A father and a daughter are reading; image used for HSBC Personal Instalment Loan Promotion 2019.

Sign up for HSBC's Personal Instalment Loan successfully from 6 December 2019 to 12 February 2020 to enjoy the following promotion:


Monthly flat rate as low as 0.11%1(APR as low as 2.47%)

Document submission offer of HK$100 cash rebate2

Monthly flat rate as low as 0.11%1(APR as low as 2.47%)

Document submission offer of HK$100 cash rebate2

 

  • HK$0 handling fee3
  • Loan amount of up to HK$1,500,000 or 12 times of the monthly salary4
  • Choice of repayment period from 6 months to 60 months
  • 1-minute approval5 and no income proof is required if you have maintained an auto payroll account with HSBC for one month or above6
  • 30-day service pledge7 – early redemption fees waiver
  • Cash withdrawal from over 1,000 HSBC's ATMs and branches

 

Want to know the monthly repayment and other details of your Personal Instalment Loan?

Repayment Calculator

 

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

Simple steps for loan application via HSBC HK Mobile Banking app

Preferential interest rate for personal instalment loan

Loan amount (HK$) $5,000 - $99,999 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $499,999 $500,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,499,999 $1,500,000 or above
Flat rate per month 12 months or below 0.34% 0.33% 0.26% 0.23% 0.18% 0.15% 0.12% 0.11%
18-36 months 0.36% 0.35% 0.28% 0.25% 0.20% 0.16% 0.13% 0.12%
above 36 months 0.38% 0.37% 0.30% 0.27% 0.22% 0.17% 0.14% 0.13%
12 months Monthly repayment
amount (HK$) - For
every
HK$10,000
loan amount (APR)
$867.4
(7.72%)
$866.4
(7.49%)
$859.4
(5.88%)
$856.4
(5.19%)
$851.4
(4.05%)
$848.4
(3.37%)
$845.4
(2.70%)
$844.4
(2.47%)
18 months $591.6
(8.35%)
$590.6
(8.11%)
$583.6
(6.47%)
$580.6
(5.77%)
$575.6
(4.60%)
$571.6
(3.68%)
$568.6
(2.99%)
$567.6
(2.76%)
24 months $452.7
(8.40%)
$451.7
(8.16%)
$444.7
(6.52%)
$441.7
(5.81%)
$436.7
(4.65%)
$432.7
(3.71%)
$429.7
(3.02%)
$428.7
(2.78%)
36 months $313.8
(8.40%)
$312.8
(8.17%)
$305.8
(6.54%)
$302.8
(5.84%)
$297.8
(4.67%)
$293.8
(3.74%)
$290.8
(3.04%)
$289.8
(2.81%)
48 months $246.4
(8.82%)
$245.4
(8.59%)
$238.4
(6.98%)
$235.4
(6.29%)
$230.4
(5.14%)
$225.4
(3.98%)
$222.4
(3.29%)
$221.4
(3.05%)
60 months $204.7
(8.73%)
$203.7
(8.51%)
$196.7
(6.93%)
$193.7
(6.25%)
$188.7
(5.11%)
$183.7
(3.97%)
$180.7
(3.28%)
$179.7
(3.04%)

As an illustration, total repayment amount is HK$10,408.8 based on HK$10,000 loan amount and 12 months repayment period. The highest APR of this promotion is 8.82%.

The monthly repayment amount and the Annualised Percentage Rate (APR) is calculated based on 12, 18, 24, 36, 48 or 60-month repayment period and loan amount of every HK$10,000. The monthly repayment amount is rounded up to one decimal place. 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 repayment amount may differ, Customers can refer to the Loan confirmation letter for actual related information.

Remarks of the monthly repayment table Remarks of the monthly repayment table
  1. The above table applies to customers who successfully apply for and draw down a personal instalment loan (the "Loan") with a minimum Loan amount of HK$5,000 (the "Customers") during the promotional period which commences on 6 December 2019 and ends on 12 February 2020, both dates inclusive (the "Promotional Period").
  2. The interest rate that will apply and the amount of interest that will be charged are calculated based on the approved Loan amount and the repayment period.
  3. You may repay the outstanding principal amount of the Loan (in whole but not in part) ahead of the final repayment date. If you choose to do so, we will charge a fee equal to a percentage (specified by us at the time) of the outstanding principal amount. You are required to repay applicable promotional offers in case of early repayment (subject to promotional terms and conditions).
  4. The proportion of interest and principal in each monthly repayment is calculated according to the Straight-line method. Further information available on our HSBC website (Borrowing> Loans>Personal Instalment Loan>Frequently Asked Questions).
  5. If your Loan application cannot fulfil our credit requirement, the Bank may still process your application on a case-by-case basis, but the interest rate, handling fee, repayment period and/or promotional offer may be adjusted. The Bank will inform you on the finalised Loan details. If you accept the Loan details, we will credit the Loan into your repayment account according to normal procedure.
  6. Please contact our staff or call our hotline for details on other repayment periods.
Remarks Remarks
  1. Only applicable to customers who have successfully applied for and drawn down the loan during the promotional period which commences on 6 December 2019 and ends on 12 February 2020, both dates inclusive (the "Promotional Period") with an approved loan amount of HK$1,500,000 or above. Monthly flat rate is 0.11% and Annualised Percentage Rate (APR) is 2.47% for a repayment period of 12 months. 
  2. To be eligible for HK$100 cash rebate, a customer must have successfully submitted supporting document(s) required by the Bank for the loan application during the Promotional Period with an approved loan amount of HK$100,000 or above. The Document Submission Offer is not applicable to loan applications on which the Bank does not require submission of any supporting document.
  3. HK$0 handling fee is not applicable to any re-drawn part of the loan. Any re-draw of the repaid loan amount is subject to a re-draw charge.
  4. The lower one applies.
  5. Applications have to be submitted during the Bank’s service hours (Monday to Friday: 9 am - 8 pm, Saturday: 9 am - 5 pm, Sunday and public holidays: 12 noon - 12 midnight, or individual branch’s opening hours) with all required information (including without limitation a valid HSBC banking account number) and documents. The actual turnaround time starts when all the required information is successfully inputted into the Bank’s application evaluation system and the Bank may provide the instant application result and fund disbursement. Processing time may vary in some cases depending on the actual circumstances of individual applications.
  6. For irregular income earners (including customers working on a part-time, commission or profit-sharing basis, contractors, independent contractors or freelance), no income proof is required if they have maintained an auto payroll account with HSBC for at least three months.
  7. The offer is only applicable to customers applying for HSBC’s Personal Instalment Loan and it is not applicable to loan redrawn. Early repayment fee of 2% of outstanding principal amount will be waived subject to repayment of the outstanding principal amount of the loan and the daily interest, calculated on a pro rata basis, incurred between the date of drawdown and the date the Early Repayment Application Form is received by HSBC. The calculation of interest payable shall be in accordance with the method applied by HSBC from time to time in apportioning repayments between interest and principal. Please click here for 30-day service pledge terms and conditions.
Promotional Terms and Conditions of HSBC's Personal Instalment Loan Promotional Terms and Conditions of HSBC's Personal Instalment Loan

When can you enjoy the offer

  1. The promotional period for the offer is from 6 December 2019 to 12 February 2020.

What is the offer

  1. You can enjoy cash rebate for your approved application of Personal Instalment Loan (“Loan”) during the promotional period.

How can you enjoy the offer

  1. To be eligible for HK$100 cash rebate under the Document Submission Offer, you must submit supporting document(s) required by us for a Loan application and the Loan of HK$100,000 or above must be approved during the promotional period. The Document Submission Offer is not applicable to loan applications on which we do not require submission of any supporting document.

Read before you enjoy the offer

  1. You are entitled to the offer once only under this promotion.
  2. The cash rebate will be credited to your Loan repayment account on or before 30 June 2020 (the “Offer Credit Date”) without further notice. You have to ensure your Loan repayment accounts are still valid on the Offer Credit Date in order to enjoy the offer.
  3. If you cancel your Loan on or before the Offer Credit Date, you will not be eligible for the offer. You shall be required to return to us any cash rebate earned under the applicable promotional offer in case of early repayment of the Loan.
  4. We can change or cancel the offer or amend the terms and conditions. Please check our website for the latest details, availability and terms and conditions of the offer.
  5. Our employees and the employees of other members of the HSBC Group are not eligible for this promotion.
  6. In case of any dispute arising out of this promotion, our decision shall be final and conclusive.
  7. We write the terms and conditions of the offer under Hong Kong laws. In the event of any discrepancy or inconsistency between the English version and the Chinese version of the promotional materials and these terms and conditions, the English version shall prevail.

Key Facts Statement

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

Reference number: Y9-U2-LPIL67