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Top-Up Loan

Option to borrow more available

Adapt your loan to meet your needs

Do you need some extra financial support and already hold a loan with us? You could apply to top up your existing loan with annual Percentage Rate (APR) starts from 7.24%. This rate is available to Premier customers working for a HSBC listed company and who transfer their salaries to HSBC.1

Already an HSBC customer?

You can apply for a Top-Up Loan by completing our callback form to speak to a member of our team.

Why you'll want an HSBC Top-Up Loan

  • Flexible terms
    Pay your loan back over 6 to 48 months.
  • Individualized interest rate
    Get an interest rate based on your profile.
  • No need for Credit life insurance
    Take out your loan without having to pay for extra insurance.

Are you eligible?

You can apply for a Top-Up Loan if you:

  • are a UAE national or resident
  • are between 21 and 65 years old
  • earn at least AED 7,500 a month1
  • have a current account with HSBC and credit your salary to that account

Things you should know

Representative example

An illustrative example of monthly instalment, total interest and total processing fee for an HSBC Personal Loan for Premier customer is given below:
Total loan amount Repayment time Monthly instalment

APR

(Annual Percentage Rate)2

Total interest (for the loan tenor) Total Processing Fees (including VAT)
AED 150,000.00 48 months AED 3,591 7.24% AED 22,380 AED             1,575.00
An illustrative example of monthly instalment, total interest and total processing fee for an HSBC Personal Loan for Premier customer is given below:
Total loan amount AED 150,000.00
Repayment time 48 months
Monthly instalment AED 3,591

APR

(Annual Percentage Rate)2

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 an Top-Up Loan by completing our callback form to speak to a member of our team.3

New to HSBC?

Apply for an HSBC account to take advantage of our Personal Loans.

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Notes

1Annual 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).

2The 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.

3We'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.

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