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HSBC Debt Consolidation Loan

Make life simpler. One loan. One payment.

Why choose a debt consolidation loan from HSBC?


Tired of juggling? If you have different debts in different places at different rates needing to be paid at different times, it can feel overwhelming. Just keeping up with what to pay on which date can be tricky.

 

So, make a simple change. Consolidate what you have. Apply for an HSBC Debt Consolidation Loan. One loan. One rate. One fixed monthly payment every month. Borrow what you need, from $5,000 to $50,000 with flexible loans terms from 1 – 5 years. Stop the juggling and start living again. 

Interest Rates

from 

8.50% p.a.1

Fixed Rate

from 

9.06% p.a.

Comparison Rate

(^Comparison rate warning applies)

Receive funds fast in 4 easy steps

1.Get your rate in a minute

Enter your details to get a personalised rate. This will not impact your credit score.

2.Apply Online

Tell us how much you want to borrow and complete the application.

3.Verify yourself online

We can verify your identity and upload your documents online.

4.Receive the funds

Funds will be released to your account the next day upon approval of the loan and acceptance of your letter of offer.

Rates and fees – Debt Consolidation Loan

Rates and fees for a Debt Consolidation Loan

Rates and fees

Details

Fixed interest rate

from 8.50% p.a. to 16.99% p.a.1

Comparison rate(^Comparison rate warning applies)

from 9.06% p.a. to 17.53% p.a.

Establishment fee

$150

Monthly account servicing fee

$5

Early termination fee

$199

Rates and fees for a Debt Consolidation Loan

Rates and fees

Fixed interest rate

Details

from 8.50% p.a. to 16.99% p.a.1

Rates and fees

Comparison rate(^Comparison rate warning applies)

Details

from 9.06% p.a. to 17.53% p.a.

Rates and fees

Establishment fee

Details

$150

Rates and fees

Monthly account servicing fee

Details

$5

Rates and fees

Early termination fee

Details

$199

^The comparison rate is based on an unsecured loan of $30,000 over the term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Fees apply for other account services. Please refer to our current Personal Banking Booklet for full details.

Ready to apply for an HSBC Debt Consolidation Loan?

Who can apply

  • Must be over 18 and be an Australian resident
  • Earn at least $40,000 p.a.
  • Have a good credit rating

Information needed

  • Identification
  • Address details
  • Income and employment

What to expect

  • Complete a short form to know if you are eligible & get your personalised rate 
  • Get an instant response in 60 seconds
  • Track application and upload documents online

Debt Consolidation Loan FAQs

How long does it take to apply for an HSBC Debt Consolidation Loan?

You can apply online in around 10 minutes. You will then receive a response in around 60 seconds along with your indicative loan interest rate.

How can I see how my HSBC Debt Consolidation Loan application is progressing?

To follow the progress, please click here and use your application reference code. Alternatively, you can call 132 152, or use our Live Chat option.

How quickly will I receive the funds for my HSBC Debt Consolidation Loan?

Once approved, the funds from your Debt Consolidation Loan will be credited to your nominated account within 2-3 business days.

What are the fees associated with an HSBC Debt Consolidation Loan?

The following fees apply to an HSBC Debt Consolidation Loan:

  • $150 Establishment Fee.
  • $5 Monthly Servicing Fee.
  • Early Termination1 Fee.

These fees are applied to the loan balance and form part of your fixed monthly repayment. Fees apply for other account services. Please refer to our current Personal Banking Booklet guide for full details.

Apply for an HSBC Debt Consolidation Loan

Ready to Apply

By clicking on Get started, you will be taken to a short form hosted by our partner Equifax, to determine your Equifax Score Band and the indicative interest rate you could be eligible for.

Want to talk later?

Fill in our short online enquiry form and one of our Consultants will be in touch within 2 business days.

Important information

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All applications are subject to HSBC lending criteria. Personal Loan Terms (PDF, 684 KB)Personal Banking Booklet (PDF, 1.50 MB) apply.

1 Rate is applicable to new applications received from: 2 September 2019 (and subject to change). Interest rates range from 8.50% p.a. to 16.99% p.a. and is based on the applicant’s individual Equifax Score Band and may be different to the lowest advertised interest rate. Early termination fee does not apply in the last 6 months of the loan term.

HSBC have partnered with Equifax who is an Australian consumer credit reporting body. When obtaining your Equifax Score Band, a soft credit check is performed which will not impact your credit rating.