HSBC in the Philippines

HSBC Holdings plc is one of the largest financial conglomerates in the world, the largest bank in the UK in terms of assets and market capitalization. In the ranking of the largest public companies in the world, Forbes Global 2000 gave it the 17th place in 2018, and the 52nd place in the list of […]

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HSBC PH - Personal Banking, Credit cards, and Loans https://upfinance.com/app/uploads/2019/07/hsbc-bank.jpg
7 / F HSBC Center, 3058 Fifth Avenue West Bonifacio Global City, Taguig City 1634 Philippines
(02)8858-0000 from Metro Manila +1-800-1-888-8555 domestic toll-free for calls outside Metro Manila through PLDT landlines, customer.care.team@hsbc.com.
Interest rate 0.63% - 1.19%
Loan tenure from 6 to 240 months
Approval duration Up to 168 hours
Min. monthly income

Leading

Mark Tucker (Group Chairman) Jonathan Symonds (Deputy Group Chairman) John Flint (Group Chief Executive)

Shareholders

Almost all HSBC shares are in free float. The market capitalization of the bank as of August 2018 is $ 185.4 billion. The company has more than 200 thousand shareholders in 130 countries and territories. The largest shareholders for 2018: Ping An Asset Management Co., Ltd. — 5,05 %; BlackRock Investment Management (UK) Ltd. — 2,8 %; Legal & General Investment Management Ltd. — 2,2 %; The Vanguard Group, Inc. — 1,89 %; Norges Bank Investment Management — 1,84 %; BlackRock Advisors (UK) Ltd. — 1,03 %; SSgA Funds Management, Inc. — 1,01 %; Aberdeen Asset Investments Ltd. — 1 %; Standard Life Investments Ltd. — 0,86 %; HSBC Global Asset Management (UK) Ltd. — 0,73 %.

Product Features

Min. financing amount ₱ 10000
Max.financing amount ₱ 10000000
Min. loan tenure 6 months
Max. loan tenure 240 months

Credit

Home loan

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Exclusive for Premier and Advance banking depositors only
Interest rate repricing period:  1 year 7.5% 2 years 8.3% 3 years 8.75% 5 years 9.75%
Minimum loan amount: 700 000 PHP
Maximum loan amount: 50 000 000 PHP
Payment terms: 5-20 years
Approval time: 5 banking days

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Personal loan

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Effective Rates: 14.29% APR; 1,19% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: 250 000 PHP
Payment terms: 6-36 months
Processing Fee: 1 500 PHP
Approval time: within 5 banking days

Calculate loan

 

Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Credit fees and rates

  • Processing fee: PHP 1,500 (deducted from loan amount); PHP750 for a loan term of 24 and 36 months
  • Late payment fee: 36% per annum upon late payment
  • Change fee: PHP500.00 for change after drawdown (to change credit details)
  • Explosive cost: calculated in accordance with the description on the HSBC website and in the HSBC
  • Simple Guide to Banking Services and Charges (with early loan repayment) 0.75% of the loan amount (deducted from the loan amount).
  • Loan amounts up to 250,000 Php, which are used for personal purposes, are exempt from DST

Borrower Requirements

Eligibility: 
– Be a permanent resident of the Philippines for at least 3 years in any of the areas where the EPP Company maintain offices
– Be above 21 but below 60 years old upon loan maturity
– Must be a regular employee of the EPP Company
– Have any 2 of the following: Residential landline, Office landline, Mobile Phone Number
Minimum gross monthly income:
– 10 000 PHP for applicants in Luzon and Metro Manila
– 8 000 PHP for applicants in Visayas and Mindanao

Credit Card

HSBC Platinum Visa Credit Card

Enjoy up to 4 times rewards and travel.
You should have the following:

Existing primary credit card issued on-site, owned for at least 12 months
Minimum annual revenue of 500,000 PHP for HSBC Platinum Visa

HSBC Gold Visa Cash Back Credit Card

Earn 5% cash back on restaurant transactions and 0.50% cash back on all your other transactions.
You should have the following:

Existing primary credit card issued on-site, owned for at least 12 months
Minimum annual income of 200,000 PHP for HSBC Gold Visa Cash Back

HSBC Red Mastercard Credit Card

Get 4x bonus points when shopping at local and foreign stores and restaurants.
You should have the following:

Existing primary credit card issued on-site, owned for at least 12 months
Minimum annual income of 200,000 PHP for Red Mastercard

Loan Installment

FAQ

The longest loan period is 20 years.

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Since this type of loan is associated with large amounts of money and a large volume of documents, the term for making a decision by the Bank depends on two stages of verification. First, the Bank will check your solvency, this stage takes no more than 5 working days on average. Then the Bank will need to check the documents for the land or property you are buying, as well as make an assessment of it.

Send an application

There is no single solution. If you need the lowest monthly payment, then take loan for the maximum possible period. If you are not sure that you will have a consistently high income, then take as little time as possible.

Send an application

On average, initial approval of a Personal credit application can be done from 10 minutes to 1 day. Final approval takes on average from 24 hours to 5 days. You just need to make sure your documents are completed when you submit them.

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Credit funds can be issued immediately after the application is approved or 1-3 banking days after a successful phone check.

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You do not require any collateral or guarantor to apply for a Personal loan.

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The longest loan period is 36 months.

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Contacts

  Monthly installment Supplement per month Effective interest rate per month
6 months 7,166.67 1.25% 2.11%
12 months 3,633.33 0.75% 1.35%
24 months 1,966.67 0.75% 1.37%
Full company name HSBC PH - Personal Banking, Credit cards, and Loans
Address 7 / F HSBC Center, 3058 Fifth Avenue West Bonifacio Global City, Taguig City 1634 Philippines
Phone number (02)8858-0000 from Metro Manila +1-800-1-888-8555 domestic toll-free for calls outside Metro Manila through PLDT landlines
E-mail customer.care.team@hsbc.com.
Social networks

HSBC Holdings plc is one of the largest financial conglomerates in the world, the largest bank in the UK in terms of assets and market capitalization. In the ranking of the largest public companies in the world, Forbes Global 2000 gave it the 17th place in 2018, and the 52nd place in the list of the most expensive brands. In 2017, ranked 7th in the list of the largest banks in terms of assets.
The HSBC retail network includes approximately 3,900 branches in 67 countries in Asia, Europe, North America.
Shareholders
Almost all HSBC shares are in free float. The market capitalization of the bank as of August 2018 is $ 185.4 billion. The company has more than 200 thousand shareholders in 130 countries and territories.

Users rating

Reviews

7 months ago

HSBC helped me start my business.

Since I wanted to get older, I decided to take a loan for investment. The process was simple and they could take care of me. Now my established business is growing slowly. I am very grateful to HSBC, I wish you many more useful people.

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