Personal Instalment Loan

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Personal instalment

What is unsecured loan?

An unsecured loan is one of the bank's loan products without collateral assets. The bank lets you get an unsecured loan based on your creditworthiness shown through income verification as well as credit verification.

Unsecured loans can be used for some purposes such as: personal usage, furniture purchase, home renovation, wedding, travel, or pay for other financial consumption needs.

For unsecured loans, the limit of each bank will be different. Loan amount could be up to 15 times of salary. The loan tenor is flexible, vary from 12 months to 60 months. Loan interest rates is dissimilar also. It is calculated based on the borrowed amount as well as your personal financial circumstances.

Why is this good for you?

Everyone's dreams and goals are different. HSBC Personal Instalment Loan could be the answer to achieving your dreams sooner and easier, with the flexibility that comes from an unsecured personal loan.

Quick disbursement within 48 hours
Loan amount of up to VND 900 million
Flexible loan tenors of up to 60 months
Simple and transparent application procedures
Interest calculated on a reducing balance

Special Promotion

(*) Cash back up to VND 4 Mil when applying for Personal Loan Cashback campaign from 22/12/2022 to 28/02/2023.

Full terms & conditions apply.

(**) Cash back of VND 150,000 when having 03 consecutive months of salary routed to HSBC Current Account during promotion period of 01/11/2022 - 30/04/2023

Conditions: Minimum salary amount received in account is VND 6,000,000/month. Full terms & condition apply

Explore the rates and fees

Fees for a Personal Instalment Loan
Fee type	Fee rate
Application fee	Free
Late payment interest rate	150% of applicable interest rate and charge on overdue principle
Early payment fee	3% on prepaid principle (only full repayment is allowed)

Fees for a Personal Instalment Loan
Fee type	Application fee
Fee rate	Free

Fee type	Late payment interest rate
Fee rate	150% of applicable interest rate and charge on overdue principle

Fee type	Early payment fee
Fee rate	3% on prepaid principle (only full repayment is allowed)

Example of interest calculation

We calculate the interest for our Personal Instalment Loan on a reducing balance. Here is an example for a VND 60 million loan over a 12 month term:

Fixed balance at interest rate of 9%p.a.
Month	Principle	Interest	Instalment
1	5,000,000	443,836	5,443,836
2	5,000,000	443,836	5,443,836
3	5,000,000	443,836	5,443,836
4	5,000,000	443,836	5,443,836
5	5,000,000	443,836	5,443,836
6	5,000,000	443,836	5,443,836
7	5,000,000	443,836	5,443,836
8	5,000,000	443,836	5,443,836
9	5,000,000	443,836	5,443,836
10	5,000,000	443,836	5,443,836
11	5,000,000	443,836	5,443,836
12	5,000,000	443,836	5,443,836
Total	60,000,000	5,326,027	65,326,027

Fixed balance at interest rate of 9%p.a.
Month	1
Principle	5,000,000
Interest	443,836
Instalment	5,443,836

Month	2
Principle	5,000,000
Interest	443,836
Instalment	5,443,836

Month	3
Principle	5,000,000
Interest	443,836
Instalment	5,443,836

Month	4
Principle	5,000,000
Interest	443,836
Instalment	5,443,836

Month	5
Principle	5,000,000
Interest	443,836
Instalment	5,443,836

Month	6
Principle	5,000,000
Interest	443,836
Instalment	5,443,836

Month	7
Principle	5,000,000
Interest	443,836
Instalment	5,443,836

Month	8
Principle	5,000,000
Interest	443,836
Instalment	5,443,836

Month	9
Principle	5,000,000
Interest	443,836
Instalment	5,443,836

Month	10
Principle	5,000,000
Interest	443,836
Instalment	5,443,836

Month	11
Principle	5,000,000
Interest	443,836
Instalment	5,443,836

Month	12
Principle	5,000,000
Interest	443,836
Instalment	5,443,836

Month	Total
Principle	60,000,000
Interest	5,326,027
Instalment	65,326,027

HSBC - Reducing balance at interest rate of 15.99%p.a.
Month	Principle	Interest	Instalment
1	4,576,165	788,548	5,443,568
2	4,763,722	727,370	5,443,568
3	4,799,962	665,387	5,443,568
4	4,840,852	602,590	5,443,568
5	4,868,533	538,968	5,443,568
6	4,984,294	474,509	5,443,568
7	5,020,310	409,203	5,443,568
8	5,088,488	343,039	5,443,568
9	5,166,818	276,006	5,443,568
10	5,213,838	208,091	5,443,568
11	5,312,600	139,284	5,443,568
12	5,364,418	69,573	5,363,325
Total	60,000,000	5,242,568	65,242,568

HSBC - Reducing balance at interest rate of 15.99%p.a.
Month	1
Principle	4,576,165
Interest	788,548
Instalment	5,443,568

Month	2
Principle	4,763,722
Interest	727,370
Instalment	5,443,568

Month	3
Principle	4,799,962
Interest	665,387
Instalment	5,443,568

Month	4
Principle	4,840,852
Interest	602,590
Instalment	5,443,568

Month	5
Principle	4,868,533
Interest	538,968
Instalment	5,443,568

Month	6
Principle	4,984,294
Interest	474,509
Instalment	5,443,568

Month	7
Principle	5,020,310
Interest	409,203
Instalment	5,443,568

Month	8
Principle	5,088,488
Interest	343,039
Instalment	5,443,568

Month	9
Principle	5,166,818
Interest	276,006
Instalment	5,443,568

Month	10
Principle	5,213,838
Interest	208,091
Instalment	5,443,568

Month	11
Principle	5,312,600
Interest	139,284
Instalment	5,443,568

Month	12
Principle	5,364,418
Interest	69,573
Instalment	5,363,325

Month	Total
Principle	60,000,000
Interest	5,242,568
Instalment	65,242,568

Although the interest paid on the reducing balance loan appears higher, it is actually less than the interest paid on the fixed balance loan, due to different interest calculation methods.

The above interest rate is for illustration purpose only and changeable according to market situation.

To be diligent, you should always ask for the effective rate or the total interest payable of your loan.

Eligibility and required documents

Vietnamese citizens who have long-term residence in: Hanoi, Ho Chi Minh City, Dong Nai, Binh Duong, Long An, Ba Ria - Vung Tau, Tay Ninh, Bac Ninh, Vinh Phuc, Hung Yen, Hai Duong, Hai Phong, Danang, Hoi An City, Tam Ky (Quang Nam), Hue City (Hue).
Age from 18 to 60.
Monthly net salary from and above VND 8 million with employment of at least 1 year.
Salary paid to a bank account.

Personal Instalment Loan application form (original copy).
ID card (a certified copy or the original ID to be crosschecked at the Bank. The date of issuance of the ID card must not exceed 15 years with identifiable details and photo).
In case the current residence address is the SAME as the address on the household registration book: household registration book (a certified copy or the original copy to be crosschecked at the Bank). If the address is different, the KT3 (a certified copy or the original copy to be crosschecked at the Bank) is required in addition to the temporary residence (original copy with the seal and signature of the local authorities. The date of the certification must not exceed one month).
Employment contract with the signing date of over one year (a certified copy or the original copy to be crosschecked at the Bank), or the certification letter of the applicant's position, employment duration and salary (original).
Bank statement (original) which reflects the salary of the last three months.
The most recent telephone bill of the current residential address (or water supply bill or electricity bill).

How to apply

Please make sure you have carefully read the information under the "Eligibility and required documents" and Terms and Conditions of PIL.

Apply online

Apply now for HSBC Home Personal Instalment Loan This link will open in a new window

Apply by phone

Call us on:

(84 28) 37 247 247 (the South)

(84 24) 62 707 707 (the North)

Lines are open 8am to 10pm daily.

Frequently Asked Questions

The current applicable lending interest rates are posted on our public website at https://www.hsbc.com.vn/en-vn/help/rates-and-fees/. Please contact our Contact Center or visit any HSBC branch or transaction office for further support.

The loan amount will be reviewed and approved mainly based on the income, other lending liability and credit history. The loan amount can be up-to VND 900 million. Please contact our Contact Center or visit any HSBC branch or transaction office for further support.

Borrowers may submit a request for loan prepayment (for full settlement only, partial prepayment is not allowed). Subject to the Bank’s approval, Borrower must repay in full the principal plus any accrued interest and fee (if any) in VND on the requesting date. Besides, Borrowers will have to pay an early repayment fee as provided in the credit agreement, on the current outstanding principle.

Customer may contact any of our Branches/Transactional Offices for assistance or our Hotline at (84 28) 37247247 for advice.