HSBC Personal Loan Review, Rates and Fees | finder.com.au

HSBC Personal Loan

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The HSBC Personal Loan offers a competitive fixed interest rate and flexible repayments to help you get the funds you need.

No matter what you're looking to finance, whether it be home renovations, a large purchase or even a holiday, the HSBC Personal Loan is a competitive financing option to consider. Loan amounts are available from $5,000 and a low fixed rate will be applied for your entire loan term, helping you to budget and keep your repayments manageable.


From 8.50% (fixed)

Interest Rate (p.a.)

9.06%

Comparison Rate (p.a.)

$5,000

Min Loan Amount

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Details

Product NameHSBC Unsecured Personal Loan
Interest Rate (p.a.)
From 8.50% (fixed)
Comparison Rate (p.a.)9.06%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$50,000
Loan SecurityUnsecured
  • COVID-19 Update

If you're struggling to repay your personal loan, you can get in touch with the bank directly or read our guide.

Main points to consider with the HSBC Personal Loan.

This loan comes with an interest rate from 8.50% p.a., which is a fixed rate. The loan is unsecured so you can use it to finance a variety of personal purchases. While the loan amount you're approved for will depend on your financial situation, you can apply for any amount between $5,000 and $50,000. The loan comes with a $150 establishment fee.

Features that come with the HSBC Personal Loan

There are various features and benefits on offer with this loan, including:

  • Easy application and fast turnaround. You can apply online and receive a response within 60 seconds. Once you've been approved, your funds will be transferred within a couple of days.
  • Fixed interest rate. The loan comes with a competitive fixed rate of between 8.50% p.a. and 16.99% p.a., with the rate you receive being determined by your credit score. The credit score means your repayments remain the same for your entire loan term. This can help you budget and manage your loan.
  • Various loan amounts. You can apply for any amount between $5,000 and $50,000, making this loan suitable for a range of personal financing needs.
  • Choice of loan terms. Repay your loan over your choice of terms, which are between 1 to 5 years.
  • Flexible repayments. You're able to make additional repayments at any time. Keep in mind that an early termination fee applies.

How much does the loan cost?

It's important to understand all the fees and charges that come with a loan before you apply:

  • Interest rate: From 8.50% p.a. to 16.99% p.a. The rate you receive is determined by your credit score.
  • Establishment fee: $150
  • Monthly account-keeping fee: $5
  • Early terminational fee: $199 (does not apply in the last six months of the loan term)

Keep in mind that other fees and charges may apply. Check your loan contract for a full list of these.

HSBC Personal loan details, rates & fees:

  • Interest Rate: From 8.50% p.a.
  • Comparison Rate: From 9.06% p.a.
  • Interest Rate Type: Fixed
  • Minimum Loan Amount: $5,000
  • Maximum Loan Amount: $50,000

Here's how you can apply for the HSBC Personal Loan

You can get your application started by clicking "Go to Site". First, make sure you meet the eligibility criteria as outlined below:

  • You're over the age of 18
  • You earn at least $40,000 p.a
  • You have a good credit rating

If you meet these criteria you are eligible to apply. Have the following documents on hand to complete the application:

  • Identification, such as your driver's licence or passport
  • Address and contact details
  • Details of your employments, such as your employer's name and how long you've worked there
  • How much your earn and information regarding your finances

The application shouldn't take you longer than 10 minutes and you'll receive a response from HSBC in 60 seconds. If you're approved, you can receive your funds a couple of days later.

The HSBC Personal Loan is a competitive offering, but as there are a range of similar loans available, remember to compare your personal loan options before you submit your application.

Compare other personal loans

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
Harmoney Unsecured Personal Loan

From 6.99% (fixed)
7.79%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 6.99% p.a. and 24.79% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.
Plenti Personal Loan

From 6.39% (fixed)
6.39%
$2,001
3 to 7 years
$0 to $999
$0
You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
Citi Personal Loan Plus
8.90% (variable)
9.18%
$5,000
3 to 5 years
$199
$0
You'll receive a variable rate of 8.90% p.a. with a comparison rate of 9.18% p.a.
A credit limit up to $40,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 30 September 2021.
Alex Personal Loan

From 5.49% (fixed)
5.49%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 5.49% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 3 May 2021
OurMoneyMarket Personal Loan

From 5.35% (fixed)
6.31%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 5.35% p.a. to 20.99% p.a. based on your risk profile
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.


⭐ Finder Exclusive: Apply before April 30th to secure a discounted rate of 5.35% p.a. (comparison rate: 6.31% p.a.) for the first 12 months.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.


⭐ Finder Exclusive: Get a free $200 Westfield e-gift card once your loan application has settled. Offer ends on 30 April 2021. T&Cs apply.
Latitude Personal Loan (Unsecured)

From 7.99% (fixed)
9.24%
$3,000
1 to 7 years
$250 (Loans under $5000 - $140)
$13
You'll receive a fixed rate between 7.99% p.a. and 22.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly. You can check your interest rate before applying with no impact to your credit score.
SocietyOne Unsecured Personal Loan (2-3 years)

From 6.39% (fixed)
6.39%
$5,000
2 to 3 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.39% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
SocietyOne Unsecured Personal Loan (5 years)

From 6.39% (fixed)
6.39%
$5,000
5 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.39% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
Wisr Personal Loan

From 6.49% (fixed)
6.76%
$5,000
3 to 5 years
$595
$0
You'll receive a fixed rate between 6.49% p.a. and 19.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.
CUA Unsecured Fixed Rate Personal Loan
9.39% (fixed)
9.64%
$5,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 9.39% p.a.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
MoneyMe Personal Loans

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
Plenti Variable Rate Personal Loan

From 6.39% (variable)
6.39%
$2,001
1 to 3 years
$0 to $999
$0
You'll receive a variable rate from 6.39% p.a and 16.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
Pepper Money No Fee Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
$0
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $50,000 and use for a range of purposes. Pay no upfront, early repayment or ongoing fees.
CUA Unsecured Variable Personal Loan
11.89% (variable)
12.15%
$5,000
1 to 7 years
$175
$0
You'll receive a variable rate of 11.89% p.a.
Borrow from $5,000 with the option for flexible repayments and no monthly fees.
NAB Personal Loan Unsecured Variable Rate

From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes. Benefit from fee-free additional repayments and a redraw facility. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
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Compare up to 4 providers

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 24.79% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 10.5% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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27 Comments

    Default Gravatar
    Nikki
    July 13, 2018

    Hi Cameron!

    Thanks for getting in touch!

    HSBC gives to and receives information from three Credit Reporting Bodies in Australia:

    – Equifax
    – Dun and Bradstreet
    – Experian Australia Credit Services Pty Ltd

    You can check your credit score on our page using a valid Australian driver’s license and passport.

    Hope this was helpful!

    Cheers,
    Nikki

    Default Gravatar
    Susanne
    June 7, 2018

    Hi, I currently have a loan with HSBC (which is good) and I want to consolidate this a credit debt (with GEM) total debt being $50,000. I have a good credit rating but unsure if they will do re-financing for me.

      Default Gravatar
      Nikki
      June 8, 2018

      Hi Susanne,

      Thanks for leaving a question on our page.

      Please note that we don’t stand as a representation for HSBC and any other company we feature on our site. We provide product comparison and general information for you.

      Great to know that you’ve checked your credit score. It would be good to make sure you are eligible and you have all the requirements in place before you apply for a loan consolidation with them.

      Hope this helps.

      Cheers,
      Nikki

    Default Gravatar
    Natalie
    May 17, 2018

    Please contact me to discuss a personal loan

      Default Gravatar
      Joel
      May 17, 2018

      Hi Natalie,

      Thanks for leaving a question on Finder.

      If you are looking to get a personal loan from HSBC, simply head to HSBC Australia’s official website to apply. Please ensure that you’ve met the criteria above and can provide the needed documents.

      Alternatively, you may compare and weigh your options through other lenders offering personal loans in Australia. You can use our comparison table to help you find the lender that suits you. Please make sure to enter the amount you wish to borrow following the repayment term to see your projected monthly repayments for each lender. Once you have chosen a particular lender, you may then click on the “Go to site” button to be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      Cheers,
      Joel

    Default Gravatar
    Geoff
    February 18, 2018

    Hello Sir,

    My question is I am seeking a personal loan for $16000 but it says I have to earn a minimum of 40K a year, but I’m on a disability pension, my income is $23000 a year guaranteed, I have no other loans bar a visa with Nab with a credit limit of $15000 which has $5000 on it at the moment, my credit rating is perfect, would you guys consider me for one of your personal loans ??

    Regards Geoff

      Avatarfinder Customer Care
      Jonathan
      March 7, 2018

      Hi Geoff, thanks for your inquiry.

      Please note that you have reached finder.com.au and not HSBC. To clarify whether your circumstances will qualify for this loan please contact HSBC directly on 1300 308 280.

      Best regards,

      Jonathan

    Default Gravatar
    HabiburRahman
    October 10, 2017

    I need a business loan. Can you help me?

      Avatarfinder Customer Care
      Rench
      October 10, 2017

      Hi Habibur,

      Thanks for your inquiry.

      You may visit our page on business loans. On the page, is a comparison table you can use to see which lender suits you. Please click the name of your preferred lender to find out the details and the minimum eligibility. You may then click the green “Go to Site” button to submit your loan application online.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      Cheers,
      Rench

    Default Gravatar
    kuldip
    June 8, 2017

    Hi. If I payoff loan early then is there any other charges than the early termination fees?

      Default Gravatar
      Liezl
      June 8, 2017

      Hi Kuldip,

      Thanks for your question.

      There could be other fees such as government fees and duties that you might have to pay on top of the $199 loan pre-termination fee. Please refer to your loan contract, terms and conditions or contact HSBC directly to enquire. You can always contact HSBC and get a payout figure that will help. I sent on your email the personal loan terms and conditions for your reference.

      I hope this helps.

      Cheers,
      Liezl

    Default Gravatar
    Emm
    May 23, 2017

    I good couple of inquiries on my credit file and want to know if i still can borrow money through personal loan.

      Avatarfinder Customer Care
      Dee
      May 24, 2017

      Hi Emm,

      Thanks for your question.

      Kindly note that HSBC loan requires good credit rating. If you don’t know your score yet, you may request a free credit score through our website.

      In case your credit score is low, you may compare your bad credit loan options and find the right provider for you.

      Cheers,
      Anndy

    Default Gravatar
    Lisa
    May 18, 2017

    If I apply for a personal loan with HSBC for 5 years and pay the loan out early do I pay the interest up to when I pay the loan out or do I pay the full interest calculated for the 5 years?

      Avatarfinder Customer Care
      May
      May 18, 2017

      Hi Lisa,

      Thank you for your inquiry.

      With HSBC Personal loan, you will pay less interest if you pay out your loan early. The interest you can be charged depends on the actual time the loan amount is owing. Though please note that you may have to pay an early termination charge of $199 and other fees.

      Cheers,
      May

    Default Gravatar
    Mark
    April 4, 2017

    Very easy to obtain loan, but that is where it stops.
    No follow up information provided by email, just original details downloaded after applying. Personal loan internet banking very basic and not much functionality. Have to wait for first statement before being able to pay extra payments via Bpay as Bpay tab in the internet banking greyed out..why?
    Call centre staff very unfriendly and can’t wait to get you off the phone.

      Avatarfinder Customer Care
      Harold
      April 5, 2017

      Hi Mark,

      Thank you for your inquiry.

      Our company finder.com.au is a financial comparison website and general information service designed to help consumers to make a better decision. Please note we do not represent any company we feature on our pages.

      You can get your application started by clicking “Go to Site”. First, make sure you meet the eligibility criteria as outlined below:
      – You’re over the age of 18
      – You earn at least $30,000 p.a.
      – You have a good credit rating
      – If you meet these criteria you are eligible to apply. Have the following documents on hand to complete the application:

      Identification, such as your driver’s licence or passport
      – Address and contact details
      – Details of your employments, such as your employer’s name and how long you’ve worked there
      – How much your earn and information regarding your finances

      I hope this information has helped.

      Cheers,
      Harold

    Default Gravatar
    Marquisya
    November 9, 2016

    Wanted to know the payments per month for a 3000 dollar loan. How long to pay?

      Avatarfinder Customer Care
      Dee
      November 9, 2016

      Hi Marquisyasudderth,

      Thanks for your question.

      For HSBC Personal loan, the minimum loan amount is $5,000 with maximum repayment period of 5 years.

      You can click the ‘go to site’ button on our page so you’ll be directed to HSBC website where you can take advantage of their Personal Loan Repayment Calculator.

      Cheers,
      Anndy

Go to site