Earn exclusive cashback rewards
Give your goals a head start with AED 500 cashback when you take out a new personal loan, or transfer your existing loan.1
You could also be eligible for up to a total of AED 5,500 of exclusive cashback offers on a range of products.
HSBC New to Bank Customer Offer and Relationship Offer Terms and Conditions apply.
Offer valid from 16 January to 30 April 2023 (both days inclusive).
HSBC Personal Loan
Make your plans a reality with a Personal Loan with flexible terms, a quick decision and rates starting from 7.24% annual percentage rate. This rate is available to Premier customers working for a HSBC listed company and who transfer their salaries to HSBC. And if you're looking to lower your carbon footprint, an Energy Efficiency (EE) Loan can help to pay for the costs of solar panels for your home.2 & 3
Already an HSBC Customer?
Log on to online banking for the quickest and easiest way to apply.
Why you'll want an HSBC Personal Loan
- Flexible termsPay your loan back over 6 to 48 months.
- Individualized interest rateGet an interest rate based on your profile.
How much can I borrow?
Use our Personal Loan Calculator to adjust how much you’d like to borrow and over how many months.
You might be able to reduce your monthly repayments, and total amount payable by slightly adjusting the amount you borrow.
dpws-tools-calculator-creator
**The staff of the General Head Quarters of the UAE Armed Forces can avail Personal Loan up to 60 months provided other eligibility criteria are met.
Please note that the figure provided does not take into account your individual circumstances. We strongly recommend that you get a Decision in Principle, which is a personalised estimate of how much you could borrow. Please also refer to the 'Things you should know' section.
HSBC Energy Efficiency Loan
Live a more sustainable life with an HSBC Energy Efficiency Loan, and get help to pay for the costs of solar panels for your home, while saving on your electricity bill.
HSBC Energy Efficiency Loan comes with a preferential reduced rate of 6.99% per annum, with no processing fee. You can use this loan to exclusively finance the purchase and installation of solar PV panels to help lower your carbon footprint.
HSBC Energy Efficiency Loan are available to all solar PV companies that are registered with DEWA and ADDC.
Also, with every successful application for an HSBC Energy Efficiency Loan, a tree will be planted in the UAE at no extra cost to the customer, through our partnership with One Tree Planted LLC.
Are you eligible?
You can apply for a Personal Loan if you:
- are a UAE national or resident
- are between 21 and 65 years old
- earn at least AED 7,500 a month3
- have a current account with HSBC and credit your salary to that account
Things you should know
Representative example
| Total loan amount | Repayment Tenor | Monthly instalment | APR (Annual Percentage Rate)5 | Total interest (for the loan tenor) | Total Processing Fees (including VAT) |
|---|---|---|---|---|---|
| AED 150,000.00 | 48 | AED 3,591 | 7.24% | AED 22,380 |
AED 1,575.00 |
| Total loan amount | AED 150,000.00 |
|---|---|
| Repayment Tenor | 48 |
| Monthly instalment | AED 3,591 |
| APR (Annual Percentage Rate)5 | 7.24% |
| Total interest (for the loan tenor) |
AED 22,380 |
| Total Processing Fees (including VAT) | AED 1,575.00 |
You may have to pay penalties if you pay off a loan/financing early.
If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future.
Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit.
How to apply
You can apply for a personal loan by logging in to online banking. If you're interested in a HSBC Green Personal Loan, complete our callback form to speak to a member of our team.
Online
Already an HSBC Customer?
Log on to online banking for the quickest and easiest way to apply.
Notes
1Top-ups are excluded and subject to credit risk policy approvals.
2Annual Percentage Rate quoted is based on reducing rate which is fixed throughout the loan tenor, and is inclusive of 1% arrangement fee amortized over the maximum loan tenor of 48 months. Interest is calculated on the basis of a 365 day calendar year and accrues daily. We apply the interest rate to your Loan balance as it reduces each month (i.e. as you pay each scheduled instalment).
3Final approval is subject to satisfactory documentation, salary transfer, internal policies and credit bureau checks.
4With every successful application for an HSBC Energy Efficiency Loan, a tree will be planted in the UAE on the customer's behalf, free of charge, through our partnership with One Tree Planted LLC.
5The mentioned rate is applicable for Premier customers working for a HSBC listed company. This rate may vary depending on the customer segment and prevailing market condition.
6We'll get back to you within 60 minutes during working hours, Monday to Friday, 09:00 to 16:30. If you contact us outside of these times, we'll get back to you on the next working day.