QRScanner
Credit Card in UAE

HSBC Credit Card Loan

Credit Card with
Cashback and Rewards
  • Cashback up to AED 2,000
  • Rewards + Welcome Offers
  • No Annual Fee
  • Travel benefits
  • Dining Discounts
  • Entertainment Benefits

Best credit cards with 0 Annual fee*

Search your City
  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ras Al Khaimah
  • Ajman
  • Other

HSBC is one of the leading banking and financial solutions providers worldwide. In 1946, the bank established its first branch and opened its doors to the citizens of the UAE. It offers an exclusive range of banking products, including bank accounts, credit cards, loans, fixed deposits and more.

HSBC credit cards are well known for their exciting deals and discounts on dining, lifestyle, entertainment, travel and more. These cards offer various other features and benefits like loans, cash in advance, purchase protection, extended warranty, balance transfers and more to help cardholders deal with their financial needs. 

In this post, we will help you learn how HSBC credit card loans work and how you can apply for the same with great ease. 

What is an HSBC Bank Credit Card Loan?

HSBC credit card loan is an amount the bank provides to its cardholders against their available or total credit limit. The loans against HSBC credit cards are unsecured loans and the cardmembers do not need to provide any security to apply for them.

The bank offers various modes of application for cardmembers to easily apply for their preferred type of credit card loan. However, not all HSBC Bank credit card members can apply for a credit card loan. They need to have a good credit report and meet certain eligibility criteria set by the bank.

The bank informs the applicants about their eligibility status by sending an SMS on their registered mobile number or an email to their registered email address. Let us go ahead and check out the types of HSBC credit card loans that you can apply for.

Credit Score - Policybazaar uae

Types of HSBC Bank Credit Card Loans

Here are the types of HSBC Bank credit card loans that the applicants can opt for. 

  • Instant Cash Loan
  • Cash in Advance
  • Flexi Instalment Plans
  • Balance Transfers

Instant Cash Loan

HSBC Bank enables cardmembers to get an instant loan against their HSBC credit card. The loan amount can be even more than the total credit limit of the cardmembers. The HSBC instant credit card loans are unsecured and the cardmembers do not need to provide any security or collateral while applying for one. 

The cardmembers can convert the loan amount into monthly EMIs based on their preferences and make easy repayments while managing other financial requirements.

Particulars

HSBC Bank Credit Card Cash Loan Details

Eligibility

HSBC Bank credit card loan offers are not for all cardmembers. The bank checks the credit history and informs the cardmembers about their eligibility via SMS or email.

Documentation

No additional documents are required for pre-approval.

Interest Rate

HSBC Bank credit card loan interest rates are communicated by the bank.

Cash in Advance

HSBC Bank’s cash in advance facility enables cardmembers to withdraw cash against the available credit limit on their HSBC credit card. They can use any of the HSBC ATMs or visit the bank’s branch to withdraw the required loan amount. The bank enables cardmembers to convert the borrowed amount into monthly EMIs and make easy repayments. The cardmembers can call the bank’s helpdesk, log in to the online banking portal, or visit the branch to avail of this service.

Particulars

HSBC Bank Credit Card Cash Loan Details

Eligibility

HSBC Bank credit card loan offers are not for all cardmembers. The bank checks the credit history and informs the cardmembers about their eligibility via SMS or email.

Documentation

No additional documents are required for pre-approval.

Loan Tenure

Up to 48 months

Interest Rate

HSBC Bank credit card loan interest rates are communicated by the bank.

Processing Fee

3 per cent (3.15 per cent inclusive of VAT) of the total amount or AED 100 (AED 105 inclusive of VAT) (whichever is higher)

Flexi Instalment Plans

HSBC Bank credit card enables card members to convert their high-value purchases amount into easy monthly EMIs at low interest rates. The cardholders can first make a purchase and then call the bank’s helpdesk to convert the same into monthly instalments. The best part about this service is that that bank charges no processing or early settlement fee for such requests. 

Particulars

HSBC Bank Credit Card Cash Loan Details

Eligibility

HSBC Bank credit card loan offers are not for all cardmembers. The bank checks the credit history and informs the cardmembers about their eligibility via SMS or email.

Documentation

No additional documents are required for pre-approval.

Loan Tenure

Up to 36 months

Interest Rate

HSBC Bank credit card loan interest rates are communicated by the bank.

Balance Transfers

HSBC Bank enables cardmembers to avail of a balance transfer facility to meet their financial requirements. With this service, they can consolidate and transfer another bank credit card’s outstanding amount to the HSBC bank credit card. Once done, they can convert the total outstanding amount into monthly EMIs and make convenient repayments. This helps them get rid of their debts while managing their finances efficiently. 

The credit card members can contact the bank’s help and support team or log in to their online banking portal to avail of the balance transfer service. The bank may take two working days to process the request.

Particulars

HSBC Bank Credit Card Cash Loan Details

Eligibility

HSBC Bank credit card loan offers are not for all cardmembers. The bank checks the credit history and informs the cardmembers about their eligibility via SMS or email.

Documentation

No additional documents are required for pre-approval.

Loan Tenure

Up to 24 months

Interest Rate

HSBC Bank credit card loan interest rates are communicated by the bank.

Processing Fee

(a) 6 months plan - 1.50 per cent (1.58 per cent inclusive of VAT) of the balance transfer amount or AED 100 (AED 105 inclusive of VAT) (whichever is higher)

(b) 12 months plan – 3.00 per cent (3.15 per cent inclusive of VAT) of the balance transfer amount or AED 100 (AED 105 inclusive of VAT) (whichever is higher)

(c) 24 months plan – 6.00 per cent (6.30 per cent inclusive of VAT) of the balance transfer amount or AED 100 (AED 105 inclusive of VAT) (whichever is higher)

Loan Disbursal Time

2 working days

Foreclosure fee

AED 0

discount offers - Policybazaar uae

How to Apply for a Loan Against HSBC Bank Credit Card?

Here are the major ways that applicants can use to apply for an HSBC Bank credit card loan.

  • Bank’s Branch
  • Online Banking
  • Mobile Banking App
  • Phone Banking
  • Bank’s Website

Bank’s Branch

The applicants can visit one of the nearest HSBC bank branches to apply for a credit card loan. They need to fill the application form at the branch and follow the instructions to complete the HSBC Bank credit card loan application form. The applicants do not need to carry any additional documents to the branch. However, they need to show their credit card, provide identity proof and verify their signature to complete the application. 

Online Banking

The credit card members can also log in to their online banking portal to apply for an HSBC credit card loan. In the portal, they need to go to the requests tab in the credit cards section and place a request for the loan in just a few clicks. The cardmembers can check the rate of interest, loan tenure options, and other things in the same section. This helps them make an informed financial decision based on their financial needs. 

Mobile Banking App

HSBC Bank credit card members can also log in to the bank’s mobile banking app and apply for a credit card loan without any hassle. All they need to do is fill in the application form and provide details like the loan amount, monthly income, preferred mode of disbursement and more in the application form. The cardmembers may need to go through a verification process where they need to show their identity proof and verify their signature before the loan application gets approved. 

Phone Banking

The credit card members can also use the phone banking facility to apply for an HSBC credit card loan against their credit card. They can call the bank’s help and support line at 800 VOICE (86423) and speak to one of the bank’s representatives for further assistance. With this mode of request, it takes around two working days from the date of approval for the bank to disburse the loan. 

Bank’s Website

HSBC Bank credit cardholders can also visit the bank’s website and fill in the online application form to apply for a loan against their credit card. Once done, they need to wait for one of the bank representatives to contact them and process the loan request depending upon their eligibility.

Modes of Disbursal of HSBC Bank Credit Card Loan

Here are the modes of disbursal of an HSBC Bank credit card loan.

  • HSBC Bank Account
  • Non-HSBC Bank Account
  • ATMs/CDMs
  • Cheque via Email/Post

HSBC Bank Account

The existing HSBC bank account holders can provide their account details in the loan application form and get the loan amount disbursed into the same. The bank takes up to two working days to complete the procedure.

Non HSBC Bank Account

The non-HSBC account holders can get the loan amount disbursed into their external bank accounts. They need to provide their bank account details in the application form and inform the bank about their preferred loan disbursement mode. The bank may charge an additional fee for such transactions.

ATMs/CDMs

HSBC Bank credit card members can also get the loan amount added to their credit card. They need to mention the mode of disbursal in the loan application form. Once the loan gets approved and the amount gets disbursed by the bank, the credit card members can use their credit card at one of the bank’s ATMs and withdraw the loan amount with great ease.

Cheque via Email/Post

The borrowers can opt for a loan disbursement through a cheque. The HSBC bank sends such cheques to the cardmembers’ registered email or postal address. The cardmembers need to select the cheque option for the loan disbursement in the application form.

discount offers - Policybazaar uae

How to Repay HSBC Bank Credit Card Loans?

Here are a few simple ways through which applicants can repay their HSBC credit card loan with great ease.

  1. Bank Account
  2. Online Banking
  3. Mobile Banking
  4. Exchange House
  5. Bank’s Branch

Bank Account

Based on their financial preferences, HSBC credit card members can repay their loan instalments using an HSBC bank account or even an external bank account. They need to log in to their bank’s online banking portal and add the loan account number as a beneficiary. Once done, they can make quick loan EMI payments in just a few clicks. 

Online Banking

If HSBC credit card loan borrowers have a bank account with HSBC bank, they can simply log in to their online banking account and make hassle-free loan EMI payments in no time. All they need to do is log in to their internet banking account using their HSBC banking credentials, go to the credit cards section and choose the suitable option to make the loan EMI repayment. 

Mobile Banking

HSBC credit card loan borrowers can also use the bank’s mobile app to make their loan repayments. All they need to do is download the app from their preferred app store and sign up on the same using their credit card details. Once done, they can go to the credit cards section in the app and make their loan repayments with great ease. 

Exchange House

HSBC Bank credit card members can go to one of the exchange houses affiliated with HSBC Bank in the UAE. They can make quick and easy loan repayments at these exchange houses. All they need to do is get in touch with one of the representatives at the exchange house and pay their loan EMI via cash or cheque. The exchange houses may charge an additional fee for such transactions.

Bank’s Branch

The borrowers can also visit the nearest HSBC bank branch to make offline payments in case they do not have access to the internet. They need to provide their loan details to one of the bank’s representatives and make the payment in cash for the loan EMI repayment. The borrowers must collect a receipt for the payment made. 

Other Banks Credit Card Loan

Credit Card Loan
RAKBANK Credit Card Loan ADCB Credit Card Loan
ADIB Credit Card Loan Mashreq Credit Card Loan
Ajman Credit Card Loan Emirates NBD Credit Card Loan
Finance House Credit Card Loan FAB Credit Card Loan
DIB Credit Card Loan  

discount offers - Policybazaar uae

FAQ's On HSBC Credit Card Loans

What documents do I need to submit when applying for an HSBC credit card loan?

You do not need to submit any additional documents when applying for an HSBC credit card loan. All you need to do is provide your identity proof and verify your signature to complete the application.

How can I apply for an HSBC credit card loan?

There are various ways to apply for an HSBC credit card loan. You can either visit the bank’s branch or log in to the bank’s online or mobile banking portal to apply for your preferred type of HSBC credit card loan. The bank will check your eligibility depending upon the credit report and repayment history and will inform you about the same via an SMS or email.

Can all the HSBC Bank cardholders get a credit card loan?

HSBC Bank credit card loans are not provided for all cardmembers. Only the eligible applicants can get their loan applications processed and approved. Make sure you have good credit history before you apply for a loan against an HSBC credit card.

What are the factors that affect HSBC Bank credit card loan eligibility?

Your credit rating, changing income levels, loan repayment history, etc. are the major factors that affect the HSBC Bank credit card loan eligibility.

What are the extra charges levied on an HSBC Bank credit card loan?

The bank will charge a processing fee after approving the credit card loan. The types of charges may vary for different types of credit card loans.

Where can I get my loan amount disbursed?

You can get the loan amount disbursed into an HSBC or a non-HSBC bank account based on your choice. You need to provide your bank account details in the application form and inform the bank about the same while applying for the credit card loan.

Reviews & Ratings

4.7/5 (based on 10,200+google icon reviews)
More From Credit Cards
Recents ArticlesPopular Articles