To be eligible for an HSBC Personal Loan you need to:
- have a bank or building society account with a Direct Debit facility (Channel Island and Isle of Man customers must 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
When applying for a Energy Efficiency Loan, an approved energy efficiency purpose includes:
- double glazing installation on a residential property
- thermal insulation installation in a residential property
- purchase of electric or hybrid cars
- 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
Not available for customers with a Basic Bank account. We do not offer Personal loans for a number of purposes including:
- the purchase of property or land (both UK & Overseas) including holiday homes and apartments
- purchasing a joint stake in a property or buying out as 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
In addition, a Personal Loan should not be provided for:
- gambling
- business purposes
- share dealing
Please note that this list is not exhaustive. Our Personal Loans are subject to status.