An approved green purpose includes:
- double glazing installation on a residential property
- thermal insulation installation in a residential property
- purchase of electric or hybrid cars
- purchase of a bike or e-bike
- solar panels installation on a residential home
- purchase of a new boiler for a residential home with an efficiency rating of A
- any other purpose for which we have agreed in advance in writing
To be eligible for an HSBC Premier Personal Loan you need to be over 18 and an HSBC Premier customer. This is also subject to meeting HSBC's Channel Islands and Isle of Man proof of address requirements. HSBC Premier is available to you, as long as you pay your annual income into your HSBC Premier Bank Account and meet one of these requirements:
- have savings or investments of at least £50,000 with HSBC in the Channel Islands or Isle of Man
- have an individual annual income of at least £75,000 and one of the following products with HSBC in the Channel Islands or Isle of Man
- a mortgage
- an investment, life insurance or protection product
- qualify for HSBC Premier in another country
Please note: This excludes HSBC UK, M&S Bank, First Direct and HSBC Expat. For the second criteria, in the case of a joint account, at least one of the parties must have an individual annual income of at least £75,000. The investment, life insurance or protection products also includes those purchased through one of HSBC's advisers.
To be eligible for an HSBC Personal Loan, you need to:
- have an HSBC current account
- have an annual income/pension before tax of £10,000 or more
- be over 18 and a resident of the Channel Islands or Isle of Man
Not available for customers with a Basic Bank Account.
We do not offer Personal Loans for a number of purposes including:
- buying property or land, including holiday homes and apartments
- buying a joint stake in a property or buying out a joint owner
- mortgage deposit (regardless of lender or country)
- gifting funds to third parties to support the purchase of a property, including mortgage deposit, stamp duty and solicitors' fees
- gambling
- business purposes
- share dealing or investments
Please note: this list is not exhaustive.
Our Personal Loans are subject to status.