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  HSBC Bank USA Personal Loan

HSBC Bank USA Personal Loan

in Personal Loans from HSBC Bank USA

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HSBC Bank USA Personal Loan

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in Personal Loans from HSBC Bank USA

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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APR  (Fixed APR) Starting at 5.99%
Loan Amount $3,000 - $50,000
Loan Term (Months) 24 - 60 months

HSBC Bank USA Personal Loan Review

HSBC Bank USA Personal Loan is offered by HSBC Bank USA, a bank founded in 1865 and based in New York, NY. HSBC Bank USA Personal Loan is available in 49 states (and Washington, DC).

Key Takeaways
  • APRs starting at 5.99%. Personal loan interest rates typically range between 5% and 36%. The starting rates for HSBC Bank USA Personal Loan are on the lower end of the spectrum.
  • Fast access to funds. In some cases you can get your money within 1 business day.
  • Large loan amounts. You can apply for loan amounts of up to $50,000 with HSBC Bank USA Personal Loan.
  • Prequalified rate. You can check your prequalified rate at HSBC Bank USA with a soft pull that will not affect your credit score.
  • No origination fee. HSBC Bank USA Personal Loan does not charge a loan origination fee.
HSBC personal loan Pros & Cons
Pros Cons
  • Low APRs available to qualified borrowers.
  • $0 prepayment fee.
  • $0 origination fee.
  • Considers applicants with fair credit.
  • Funding available within 4 business days.
  • Charges a late fee.
HSBC personal loan FAQ

What interest rates and personal loan terms does HSBC personal loan offer?

HSBC personal loan has lower interest rates than the average for lenders reviewed on SuperMoney.

What interest rates does HSBC personal loan offer?

HSBC personal loan offers a fixed APR personal loan product that starts at 5.99% APR.

How much can you borrow via HSBC personal loan?

Loan amounts start at $3,000 and go up to $50,000

What is the maximum personal loan term you can get with HSBC personal loan?

HSBC personal loan offers loans with terms ranging from 24 to 60 months.

HSBC personal loan Interest Rates & Loan Terms
Personal Loan Amount $3000 - $50000
Loan Term 24 - 60 months
APR Starting at 5.99%

What fees does HSBC personal loan charge?

Does HSBC personal loan charge an origination fee?

HSBC personal loan does not charge a personal loan origination fee.

A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does HSBC personal loan charge a late fee?

Yes, HSBC personal loan may charge borrowers a late payment fee if you miss one of the monthly payments.

Does HSBC personal loan charge prepayment fees?

No, HSBC personal loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

HSBC personal loan Fees
Origination Fee 0%
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for HSBC Bank USA Personal Loan?

Applicants with a credit score of at least 650 and up to 850 may be eligible for HSBC Bank USA Personal Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

HSBC Bank USA Personal Loan does not have or does not disclose a minimum annual income eligibility requirement. HSBC Bank USA Personal Loan only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via HSBC Bank USA Personal Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by HSBC Bank USA Personal Loan. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid personal checking account
  • Proof of income
  • Recent bank statements
  • Government issued photo ID
  • Proof of identity
  • Proof of residence
HSBC personal loan Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Credit Score 650 - 850

What is the estimated funding time for a personal loan via HSBC personal loan?

HSBC personal loan will typically approve (or deny) a loan application within 1 hour and fund loans within 4 business days of approval.

Does HSBC Bank USA Personal Loan report your account activity to credit bureaus?

Yes, HSBC Bank USA Personal Loan reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 10:00am - 4:00pm
  • Tuesday 10:00am - 4:00pm
  • Wednesday 10:00am - 4:00pm
  • Thursday 10:00am - 4:00pm
  • Friday 10:00am - 4:00pm
  • Saturday 9:00am - 1:00pm

Other Services by HSBC Bank USA

Availability

  Available in 49 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wyoming

Feature Breakdown

No Origination Fee
No Prepayment Fee
Origination Fee ($) $0
Origination Fee (%) 0%
Checking Account Required
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Age 18
Supported Income Types
  • 1099 Misc. Income
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Tax Returns
Verification Documents Required
  • Government Issued Photo ID
  • Proof of Identity
  • Proof of Income
  • Proof of Residence
  • Recent Bank Statements
Credit Score Range 650 - 850
Approval Speed 1 hour
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Funding Time Range 1 - 4 days
Payment Options
  • Automatic Payments
  • Bank Transfer
  • Cash
  • Check by mail
  • Credit/Debit Card
  • Storefront
Pre-Approved Soft Credit Inquiry
Loan Amount $3,000 - $50,000
APR (Fixed APR) Starting at 5.99%
Loan Term 24 - 60 months

HSBC Bank USA Personal Loan Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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