Sometimes the money at the end of the month doesn't meet your needs, an HSBC online personal loan might help. Having the option to get a loan is a great thing. This can definitely help when you need additional funds for unexpected expenses, buying a car, paying for a wedding and making home improvements.
If these are the type of expenses you need to cover, you might want to look into getting a personal loan. Such loans can help you pay for a wide variety of personal costs including vacations, education, and purchases.
When looking for the right personal loan, you should consider the HSBC Online Personal Loan. Want to know more? Check out this guide.
HSBC Online Personal Loan Features and Benefits
If you are considering getting this loan, you need to know exactly what it has to offer. As mentioned, this is perfect for personal expenses. This offers quick decisions and access to funds, especially if you are an existing HSBC customer.
However, keep in mind that this loan is not available for several purposes such as purchasing property, investments, mortgage deposits, gambling, business and share dealing.
The best thing about this loan is that you can top up your loan. This means that you can get more funds even if you have an existing personal loan with HSBC.
Getting an HSBC Online Personal Loan
Applying for this loan can be done without leaving the comfort of your own home. You can visit their website and send in your application via the bank’s online form. However, keep in mind that there are eligibility qualifications that you need to satisfy.
You must be over 18 years old and a resident of the United Kingdom. You should also have a bank or building society account with a Direct Debit facility. Take note that this service is not available for customers with a Basic Bank Account.
Moreover, you should have an annual income or pension of ₤10,000 or more before tax. You should also be able to prove your income. For a smoother application, make sure to have proofs of your identity, address, and income, as well as your latest bank statement and payslips.
Rates and Charges
Your repayments will depend on your loan amount and term. Your loan can range from ₤1,000 to ₤25,000, which you can pay over 12 to 60 months, depending on what term you choose. Now, if you borrow ₤10,000 payable over 36 months, your repayment will be ₤291.92 monthly.
This can raise your total amount payable to ₤10,509.12 with a fixed interest rate of 3.3%. Keep in mind that your rate can range from 3.3% to 21.9% per month. Your rate can vary depending on how much you borrow.
How To Apply For An HSBC Online Personal Loan Conclusion
Accessing additional funds with HSBC Online Personal Loan can be fast and easy. For more information, you can give them a call at 03457 404 404 for existing customers or 03456 040 626 for non-HSBC customers.
You can also use their mobile and online banking services to send instant messages. Just download their app and use the Chat with us feature or log into your online account and use the Live Chat feature.
Note: There are risks involved when applying for a loan. Consult the bank's terms and conditions page for more information.