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Terms & ConditionsAnnual Interest Rate
Effective Interest Rate
Processing Fee
Minimum Loan Amount
Monthly Repayment
Apply NowIn Singapore, HSBC provides some of the most affordable personal loans. With introductory interest rates starting at
2.92% p.a. (EIR 5.5%). In addition, the bank provides loans with the longest repayment terms (7 years) in Singapore. It
enables borrowers to reduce their monthly repayments by spreading the total repayment amount over a longer period.
This feature is ideal for borrowers who are concerned about their ability to make monthly payments. HSBC also provides
loan approvals in minutes and cash disbursements the same day, making it one of the fastest lending providers.
For foreigners looking for personal loans in Singapore, HSBC is an excellent choice. The bank has the country’s lowest
minimum income requirement for foreign borrowers (S$40,000). This income level is lower than that of other financial
institutions.. Furthermore, foreigners with at least S$120,000 annual salary can borrow up to S$200,000, which is 8
times their monthly income. Those earning between S$40,000 and S$120,000 can borrow four times their monthly earnings
(up to S$100,000). This makes HSBC a considerable player for foreigners in need of a larger personal loan.
All banks listed below are authorized financial institutions operating under MAS supervision and regulation. They comply with stringent banking standards, consumer protection guidelines and fair lending practices established by MAS. Bank loans typically offer lower interest rates compared to licensed moneylenders and are suitable for borrowers with good credit history.
*Today's Moneylenders Rates - 6 January 2026
HSBC charges a 2.5% early repayment fee and a $75 late fee. Both fees are comparable to those charged by other banks. To
avoid accruing unnecessary fees, we recommend repaying any loan in due time.
| Loan Duration | AIR | Fee | EIR | Total Cost | Monthly Payment |
| 1 Year | 1.83% | $0 | 3.50% | S$10,183 | S$849 |
| 2 Year | 1.83% | $0 | 3.50% | S$10,366 | S$432 |
| 3 Year | 1.83% | $0 | 3.50% | S$10,549 | S$293 |
| 4 Year | 1.83% | $0 | 3.50% | S$10,732 | S$224 |
| 5 Year | 1.83% | $0 | 3.50% | S$10,915 | S$182 |
Singapore citizens and permanent residents can apply for HSBC personal loans. They must earn at least S$30,000 per year,
while self-employed and commission-based workers, as well as employment pass holders, must earn at least S$40,000 per
year. Borrowers with a minimum annual salary of S$120,000 are eligible for loans up to eight times their monthly income
(up to S$200,000). Foreigners must also show proof of employment in Singapore. Please keep in mind that while HSBC
provides personalized interest rates, you may not be eligible for their lowest rates depending on your borrowing plan.
HSBC is offering promotional interest rates as low as 3.4% per annum (EIR 6.5% per annum). If you apply online through HSBC, you’ll get an extra $100 cashback.
You can start your application by clicking the HSBC link.
In order for HSBC to approve your personal loan application, you must provide all required documentation.
Documents on this list include:
The loan will be disbursed once HSBC has approved your online application.
Some of the most competitive loan interest rates on the market
Provides an excellent means for foreigners in Singapore to obtain financing.
Does not provide the required flexibility for specific loan uses such as auto or student loans.
