Explore a similar product
Try this top product in Personal Loans.
| Community Rating |
Rating not yet determined |
| 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).
- 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.
| Pros | Cons |
|---|---|
|
|
What interest rates and personal loan terms does HSBC personal loan offer?
HSBC personal loan has lower than average interest rates 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?
Business loan amounts start at $3,000 and go up to $50,000.
What is the maximum loan term you can get with HSBC personal loan?
HSBC personal loan offers loans with terms of up to 60 months.
| 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?
No, HSBC personal loan will not charge you a late 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.
| Origination Fee | 0% |
| Prepayment Fee | No |
| Late Payment Fee | No |
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
| 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.
Contact
- Headquarters
-
425 Fifth Avenue
New York, NY 10018 - Visit Site
- Email Support
Other Services by HSBC Bank USA
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% |
HSBC Bank USA Personal Loan Community Reviews
Would you recommend HSBC Bank USA Personal Loan to your friends?
Other Personal Loans
- Chorus Credit Personal Loans
- Earnest Personal Loans
- Fast 5k Loans
- Figure Personal Loans
- First Security Bank of Bozeman Personal Loan
- Fortiva Personal Loans
- Laurel Road Personal Loans
- Members 1st Credit Union Personal Loan
- PenFed Credit Union Personal Loans
- TD Bank Personal Loans
- Visions Federal Credit Union Personal Loans
- Zippyloan Personal Loans
