HSBC stands out as one of a few lenders that provides details regarding its interest rates
HSBC offers the lowest guaranteed flat and effective interest rates for debt consolidation loans in Singapore. Additionally, it is currently waiving its application fee for online applicants, which is normally S$88 or 1% of the loan amount. While other lenders advertise lower rates than HSBC, they use vague language such as "as low as" that indicates that borrowers may actually be offered substantially higher rates. For this reason, HSBC stands out as one of a few lenders that provides details regarding its interest rates. Additionally, it offers the lowest rates among banks that guarantee interest rates published online.
Products mentioned by this review
HSBC Debt Consolidation Loan
HSBC's Debt Consolidation Plan aims to provide you with a refinancing program in order to consolidate all of your outstanding and existing unsecured credit facilties and includes a revolving credit facility to give you convenient mode for managing your daily financial needs.41
Providers mentioned by this review
HSBC Bank Singapore
HSBC, a bank that came into existence over a simple idea- a local bank catering to international needs, is now one of the largest banking and financial services organizations in the world. HSBC is one the earliest banks to be established in Singapore with its history dating back to 1877 when its founding members' The Hongkong and Shanghai Banking Corporation Limited, inaugurated its first branch on the island. For more than 150 years HSBC has been connecting customers to opportunities, enabling businesses to thrive and helping people to realize their ambitions by offering a comprehensive range of banking and financial services such as Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. HSBC today is an integral part of the financial sector of Singapore by serving more than 40 million customers, covering over 65 countries and territories in Europe, Asia, North America, and Latin America. Shares in HSBC Holding plc are held by around 200,000 shareholders in 125 countries or territories and it is listed on the London, Hong Kong, New York, Paris, and Bermuda Stock exchanges.no reviews5