fixed monthly gross salary

The catch?

Applicant must be between the age of 21 to 65 to qualify.

Applicant must be a Singaporean citizen or permanent resident working and residing in Singapore with a minimum gross salary of S$2,500 per month.

As for those who are self-employed and commission-based earner, you are required to earn minimum of S$3,333 per month.

What will it cost you and how will you be charged?

    One time set-up fee:
  • Processing fee of S$88, waived for all online applications
  • Flexible term loan :
  • You can choose to repay your loan in 12, 24, 36, 48, 60, 72 or 84 months

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

Upon completing an application with iMoney, you may expect a call from the respected bank within the same business day to confirm your application.

Thereafter, HSBC have a new feature of 1-minute approval in-principal if you application is completed fully. You can get cash the next day!

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

    Employee of non-MNC or private limited company:
  • Photocopy of NRIC (both sides)
  • Proof of Income:
    • Salaried Employee:

    • 1) Latest Computerised Payslip OR
      2) CPF Contribution Statement for past 12 months OR
      3) Latest Income Tax Notice of Assessment (NOA)
    Self-employed applicants:
    Photocopy of NRIC (both sides)
  • Proof of Income:

  • 1) Income Tax Notices of Assessment (NOA) for past 2 years
  • Any other documents as may be requested by the Bank at its sole discretion
    Applicants earning commission:
    Photocopy of NRIC (both sides)
  • Proof of Income:
  • Variable Income/Commission Based Earner:

  • 1) Latest 6 months Computerised Payslip OR
    2) CPF Contribution Statement for past 12 months OR
    3) Latest Income Tax Notice of Assessment (NOA)

Can you apply if you have a bad credit score in CBS/ FICO/ DP credit bureau?

Your personal loan application is likely to get rejected if you have a bad credit score. Late payments or missed payments are some of the major are some of the major contributors to a bad credit score. If you currently have an unsatisfactory credit score, take steps to rebuild it by clearing overdue payments. Make full and timely payments on your debts for 6 months before reapplying.

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

Citibank Ready Credit SmartCash
  • Get Citibank Ready Credit for up to 3 years with an interest rate of 4.83% as one of the welcome offer. Get finance up to 2 times of your monthly salary with an approval duration of up to 7 business days. To be eligible for this personal loan your minimum monthly income should be atleast S$1,667.

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