HSBC Loans

HSBC offers a range of products and services to personal banking, business and corporate customers.

HSBC offer Personal, Flexi and Professional Studies Loans. Their Personal Loans have a typical APR of 6.4% on loans between £7,000 and £15,000, an instant decision and your money available immediately.

• A choice of loan options
• Defer your payments for up to 3 months
• Instant credit decision
• Low rate of 6.4% APR on Personal Loans

About Loans

Everyone has a different reason for taking out a loan, whether it is to pay for home improvements, cover for a holiday, or to consolidate existing debts. Generally, there are two main types of loans available to customers, unsecured personal loans and secured loans. Unsecured loans are called as such as they are 'unsecured' against any kind of collateral, i.e. a house or property, that the lender can use as insurance in the event that you may not be able to pay them back - thus an unsecured personal loan suffers from a rate of interest higher than that of a loan which is secured. A secured loan, by contrast, is any type of loan that is secured using any property owned by the client, usually the house they live in. As secured loans are low-risk investments from the lenders' point of view, secured loan customers benefit from lower rates of interest than those available on an unsecured loan.

Loans can be tailored to suit each individual's needs and circumstances. Home Improvement loans typically allow you to borrow an amount around or in excess of your property value and arrange for manageable monthly repayments. Graduate loans are designed specifically for those who have recently finished a degree and are in the first few months of work, and allow postgraduates to enjoy a slightly lower rate of interest than those found on typical unsecured loans.

Also popular are consolidation loans - a single loan used to pay off multiple smaller debts, bringing any outstanding balances under a single repayment scheme - all debts are made payable to one lender with one interest rate.