Can this loan be used for debt consolidation? Yes, this loan can be used for debt consolidation, including credit card debt consolidation and consolidating other loans. This lender offers low interest rates for individuals with good or fair credit scores, making it an attractive option for credit card debt consolidation.
Also Read: Upstart: Most trusted debt consolidation Lender in 2023
HSBC Personal Loan Overview
The HSBC was the Bank now which was established in 1865 as Hongkong and shanghai bank corporation, Today it is one of the world’s largest banks.
In the united state, it is a full-service bank and it offers different products like credit cards, insurance, personal loans, and home loans.
Pros
- Loan amount starting from $3,000 – $50,000
- Soft Pull Credit check available
- HSBC offers no pre-payment panalty & charge no origination fees.
- Offers Instant Funding as same business day.{alertSuccess}
Cons
- HSBC dont offers joint and secured loan options.
- HSBC does not offer direct payment to creditors with debt consolidation loans.
- Reports payments to only two of the three major credit bureaus. {alertError}
Can Be Used as Debt Consolidation Loan
HSBC offers personal loans for many purposes such as debt consolidation, home improvements, and big purchases. So if you are looking for a big loan amount then HSBC can be the best option for you if you have a bad credit score.
Annual Interest Rate and Fees
The Annual Percentage Rate (APR) for HSBC personal loans is 5.99-17.99%. Which will depend upon your credit score, credit history, and other factors.
Minimum Credit Score Required
Offered Loan Amount
Eligibility Criteria
- You should be at least 18 years old
- You must be a United States citizen or have a US Visa
- You must have a valid active US bank checking account
- You have to provide a valid email address and a phone number
- Valid Identity Proof, VIsa
- Have to provide a DOB.
- Valid current mobile number and Email id.
- An active American bank account.
Repayments Terms
Example of the HSBC loan
Apply for HSBC :
Who is this loan good for
- Those who are already a customer of HSBC.
- Those who want instant funding
- People who want low-interest rate loans.
Editorial Note: MakeHelpOf does not receive any commission from any website or third-party advertisers. This is just a review article based on consumers’ experiences from the internet. It’s accurate to the best of our knowledge when it’s posted. Please read all the information carefully before you make any decision. {alertInfo}
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