Created especially for Premier customers, our personal loans can be used for multiple purposes, including big purchases, energy efficiency products or debt consolidation. Get an instant credit decision, quick access to funds and no arrangement fee.
APR (annual percentage rate) varies according to the size of the loan. The amount you want to borrow might be close to one of the points where the APR changes.
Features and benefits
£50 cashback on Energy Efficiency loansFor every approved energy efficiency purchase such as solar panels or double glazing.
Borrow from £1,000 to £50,000Spread your repayments over 1 to 5 years for loans of £15,000 or less, or over 1 to 8 years for loans over £15,000.
Quick decisionWhether you're applying in a branch or by phone, you should get an instant credit decision.
Fixed repayment termsYou always know how much you need to repay each month.
Repayment holidaysYou could have the option of a repayment holiday for the first 3 months or every January for the life of your loan. More interest will be payable overall.
Early repaymentsYou can repay your loan in full at any time. Once you've given us notice, we'll give you a settlement figure. It's necessary to pay all the amounts owed if you wish to close the loan. Where you make an early repayment, there may be a reduction in the amount of interest you'll have to pay and this will be reflected in the settlement figure. Please note, there is a penalty of one month's interest for repaying your loan early.
Funds transferred same dayIf approved in a branch, you'll receive the money in your account the same day1.
Apply for additional borrowingYou can apply to borrow more money either in a branch or over the phone. If you've made fewer than 6 repayments on your existing Premier Personal Loan, you won't be eligible for the January holiday or 3-month deferred start option on your new loan.
Make overpaymentsYou can make overpayments without charge, which may reduce the amount of interest you pay.
Responsible lendingWe work with you to try to make sure you don't borrow more than you can afford to repay. Personal loans are available from £1,000 to £50,000 in £10 increments.
OverpaymentsIf you take out a loan, you'll be able to make overpayments or lump sum repayments to your loan. These payments may reduce the amount of interest you pay over the term of the loan.
6.4% APR representative
For loans between £7,000 and £30,000.
Our HSBC Premier Personal loans are available exclusively to HSBC Premier current account customers.
The rate is subject to change and the representative APR may not be the rate you'll receive. We'll offer you a rate based on our assessment of your personal financial circumstances. The maximum APR you could be offered is 24.9%.
Using your loan for debt consolidation
£50 cashback on Energy Efficiency loans
For every approved loan for an energy efficiency purchase such as solar panels or double glazing, we'll support the planting of 10 metres of hedgerow or 5 trees. As an extra thank you, you'll get £50 cashback too.
1In some cases, we may need more information to approve your loan. You might need to complete the paperwork in a branch or by post.
Apply for a Premier Personal Loan
Please note: Premier Personal Loans are only available to HSBC Premier customers.
Before you apply, take a look below to see if you're eligible. Here's what you'll need:
- details of your annual income
- full details of your monthly outgoings, including your household bills and any amounts for mortgage or rent
- full details of any existing lending that you hold outside HSBC, including all loans, hire purchase agreements and credit cards with other providers
Already an HSBC customer?
If you're registered for online banking you can apply online.
Simply log on, go to 'Our products', select 'Borrowing', then 'Apply for a Loan'.
This only applies to sole accounts and loans up to £25,000.
New to HSBC?
Before you can apply for this loan, you'll need to have a Premier Bank Account with us.
Other ways to apply
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Borrow from £1,000 to £25,000 and make your plans a reality with a personal loan from HSBC.