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HSBC Personal Loan Rates

Posted by admin | 12:32 AM | ,
Oct 19, 2009

HSBC Personal Loan Rates

Take a peek at HSBC Personal Loan Rates this day in October 2009. Note that these HSBC Personal Loan Rates are for information and not to recommend any borrowing or lending.

HSBC Personal Loan Rates are obtained from HSBC bank Singapore.

HSBC Personal Loan Rates:
Effective interest rate of 13.8% p.a. for loan tenor of two, three and four years (nominal interest rates of 7.5% p.a., 7.57% p.a., and 7.68% p.a. respectively).

Effective interest rate of 15% p.a. for loan tenor of five, six, seven years (nominal interest rates of 8.55% p.a., 8.71% p.a., and 8.87% p.a. respectively).

Effective interest rates are calculated based on daily reducing balance method, and nominal interest rates are calculated based on front-end add-on method.

A HSBC personal loan rates processing fee of 1.5% of the approved loan amount or S$50, whichever is higher, is applicable for all approved person loan applications.

HSBC personal loan rates are subject to change at any time.

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