HSBC Personal Loan Singapore : From 1.99% p.a. (EIR ~4.00%) & Long 7‑Year Tenure
Updated: 3 Aug 2025
Apply for HSBC Personal Loan in Singapore with attractive rates from 1.99% p.a. (EIR ~4.00%), zero processing fee, flexible terms up to 7 years, and up to S$3,600 cashback via SingSaver.
Loan | Annual Interest Rate | Monthly Repayment | SingSaver Reward | Trending Reward | Total Cost of Loan | EIR | ||
|---|---|---|---|---|---|---|---|---|
 | 2.20 % | S$444 | S$210 | S$990 | 4.00 % p.a. |
⚡ SingSaver SG60 Flash Deal⚡
Apply and get approved for a HSBC Personal Loan (minimum loan amount S$8,000, 36-month tenure) to unlock up to S$1,100 Cash!
🎯 How to Qualify
- Offer valid until 31 August 2025
- Apply for a HSBC Personal Loan with a minimum loan amount of S$8,000
- Choose a tenure of at least 36 months
- Get cash rewards via PayNow based on your approved loan amount
- Open to new and existing HSBC personal loan customers.
Get S$20 Extra when you Submit Your Form in Time!
Get an extra S$20 Shopee voucher via WhatsApp when you submit your rewards form within 13 days of your bank application, on top of your selected reward! Valid for DBS, GXS, HSBC, POSB, SCB, Trust Bank, and UOB personal loans.
Why Trust SingSaver
Interest Rate
2.20 %Monthly Repayment
2.20 %EIR
4.00 % p.a.Total Interest Payable
S$ 990For a HSBC Personal Loan of S$15,000 over 36 months, you’ll enjoy via Singsaver:
- One of the lowest interest rates from 1.99% p.a (EIR 3.8% p.a) for those earning min. S$30,000 annually.
- No processing fees
- Instant disbursement upon approval to an HSBC bank account
- Get a 1-minute in-principle approval on your HSBC Personal Loan
- Max. loan amount equal to 90/95% of approved credit limit at time of application
- Min. loan amount of S$1,000
- Option to borrow at a slightly longer loan tenure of 7 years
- Early repayment fee: 2.5% of the repayment amount
- Overdue interest: 2.5% + prevailing interest on overdue amount
- Late payment fee: S$75 for each monthly repayment that is not received in full by the monthly due date
Eligibility
Minimum Age: 21 years old
Min. Annual Income: S$30,000
Required Documents
1. NRIC (Front & Back)
2. For salaried employees: Last 3 months’ computerised payslip, or latest Income Tax Notice of Assessment with latest 1 month’s computerised payslip, or latest 6 months’ CPF statement (for Singaporeans or PRs)
3. For self-employed persons: Last 2 years’ Income Tax Notice of Assessment
Key Features
The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.
🏦 HSBC Personal Loan Overview
Key Features
- Promo interest rate from 1.99% p.a. (EIR ~4.00% p.a.) with no processing fee
- Longest repayment tenor in market up to 7 years
- Borrow up to 4× monthly income (or 8× if annual income ≥ S$120,000; max limit S$200K)
- Application via SingPass MyInfo for faster approval
- Up to S$1,100 cash depending on loan amount and tenure via SingSaver
- Open to Singaporeans, PRs (min S$30K), and foreigners (min S$40K, valid work pass)
How to Apply
- Apply via SingPass MyInfo; existing Personal Line of Credit customers may enjoy faster approval without documents
- Enter loan amount and tenure, select payout bank
- Review personalised rate, EIR and estimated repayments
- Submit & receive approval in principle within a minute and cash disbursal to your bank (instantly for HSBC; up to 5 business days for non‑HSBC)
Interest & Repayment
- Headline rate ~2.20% p.a., Effective Interest Rate from ~4.00% p.a.
- Example: S$10,000 over 36 months → total repayable ≈ S$10,220; monthly ≈ S$852
- Minimum monthly payment is 3% of balance or S$15, whichever higher
Fees & Charges
- Processing Fee: Waived (0%) for promotional period
- Annual Fee: S$120 (first year waived for new applicants)
- Late Payment Fee: S$120 per missed instalment
- Early Repayment Penalty: 2.5% of redemption amount (same for partial or full early settlement)
Pros & Cons
✅ Pros
- Lowest rate from 1.99% p.a. (EIR ~4.00%)
- Longest tenure up to 7 years, ideal for lower monthly payments
- No processing fee
- Instant in-principle approval via SingPass
- Attractive cashback up to S$1,100 via SingSaver promo
- Accessible to foreigners with relatively low income requirement
❌ Cons
- Annual fee applies each year after first (S$120)
- Cash disbursement to non-HSBC accounts may take up to 5 days
- Early settlement penalty of 2.5%
- Cashback only applies to loans ≥ S$10,000 and ≥3-year tenure
Other Notable Features
- No need for existing HSBC credit card or savings account to apply
- Borrowing limit up to S$200,000 depending on your income
- Flexible repayment plan suitable for debt consolidation, renovation, education or cash buffer
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