ADIB Smart Account

Check Eligibility for HSBC
Personal Loan

You are eligible to apply for a HSBC
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 7500 required to apply for a HSBC Personal Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

HSBC Personal Loan Calculator

Personal Loan Provided By HSBC

Check Eligibility for HSBC Personal Loan

You are eligible to apply for a HSBC
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 7500 required to apply for a HSBC Personal Loan .

Click here to check loans from other banks.

HSBC Personal Loan Calculator

ADIB Smart Account
HSBC Personal Loan Details
Minimum Salary AED 7500 per month
Interest Rates Flat rate: 3.3% | Reducing rate: 5.99%
Maximum Loan Amount AED 750K
Early Settlement Fees 1% of the outstanding amount
Arrangement Fees 1% of the approved loan amount
Tenure 48 months
Age 21 - 60 years(Expats) & 65 years(UAE Nationals)

Features of HSBC Personal Loan

  • Maximum loan amount of AED 750,000 (for UAE Nationals) and AED 600,000 (for expatriates)
  • Minimum monthly salary of AED 7,500
  • Maximum tenure of 48 months
  • Maximum tenure of 48 months
  • It is not mandatory to have a credit life insurance.
  • Quick processing of loans

Fees and Charges

  • Loan arrangement fee : 1% of the loan amount (Minimum 500 AED and Maximum 2500 AED)
  • Late Payment Fee : 2% of the delayed amount (Minimum 50 AED and Maximum 140 AED)
  • Loan cancellation Fee : AED 100
  • Loan rescheduling fee : AED 250
  • Early Settlement of loan : 1% of the outstanding loan amount (Maximum 10000 AED)

Eligibility Criteria of HSBC Personal Loan

  • UAE National aged between 21 and 65 years
  • Expatriate resident aged between 21 and 65 years
  • Earning a minimum income of AED7,500

Check here for the Eligibility Criteria of HSBC Personal Loan

Documents Required of HSBC Personal Loan

Primary Identification

  • Expatriates: Valid passport, UAE Residence Visa page and valid Emirates ID
  • UAE Nationals: Valid passport copy and valid Emirates ID

Evidence of Income

  • Pvt. Companies - income Transfer Letter (STL)
  • Govt. Companies - income Certificate (SC) or STL

Security cheque

  • Undated Security Cheque

The following are exempt from the requirement:

  • New to country if same can be proved through date of entry in UAE
  • Govt. employees if the first income is credited to the account
  • Buy-outs: Last 2 months bank statement

    Liability Letter (not more than 30 days old):

    Required for Buy-out only

    Cashier's Order Cheque (COC) Request:

    Required for Buy-out only

HSBC Personal Loan Interest rates

HSBC Bank

1 HSBC Bank Personal Loans

Personal Loan

minimum salary

Minimum Salary

AED 7.5K

flat rate

Flat Rate

4.12%

reducing rate

Reducing Rate

7.49%

loan amount

Loan Amount

AED 750K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

1%

minimum salary

AED 7.5K

Minimum Salary

flat rate

4.12%

Flat Rate

reducing rate

7.49%

Reducing Rate

loan amount

AED 750K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Advantages
  • Credit life insurance is not mandatory
  • Quick processing & approval
  • Flexible tenure
Advantages
  • Credit life insurance is not mandatory
  • Quick processing & approval
  • Flexible tenure

Benefits

  • Applicants can get up to AED 7,50,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme Finance buy-out facility is also provided with this loan

Features

  • The loan is provided for a interest rate of 7.49%
  • Minimum salary of AED 7,500 is required
  • The reduction rate and the flat rate is 7.49% and 4.12%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is mandatory to transfer your salary
  • Finance up to AED 750,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 7,50,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme Finance buy-out facility is also provided with this loan
  • Determent facility available - maximum 2 times a year without additional profit

View details on bank page

About HSBC

In 1946, the British Bank of Iran and the Middle East commenced banking activities for Middle East citizens. Post withdrawing from Iran, the bank was renamed as the British Bank of the Middle East (BBME). Hong Kong and Shanghai Banking Corporation (HSBC) acquired BBME in 1959 and played a pivotal role in the establishment of the banking sector in the region. HSBC has a sustainability strategy of doing business. The main areas of focus are:

  • Sustainable Finance
  • Sustainable Operations
  • Sustainable Communities

This is in sync with their global sustainability model.

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