Personal Loan
Fast-track your goals, with an HSBC Premier Personal Loans
| Loan amount | Interest rate | Repayment period | Loan buy-out facility |
|---|---|---|---|
| Up to OMR80,000* | 7.50% p.a.* | From 12 to 120 months | Yes |
The essentials
Here's what you get:
- Most competitive interest rates- starting from 7.50% p.a*
- Loan amounts up to OMR80,000*
- 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:
- 0.50% 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 with an additional Loan Buy-Out Facility
- Credit Life Protection - In case of an unfortunate event of loss of life or permanent disability, your loan will be covered completely
- Zero balance current account - No minimum balance requirement
- Free access to Online Banking
- Free HSBC cheque book & debit card*
- Access to 24/ 7 Phone Banking
You can apply for a HSBC Premier Personal Loan if:
- You're an Omani National or expatriate resident aged between 21 to 60 years
- You earn a minimum monthly salary of OMR4000 or are a Premier Customer
| 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 | OMR2 |
| Instalment suppression fee | OMR5 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 |
Get what you want, today
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