Simplify your repayments with HSBC's Personal Instalment Loan Balance Consolidation Programme, and rediscover simple delights of life with family.

With Personal Instalment Loan Balance Consolidation Programme, you have more choices and flexibility to make your loan repayments easier. All you have to do is to consolidate your multiple loan repayments with HSBC and enjoy a life without worry!

Apply from 22 February 2019 to 31 January 2020 to enjoy:

  • Personalised interest rate to cater your requirements

  • HK$0 handling fee

  • Extra high loan amount of up to 21 times of your monthly salary or as high as HK$1,200,000 (whichever is lower) to suit your financial needs

  • Extra long repayment period from 12 to 72 months to reduce your monthly repayment amount

  • Extra flexibility to use part of your approved loan amount for settling outstanding balances on your selected credit cards or loan accounts

Click here to apply online in 5 simple steps only

Call  2748 8080 (24-hour application hotline)
Visit  www.hsbc.com.hk/loan

Repayment example for Balance Consolidation Programme at loan amount of HK$200,000

  Credit Card Bills
HK$200,000a
Transfer to Balance
Consolidation Programmeb
Average monthly
repayment amount 
HK$7,881 HK$3,378
▼ Monthly repayment 57%
Repayment period  378 months   72 months
▼ Repayment Period 81%
Total interest expense  HK$331,986   HK$43,216
▼ Interest expense 87%

Remarks of repayment example:

The repayment example is for reference only. Actual interest expense amount that can be saved is determined on a case-by-case basis (it depends on various factors such as the outstanding balance of credit card that a customer currently holds, interest rate charged by the respective credit card, monthly repayment amount, repayment period as well as the amount of Personal Instalment Loan Balance Consolidation Programme approved by the Bank, loan repayment period, interest rate and monthly repayment amount). For details of interest calculation and the loan features, please contact our staff.

  1. This example is calculated based on an annual interest rate of 30% charged by general credit card and a monthly repayment of all fees and charges billed to the credit card followed by 1.5% of the credit card outstanding balance or HK$50 (whichever is higher) over a 378-month repayment period. The average monthly repayment amount quoted above is calculated based on the first 3 instalments and is rounded to the nearest dollar. The Annualised Percentage Rate (APR) is 34.46%. The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. The total interest expense over the whole repayment period quoted above is rounded to the nearest dollar.
  2. This example is calculated based on a monthly flat rate of 0.3% over a 72-month loan repayment period for a Personal Instalment Loan Balance Consolidation Programme. The APR is 6.90%. The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. An APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualised rate. Please note that the actual monthly flat rate, APR, monthly repayment amount and total interest expense applicable will be subject to the Bank's final approval of the Personal Instalment Loan Balance Consolidation Programme for individual customers. The average monthly repayment amount and the total interest expense over the whole repayment period quoted above are rounded to the nearest dollar.

 

HSBC's Personal Instalment Loan Balance Consolidation Programme (the "Balance Consolidation Programme") Promotional Terms and ConditionsHSBC's Personal Instalment Loan Balance Consolidation Programme (the "Balance Consolidation Programme") Promotional Terms and Conditions
  1. The promotional period commences on 22 February 2019 and expires on 31 January 2020, both dates inclusive (the "Promotional Period").
  2. Customers who repay the entire Loan prior to the final Loan repayment date shall immediately repay to the Bank the outstanding principal amount of the Loan and a sum equal to 2% of the initial approved Loan amount as stated in the Loan confirmation letter (notwithstanding any re-drawn loan) as specified in Clause 5 of the HSBC's Personal Instalment Loan Terms and Conditions. The Bank reserves the right to debit such amounts from the Customer's Loan repayment account or other accounts with the Bank (if applicable).
  3. Employees of the Bank and other members of the HSBC Group are not eligible for this promotion.
  4. No person other than the Customer and the Bank will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provisions of these Terms and Conditions.
  5. In case of any dispute, the decision of the Bank shall be final and conclusive.
  6. In case of discrepancy between the English and Chinese versions of these Terms and Conditions, the English version shall apply and prevail.
  7. These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
  8. These Terms and Conditions are subject to prevailing regulatory requirements.

Key Facts Statement

Personal Instalment Loan Balance Consolidation Programme Terms and Conditions

Notice relating to the Personal Data (Privacy) Ordinance

 

To borrow or not to borrow? Borrow only if you can repay!

Reference number:Y9-U2-DCPIL