Eligibility Requirements
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Must be at least 18 years old
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Australian citizen, permanent resident, or eligible visa holder
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Minimum annual income of AUD $40,000
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Be an existing HSBC Australia customer for 12+ months, or hold an HSBC mortgage, or HSBC Premier status
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Have a good credit rating
HSBC Personal Loan Application Steps
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Check eligibility: Confirm income, residency, and HSBC relationship requirements.
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Apply online: Complete your application in around 10 minutes.
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Upload documents: Provide ID, income, and employment details securely online.
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Receive decision: HSBC will assess and send your offer if approved.
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Accept and finalise: Sign your contract and access your funds.
Frequently Asked Questions
How long does it take to get approved for an HSBC loan?
The online application takes about 10 minutes, and you can track your progress digitally.
Is it required to explain why credit is being used?
Yes. HSBC asks for a loan purpose such as car purchase, travel, renovation, or debt consolidation.
Do I need to have a good credit score to be approved for HSBC?
Yes. A strong credit profile is required to secure approval and the fixed rate of 12.99% p.a.
Can I apply for a loan if I am self-employed?
Yes. Self-employed applicants are eligible but must provide financial documentation such as tax returns.