HSBC Personal Instalment Loan

Updated March 2019
2.20%APR*
$50,600Total Amount Payable
$600Total Interest Payable
Monthly
Payment

HK$4,217
Key features
Key Features
  • Preferential monthly flat rate as low as 0.12% (APR as low as 2.70%*)
  • Apply online to enjoy HK$100 cash rebate
  • Submit supporting document(s) required by the Bank for the loan application to enjoy HK$100 cash rebate
  • HK$0 handling fee
  • Loan amount of up to HK$3,000,000 or 12 times of the monthly salary
  • Choice of repayment period from 6 months to 60 months
  • 1-minute approval and no income proof is required if you have maintained an auto payroll account with HSBC for one month or above
  • 30-day service pledge – early redemption fees waiver
  • Cash withdrawal from over 1,000 HSBC's ATMs and branches
  • *This APR includes cash rebate
Covered
Repayment Summary

Principal Loan Amount

HK$50,000

Total Interest Payable

HK$600

Total Amount Payable

HK$50,600

Annual Percentage Rate

2.20%

Monthly Payment

HK$4,217

Repayment Period

12 months

Others
Terms and Conditions
Fee & Charges

Late Payment Fee

HK$400 on each occasion if bank do not receive monthly repayment in full on its due date

Early Settlement Fee

2% of outstanding principal amount plus repayment of any applicable promotion offers
Eligibility

Age Requirement

18 years old or above

Residency Status

Hong Kong resident

Employment Status

You must have a monthly income of at least HK$5,000

The APR includes the basic interest rate, as well as any other fees and charges (i.e.: Handling Fee) so that it reflects the actual total cost of borrowing. The actual APR applicable may differ, please check with the provider to confirm your final APR based on your loan.

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HK$4,217
Monthly Payment