HSBC Personal Loan
Full product details for the HSBC Personal Loan, including loan details, application criteria, rates, suitability, fee & charges, example costs, facilities, restrictions and incentives.
HSBC Personal Loan Features & Benefits
| Representative Example | The representative APR is 6.2% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.2% p.a. (fixed) you will repay £234.99 per month & £11,279.52 in total. | |
| Loan Type | Unsecured | |
| Minimum Loan | £7,000 | The minimum advance is £7000. |
| Maximum Loan | £25,000 | The maximum advance is £25000. |
| Minimum Loan Term | 1 year | The minimum loan term is 12 months. |
| Maximum Loan Term | 8 years | The maximum loan term is 96months. |
| Headline Representative APR | 6.2% | 6.2 |
| Headline Representative Loan Amount | £7,000 to £15,000 | |
| Early Repayment Charge | 28 days | The early redemption charge is equivalent of up to 28 days interest. |
| Deferred Start | 3 months | The 3 month repayment holiday must be taken at the start of the loan and can't be offered where more than 70% of the loan is for refinancing existing borrowing. |
| Debt Consolidation | yes | Debt consolidation allowed. |
| Express Delivery | yes | Express delivery/transfer available. |
| Credit Rating | good | Most suited to individuals who have an average income and a recent credit history free from credit defaults, arrears, CCJs or missed payments. The majority of applicants can be described as having a good credit rating. |
| Availability | restricted | HSBC Personal Loans are only available to existing HSBC current account customers. |
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Compare HSBC Personal Loan With These Loans
Northern Bank Personal Loan
- Northern Bank offers minimum arrangement fee of £0.
- £10,000 to £25,000 initial representative loan amount is available.
- Deferred start of 1 mth is available with the loan.
- Minimum loan of £1,000 is available with this loan.
- Representative Example: The representative APR is 9.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 9.9% p.a. (fixed) you will repay £248.93 per month & £11,948.64 in total.
Ulster Bank Loan
- Have the benefit of 5 yrs maximum loan term.
- 1 yr minimum loan length.
- £1,000 minimum loan is available to you.
- Get £10,000 to £25,000 headline representative loan amount from Ulster Bank.
- Representative Example: The representative APR is 9.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 9.8% p.a. (fixed) you will repay £250.63 per month & £12,030.24 in total.
Halifax Loan
- The Halifax loan has a minimum loan of £7,000.
- Applicants enjoy 8.8% headline representative APR.
- Benefit from an arrangement fee of 0% from this Loan.
- Halifax gives deferred start of 1 month.
- Minimum arrangement fee of £0.
- Enjoy a max loan term of 7 yrs.
- Representative Example: The representative APR is 8.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 8.8% p.a. (fixed) you will repay £249.80 per month & £11,990.40 in total.
Provident Personal Credit Provident Loan (Cash)
- An arrangement fee of 0 percent is offered by Provident Personal Credit.
- £50 minimum loan is available with Provident Loan (Cash).
- Applicants get £50 to £500 introductory representative loan amount.
- A £0 minimum arrangement fee is available.
- Representative Example: The representative APR is 272.2% (fixed) at a rate of 272.2% p.a. (fixed)
Ulster Bank Ufirst Gold (Small)
- Benefit from 5 years maximum loan term from Ulster Bank.
- Ufirst Gold (Small) gives an initial representative APR of 9%.
- The loan gives £9,999 max loan.
- Deferred start of 1 mth is available.
- You will enjoy minimum arrangement fee of £0.
- Representative Example: The representative APR is 11.6% (fixed) so if you borrow £5,000 over 2 years at a rate of 11.6% p.a. (fixed) you will repay £233.17 per month & £5,596.08 in total.
Sainsbury's Finance Sainsbury's Standard Large Loan (4+ Yrs)
- Have the benefit of 7 yrs max loan term.
- 8.1% introductory representative APR is offered with Sainsbury's Standard Large Loan (4+ Yrs).
- Arrangement fee of £0 is offered with Sainsbury's Standard Large Loan (4+ Yrs).
- Maximum loan of £25,000 is available with the loan.
- Representative Example: The representative APR is 8.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 8.1% p.a. (fixed)
