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HSBC Personal Instalment Loan Balance Consolidation Program

Consolidate your other loans and credit card balances into a high loan amount of up to 21 times your monthly salary or HKD1.2 million (whichever is lower) without any handling fees

A single loan for your credit card and loan debt

Save yourself some hassle by consolidating debt from your credit cards and loans, and save some money with a personalised interest rate. 

Key benefits

Meet your financial needs

Take out a loan up to 23 times your monthly salary or HKD3,000,000 (whichever is lower)

Pay less interest

A consolidated loan with repayment period of 12 to 72 months helps to save interest expenses with a personalized interest rate

Apply without proof of income

You don't need proof of income if you've kept a payroll account with HSBC for the past month

Enjoy a preferential rate

Combine your credit card and loan balances into a Personal Instalment Loan Balance Consolidation Program and enjoy a preferential rate now.

How to save by consolidating debt

Here's an example of how you could save money by combining your debt into a single loan amount of HKD200,000 under our Balance Consolidation Program[@loans-repaymentexample].
Items Credit card bills totalling HKD200,000[@loans-calculatedannualinterestrate] Under our Balance Consolidation Program[@loans-calculatedmonthlyflatrate]
Average monthly repayment amount HKD7,881

HKD4,258

(-46%)

Repayment period 378 months

72 months

(-81%)

Total interest expense HKD331,986

HKD106,560

(-68%)

Here's an example of how you could save money by combining your debt into a single loan amount of HKD200,000 under our Balance Consolidation Program[@loans-repaymentexample].
Items Average monthly repayment amount
Credit card bills totalling HKD200,000[@loans-calculatedannualinterestrate] HKD7,881
Under our Balance Consolidation Program[@loans-calculatedmonthlyflatrate]

HKD4,258

(-46%)

Items Repayment period
Credit card bills totalling HKD200,000[@loans-calculatedannualinterestrate] 378 months
Under our Balance Consolidation Program[@loans-calculatedmonthlyflatrate]

72 months

(-81%)

Items Total interest expense
Credit card bills totalling HKD200,000[@loans-calculatedannualinterestrate] HKD331,986
Under our Balance Consolidation Program[@loans-calculatedmonthlyflatrate]

HKD106,560

(-68%)

What you need to know before you borrow

 
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Find a suitable lending product to match with your specific needs by answering a few simple questions

 

Read about the 5 things you should think about or double-check before you apply for a loan 

 

Be careful and watch out for these 6 things before you apply for a loan

Things you should know

Eligibility

To apply for the HSBC Personal Instalment Loan Balance Consolidation Program you must:

  • be a Hong Kong resident
  • be at least 18 years old
  • have a monthly income of at least HKD7,500

Apply now

Via online form

You can complete this online form to apply.

Over the phone

Call us on our 24/7 application hotline to get started.

(852) 2748 8080

Find out more

You may also be interested in

 

Stay in control of your budget with fixed regular monthly repayments 

 

Borrow a part of or up to all of the principal from what you’ve repaid on your existing loan, without having to reapply 

 

Spare cash you can withdraw at any time, on your own schedule at 2.90% p.a. for your first 3 months, and at 2.92% APR[@loans-introrate] 

Notes

    • Please note that we do not appoint any third parties to refer Balance Consolidation Program applications to us and will not process any application that was referred by a third party under beneficial arrangement. For enquiry, please call our hotline at (852)2233 3000
    • To borrow or not to borrow? Borrow only if you can repay!