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Graduate Loan

Be ready for what comes next
Graduation

Key Benefits

HSBC current account holders can receive a representative* 3.3% APR for Graduate Loans between £5,000 and £25,000.

Our Graduate Loans are available exclusively to HSBC current account customers who are within five years of graduation.

 

 

Representative example, for illustrative purposes:

Amount borrowed £8,000

Borrowing period (months) 60

Monthly repayment £144.64

Total amount payable £8678.64

Representative 3.3% APR

Interest rate 3.3% p.a. (fixed)

*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.

 

  • Quick decision
    Whether you're applying in branch or by phone, you should get an instant credit decision
  • Make overpayments
    You can make overpayments without charge, which may reduce the amount of interest you pay
  • Funds transferred same day
    If approved, you'll receive the money in your account straight away
  • Fixed repayment terms
    You always know how much you need to repay each month
  • Repayment holidays
    You could have the option of a repayment holiday for the first three months or every January for the life of your loan. More interest will be payable overall
  • Apply for additional borrowing
    If you already have a Personal Loan with us, you can apply to borrow more  

 

Are you eligible?

Our Graduate Loans are offered exclusively to HSBC customers.

To apply for a Graduate Loan, you need to:

  • Have an HSBC current account 
  • Be 18 years or older and a resident of the UK, Channel Islands or Isle of Man 
  • You also need to be within 5 years of graduation. Please note, we may ask you to provide proof of your graduation when you apply.
  • Have an annual income/pension before tax of £10,000 or more

 

Available for five years after graduation to customers who are currently (or were previously) on our Graduate service.

 

 

Key product information

 

Graduate Loan

 

3.3% APR representative*

*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.

 

Quick decision

Whether you're applying in branch or by phone, you should get an instant credit decision.

 

Fixed repayment terms

Spread your repayments equally over one to five years for Graduate Loans of £15,000 and less, or over one to eight years for Graduate Loans of over £15,000.

The first repayment is due 30 days from drawdown.

If you are eligible and choose the deferred start option the first repayment is due 3 months from the date of drawdown. Repayments will be taken monthly from your HSBC current account. 

 

Responsible lending

As a responsible lender, we work with you to try to ensure that you do not borrow more than you can afford to repay.

Personal Loans are available from £1,000 to £25,000 in £10 increments. 

 

Interest

Interest is calculated on a daily basis. At the beginning of the loan we work out the interest you will pay over the whole period of your loan and add this to your loan balance. 

 

Repayment holidays

You could have the option to take a repayment holiday for the first three months or every January for the life of the loan. You need to specify if you would like to take one of these options when you apply for the loan. The three month repayment holiday must be taken at the start of the loan and can't be offered where more than 70% of the loan is for refinancing existing borrowing.

Neither of these options are available when refinancing an existing Graduate Loan where you've made five or less repayments.

Please note that interest is charged over the full term of the loan, including any deferred payments/repayment holidays taken. This means that if you choose to take a repayment holiday, more interest will be payable overall.

 

Apply for additional borrowing

You can apply to borrow more money either via HSBC branches or Telephone Banking. If you've made five or less repayments on your existing Graduate Loan, you won't be eligible for the January holiday or three month deferred start options on your new loan should your application be successful.

 

Early repayments

You can repay your loan in full at any time by giving us notice in writing, by visiting a branch or by calling us on 03456 00 61 61. 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.

 

Overpayments

If 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.

 

Our credit facilities

You can get full details of our credit facilities, including a written quotation from any of our branches, by writing to:


Customer Information
HSBC Bank plc
PO Box 757
Hemel Hempstead
Herts
HP2 4SS.


Or call us on 

0800 032 4735 (textphone 18001 0800 028 0126).

Lines are open from 8am to 10pm every day (except for Christmas Day, Boxing Day and New Year's Day).

 

 

How would you like to apply?

Simply choose the way that suits you best - but first, take a look below at the eligibility requirements and things you should know about your Graduate Loan application. 

 

Apply by phone

Call us on

0800 032 4735

Lines are open from 8am to 10pm every day (except for Christmas Day, Boxing Day and New Year's Day).  

Textphone contact numbers

 

Apply in branch

HSBC Current Account customers can book an appointment to apply in branch by calling

03456 00 61 61

From outside the UK, Channel Islands or Isle of Man
+44 1226 261 010

You’ll need to bring identification and proof of your address.

Are you eligible?

Our Graduate Loans are offered exclusively to HSBC customers.

To apply for a Graduate Loan, you need to:

  • Have an HSBC current account 
  • Be 18 years or older and a resident of the UK, Channel Islands or Isle of Man
  • You also need to be within 5 years of graduation. Please note, we may ask you to provide proof of your graduation when you apply.
  • Have an annual income/pension before tax of £10,000 or more

 

Available for five years after graduation to customers who are currently (or were previously) on our Graduate service. 

 

Things you should know

Before applying, please take the time to read the following. You may also want to save some of these documents for future reference.

These links may allow you to access a non-HSBC website. HSBC Bank plc has no control over the linked website and is not liable for the use of it.  

We adhere to The Standards of Lending Practice*

 

* This link may allow you to access a non-HSBC website. HSBC Bank plc has no control over the linked website and is not liable for the use of it.

Key Benefits

HSBC current account holders can receive a representative* 3.3% APR for Graduate Loans between £5,000 and £25,000.

Our Graduate Loans are available exclusively to HSBC current account customers who are within five years of graduation.

 

 

Representative example, for illustrative purposes:

Amount borrowed £8,000

Borrowing period (months) 60

Monthly repayment £144.64

Total amount payable £8678.64

Representative 3.3% APR

Interest rate 3.3% p.a. (fixed)

*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.

 

  • Quick decision
    Whether you're applying in branch or by phone, you should get an instant credit decision
  • Make overpayments
    You can make overpayments without charge, which may reduce the amount of interest you pay
  • Funds transferred same day
    If approved, you'll receive the money in your account straight away
  • Fixed repayment terms
    You always know how much you need to repay each month
  • Repayment holidays
    You could have the option of a repayment holiday for the first three months or every January for the life of your loan. More interest will be payable overall
  • Apply for additional borrowing
    If you already have a Personal Loan with us, you can apply to borrow more  

 

Are you eligible?

Our Graduate Loans are offered exclusively to HSBC customers.

To apply for a Graduate Loan, you need to:

  • Have an HSBC current account 
  • Be 18 years or older and a resident of the UK, Channel Islands or Isle of Man 
  • You also need to be within 5 years of graduation. Please note, we may ask you to provide proof of your graduation when you apply.
  • Have an annual income/pension before tax of £10,000 or more

 

Available for five years after graduation to customers who are currently (or were previously) on our Graduate service.

 

 

Key product information

 

Graduate Loan

 

3.3% APR representative*

*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.

 

Quick decision

Whether you're applying in branch or by phone, you should get an instant credit decision.

 

Fixed repayment terms

Spread your repayments equally over one to five years for Graduate Loans of £15,000 and less, or over one to eight years for Graduate Loans of over £15,000.

The first repayment is due 30 days from drawdown.

If you are eligible and choose the deferred start option the first repayment is due 3 months from the date of drawdown. Repayments will be taken monthly from your HSBC current account. 

 

Responsible lending

As a responsible lender, we work with you to try to ensure that you do not borrow more than you can afford to repay.

Personal Loans are available from £1,000 to £25,000 in £10 increments. 

 

Interest

Interest is calculated on a daily basis. At the beginning of the loan we work out the interest you will pay over the whole period of your loan and add this to your loan balance. 

 

Repayment holidays

You could have the option to take a repayment holiday for the first three months or every January for the life of the loan. You need to specify if you would like to take one of these options when you apply for the loan. The three month repayment holiday must be taken at the start of the loan and can't be offered where more than 70% of the loan is for refinancing existing borrowing.

Neither of these options are available when refinancing an existing Graduate Loan where you've made five or less repayments.

Please note that interest is charged over the full term of the loan, including any deferred payments/repayment holidays taken. This means that if you choose to take a repayment holiday, more interest will be payable overall.

 

Apply for additional borrowing

You can apply to borrow more money either via HSBC branches or Telephone Banking. If you've made five or less repayments on your existing Graduate Loan, you won't be eligible for the January holiday or three month deferred start options on your new loan should your application be successful.

 

Early repayments

You can repay your loan in full at any time by giving us notice in writing, by visiting a branch or by calling us on 03456 00 61 61. 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.

 

Overpayments

If 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.

 

Our credit facilities

You can get full details of our credit facilities, including a written quotation from any of our branches, by writing to:


Customer Information
HSBC Bank plc
PO Box 757
Hemel Hempstead
Herts
HP2 4SS.


Or call us on 

0800 032 4735 (textphone 18001 0800 028 0126).

Lines are open from 8am to 10pm every day (except for Christmas Day, Boxing Day and New Year's Day).

 

 

How would you like to apply?

Simply choose the way that suits you best - but first, take a look below at the eligibility requirements and things you should know about your Graduate Loan application. 

 

Apply by phone

Call us on

0800 032 4735

Lines are open from 8am to 10pm every day (except for Christmas Day, Boxing Day and New Year's Day).  

Textphone contact numbers

 

Apply in branch

HSBC Current Account customers can book an appointment to apply in branch by calling

03456 00 61 61

From outside the UK, Channel Islands or Isle of Man
+44 1226 261 010

You’ll need to bring identification and proof of your address.

Are you eligible?

Our Graduate Loans are offered exclusively to HSBC customers.

To apply for a Graduate Loan, you need to:

  • Have an HSBC current account 
  • Be 18 years or older and a resident of the UK, Channel Islands or Isle of Man
  • You also need to be within 5 years of graduation. Please note, we may ask you to provide proof of your graduation when you apply.
  • Have an annual income/pension before tax of £10,000 or more

 

Available for five years after graduation to customers who are currently (or were previously) on our Graduate service. 

 

Things you should know

Before applying, please take the time to read the following. You may also want to save some of these documents for future reference.

These links may allow you to access a non-HSBC website. HSBC Bank plc has no control over the linked website and is not liable for the use of it.  

We adhere to The Standards of Lending Practice*

 

* This link may allow you to access a non-HSBC website. HSBC Bank plc has no control over the linked website and is not liable for the use of it.