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HSBC loans

Thinking of taking out an HSBC loan? Read our guide to find out what loans could be available and how much you could potentially borrow.

Thinking of taking out an HSBC loan? Read our guide to find out what loans could be available and how much you could potentially borrow.

Who is HSBC?

HSBC is one of the world’s largest banks and financial services organisations. In the UK, it offers a full range of banking services, including current accounts, savings accounts, loans, mortgages and credit cards, as well as investment products.

Which is the best HSBC loan for me?

Whether an HSBC loan is best for you will depend on your personal circumstances. 

The bank offers unsecured personal loans from £1,000 to £25,000, which you could use for home improvements, buying a car, a wedding, consolidating debts and more. The representative APR for loans between £7,000 and £15,000 was 6.9%, in January 2024.

If you’re an HSBC Premier customer, you may be eligible for a personal loan of up to £50,000. Premier Personal Loans between £10,000 and £30,000 had a 6.4% representative APR, in January 2024.

The interest rate you’re offered will depend on your personal circumstances, how much you borrow and how long you borrow for.

Why choose HSBC?

  • You can borrow up to £15,000 and repay it in fixed instalments spread over one to five years. If you borrow over £15,000 you can have up to eight years to repay it.
  • HSBC current account customers will get a quick decision and instant access to funds, once HSBC receives the signed loan agreement. If you don’t have an HSBC current account, you should get a decision in two to five working days.
  • If you already have an HSBC loan, you can apply to top it up. Provided you’re approved, the new loan will automatically be consolidated with your existing one so you’ll only have to make one monthly payment. Be aware, though, that topping up your loan might increase the amount you repay overall.


To be eligible for an HSBC personal loan you’ll need to:

  • Be aged over 18
  • Be a UK resident
  • Have a minimum UK taxable income or pension of £10,000 before tax
  • Have a bank or building society account with a direct debit facility.

To be eligible for a Premier personal loan you’ll need to:

  • Have an HSBC Premier account
  • Be aged over 18
  • Be a UK resident.

Are there any charges?

You’ll be charged interest on your loan. There are no charges for making overpayments and no arrangement fee.

Why compare loans with Compare the Market?

Find out what loans you could be eligible for

Without impacting your credit score

Compare loans quickly

See quotes you could be eligible for in 4 minutes[1]

See loans from a range of providers

We compare loans from 33 lenders[1]

[1] Correct as of December 2023

Compare the Market Limited acts as a credit broker, not a lender. To apply you must be a UK resident and aged 18 or over. Credit is subject to status and eligibility.

How well is HSBC reviewed on Trustpilot?

HSBC was rated 1.4 on Trustpilot in January 2024.

See HSBC’s current Trustpilot rating

Frequently asked questions

How much can I borrow from HSBC?

Personal loans are available from £1,000 to £25,000. Premier Personal Loans – for HSBC Premier customers – are available from £1,000 to £50,000.

How much you’ll be able to borrow, and the APR you’re offered, will depend on several factors including your financial circumstances and your credit history.

To get an idea of how much a loan could cost, try our loan calculator.

Can I get an HSBC loan with bad credit?

HSBC doesn’t specifically offer bad credit loans and their loans aren’t available to people with a basic bank account.

To be eligible for an HSBC loan, you’ll need to have a taxable income or pension of £10,000 before tax.

How to contact HSBC

You can contact HSBC using the chat option on the website or via the mobile banking app. You can also call on 03457 404 404.

How do I apply for an HSBC loan?

You can get a personalised loan quote on the HSBC website, or if you’re a current account customer with the HSBC app you can apply through that.

But before you do, you might want to find out whether your application is likely to be successful. You can use our loan eligibility checker to see what loans you’re likely to be accepted for without impacting your credit score.

Can I pay off an HSBC loan early?

Yes, you can. To do so, you’ll need to give HSBC notice in writing or by telephone.  You’ll then be given a settlement figure, which will include interest up to the date that’s 28 days after you tell us you want to repay the loan, plus an additional month.

You can make free-of-charge overpayments, which could reduce the amount of interest you owe.