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
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:
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 |
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 |
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 |
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
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
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Frequently Asked Questions
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