HSBC Personal loan

Are you in a financially difficult situation and looking for a favourable loan? If you have an HSBC account then you can receive 6, 2 APR % for Personal Loans between £7 000 and £15 000.


HSBC Personal loan is intended mainly for creditworthy customers and so the bank makes sure that the customers borrow only such sum of money which they can repay.


Moreover,it does not matter how you apply. You will get the credit decision within couple of hours, depending on planned maintenance periods.


Once yourloan is approved, you will get the money into your bank account straight away.
Please notethat in order to apply for a HSBC Personal Loan you need to have not only HSBCcurrent account but you also have to be over 18 years and a UK resident.

Loan calculator

Would youlike to take out a loan but you are not sure how much money you can borrow?
For that reason the customer can consult the amount of borrowed money with a bank representative or try out the online loan calculator.


The online loan calculator is user friendly. All you need to do is to fill in the amount of money you would like to borrow and for how long.


After that you will see instantly the amount of monthly repayments and total payable amount.

Fixed repayment terms

You have now the advantage to choose from two options of fixed repayment schemes.
Firstly, if you borrow less than £15,000 you can spread your repayments over the period of one to five years.


Secondly, if your loan is for more than £15,000 you can extend the repayment period up to eight years.

Repayment holidays

HSBC now also offers the possibility of taking a repayment holiday. This can be done in two ways.
You can either take a repayment holiday for the first three months of your loan or have repayment holidays every January.


Repayment holidays for the first three months of your loan mean that you receive the loan first and only after three months you will have to pay back your first repayment.


The second options will enable you to enjoy a little bit of extra money every January.


However, please note that the interest rate will be charged during the whole loan period. This means that you will have to pay more interest overall.

Read full article at http://portal-loans.co.uk/hsbc-personal-loan/