Personal Instalment Loan Redraw

HSBC HK
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Personal Instalment Loan Redraw

Reborrow repaid principal from your existing loans any time

Borrow up to 100% of the principal, from what you've repaid on your existing loan, without having to reapply. Access cash immediately[@loans-processingtime] and select a new repayment period of up to 5 years.

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Key benefits

Redraw quickly and easily

We'll release funds into your account as soon as you redraw on your loan[@loans-processingtime], and you can redraw at over 1,000 HSBC ATMs.

Meet your financial needs as they arise[@loans-minimumredraw]

Comfortably redraw money from your repaid principal and pay back over a period of up to 60 months.

Consolidate for easier management

Combine your outstanding balance and redrawn loan into a single account to manage your loans with ease.

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.
A redraw charge of 1% on the redrawn loan amount and rounded up to one decimal place (or HKD50, whichever is higher) will be calculated and deducted from the loan amount when draw down (if applicable).
The rates for individual customers may vary. Please call our hotline, or log on to HSBC Online Banking or HSBC HK Mobile Banking app 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 6, 12, 18, 24, 30, 36, 42, 48, 54 or 60-month repayment period and loan amount of every HKD10,000 (which comprises an outstanding principal of HKD5,000 and a redrawn loan amount of HKD5,000) and a redraw charge of 1% on the redrawn loan amount. 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.

Things you should know

Eligibility

To be eligible for HSBC Personal Instalment Loan Redraw, you must:

be a Hong Kong resident
be at least 18 years old
have a monthly income of at least HKD5,000
have a Personal Instalment Loan for at least three months

Apply now

Via HSBC HK App

If you have the HSBC HK App installed on your device and have set up mobile banking, you can complete your application in the app.

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Via online banking

If you're already registered for HSBC Online Banking, simply log on to get started. We've pre-filled some details for you to make your application process easier.

Logon and apply This link will open in a new window

Apply without logging on This link will open in a new window

Apply by phone

Call us on our 24/7 application hotline to get started. (852) 2748 8080

Scan the QR code to open the HSBC HK App

Frequently asked questions (FAQs)

There are two main things to consider: how much you need to borrow, and how much you can afford to repay.

It is best to borrow only what you actually need and to resist the temptation to add extra borrowing. Remember that your loan does not have to be for a round figure, so you can usually borrow exactly the amount of any large purchase.

When working out your repayments, look at all your other spending. It is unwise to spend more than 30% of your gross monthly income on all your loan repayments put together - with the possible exception of mortgage repayments, which may be up to 50% of your income.

Make sure that you can afford the extra cost of loan repayments without leaving you unable to meet other financial commitments.

A good general rule is not to borrow for longer than the life of the thing you are paying for. For example, if you have an annual expense such as a tax bill then a loan of 12 months or less would be the best choice - otherwise you will still be paying off your first loan when the next year's tax demand arrives.

With careful budgeting, you can balance the amount you borrow with the period of the loan and the amount you can afford to repay each month.

You can retry later or you can redraw from your Personal Instalment Loan account in several ways:

By phone on (852) 2748 8080

At any HSBC branch in Hong Kong

By completing the online application form

In order to facilitate the evaluation and approval of your loan application, we may need to further clarify some details with you and we would send you SMS / email notification to ask for your call back to our loan application designated hotline 22882191. Please contact us at your convenience within 3 working days upon receiving the notification to expedite your application approval.

See all frequently asked questions

Notes

Please note that we do not appoint any third parties to refer Personal Instalment Loan Redraw 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!

Personal Instalment Loan Redraw

Key Facts Statement

Reborrow repaid principal from your existing loans any time

Key benefits

Redraw quickly and easily

Meet your financial needs as they arise[@loans-minimumredraw]

Consolidate for easier management

dpws-tools-calculator-creator

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Things you should know

Eligibility

Product information

Apply now

Via HSBC HK App

Via online banking

Apply by phone

Scan the QR code to open the HSBC HK App

Already applied? Upload documents now

Frequently asked questions (FAQs)

How much should I borrow?

How long should I borrow for?

I want to redraw from my Personal Instalment Loan account but received an error message: "Please retry or enable JavaScript on your browser. Please refer to the FAQ section for details."

Why do I receive SMS / email asking me to call back for my loan application?

Related products

HSBC Personal Instalment Loan

HSBC Revolving Credit Facility

HSBC Personal Instalment Loan Balance Consolidation Program

Notes

Important information