HSBC Bank USA Personal Loan
in Personal Loans from HSBC Bank USA
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| Loan Amount | $3,000 - $50,000 |
| APR (Fixed APR) | Starting at 5.99% |
| Loan Term | 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 offered in 49 states (and Washington, DC).
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 personal loan APRs 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.
| 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.
| 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 are 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.
Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid checking account
- Proof of income
- Government issued photo ID
- Proof of identity
- Proof of residence
| 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 score.
Availability
- 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% |
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