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HSBC personal loan reviews

HSBC
HSBC's overall rating for personal loans

(as rated by the Mozo community)

6.6 / 10

based on 20 reviews

Price

Features

Customer service

Convenience

Trust

Featured personal loan from HSBC

Recent HSBC personal loan reviews

HSBC

HSBC Unsecured Personal Loan (Fixed) Unsecured Personal Loan review

Overall rating   10 / 10

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...

Full review

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.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Josephine, South Australia, reviewed 26 days ago

HSBC

HSBC Personal Loan review

Overall rating   4 / 10

They are only interested in a bit more money

If I pay off the loan early I pay a fee. As I am paid fortnightly, I am paying half of my monthly repayment each fortnight but the are two months in the year when there are three fortnightly pays. I must be going to pay my loan early and so the...

Full review

If I pay off the loan early I pay a fee. As I am paid fortnightly, I am paying half of my monthly repayment each fortnight but the are two months in the year when there are three fortnightly pays. I must be going to pay my loan early and so the bank when make the early payment fee.

    Price   6 / 10

    Features   3 / 10

    Customer service   5 / 10

    Convenience   5 / 10

    Trust   4 / 10

Less

Malcolm, New South Wales, reviewed over 4 years ago

HSBC

HSBC Personal Loan review

Overall rating   8 / 10

Battler of earth

I am a single father with 2 boys trying to make ends meet in this chaotic world I deserve a chance for me my boys

Full review

I am a single father with 2 boys trying to make ends meet in this chaotic world I deserve a chance for me my boys

    Price   9 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Cameron , , reviewed almost 5 years ago

HSBC

HSBC Personal Loan review

Overall rating   7 / 10

Very satisfactory

The Bank is trustworthy and operates very professionally and has access world wide. A good bank to deal with.

Full review

The Bank is trustworthy and operates very professionally and has access world wide. A good bank to deal with.

    Price   5 / 10

    Features   5 / 10

    Customer service   7 / 10

    Convenience   5 / 10

    Trust   7 / 10

Less

Barry, Western Australia, reviewed over 5 years ago

HSBC

HSBC Personal Loan review

Overall rating   9 / 10

Service

Hsb only one to give me a loan

Full review

Hsb only one to give me a loan

    Price   7 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Flo, Queensland, reviewed over 5 years ago

HSBC

HSBC Personal Loan review

Overall rating   7 / 10

Local knowledge, global reach

Little waiting time in branches, customer service in store is precise and value added. Competitive sales and products and knowledge of personal/business banking solutions for Australia and world is outstanding.

Full review

Little waiting time in branches, customer service in store is precise and value added. Competitive sales and products and knowledge of personal/business banking solutions for Australia and world is outstanding.

    Price   6 / 10

    Features   8 / 10

    Customer service   7 / 10

    Convenience   3 / 10

    Trust   7 / 10

Less

Name not supplied, Victoria, reviewed over 6 years ago

HSBC

HSBC Personal Loan review

Overall rating   9 / 10

Interest free

Very good product from HSBC with interest free personal loan.

Full review

Very good product from HSBC with interest free personal loan.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Bob, Queensland, reviewed over 6 years ago

HSBC

HSBC Personal Loan review

Overall rating   7 / 10

All laid out in clear English

Convenient to use their cards at most stores/retailers.

Full review

Convenient to use their cards at most stores/retailers.

    Price   4 / 10

    Features   2 / 10

    Customer service   4 / 10

    Convenience   4 / 10

    Trust   9 / 10

Less

Grant, Victoria, reviewed almost 7 years ago

HSBC

HSBC Personal Loan review

Overall rating   0 / 10

Grrr

Most difficult and misleading bank I have ever dealt with.

Full review

Most difficult and misleading bank I have ever dealt with.

    Price   0 / 10

    Features   0 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

Less

Paul, Victoria, reviewed almost 7 years ago

HSBC

HSBC Personal Loan review

Overall rating   10 / 10

Simplified Process

Full review

Simplified Process

    Price   10 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Karthikeyan, New South Wales, reviewed almost 8 years ago

HSBC

HSBC Personal Loan review

Overall rating   8 / 10

They have been wonderful from the very first day. Application was easy and they never hassle you by constant call that other banks do.

Full review

They have been wonderful from the very first day. Application was easy and they never hassle you by constant call that other banks do.

    Price   3 / 10

    Features   6 / 10

    Customer service   10 / 10

    Convenience   2 / 10

    Trust   8 / 10

Less

Tamara, Victoria, reviewed over 8 years ago

HSBC

HSBC Personal Loan review

Overall rating   10 / 10

It was so good to have your bank grant you a personal loan within a couple of weeks of arriving as an immigrant all very new to the situation. Great stuff.

Full review

It was so good to have your bank grant you a personal loan within a couple of weeks of arriving as an immigrant all very new to the situation. Great stuff.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

John, Queensland, reviewed over 8 years ago

HSBC

HSBC Personal Loan review

Overall rating   5 / 10

This was a great bank product. Happy with the service.

Full review

This was a great bank product. Happy with the service.

    Price   4 / 10

    Features   5 / 10

    Customer service   7 / 10

    Convenience   4 / 10

Less

Justin, Victoria, reviewed over 9 years ago

HSBC

HSBC Personal Loan review

Overall rating   5 / 10

The debt monthly calculation (of fixed interest rate loan) is not clear. I am not sure how they calculate it each month as it is always different. It needs to be clear so customers feel secure with them. I feel that I pay more than what the...

Full review

The debt monthly calculation (of fixed interest rate loan) is not clear. I am not sure how they calculate it each month as it is always different. It needs to be clear so customers feel secure with them. I feel that I pay more than what the interest rate was supposed to be.

    Price   3 / 10

    Features   2 / 10

    Customer service   6 / 10

    Convenience   8 / 10

    Trust   5 / 10

Less

Rima, Australian Capital Territory, reviewed over 9 years ago

HSBC

HSBC Personal Loan review

Overall rating   9 / 10

Very easy to apply on-line to get a personal loan from HSBC. Very straight forward. Customer service was immediate and it was easy to deal with staff.

Full review

Very easy to apply on-line to get a personal loan from HSBC. Very straight forward. Customer service was immediate and it was easy to deal with staff.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Susan, Queensland, reviewed about 10 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Personal loan comparisons on Mozo - rates updated daily

  • Symple Loans Personal Loan (Variable, Unsecured)

    Symple Loans Personal Loan (Variable, Unsecured)

    interest rate

    5.75% p.a.to 19.99% p.a.

    comparison rate*

    6.89% p.a.to 23.07% p.a.based on $30,000
    over 5 years

    fees

    $300.00upfront
    and
    $10.00/month

    Go to site

    More info

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.75% would cost $35,490.18 including fees.

    • Interest rate: 5.75% p.a.to 19.99% p.a.
    • Comparison rate*: 6.89% p.a.to 23.07% p.a.based on $30,000
      over 5 years
    • Upfront fee: $300
    • Monthly fee: $10.00
    • Exit fee: $0.00
    • Late payment fee: $35.00
    • Repayment options: Monthly
    • Early repayment penalty: $0.00
    • Minimum loan amount: $5,000.00
    • Maximum loan amount: $50,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    • Security required: Unsecured
    • Other benefits:
    Need more information?
    Go to site

    More info

  • Harmoney Unsecured Personal Loan (Fixed)

    Harmoney Unsecured Personal Loan (Fixed)

    • Up to $70,000, unsecured. Fast, easy & 100% online
    • No hidden fees or early repayment penalties with Australasia's leading marketplace lending website
    • You're unique, so is your interest rate

    interest rate

    6.99% p.a.to 28.69% p.a.

    comparison rate*

    7.69% p.a.to 29.55% p.a.based on $30,000
    over 5 years

    fees

    $500.00upfront
    and
    $0.00/month

    Go to site

    More info

    Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 6.99% would cost $36,133.67 including fees.

    • Up to $70,000, unsecured. Fast, easy & 100% online
    • No hidden fees or early repayment penalties with Australasia's leading marketplace lending website
    • You're unique, so is your interest rate
    • Interest rate: 6.99% p.a.to 28.69% p.a.
    • Comparison rate*: 7.69% p.a.to 29.55% p.a.based on $30,000
      over 5 years
    • Upfront fee: $500
    • Monthly fee: $0.00
    • Exit fee: $0.00
    • Late payment fee: $15.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Early repayment penalty: $0.00
    • Minimum loan amount: $2,000.00
    • Maximum loan amount: $70,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 5 Years
    • Security required: Unsecured
    • Other benefits: Application fee is $200 for loans under $5,000.
    Overall rating

    8.3

    Based on 4 Harmoney personal loan reviews

    Need more information?
    Go to site

    More info

  • Featured product

     

    Latitude Low Rate Personal Loan (Fixed, Secured)

    Latitude Low Rate Personal Loan (Fixed, Secured)

    • Available to new Latitude personal loan customers only
    • Applicants must be mortgage holders or homeowners
    • Applicants need an excellent credit score to apply

    interest rate

    9.99% p.a.

    comparison rate*

    11.22% p.a.based on $30,000
    over 5 years

    fees

    $250.00upfront
    and
    $13.00/month

    Go to site

    More info

    Terms from 2 to 7 years. Representative example: a 5 year $30,000 loan at 9.99% would cost $39,265.82 including fees.

    • Available to new Latitude personal loan customers only
    • Applicants must be mortgage holders or homeowners
    • Applicants need an excellent credit score to apply
    • Interest rate: 9.99% p.a.
    • Comparison rate*: 11.22% p.a.based on $30,000
      over 5 years
    • Upfront fee: $250
    • Monthly fee: $13.00
    • Exit fee: $0.00
    • Late payment fee: $35.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Early repayment penalty: $300 in first half of loan, $0 in second half.
    • Minimum loan amount: $20,000.00
    • Maximum loan amount:
    • Minimum loan term: 2 Years
    • Maximum loan term: 7 Years
    • Security required: Residential Property, Various, Vehicle
    • Other benefits:
    Overall rating

    4.7

    Based on 191 Latitude personal loan reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2019

    RateSetter Unsecured Personal Loan (Variable)

    RateSetter Unsecured Personal Loan (Variable)

    • Low rates for borrowers with good credit
    • 1 min rate estimate, simple online application
    • No exit fees, no early repayment fees

    interest rate

    6.89% p.a.

    comparison rate*

    8.89% p.a.based on $10,000
    over 3 years

    fees

    $299.00upfront
    and
    $0.00/month

    Go to site

    More info

    Terms from 1 to 5 years. Representative example: a 3 year $10,000 loan at 6.89% would cost $11,396.66 including fees.

    • Low rates for borrowers with good credit
    • 1 min rate estimate, simple online application
    • No exit fees, no early repayment fees
    • Interest rate: 6.89% p.a.
    • Comparison rate*: 8.89% p.a.based on $10,000
      over 3 years
    • Upfront fee: $299
    • Monthly fee: $0.00
    • Exit fee: $0.00
    • Late payment fee: $30.00
    • Repayment options: Monthly
    • Early repayment penalty: $0.00
    • Minimum loan amount: $2,001.00
    • Maximum loan amount: $45,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 5 Years
    • Security required: Unsecured
    • Other benefits:
    Overall rating

    5.0

    Based on 1 RateSetter personal loan reviews

    Need more information?
    Go to site

    More info

  • OurMoneyMarket Low Rate Personal Loan (Excellent Credit) (Fixed, Unsecured)

    OurMoneyMarket Low Rate Personal Loan (Excellent Credit) (Fixed, Unsecured)

    interest rate

    8.00% p.a.

    comparison rate*

    8.21% p.a.based on $30,000
    over 5 years

    fees

    $150.00upfront
    and
    $0.00/month

    Go to site

    More info

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 8.00% would cost $36,647.51 including fees.

    • Interest rate: 8.00% p.a.
    • Comparison rate*: 8.21% p.a.based on $30,000
      over 5 years
    • Upfront fee: $150
    • Monthly fee: $0.00
    • Exit fee: $0.00
    • Late payment fee: $35.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Early repayment penalty: $0.00
    • Minimum loan amount: $2,001.00
    • Maximum loan amount: $50,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    • Security required: Unsecured
    • Other benefits:
    Need more information?
    Go to site

    More info

*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.

Want more? Compare all 220 personal loans in the Mozo comparison engine.

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*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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