HSBC Bank Loan Alternative
Apply nowGet your HSBC Bank loan alternative from Cashfloat
Looking for an HSBC loan UK with high acceptance rates? Cashfloat offers a fantastic alternative. Our brand new product – small personal loans with fast payout and flexible repayment terms provide a much higher chance of getting approved with poor credit than HSBC’s loans. Apply now for Cashfloat’s small personal loans and don’t let a less than perfect credit history get in the way of being approved for the loan you need!
How our HSBC Bank loan alternative works:
- Apply for your HSBC Bank loan alternative online.
- Get an instant lending decision after completing your application.
- Once approved, get your unsecured personal loan funded within an hour*.
- Make repayments online at convenient times.
How do HSBC Bank loans compare to Casfloat’s alternative?
HSBC and Cashfloat.co.uk are both FCA-authorised firms, but there are significant differences between our lending structures. HSBC will only approve customers with a good credit rating. Any small defect on your credit report can significantly impact your chances of being an eligible customer. If you apply for a small personal loan with Cashfloat, even with a poor credit history, you have a very high chance of approval. As a premium lender, we want to give everyone a fair chance at obtaining credit. As long as we can see that you can afford the repayments, we will happily fund you the loan.
| Feature: | HSBC Bank Loans | Cashfloat |
|---|---|---|
| Loan amounts | £1,000 to £25,000 | £1,000 to £2,500 |
| Loan duration | 1-5 years | 6 or 9 months |
| Instant decision | Only for existing customers | Yes, always |
| Same-day funding | Only for existing customers | Yes, funding in 1 hour* |
| Bad credit accepted | No | Yes |
| Set-up fees | No | No |
We always encourage our customers to research and compare all the credit options available to them. You can choose Cashfloat when you realise our offer is best suited for your needs.
Faqs about HSBC Bank loans:
How much can I borrow from HSBC?
Both existing and non-existing customers can borrow from £1,000 to £25,000 and spread your repayments over 1 to 5 years for loans of £15,000 and under, or over 1 to 8 years for loans over £15,000. If you are an existing HSBC customer, you may also be eligible for the premium personal loans where you can borrow from £1,000 – £50,000.
How much interest does HSBC charge on their loans?
The annual percentage rate that HSBC charge on their loans range from 3.3% – 21.9%. This will vary based on the amount borrowed.
Does HSBC have a personal loan calculator?
Yes, with HSBC’S calculator you can adjust the amount you want to borrow to see how much the monthly repayments could be on your loan. This is a handy tool to help you determine whether you can afford to take out a loan and how much you will be required to pay back each month.
What are the HSBC loan requirements?
To be eligible for a loan, you must meet the following HSBC personal loan criteria:
- have a bank or building society account with a Direct Debit
- have an annual income/pension before tax of £10,000 or more
- be over 18
- be a UK resident
Cashfloat alternative vs HSBC Bank loan
If you are looking for a personal loan that you don’t want to spend years repaying, small personal loans from Cashfloat versus an HSBC bank loan may be the perfect solution. Aside from the fact that our loans have much higher acceptance rates no matter your credit history, you will be able to finance your dream kitchen without having to make repayments for years to come. Apply now for a seamless personal loan experience and join over 100,000 happy customers who we have already helped!
Cashfloat is a trusted FCA authorised lender in the UK offering cheap unsecured personal loans between £1,000 and £2,500 over 6 or 9 months. As a leading direct lender, all our loans are processed, approved and funded by our expert team. They are available to assist you with any questions or difficulties you may experience at any point in the loan process. We are here to help you even if you have a poor credit history. If we aren’t able to fund you a loan ourselves, we are also a credit broker, and we will help you find another suitable lender who can better meet your needs. Apply now to experience the Cashfloat difference.
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