HSBC UK personal loan help borrower achieve their goals and the opportunity to borrow more money than would be available using a credit.This type of loan are unsecured, meaning the credit facility is not fixed to an asset, such as your home or your car, unlike a secured loan.Interest rates are also usually lower than they would be with a credit card, although they do vary.
Customers can Borrow from £1,000 to £25,000 and spread repayments over 1 to 5 years for loans of £15,000 or less, or over 1 to 8 years for loans over £15,000 at 3.3% APR* representative this is subject to change based on amount borrowed… The maximum APR you could be offered is 21.9%.
If you are current account holder,you could get an instant credit decision and receive the money instantly once the application has been approved and the loan agreement has been signed. while, Non-HSBC current account customers should be contacted with a credit decision in 2-5 working days and receive the money into a nominated account in 3 working days after the signed loan agreement is received.
Also read: Nationwide Building Society Personal Loan: Requirements and how to apply
Loans amount between £7,000 and £15,000 are also available to non-HSBC current account customers.
HSBC UK personal loan interest rate are two types:fixed rate loans and variable rate loans—–The fixed rate loan stay the same over the period of the loan.On the other hand, variable rate loan, may fluctuate. So, your repayments could increase or decrease.
What to consider before apply for a Loan
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