HSBC following requirements must be met. 1. The

HSBC Personal Loans is a banking and financial service with branches in the USA, Singapore, Hong Kong and some other parts of Europe, It is considered to be one of the worlds largest banking and financial service organizations.

They pride themselves with over 38 million customers and provide such services as Commercial Banking, Retail Banking and Wealth Management, Global Banking and Markets, etc..

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In the United Kingdom, they provide a range of retail services as well as commercial and private banking services.

Their personal loans range from £1,000 to £25,000. For loans below £15,000, repayment duration is from 1 to 5 years whiles loans above  £15,000 has 1 – 8 year duration of repayment.

Their loans have a 3.3%  Representative Annual Payment Rate, and for an amount of  £8,000 over a 60-month course, the monthly repayment is  £144.64 summing up to a total of  £8,678.64. They also have a 10% advanced customers interest cashback.

To apply for a loan at HSBC personal Loans (UK), specifically a personal loan, the following requirements must be met.

1.       The applicant must Have a bank or building society account with a Direct Debit facility

2.       The applicant must Have an annual income/pension before tax of £10,000 or more

3.       The applicant must Be a resident of the UK

4.       The applicant must Be over 18 years at the time of application.

An overpayment is allowed free of charge. Early payment may reduce the interest rate and repayment in full can be made at any time.

Application is done via the internet, over the phone or in person at any branch. HSBC account holders have the chance of being approved to borrow instantly.

Instant approval is also available for an online applicant provided their information can be verified. They have fixed repayment terms, with the first repayment due 30 days after loan approval.

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