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HSBC Unsecured Personal Loan

Advertiser disclosure
Interest rate from
8.50% 16.99% p.a.
Comparison rate from
9.06% 17.53% p.a.based on $30,000
over 5 years
Upfront fee

Mozo editorial review HSBC Unsecured Personal Loan - last updated: 9 July 2020

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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.

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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. Bear in mind, if you fall on the lower end of the scale with your credit history, fixed rates go up to 16.99% (17.53% comparison rate*). 

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 is it 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.

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Any catches

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


Rates and fees information correct as at 18 May 2022. 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.


8.50% 16.99% p.a. fixed

9.06% 17.53% p.a.based on $30,000
over 5 years






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

Other financial bits



1 Year

5 Years








WARNING: 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. 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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