Personal Loan
Take the next step with the help of an HSBC Advance Personal Loan
| Loan amount | Interest rate | Repayment period | Loan buy-out facility | |
|---|---|---|---|---|
| Up to OMR 80,000* | 7.75% p.a. | From 12 to 120 months | Yes |
Here's what you get:
- Competitive interest rates - starting from 7.75% p.a.
- Loan amounts up to OMR 80,000*
- Eid Waiver Option - defer your monthly instalment up to 2 times a year during Eid
- Minimum balance waiver - Get an HSBC Current Account with no minimum balance requirement
More great benefits:
- 0.25% discount on standard rates*
- Flexible repayment periods - From 12 to 120 months
- Loan Buy-Out Facility - We have an easy process that will help you transfer your existing loan with another bank to HSBC
- Credit Life Protection - In case of an unfortunate event of loss of life or permanent disability, your loan will be covered completely
- Access to 24 / 7 Phone Baking
- Free HSBC cheque book
- Free access to Online Banking
- Zero Balance Current Account - No minimum balance requirement
You can apply for a HSBC Advance Personal Loan if:
- You're an Omani National or expatriate resident aged between 21 to 60 years
- You earn a minimum monthly salary of OMR 700
| PERSONAL LOAN | |
| Arrangement fee (new, top up and re-scheduling) | Nil |
| Loan insurance protection | 0.0375% of the loan amount |
| Early payment of loan | 1% of pre-paid amount |
| Issuance of certificates | OMR 2 |
| Instalment suppression fee | OMR 5 per suppression (except Eid Waivers) |
| REQUIRED DOCUMENTATION | |
| Application | Loan application & agreement form |
| Primary identification | Omani Nationals: identity card Expatriates: valid Passport with valid Visa and Resident card |
| Evidence of income | Pvt. Companies - Salary Transfer Letter (STL) in HSBC format Govt. Companies – Salary Transfer Letter in company format |
| Bank statement | New to bank customers: last 1 month’s bank statement showing one-credit salary |
| Liability letter (not more than 30 days old) | Required for buy-out only |
Realise your dreams, today
Ready to apply?
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