HSBC Personal Loan for Debt Consolidation

HSBC offers personal loans from £1,000 to £30,000 with a representative 6.5% APR on mid-range amounts. Can be used for debt consolidation with terms up to 8 years.

Last checked on September 4, 2026. We may earn a commission when you click through.

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✓ 6.5% representative APR on £7,500–£20,000 ✓ Terms up to 8 years for loans over £15,000 ✓ Free overpayments with no charges
Representative APR Amount Term Type
3.3–21.9% £1k–£30k — debt_consolidation
Best For

HSBC customers who want a straightforward consolidation loan with longer repayment terms and free overpayments.

Pros & Cons

Pros
  1. ✓ 6.5% representative APR on £7,500–£20,000
  2. ✓ Terms up to 8 years for loans over £15,000
  3. ✓ Free overpayments with no charges
  4. ✓ No arrangement fee
Cons
  1. ✗ Must have annual income of £10,000+ to apply
  2. ✗ Joint loans only available by phone
  3. ✗ Not available to Basic Bank Account holders

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