Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
HSBC - Personal Loan HSBC - Personal Loan Minimum Salary: AED 7,500 Salary Transfer: Yes Islamic Finance: No Maximum Term: 4 Years Flat Rate: 3.33% Reducing Rate: 5.99%
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At HSBC we believe in your dreams, be it a special vacation, your perfect wedding or even the best education for your children. With our Personal Loan approval online within 10 minutes 1, it won't be long before you make all of those dreams come to life. Realizing your ambitions #StartsToday.
  • Easy online Personal Loan approvals in 10 minutes
  • Rates starting from 5.99% p.a.
  • No credit life insurance required
  • Loans available for a minimum period of 12 months and a maximum period of 48 months
  • You’re a UAE National aged between 21 and 65 years
  • You’re an expatriate resident aged between 21 and 65 years
  • You earn a minimum salary of AED 7,500 per month
Additional Information
Required Documents: Primary Documents:
  • 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
Bank Statement: New to bank customers: last 2 months bank statement showing two-credit income. 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 to Buy-out-only
Cashier's Order Cheque (COC) Request:
  • Required to Buy-out-onl
DECISION IN PRINCIPLE* At HSBC, you can now apply for a Personal Loan online and get an approval within 10 minutes.
  • Certainty of your loan amount – Using our Personal Loan Calculator you can find out:
  • Monthly installment for the loan amount you require
  • Other loan amount options that you may be eligible for
  • Easy and convenient - Apply online anytime and from anywhere, including from the comfort of your home Save time and effort - No paper forms and no need to visit a branch or meet with one of our Personal Loan advisers
Product and Offer Terms and Conditions, fees and charges apply (1)  Based on reducing balance, which is the interest calculated on a monthly basis on the remaining principal amount. Your interest rate is based on qualifying criteria (2)The approval is conditional on the information provided by you and validation of your documentation. (3) Applicable on 12, 24, 36, 48 months loan or top ups, subject to a minimum amount of AED100,000.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
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