HSBC Personal Instalment Loan

Let HSBC help you achieve your goals and enjoy life to the fullest.

Benefits

  • Quick disbursement within 48 hours
  • Loan amount up to VND 500 million
  • Flexible loan tenors up to 60 months
  • Simple and transparent application procedures
  • Interest calculated on a reducing balance
    See example calculation in table below.

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 criteria

  • 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

Required documents

  • 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) 

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.

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