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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

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Highlights
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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.
  • Prequalifed 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 Bank USA 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 Bank USA Personal Loan FAQ

What rates and terms does HSBC Bank USA Personal Loan offer?

HSBC Bank USA Personal Loan has lower interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does HSBC Bank USA Personal Loan offer?

HSBC Bank USA Personal Loan offers a fixed APR personal loan product that starts at 5.99% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

How much can you borrow via HSBC Bank USA Personal Loan?

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

What can a personal loan from HSBC Bank USA Personal Loan be used for?

Personal loans from HSBC Bank USA Personal Loan are typically used for special purchases or similar purposes.

What is the maximum loan term you can get with HSBC Bank USA Personal Loan?

HSBC Bank USA Personal Loan offers personal loans with terms ranging from 24 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

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

What fees does HSBC Bank USA Personal Loan charge?

Does HSBC Bank USA Personal Loan charge an origination fee?

HSBC Bank USA Personal Loan does not charge a loan origination fee.

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

Does HSBC Bank USA Personal Loan charge a late fee?

Yes, HSBC Bank USA Personal Loan may charge borrowers a late payment fee.

Does HSBC Bank USA Personal Loan charge prepayment fees?

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

HSBC Bank USA 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
  • Government issued photo ID
  • Proof of identity
  • Proof of residence
HSBC Bank USA 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 Bank USA Personal Loan?

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

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

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 can 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

  • Headquarters
  •   425 Fifth Avenue
    New York, NY 10018
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:00pm
  • Tuesday 8:30am - 5:00pm
  • Wednesday 8:30am - 5:00pm
  • Thursday 8:00am - 6:00pm
  • Friday 8:30am - 5:00pm
  • 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
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
  • Tax Returns
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Proof of Residence
  • Government Issued Photo ID
  • Recent Bank Statements
Credit Score Range 650 - 850
Approval Speed 1 hour
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 - 4 days
Payment Options
  • Automatic Payments
  • Check by mail
  • Storefront
  • Credit/Debit Card
  • Bank Transfer
  • Cash
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

+100%

-100% 0% +100%
No one recommends Everyone recommends

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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