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HSBC Personal Instalment Loan Balance Consolidation Program

Consolidate your other loans and credit card balances into a high loan amount of up to 23 times your monthly salary or HKD3 million (whichever is lower) without any handling fees

A single loan for your credit card and loan debt

Save yourself some hassle by consolidating debt from your credit cards and loans, and save some money with a personalised interest rate. 

Key benefits

Meet your financial needs

Take out a loan up to 23 times your monthly salary or HKD3,000,000 (whichever is lower)

Pay less interest

A consolidated loan with repayment period of 12 to 84 months helps to save interest expenses with a personalized interest rate

Apply without proof of income

You don't need proof of income if you've kept a payroll account with HSBC for the past month

Enjoy cash rebate up to HKD28,888[@loans-dcpil-trasnfer-in]

Combine your credit card and loan balances into a Personal Instalment Loan Balance Consolidation Program and enjoy a cash rebate up to HKD28,888 now.

How to save by consolidating debt

Here's an example of how you could save money by combining your debt into a single loan amount of HKD200,000 under our Balance Consolidation Program[@loans-repaymentexample].
Items Credit card bills totalling HKD200,000[@loans-calculatedannualinterestrate] Under our Balance Consolidation Program[@loans-calculatedmonthlyflatrate]
Average monthly repayment amount HKD7,881

HKD4,458- HKD5,338

(32-43% less in monthly repayment)
Repayment period 378 months

72 months

(81% shorter repayment period)
Total interest expense HKD331,986

HD120,962 - HKD184,322

(44-64% less in interest expense)
Here's an example of how you could save money by combining your debt into a single loan amount of HKD200,000 under our Balance Consolidation Program[@loans-repaymentexample].
Items Average monthly repayment amount
Credit card bills totalling HKD200,000[@loans-calculatedannualinterestrate] HKD7,881
Under our Balance Consolidation Program[@loans-calculatedmonthlyflatrate]

HKD4,458- HKD5,338

(32-43% less in monthly repayment)
Items Repayment period
Credit card bills totalling HKD200,000[@loans-calculatedannualinterestrate] 378 months
Under our Balance Consolidation Program[@loans-calculatedmonthlyflatrate]

72 months

(81% shorter repayment period)
Items Total interest expense
Credit card bills totalling HKD200,000[@loans-calculatedannualinterestrate] HKD331,986
Under our Balance Consolidation Program[@loans-calculatedmonthlyflatrate]

HD120,962 - HKD184,322

(44-64% less in interest expense)

dpws-tools-calculator-creator

  • The monthly repayment amount, Annualised Percentage Rate (APR) and total interest amount shown in the calculator are for indication only and not meant to be final.
  • The rates for individual customers may vary. Please call our hotline to enquire about your eligible rates including APR and repayment information.
  • The illustration does not reflect the actual allocation of principal and interest. Please also note that the actual monthly repayment amount may differ, customers should refer to the loan confirmation letter for the actual related information.
  • The monthly repayment amount and the APR is calculated based on a 12, 18, 24, 30, 36, 42, 48, 54, 60, 66, 72, 78 or 84-month repayment period and loan amount of every HKD10,000. The monthly repayment amount is rounded up to one decimal place.
  • The APR is calculated using the method specified in relevant guidelines issued by The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. An APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualised rate.
  • View Key Fact Statements.
  • Terms and conditions apply.

What you need to know before you borrow

Which of HSBC's lending solutions is your right match?

 
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Find a suitable lending product to match with your specific needs by answering a few simple questions

Factors to consider before applying for a personal loan

 

Know more about how to apply for a bank loan, loan rates, and documents needed for personal loans. 

What to look out for when getting a loan

 

Be careful and watch out for these 6 things before you apply for a loan

Things you should know

Eligibility

To apply for the HSBC Personal Instalment Loan Balance Consolidation Program, you must:

  • be a Hong Kong resident
  • be at least 18 years old
  • have a monthly income of at least HKD7,500

Fees and charges 

Apply now

Via online form

Fill out an online form and we will follow up with you.

Over the phone

Call us on our 24/7 application hotline to get started.

(852) 2748 8080

Already applied? Upload documents now 

Find out more

What if I can't keep up with the repayments? 

What is a monthly flat rate? 

What is an annualised percentage rate (APR)? 

Why do different loans have different interest rates? 

You may also be interested in

HSBC Personal Instalment Loan

 

Expecting tax season? Take out a HSBC Personal Instalment Loan and enjoy 3 benefits 

Personal Instalment Loan Redraw

 

Borrow a part of or up to all of the principal from what you’ve repaid on your existing loan, without having to reapply 

HSBC Revolving Credit Facility

 

Spare cash you can withdraw at any time, on your own schedule at 2.90% p.a. for your first 3 months, and at 2.92% APR[@loans-introrate] 

Notes

    Important information 

    • Please note that we do not appoint any third parties to refer Balance Consolidation Program applications to us and will not process any application that was referred by a third party under beneficial arrangement. For enquiry, please call our hotline at (852)2233 3000. 
    • To borrow or not to borrow? Borrow only if you can repay!