HSBC Unsecured Personal Loan
HSBC Unsecured Personal Loan
Mozo Review HSBC Unsecured Personal Loan Review
Last updated: 20 November 2019.
What's hot:
Interest rates from 8.50% (9.06% comparison rate*)
Free extra repayments
Loan options from 1 to 5 years
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 8.50% (9.06 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 starting from 8.50% (9.06% 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 could be 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.
Details
Rates and fees information correct as at 20 January 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
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Fixed
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8.50% p.a.to 16.99% p.a. fixed
-
9.06% p.a.to 17.53% p.a.based on $30,000
over 5 years
Fees
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$150.00
-
$5.00
-
$30.00
-
$0.00
-
$199 ($0 in the last 6 months of loan term)
Other financial bits
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$5,000.00
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$50,000.00
-
1 Year
-
5 Years
-
Unsecured
Features
-
Monthly
-
yes
-
no
-
none
-
none
Customer Reviews
How are HSBC personal loans rated by the Mozo community?
Latest review of HSBC Unsecured Personal Loan
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Great service and rate.
I researched to find the best rate with a bank that I felt I could trust. HSBC were the best option for me. They provide me with updates, statements and reminders via email and text message. I have the flexibility to pay off additional amounts and reduce the term of the loan.
Read full reviewI researched to find the best rate with a bank that I felt I could trust. HSBC were the best option for me. They provide me with updates, statements and reminders via email and text message. I have the flexibility to pay off additional amounts and reduce the term of the loan.
Price10/10Features10/10Customer service10/10Convenience10/10LessTrust10/10
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!
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8.00% p.a.
8.21% p.a.based on $30,000
over 5 years
$150.00upfront and $0.00/month
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5.75% p.a.to 19.99% p.a.
6.89% p.a.to 23.07% p.a.based on $30,000
over 5 years
$300.00upfront and $10.00/month
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Harmoney
Unsecured Personal Loan
6.99% p.a.to 28.69% p.a.
7.69% p.a.to 29.55% p.a.based on $30,000
over 5 years
$500.00upfront and $0.00/month
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Discounted Personal Loan
7.99% p.a.
8.35% p.a.based on $30,000
over 5 years
$250.00upfront and $0.00/month
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Unsecured Personal Loan
6.79% p.a.
8.83% p.a.based on $10,000
over 3 years
$299.00upfront and $0.00/month
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Unsecured Personal Loan (Fixed)
7.65% p.a.to 26.99% p.a.
7.65% p.a.to 23.5% p.a.based on $30,000
over 5 years
$0.00upfront and $0.00/month
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Low Rate Secured Personal Loan
4.69% p.a.
7.16% p.a.based on $10,000
over 3 years
$200.00upfront and $5.00/month
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Personal Loan (Variable, Unsecured)
12.69% p.a.to 18.69% p.a.
13.56% p.a.to 19.53% p.a.based on $30,000
over 5 years
$150.00upfront and $10.00/month
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4.69% p.a.
7.16% p.a.based on $10,000
over 3 years
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5.50% p.a.
5.85% p.a.based on $30,000
over 5 years
$250.00upfront and $0.00/month
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7.99% p.a.
8.35% p.a.based on $30,000
over 5 years
$250.00upfront and $0.00/month
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4.19% p.a.
4.73% p.a.based on $30,000
over 5 years
$400.00upfront and $0.00/month
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Discounted Personal Car Loan
5.64% p.a.
5.99% p.a.based on $30,000
over 5 years
$250.00upfront and $0.00/month
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5.75% p.a.to 19.99% p.a.
6.89% p.a.to 23.07% p.a.based on $30,000
over 5 years
$300.00upfront and $10.00/month
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OurMoneyMarket
Low Rate Personal Loan
8.00% p.a.
8.21% p.a.based on $30,000
over 5 years
$150.00upfront and $0.00/month
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Harmoney
Unsecured Personal Loan
6.99% p.a.to 28.69% p.a.
7.69% p.a.to 29.55% p.a.based on $30,000
over 5 years
$500.00upfront and $0.00/month
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Unsecured Personal Loan
8.50% p.a.to 16.99% p.a.
9.06% p.a.to 17.53% p.a.based on $30,000
over 5 years
$150.00upfront and $5.00/month
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Low Rate Unsecured Personal Loan
9.99% p.a.
11.74% p.a.based on $10,000
over 3 years
$250.00upfront and $0.00/month
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Unsecured Personal Loan (Fixed)
7.65% p.a.to 26.99% p.a.
7.65% p.a.to 23.5% p.a.based on $30,000
over 5 years
$0.00upfront and $0.00/month
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Unsecured Personal Loan
6.79% p.a.
8.83% p.a.based on $10,000
over 3 years
$299.00upfront and $0.00/month
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Unsecured Personal Loan
7.95% p.a.to 16.95% p.a.
9.56% p.a.to 18.53% p.a.based on $30,000
over 5 years
$495.00upfront and $13.00/month
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Low Rate Personal Loan
8.00% p.a.
8.21% p.a.
$0.00
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Personal Loan
5.75% p.a.to 19.99% p.a.
6.89% p.a.
$10.00
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Harmoney
Unsecured Personal Loan
6.99% p.a.to 28.69% p.a.
7.69% p.a.
$0.00
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Discounted Personal Loan
7.99% p.a.
8.35% p.a.
$0.00
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Unsecured Personal Loan (Fixed)
7.65% p.a.to 26.99% p.a.
7.65% p.a.
$0.00
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Low Rate Secured Personal Loan
4.69% p.a.
5.33% p.a.
$5.00
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Unsecured Personal Loan
7.95% p.a.to 16.95% p.a.
9.56% p.a.
$13.00
