Personal loan · HSBC
HSBC Personal Loan
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HSBC Personal Loan provides a multi-purpose loan to help every individual to turn their dreams into reality. Borrow money starting from PHP30,000.00 to PHP500,000.00 for any of your immediate financial needs. You have the option to choose from the payment terms of 6, 12, 18, 24, or 36 months through HSBC’s convenient payment centers nationwide at a very competitive interest rates.
eCompareMo lets you compare all the personal loan rates available on the market to help you find the best one for your needs.
You can also check out other HSBC Loan products here.
Highlights
- If you want nothing but friendly loan terms of up to 36 months, HSBC Advance Personal Loan can help you get fast and secure loan for all your needs. With HSBC Advance Personal Loan, you can get a loan from PHP30,000.00 to PHP500,000.00. The minimum annual salary required is only PHP168,000.00.
Overview
| Loan amount | ₱30,000 to ₱500,000 |
|---|---|
| Loan term | 6 to 36 months |
| Interest | 1.21% to 1.29% a month |
| Minimum annual income | ₱168,000 |
| Age | 21 to 60 years old |
| Work | Employed, Self-employed, Professional |
| Processing time | 5 business days |
| Early repayment | Special conditions |
| Admin fee | PHP1,500.00 processing fee to be deducted from loan proceeds and PHP750.00 for 24 and 36 month tenor |
| Late payment | 36% per annum on overdue payment |
| Collateral | No |
| Requirements | Should have any 2 of the following : Residence landline, office landline or mobile phone number |
Looking for more offers? Check out other personal loan providers in the Philippines below:
Sterling Bank Personal Loan
Whenever you need immediate cash, Sterling Bank Personal Loan can provide it for you at a very competitive rates and flexible payment terms. Borrow money ranging from PHP50,000.00 minimum loan amount up to a maximum amount of PHP1,000,000.00 at 1.40% interest rate per month. To be qualified, you must be earning a minimum gross monthly income of just PHP30,000.00.
City Savings DepEd Salary Loan
Get loan approval for as fast as 1 day with Standard City Savings DepEd Salary Loan. You can loan up to PHP1,000,000.00 at 7.50% interest rate per annum. The maximum loan tenure would be up to 3 years, and the minimum monthly income requirement is PHP15,000.00 to apply.
BDO Asenso Kabayan Personal Loan Unsecured
With you BDO Asenso Kabayan Personal Loan Unsecured, can quickly solve your urgent cash needs for any purpose. Get to choose flexible payment terms from 6 to 36 months and borrow from PHP10,000.00 up to PHP500,000.00 with minimum interest rate of 2% per month. Apply easily with a low minimum income requirement of just PHP20,000.00 per month.
Frequently asked questions
What are the required documents to apply for an HSBC personal loan?
Employed:
- Latest Income Tax Return (ITR) or BIR Form and original pay slip (one whole month)
- Photocopy of valid government issued ID with photo
- Copy of latest billing statement to residential address
- If foreign national, a copy of valid resident visa or copy of valid non-resident visa considered by BSP as eligible for peso loans
Self-Employed:
- ITR and audited Financial Statement for the last 3 years
- SEC/DTI Certificate of Registration
- Business or Mayor’s Permit
- Photocopy of Valid ID (same as Employed)
- Bank statement for the past three months (at least one year active)
- Proof of residential address
- If foreign national, a copy of valid resident visa or copy of valid non-resident visa considered by BSP as eligible for peso loans
What are the modes of payment?
- You may pay either through Post-dated check, Auto-debit facility (ADA) for customers with HSBC existing HSBC deposit account, or through Payment Centers.
What are the eligibility requirements for HSBC personal loan application?
- Applicant must be at least 21 years old and not older than 60 years old upon loan maturity, must be a permanent resident in any of the HSBC pre-determined areas for at least 3 years.
- Must have a gross monthly income of PHP14,000.00 for all salaried/employed individuals and PHP50,000.00 for self-employed individuals
- Employed applicants must have 2 years combined employment with present or previous employer, and self-employed applicants must have a minimum of 3 years business existence.
- Residential landline or office landline, and mobile number are required.
How do I claim my HSBC personal loan proceeds?
- Claim your loan by personally going to the HSBC branch you indicated on your application form.