Fixed repayment terms
Spread your repayments equally over 1 to 5 years for HSBC Premier Personal Loans of £15,000 and less, or over 1 to 8 years for loans of over £15,000.
The first repayment is due 30 days from drawdown.
If you are eligible and choose the deferred start option the first repayment is due 3 months from the date of drawdown.
Repayments will be taken monthly from your HSBC current account.
Responsible lending
As a responsible lender, we work with you to try to ensure that you do not borrow more than you can afford to repay. Personal Loans are available from £1,000 to £50,000 in £10 increments.
Interest
Interest is calculated on a daily basis. At the beginning of the loan we work out the interest you will pay over the whole period of your loan and add this to your loan balance.
Debt consolidation considerations
Apply for additional borrowing
You can apply to borrow more money either via HSBC branches, telephone or Online Banking.
Early repayments
You can repay your loan in full at any time by giving us notice in writing, by visiting a branch or by calling us on 03457 404 404. Once you've given us notice, we'll give you a settlement figure.
It's necessary to pay all the amounts owed if you wish to close the loan. Where you make an early repayment, there may be a reduction in the amount of interest you'll have to pay and this will be reflected in the settlement figure.
Please note, there is a penalty of one month's interest for repaying your loan early.
Overpayments
If you take out a loan, you'll be able to make overpayments or lump sum repayments to your loan. These payments may reduce the amount of interest you pay over the term of the loan.
Our credit facilities
You can get full details of our credit facilities, including a written quotation from any of our branches, by writing to:
Customer Information, HSBC Bank plc, PO Box 757, Hemel Hempstead, Herts HP2 4SS.
Or call us on 0800 032 4735 (textphone 18001 0800 028 0126).
Lines are open from 8am to 10pm every day (except for Christmas Day, Boxing Day and New Year's Day).