HSBC Personal Loan Eligibility

Minimum Salary

Interest Rate

Loan Amount

Reducing Rate


HSBC provides personal loans to fulfill all the financial needs of the customer. The loans are provided on the basis of reducing rate of interest and very quick approval.

Eligibility criteria for HSBC

  • Minimum salary AED 7500 is required.
  • Both UAE Nationals and Expats are eligible.
  • Both salaried and self-employed individuals are eligible.
  • Expats and UAE Nationals aged 21-65 years are eligibile.

What influences Eligibility?

  • Credit history- Your previous or existing loans and credit cards can affect your current loan approval. Low credit score applications can be rejected.
  • Monthly income- If your monthly income is less than AED 7500 then the bank doesn’t approve your loan.
  • Debt to Burden Ratio- DBR should be maintained low i.e below 65% is prefered by the banks to approve the loan.
  • Length of service- If you don't meet the minimum length of service criteria, bank may reject your loan application.
  • Age- Age limit of 21-65 yrs is mandatory. Minors below 21 yrs and senior citizens above 65 years (Expats above 60 years) are not eligible.
  • Documents- Documents like Salary certificate, Passport, Emirates ID, Trade license(If Self employed) are mandatory.
    1. Salary Certificate- Salary Certificate is a mandatory document for any kind of finance as it is a proof of your work and an employment in a company. Bank can ask for a salary certificate or salary certificate letter.
    2. Emirates ID- Emirates ID is a proof to confirm your identity. Without Emirates ID banks do not approve the loan.
    3. Trade License- For the self-employed individuals trade license is a mandatory document.

Tips to iprove the chances of loan approval

  • Make sure you meet the age limit.
  • Pay your current loans or credit card bills on time so that it won’t disturb your credit score.
  • Maintain all the required mandatory documents.
  • Don’t take more than required finance.
  • It is preferable to go for maximum tenures.


Q. When can I renew my loan?

A. You can renew your loan in 12 months.

Q. What is the maximum tenure offered?

A. A maximum tenure of 48 months is provided.

Q. How much loan amount I can take?

A. You can avail a maximum finance of AED 100,000.

Q. Is salary certificate mandatory?

A. Yes, Salary certificate is a mandatory document.

Check the list of HSBC Personal loans.