HSBC logo

HSBC Unsecured Personal Loan

Advertiser disclosure
Interest rate from
12.99% p.a.
Comparison rate from
13.54% p.a.based on $30,000
over 5 years
Upfront fee
$150.00

Mozo editorial review HSBC Unsecured Personal Loan - last updated: 26 September 2022

binocular icon
What's hot
  • Flat 12.99% p.a. fixed rate (13.54% p.a. 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 12.99% p.a. (13.54% p.a. 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 flat fixed interest rate of 12.99% p.a. (13.54% p.a. 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.

snapshot
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.

Details

Rates and fees information correct as at 19 March 2024. 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

Fixed

12.99% p.a. fixed

13.54% p.a.based on $30,000
over 5 years

Fees

$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

Features

-

Monthly

yes

no

none

A 12.99% (13.54%) flat rate applies for a limited time.

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.

Customer Reviews

How are HSBC personal loans rated by the Mozo community?

Overall
Price
Features
Customer service
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Latest review of HSBC Unsecured Personal Loan

About HSBC

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Unsecured Personal Loan

5.76% p.a.to 24.03% p.a.

6.55% p.a.to 24.98% p.a.based on $30,000
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Debt Consolidation

5.76% p.a.to 24.03% p.a.

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6.57% p.a.to 8.48% p.a.

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6.75% p.a.to 26.95% p.a.based on $30,000
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5.76% p.a.to 24.03% p.a.

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6.75% p.a.to 26.95% p.a.

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5.76% p.a.to 24.03% p.a.

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6.75% p.a.

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