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Rent Loan

Manage your rent payments

Help with paying rent upfront

If you need to pay your rent in advance, a Rent Loan could take care of your obligations to your landlord and help you manage the cost. Rates start from 6.74% annual percentage rate. This rate is available to Premier customers working for a listed company with HSBC who transfer their salaries to HSBC.1 & 2

Already an HSBC Customer?

Log on to online banking for the quickest and easiest way to apply.

Why you'll want an HSBC Rent Loan

  • Flexible terms

    Pay your loan back over 6 to 48 months.

  • Individualized interest rate

    Get an interest rate based on your profile.

  • Adaptable to meet your needs

    Top-up option to accommodate your ever-changing financial needs.1

  • No need for Credit life insurance

    Take out your loan without having to pay for extra insurance.

  • Quick decision

    Get an approval in principle on your loan in 10 minutes if you apply online.1

Are you eligible?

You can apply for a Rent Loan if you:

  • are a UAE national or resident
  • are between 21 and 65 years old
  • earn at least AED 7,500 a month2
  • have a current account with HSBC and credit your salary to that account

Things you should know

Representative example

The table shows a typical example of monthly instalments for an HSBC Personal Loan.

Total loan amount Repayment time Monthly instalment3
AED 100,000 48 months AED 2,488

The table shows a typical example of monthly instalments for an HSBC Personal Loan.

Total loan amount AED 100,000
Repayment time 48 months
Monthly instalment3 AED 2,488

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

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Notes

1Annual Percentage Rate (APR) quoted above is fixed through out the loan tenor, and is inclusive of 1% processing fee assuming a maximum loan tenor of 48 months.

2Final approval is subject to satisfactory documentation, salary transfer, internal policies and credit bureau checks.

3This example is calculated on the basis of an Advance customer applying for a personal loan of AED 100,000 for 48 months at an interest rate of 8.99%. This customer is also working for a company listed with HSBC as an Approved Employer.

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