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Organization Name : HSBC Bank Australia Limited
Facility Name : Apply For Education Loan
State : Sydney
Country : Australia
Website : https://www.hsbc.com.au/loans/products/education-loan/
HSBC Apply For Education Loan
Looking to take the next step in your career? Or a new career direction? Whatever your study goal, set yourself up the right way to make the most of your professional development.
With an HSBC Education Loan, you can be confident you have your tuition, books and materials, even accommodation expenses covered. One fixed monthly repayment allows you to spend your time focussing on your study.
Borrow what you need, from $5,000 to $50,000 with flexible loans terms from 1 – 5 years. When it comes to investing in yourself, our education loan makes it simple.
Who Can Apply?
** Must be over 18 and be an Australian resident
** Earn at least $40,000 p.a.
** Have a good credit rating
Receive funds fast in 4 easy steps
1.Get your rate in a minute
Enter your details to get a personalised rate. This will not impact your credit score.
Tell us how much you want to borrow and complete the application.
3.Verify yourself online
We can verify your identity and upload your documents online.
4.Receive the funds
Funds will be released to your account the next day upon approval of the loan and acceptance of your letter of offer.
** Address details
** Income and employment
What to Expect?
** Complete a short form to know if you are eligible & get your personalised rate
** Get an instant response in 60 seconds
** Track application and upload documents online
Rates & Fees
|Fixed interest rate||from 8.50% p.a. to 16.99% p.a.1|
|Comparison rate (^Comparison rate warning applies)||from 9.06% p.a. to 17.53% p.a.|
|Monthly account servicing fee||$5|
|Early termination fee||$199|
^The comparison rate is based on an unsecured loan of $30,000 over the term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Education Loan FAQs
1. How much do I need to earn to apply for an HSBC Education Loan?
To apply for an Education Loan, you should be earning over $40,000 p.a. and have a good credit rating. You will also need to be over 18 years old and an Australian resident.
2. What are the fees associated with an HSBC Education Loan?
The following fees apply to an HSBC Education Loan
** $150 Establishment Fee.
** $5 Monthly Servicing Fee.
** Early Termination1 Fee.
These fees are applied to the loan balance and form part of your fixed monthly repayment. Fees apply for other account services. Please refer to our current Personal Banking Booklet (PDF, 1.50 MB)Personal Banking Booklet (PDF, 1.50 MB) For HSBC personal loans This link will open in a new window for full details.
3. I am having difficulty completing my HSBC Education Loan application form, who can I speak to for assistance?
You have two options: use the Live Chat functionality on hsbc.com.au
Alternatively, you can call 1300 131 605.
4. Can I change the frequency of my repayments?
Unfortunately, you cannot change your Education Loan repayments as they are fixed monthly over the life of the loan. However, you do have the flexibility to make extra repayments to your loan.
5. Where can I find my Education Loan statements?
You can view your loan statements via HSBC Online Banking.