HSBC Balance Transfer
18.50%
Prevailing Interest Rate
S$ 150
Processing Fee
S$ 300
Min.Monthly Repayment
S$ 10,000
Loan Amount
6 Months
Loan Tenure
HSBC’s Personal Line of Credit account holders can now easily pay outstanding payables with Balance Transfers at 0% interest rate for 6 months. Account-holders can also enjoy a low 1.5% Processing Fee for Balance Transfers of at least $10,000.
ALL DETAILS
Key Features
- HSBC offers a 6-month interest-free (EIR: 3.26% p.a.) personal line of credit balance transfer with a processing fee of 1.50% for loans more than $10,000.
- The interest rate for balance transfers with a 12 month-repayment period is 4.88% p.a. with a waived processing fee.
- Minimum monthly repayment: 3% of your outstanding balance
- Low prevailing interest rate at 18.5%
- Maximum transfer amount up to 95% of the credit limit
Eligibility
| Citizenship Status | Singaporean / PR |
| Age Requirement | 21 – 65 years old |
| Minimum Annual Income | S$30,000 |
Other Fees and Charges
| Processing Fee | 1.5% of approved loan amount |
| Late Payment Fee | S$55 |
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