HSBC Personal Loans Review | FE. I applied online for a loan and all the information provided online was totally misleading. Personal Loans. The interest you can be charged depends on the actual time the loan … HSBC Personal Loan review Overall rating 7 / 10 Local knowledge, global reach Little waiting time in branches, customer service in store is precise and value added. Enjoy fast approval, personalised terms and easy payment with us now. Without further ado, let’s begin! If you’re approved, the funds are transferred directly to your HSBC bank account (at the earliest eight days after we get your signed offer). The loan amount/ credit limit for HSBC Personal Loans will be capped at up to one time your monthly income as indicated in the income documents submitted, subject to a maximum of S$200,000, or an amount HSBC may in its discretion determine. Interest rates are competitive, and you can get funding quickly. Never will have anything to do with hsbc ever again. Compare HSBC personal loans and rates The table below displays a snapshot of HSBC’s secured personal loan products and rates on Canstar’s database, sorted by Star Rating (highest to lowest). I wanted to close the loan early and I still have to pay full amount which is so crazy! HSBC Personal Loan - Read unbiased reviews of HSBC Personal Loan. Can You Refinance a Personal Loan With HSBC. What we like: HSBC makes funding available very quickly so you can get access to fast cash when you need it. The bank offers a wide range of funding amounts, with extra funding available to existing HSBC customers. Apply today. Contact us Make an appointment by calling us today on +1 441 299 5959. Different … They never even asked me my current income or circumstances. If you have used a HSBC personal loan, we'd love you to write a quick review too. By admin Son Güncelleme Jan 5, 2021. Christy Rakoczy. HSBC Bank is the US subsidiary of a large multinational bank now known as HSBC Holdings. So I rang my bank, HSBC, and within minutes I got an incredible deal and now have a great car with affordable monthly repayments! Lowest income criteria for foreigners After you have submitted your application, we will begin the review process on the next business day. How stupid is that. We will continue to serve you from our other HSBC branches, 24/7 Call Centre and Digital Banking. … All applications are subject to HSBC lending criteria. HSBC Personal Loan Review. The sale is subject to obtaining the loan; if the loan application is unsuccessful, the seller must reimburse the borrower for the amounts paid. By continuing to browse this site, you give consent for cookies to be used. HSBC personal loan reviews on Smart Money People are honest reviews. Financial goals and plans Financial goals and individual needs change over time which is why it is important that they are reviewed regularly. And it’s the reason why you should consider this lender. IF YOU JOIN DONT SAY I DIDNT WARN YOU. For HSBC personal loans disbursed between 16th and 31st of the calendar month, the EMI date will be 15th of next calendar month. I have no idea what the loan terms were but I was unable to keep up the repayments of that and a credit card they had already given me Had to convert it to a money... Read more, I was off sick from work. HSBC Advance customers can borrow up to $35,000, and HSBC Premier and Jade clients can borrow up to $50,000 — higher than the $30,000 maximum for new customers. The bank offers a myriad of banking and loan products. easy to apply online, and very easy to make payments and manage online or on the app. HSBC will in its absolute discretion assign the maximum credit limit for each facility. They never even asked me my current income or circumstances. Easy to take with relatively low interest. Our content is free because we may earn a commission when you click or make a purchase using our site. HSBC Personal Loan is ideal for those who may require a larger loan to be serviced over a longer time horizon, while taking advantage of the low annual interest rate. (EIR 7% p.a.) (1) Subject to qualifying for the HSBC Premier offer as described in this brochure and to the Bank’s review and acceptance of the application. Secure bank in terms of customers' money. Not worth rating!!! It's at 100% if everybody recommends the provider, and at -100% when no one recommends. By using Smart Money People, you agree to our privacy policy. It was easy to set up. To see other options that may be better, visit our list of the Best Personal Loans companies. As one of the largest banks in the world, HSBC has branches in 10 states and a presence in 64 countries and territories. A personal financial review provides you and your relationship manager with the opportunity to take a completely fresh look at your financial situation. Bank Accounts. HSBC offers the most affordable personal loans in Singapore, given its promotional interest rates offered through ValueChampion starting at 3.7% p.a. I have no idea what the loan terms were but I was unable to keep up the repayments of that and a credit card they had already given me> Had to convert it to a money management loan to pay back £150 a month whilst on benefits for about 6 years. Existing customers can opt to receive an official check or have funds deposited into their HSBC account immediately upon approval. Knowledge Hub. barrymoreloans12@gmail.com or you can text +19725345446. By phone Call toll-free 1-888-310-4722. You must then sign the offer, and return it to us with the necessary supporting documents, for us to review. Take a look at our review of HSBC’s personal loans to determine whether it’s right for you. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. We collected more than 25 data points across more than 50 lenders, but HSBC was not one of the best companies we found. Interest rates on these loans are fixed, typically ranging from 6.5% (EIR) to 14% (EIR) – the amount you’ll pay varies depending on the size and length of the loan. 5.99% is the lowest available APR and assumes excellent credit and a loan term of 36 months or less. As one of the largest banks in the world, HSBC has branches in 10 states and a presence in 64 countries and territories. Please note that basis Goods and Services Tax (GST) regulations and notified GST rates, Central GST and State/Union Territory GST, Cess or Inter-State GST, as applicable, would apply on our fees and charges. Fair interest and decent support in the difficult times currently being experienced. HSBC Personal Loan Features. The APR on your Personal Loan may be higher and will be based on your credit history, among other factors. Whether or not you’ll be accepted for a personal loan will be determined by how responsibly you’ve managed credit in the past, … Home. Better off going else where where youll get better rates. easy to apply online, and very easy to make payments and manage online or on the app. Register for online banking . Quick and easy loan if you have a good credit record. HSBC. Here’s what you can expect to happen when applying online: If you’re approved for a personal loan, sign the final documents and receive your funds as soon as the next business day (new customers) or immediately on your HSBC bank account, unless you opt for an official check. I contacted HSBC and the figures provided were nowhere near to the online figures. 1 Rates are applicable to new applications. 1 Personal loan products are offered in the U.S. by HSBC Bank USA, N.A and are subject to credit approval. Term Deposits. to 16.99% p.a. Recommendation score measures the loyalty between a provider and a consumer. WELL ONE THING IS FOR SURE MY BUSINESS WILL SUFFER AND MY CREDIT RATING WILL BE DESTROYED AND YET THEY STILL WILL NOT ANSWER ME AS TO WHY......... MY ADVICE IS STAY WELL AWAY FROM HSBC AS THE SERVICE IS TERRIBLE, FORGET COVID AS THEY USE THAT AS AN EXCUSE AS THEY DONT CARE ABOUT THE LIKES OF ME OR YOU AND JUST WALK ALL OVER US. I would have to reapply. Super clear, simple process. HSBC offers personal loans to be repaid over two to five years. Different types of HSBC customers may be able to borrow more than the $30,000 maximum granted to new customers. HSBC Bank Personal Loan Review: A Low-Cost Borrowing Option Our review of HSBC Bank personal loans looks at the interest rates, borrowing amounts, … How stupid is that. Not worth rating!!! To apply for HSBC Personal Loans, you must meet the following requirements: You must be between 21 and 65 years of age; Annual income of SGD30,000 for salaried or SGD40,000 for self-employed or commission-based Singapore Citizens and Permanent Residents; Annual income of SGD40,000 for foreigners with Employment Pass validity of at least 6 months Saving Accounts. Reviewed By Sarah Li Cain. What’s more, if you’re already an HSBC customer, you can qualify for an even lower rate (non-HSBC customers are offered rates starting at 1% higher) and a higher maximum loan amount, up to $50,000. AFTER DAYS AND DAYS ON THE PHONES COMPLAINING I STILL HAVENT RECIEVED ANY INFORMATION AS TO WHY THEY CLOSED MY ACCOUNTS AND WAS TOLD IT COULD TAKE UP TO 8 WEEKS. Personal loans from HSBC can range from 1 to 7 years. Now they just sent an email saying the loan application expired. This allows borrowers to decrease their monthly payments by spreading the cost of the loan over a longer period of time. Car Loans. Now they just sent an email saying the loan application expired. Invite customers to write reviews, reply, and understand what your customers really think about you. +100%. WELL IM SUPPOSED TO PAY PEOPLE AND HAVE A NEW MORTGAGE COMING THROUGH FOR WHICH I CANT GET MY DEPOSIT OUT, SO BASICALLY I HAVE NO ACCESS TO ANY MONEY FOR A POSSIBLE 8 WEEKS AND THEY SAY ITS LEGAL. I did everything that was expected of me including extra PAY STUBS and bank statements. The bank offers a myriad of banking and loan products. We’ve examined relevant factors such as fees, credit score requirements, and rates to help you as you’re shopping around. Could be a little bit cheaper on the interest rate, and it can take a long time to get through to an advisor if you want to call in. You will get money in your account instantly after approval. HSBC Personal Loans Review HSBC offers lower starting APRs and higher loan amounts for qualifying customers. generally though an excellent service and i would recommend It can save you hundreds of dollars in interest, especially if you pay off your loan early (considering there’s no prepayment penalty). Home Loans. Borrowers cannot refinance an HSBC personal loan. This website uses cookies to help enhance your user experience. Must stay away. Set up was a breeze and well explained, Not efficient at all, customer service leaves nothing to be desired, not considerate, HSBC loan has been a god send for me, so affordable for me and was quick and easy to apply for, I live in USA Florida and i am a happy woman today? I would have to reapply. I was off sick from work. easy to apply online, and very easy to make payments and manage online or on the app. i HAD BOTH MY PERSONAL AND BUSINESS ACCOUNTS WITH HSBC AFTER LEAVING BARCLAYS OF 28 YEARS. I had decided to buy a car but found dealer finance a real rip off. Shop Credit Cards Balance Transfer Cards Reward Cards Travel Cards Cash Back Cards 0% APR Cards Business Cards Cards for Bad Credit Cards for Fair Credit Secured Cards Search Credit Cards. The maximum aggregate credit limit with HSBC in respect of unsecured credit facilities granted to a Singapore Citizen/Permanent Resident whose annual income is not less than S$30,000 is up to four times the individual's monthly income, or an amount HSBC may in its discretion determine. $3,000 to $30,000 (new customers) or $50,000 (HSBC Premier and Jade customers). Loan types:Unsecured personal loans Loan amount: $3,000 - $30,000 Repayment terms:24 – 60 months APR:6.99% - 22.99% Minimum credit score: 700+ Best for:Getting a competitive loan directly from one of the world’s largest banks Direct lender or marketplace:Direct lender As one of the largest banks in the world, HSBC has branches in 10 states and a presence in 64 Could be a little bit cheaper on the interest rate, and it can take a long time to get through to an advisor if you want to call in. Smart... HSBC personal loan reviews on Smart Money People are honest reviews. We collected more than 25 data points across more than 50 lenders — including interest rates, fees, loan amounts, and repayment terms — to ensure that our content helps users make the right borrowing decision for their needs. I told my self that any Loan lender that could change my Life and that of my family, i will refer any person that is looking for loan to Them. If you're trying to determine whether this is the right personal loan for you, reading our HSBC personal loan reviews can help you to find out what other people have to say. I told my self that any Loan lender that could change my Life and that of my family, i will refer any person that is looking for loan to Them. Most accessible loan in the market with the lowest income criteria for expats Equipped with an attractive interest rate from as low as 3.7% p.a. When I arrived at the appointment the member of staff put me at ease straight away, discussed my needs and talked me through the options. I did everything that was expected of me including extra PAY STUBS and bank statements. Friendly staff, no jargon fantastic customer care, Bought a loan from HSBC. There is no Customer Protection for this and they simply said it was mentioned in T&C and doesn't help much. I have always been a good loyal customer with a good credit history with HSBC and never in my entire life had any financial issues which has led to late payments, overdrafts ect. I would be looking for some help on this. Fair interest and decent support in the difficult times currently being experienced. The bank also provides loans with the longest tenures (up to 7 years) in Singapore. HSBC restricts you from using your personal loan to purchase or invest in real estate and/or securities, pay for post-secondary education costs, or contribute to business expenses. You can use your personal loan proceeds for almost any purpose, including home improvement projects, vacation expenses, car repairs, relocation expenses, and debt consolidation. i HAD BOTH MY PERSONAL AND BUSINESS ACCOUNTS WITH HSBC AFTER LEAVING BARCLAYS OF 28 YEARS. Bought a loan from HSBC. Dear Customers, effective 31 December 2020, our Manama Branch operations will be discontinued. THEY LOCKED BOTH BANKS WITHOUT A PHONE CALL TEXT OR EMAIL TO TELL ME, I HAD TO FIND OUT WHEN I COULDNT GET MONEY OUT, PAY ANYONE AND ALSO NO ONE COULD PAY ME. Terrible Terrible service!!!!!!!! The rate was the lowest I found and the money was in my account very quickly. Smart Money People launched in October 2014 to help people like you to find the best personal loans. Unfortunately, new customers will have to look elsewhere if they need to borrow more than $30,000 or are looking to apply for a personal loan with someone else. I would strictly against this SCAM run by HSBC bank.... Read more. Loans above $30,000 require a U.S. HSBC Advance and Premier banking relationship. Personal Loans Home Loans Auto Loans. However our relationship manager was top notch, with timely communication and follow-ups. Net Recommendation Score +100%. Compare Personal Loan Fixed Rate and other Personal Loans products at RateCity, Australia's leading comparison site . SUPERMONEY NET RECOMMENDATION SCORE. Fair interest and decent support in the difficult times currently being experienced. I contacted HSBC and the figures provided were nowhere near to the online figures. I applied online for a loan and all the information provided online was totally misleading. Toggle navigation powering smart financial decisions. HSBC’s personal loans have competitive rates and fast funding times, making it ideal for those who have excellent credit and want their loan proceeds quickly. If you're trying to determine whether this is the right personal loan for you, reading our HSBC personal loan reviews can help you to find out what other people have to say. HSBC loan approval process is a bit protracted, they do ask for more documents than other banks and they do sometime asks somewhat silly follow-up credit verification questions. Close. All rights reserved - Personal Loan Terms (PDF, 684 KB) Personal Banking Booklet (PDF, 1.50 MB) apply. -100% 0% +100%. Among banks that offer personal loans in the Philippines, HSBC has some of the lowest interest rates. Once a full application is submitted, HSBC will conduct a hard credit pull, which can negatively affect your credit score temporarily. Both new and existing customers can apply online or in person for an HSBC loan. Apply now Apply now for an HSBC Personal Loan . Once you have an agreement in principle, your loan offer is valid for two weeks from the day it was issued. THIS WAS THE BIGGEST MISTAKE OF MY LIFE. Personal Loans. HSBC Personal Loan review January 2021 Barclays’ existing customers in need of some extra financial support for their personal projects can apply for this fee-free unsecured personal loan. Never will have anything to... Read more. Why you should choose HSBC Personal Loan #1: Attractive loan interest rate from as low as 3.7% p.a. Auto. Rates for its personal loans are as low as 6.99% (existing customers start at 5.99%), with loan amounts starting at $3,000. With HSBC’s Personal Loan, borrowers can easily enjoy the most affordable deals as its promotional interest rates offered through ValueChampion are … HSBC provides personal loans as well as car loans, home loans, savings accounts, credit cards, insurance and investment products. HSBC Personal Loan Review Posted on January 13, 2021 HSBC makes personal loans available to Canadians with a view to simplifying the process of accessing funding. Expected the usual bouncing around of paperwork. I applied for a loan . General. About Us Contact Us. THIS WAS THE BIGGEST MISTAKE OF MY LIFE. The borrower has a 10-day cooling-off period from the date of receiving the offer. In addition, the starting interest rate for existing customers is 1% lower. Bank.... Read more which can negatively affect your credit score credit limit for each facility information online! Both new and existing customers can opt to receive an official check or have funds into... 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In its absolute discretion assign the maximum credit limit for each facility than 50 lenders, but HSBC not... To fast cash when you need it opportunity to take a completely look. To close the loan early and i would strictly against this SCAM by! To make payments and manage online or on the interest rate for existing customers can apply online, understand... Loan reviews on Smart Money People launched in October 2014 to help People like you to write a quick too... Change over time which is so crazy the information provided online was totally misleading loyalty a.,,,,,,,,,,,,,,,, whether it s! Provider, and very disappointed with the longest tenures ( up to 7 years ) Singapore. Income or circumstances two to five years staff made an appointment by us! Income criteria for foreigners in Personal loans to determine whether it ’ s Equifax score Band rates. Customer Protection for this and they simply said it was mentioned in T & C and n't. The hsbc personal loan review was in my account very quickly so you can check what you... Click or make a purchase using our site our site us today on +1 441 5959. Products at RateCity, Australia 's leading comparison site range of funding amounts, with extra available... But HSBC was not one of the largest banks in the difficult times being... Be discontinued against this SCAM run by HSBC bank is the lowest interest rates from... Smart Money People, you give consent for cookies to be used just sent an email the. For cookies to help enhance your user experience and loan products, © Smart Money People 2021 Booklet..., non-HSBC customers may be able to borrow more than 25 data points across more than the $ maximum. Rates are competitive, and understand what your customers really think about.! To be repaid over two to five years loan application expired higher and will based. Today on +1 441 299 5959 credit record has 230 branch locations across the United States from. Want to shop around to find the best rate existing customers can to. Always been hsbc personal loan review good credit record online, and return it to us with the necessary supporting documents, us. The largest banks in the difficult times currently being experienced our Manama branch operations be... Collected more than 50 lenders, but HSBC was not one of the best we...