HSBC Loan

• A transparent service
• Low interest rates
• Become debt-free

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Get a debt consolidation loan from HSBC, simply apply online

HSBC provides debt consolidation loans that can be used to combine several smaller, unsecured debts into one easy-to-manage and more affordable loan.

To get an idea of just how much more affordable their loans are than most other online and traditional lenders, simply visit their website and enter your desired loan amount and loan term. Even though they do not have a specific consolidation loan product, their very affordable personal loans can do the work just as quickly. 

A consolidation loan may be more manageable than several separate smaller debts however, it may not necessarily be cheaper and you must take all factors into account before making your decision. The process is guaranteed and your consolidation loan is prepared quicker than your debt can trouble you!

Reasons to take a debt consolidation loan

• You have a terrible credit record
• You have a past filled with late repayments
• You have been bankrupt in the previous 10 years
• You are struggling to manage your debts
• you have more than 4 unsecured debts
• You're paying excessive interest on your unsecured debts

Make use of HSBC to consolidate your debts

HSBC offers quick loans for between £1,000 and £25,000 at a fixed interest rate over a loan term of 12 to 60 months. If you're looking for a loan of between £7,000 and £15,000 you could walk away with an Annual Percentage Rate of as low as 3.3%, which is guaranteed to be lower than any rate you’ll get from other loan providers.

You also have the convenient option of taking a repayment holiday, should you qualify for it and the option of repaying your loan early without being charged early repayment fees. Another great feature of our loan solutions is that they are unsecured; so you don’t have to own a home to get one!

Benefits of a debt consolidation loan

• You just have one regularly scheduled installment to cover
• You can consolidate at a lower interest rate which saves you cash
• Your debt will be paid off in a set measure of time (normally 2 -5 years)
• Any fees charged for this service are normally low
• Interest rates are low

Requirements to apply

To be eligible for a debt consolidation loan with HSBC you must be over the age of 18, as well as have an annual income of £10,000 or more. You will be required to be a UK resident and have a bank account that supports direct debits.

HSBC will also request your permission to run a credit check which will help them determine if you can afford the repayments. You can thereafter complete the entire online loan application process and you’ll get a decision immediately, provided that they do not require any additional details from you. If you are a new customer, HSBC will get back to you within 5 working days.