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?
You can apply for a personal loan by completing our callback form to speak to a member of our team.
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.
- No need for Credit life insuranceTake out your loan without having to pay for extra insurance.
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.
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**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.
Looking to save on your electricity bill? Buy and install solar PV panels with an HSBC Energy-efficiency Loan and enjoy a discounted rate of 6.99% per annum, with no processing fee.
HSBC Energy-efficiency Loans are available exclusively for solar PV panels purchases from all DEWA- and ADDC-registered companies.
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)4 | 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)4 | 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
Already an HSBC customer?
You can apply for a personal loan by completing our callback form to speak to a member of our team.5
New to HSBC?
Apply for an HSBC account to take advantage of our Personal Loans.
Related products
Home Improvement Loan
It takes more than money to turn a personal loan into a more personal home.
Overdraft
A safety net for life's unexpected expenses.
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.
4The 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.
5We'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.