HSBC Unsecured Personal Loan

9.50% 15.99% p.a.

10.06% 16.53% p.a.based on $30,000
over 5 years


HSBC Unsecured Personal Loan Review

Review published: 20 February 2018

What's hot:

  • Interest rates from 9.50% (10.06% comparison rate)

  • Free extra repayments

What's not:

  • $150 application fee

Mozo snapshot:

So you’re looking for a loan, but don’t have any assets you can use as collateral? Well that’s no problem at all! HSBC Unsecured Personal Loan allows for you to borrow $5,000 - $50,000 on a fixed interest rate as low as 9.50% (10.06 comparison rate), without any security needed. They also allow you to choose your loan term between 1 and 5 years.

Key features:

HSBC Unsecured Personal Loan comes with a fixed interest rate that can be as low as 9.50% (10.06% comparison rate). The interest rate available to you is dependent on your credit score and the specifics of your loan.

Loan terms range from 1 to 5 years, and you’ll make repayments on a monthly basis.

While the loan comes with ability for extra repayments, keep in mind that there’s no extra cost to pay it off completely in the last 6 months, but anytime before then will come with $199 early repayment penalty.

And on the subject of fees, when you apply for the loan remember to budget for the $150 for the application fee and $5 monthly service fee.

Who it's good for:

This loan is suited to those without assets like a house or car to put up as security and borrowers with excellent credit will be able to score this loan with a competitive rate.

Any catches?

While the loan is competitive across the board, watch out for the $150 application fee and $5 monthly service fee.

The Mozo community has not yet rated HSBC for this personal loan.


  • Fixed

  • 9.50% 15.99% p.a. fixed

  • 10.06% 16.53% p.a.based on $30,000
    over 5 years


  • $150.00

  • $5.00

  • $30.00

  • $0.00

  • $199 ($0 in the last 6 months of loan term)

Other financial bits

  • $5,000.00

  • $50,000.00

  • 1 Year

  • 5 Years

  • Unsecured


  • Monthly

  • yes

  • no

  • none

  • none

About HSBC

HSBC in Australia is part of the HSBC Group, one of the world's largest banking and financial services organisations. HSBC has products for every money need you can think of, including savings accounts and term deposits for your day-to-day money management, a suite of home loans to finance your dream home, plus credit card and personal loan options. With branches all over the world, HSBC is the world's local bank!

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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