How much can I borrow?
With a HSBC Personal Loan, borrow as much as P500,000, subject to approval.
What are the HSBC Personal Loan Requirements?
An applicant must fulfill HSBC’s eligibility criteria for a loan:
- At least 21 but below 60 years old upon loan maturity
- Must be a permanent resident in any of the HSBC pre-determined areas for at least 3 years.
- List of areas: Metro Manila, Metro Cebu, Bulacan, Cavite and Rizal, Pampanga, Davao City
- Must have a gross monthly income of:
- P10,000 for EPP members or for salaried/employed in Metro Cebu only
- P14,000 for all salaried/employed in all other areas
- P50,000 for self-employed
- For employed:
- 2 years combined employment with present or previous employer
- For self-employed:
- a minimum of 3 years business existence is a must
- Have any 2 of the following:
- Residential landline
- Office landline
- Mobile number
Consequently, after filling out an application form, the following documents are necessary:
Fully Employed applicants need:
- Latest Income Tax Return (ITR) or BIR Form and original pay slip (one whole
- month)
- Photocopy of valid photograph-bearing ID with proof of nationality and date of birth (i.e. Passport, Driver’s License or any Government-Issued ID such as PRC ID, SSS card type ID or BIR card type ID)
- Proof of residential address (PORA)
- Signed Terms and Conditions with Global Consent Clause
- If foreign national, any of the following additional documents will be required:(1) Copy of valid resident visa or; (2) Copy of valid non-resident visa considered by BSP as eligible for peso loans
Self-Employed applicants need:
- ITR and audited Financial Statement for the last 3 years (same business)
- SEC/DTI Certificate of Registration
- Business or Mayor’s Permit
- Photocopy of Valid ID (same as Employed)
- Bank statement for the past three months (at least one year active)
- Photocopy of valid photograph-bearing ID (Passport, Driver’s License, PRC ID) with proof of nationality and date of birth
- Proof of Residential Address (PORA)
- If foreign national, any of the following additional documents will be required: (1) Copy of valid resident visa or; (2) Copy of valid non-resident visa considered by BSP as eligible for peso loans
*Additional documents may be required during credit evaluation.