HSBC Personal Loan

HSBC Malaysia is among the largest international banks with world-class financial services and products including Retail Banking, Wealth Management, Commercial Banking, and Global Banking and Markets.


Compare Personal Loans by HSBC Malaysia

About the loan

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Features


Key features
profit ratefrom 7.50% per annum
minimum loan amountRM50,000
maximum loan amountRM250,000
minimum loan duration
24 months or 2 years
maximum loan duration
84 months or 7 years

- For Existing-To-Bank (ETB) customers only

    Benefits

    • Syariah-compliant under the concept of Commodity Murabaha (cost plus profit)
    • low monthly repayment from RM106
    • low flat profit rate from 7.50% per annum
    • financing amount from RM50,000 to RM250,000
    • eligible customer is entitled to receive one (1) unit of Cash Back throughout the Campaign Period upon fulfilling Participation Criteria, subject to approval.
    • the maximum Cash Back will not exceed RM2,000 or 2% of the approved financing amount, whichever is lower
    • up to 7 years of payment period
    • the Cash Back will be credited into the Eligible Customer’s active and valid HSBC deposit account/-i which the financing amount has been disbursed after 6 months from the APF-i approval date. 
    • instant cash disbursement into your HSBC or HSBC Amanah financing account upon approval
    • fast and hassle-free application
    • fast approval
    • no collateral or guarantor needed
    • optional Takaful coverage is available
    • no stamp duty, no processing fee and no early settlement fee

    Eligibility

    • age: 21 - 60 years old
    • salary: monthly salary RM3,000 and above
    • nationality: Malaysian or having a Malaysian permanent resident status

    Reference

    Fees & Charges

    Financing amountRegular fixed interest rate
    RM6,000 - RM19,50012.5% p.a.
    RM20,000 - RM49,50011.5% p.a.
    RM50,000 - RM150,00010.5% p.a.
    • application processing fees - waived
    • early settlement charges - none (1 month's prior written notice)
    • late payment charges - 1% p.a. on the overdue payment amount

    [last updated: 3 July 2020]

    CategoryDocuments to prepare
    Salaried Malaysians

    compulsory

    • photocopy of MyKad (both sides)

    any of the following where necessary

    • copy of a current or previous month’s pay slip
    • copy of a bank statement showing salary credit into your account
    • Form BE (full submission to LHDN with payment receipts attached)
    • Form EA
    • your EPF statement
    • copy of an appointment letter (if employed less than three months)
    Variable IncomeMalaysianscompulsory
    • photocopy of MyKad (both sides)
    • a copy of the latest 3 months’ pay slips OR
    • a copy of your bank statement showing salary credits into the account
    any of the following where necessary
    • Form BE (full submission to LHDN with payment receipts attached)
    • EPF statement
    • a copy of your yearly commission statements from your employer
    Self-employed Malaysians

    compulsory

    • a copy of your MyKad
    • a copy of your Business Registration form

    any of the following where necessary

    • a copy of latest Form B (full submission to the LHDN with payment receipts, or CPO2 attached)
    • copy of your audited financial statement / profit and loss account
    • EPF Statement
     

    HSBC Bank Malaysia Berhad, or also known as Hongkong and Shanghai Banking Corporation Limited was established in 1884 with its first office located in Penang. The bank soon expanded across the country and it currently employs 4000 Malaysians with over 60 branches nationwide.

    HSBC is also in the top 10 largest banks in the world according to assets and market cap. As of now, HSBC’s total assets rank in top 10 biggest banks globally and among top 20 largest public companies in 2016 according to Forbes magazine.

    With excellent banking services and financial products, HSBC is among the most trusted financial institutions in Malaysia.

    Compare all HSBC personal loans today and apply on CompareHero.

    HSBC Amanah Personal Financing-i is a term financing facility with mixed monthly instalments.

    It is based on the Commodity Murabahah, an arrangement to buy and sell Syariah compliant commodities.

    In this process, all the cost and profit margin are transparent and agreed upon by all parties in the transaction.

    The current promotion runs from 15 April 2020 - 30 June 2020. You can apply for an HSBC Amanah Personal Financing-i to enjoy up to RM2,000 Cash Back (2% Cash Back) with exclusive flat rate from as low as 6.75% p.a.

    This promo is applicable to Existing-To-Bank (ETB) customers only.

    Islamic personal financing follows Islamic banking principles, making it Syariah-compliant. 

    The loan does not have fixed or floating interest rates or fees (riba/usury) for the loan of the money, as prohibited by the Islamic banking principles.

    There is also no concept of compounding interest calculation, therefore late settlement of Islamic personal financing could incur lower charges than conventional personal loans

    Yes, all who are eligible can apply for HSBC Amanah Personal Financing-i, regardless whether they are Muslim or non-Muslim.

    You need to be 21 years old and above and not more than 60 years old upon the loan maturity date.

    Holds a Malaysian citizenship or PR status.

    Minimum salary of RM3000 monthly if you are an existing HSBC Amanah customer, or minimum RM5,000 monthly if you are a new-to-bank customer.

    Minimum amount - RM6,000

    Maximum amount - RM120,000 (for new customers)

    Maximum amount - RM150,000 (for existing customers)

    Minimum duration - 2 years

    Maximum duration - 5 years (for new customers)

    Maximum duration - 7 years (for existing customers having a deposit, mortgage or credit card with HSBC Amanah)

    The profit rate is different according to the amount of financing required

    • for RM6,000 - RM19,500: rate 12.5% p.a.
    • for RM20,000 - RM49,500: rate 11.5% p.a.
    • for RM50,000 - RM150,000: rate 10.5% p.a.

    No, the financing is only for an individual sole account, joint account is not allowed.

    None, the processing fee is currently waived.

    Yes, early settlement at any point of time during the financing tenure is allowed with 1 month notice period.

    No penalty is imposed for early settlement.

    No, the instalment amount and the selling price agreed initially is final.

    You can make payment via your deposit account. A standing instruction from your deposit account will be established to the facility account at the point of financing disbursement.