HSBC no longer offers personal loans. However, it continues to service existing loans.

Personal loans from HSBC were previously available for borrowers with excellent credit (or higher) that had a credit score of 690 or more. These loans were fast funded and came with no origination fees.

You may still need a personal loan.

Alternatives to HSBC personal loan


Banks offer competitive rates to borrowers with excellent credit. They also offer the best perks for existing customers.

PNC Bank: PNC Bank offers personal loans from $1,000 to $35,000 to borrowers in all 50 US states and Washington D.C. Although you don’t have to be an existing customer in order to apply, non-customers will need to visit a branch in order to close the loan. This can cause delays in funding. PNC offers flexible repayment options and an autopay discount.

Wells Fargo: Wells Fargo personal loan amounts range from $3,000 to $100,000. This allows them to be customized for any borrower’s needs. Existing customers can apply online for prequalification with a soft credit assessment, while new customers will need a branch visit to apply. Personal loans from Wells Fargo are available in all 50 US states as well as Washington, D.C.

LightStream: LightStream is a Truist Bank subsidiary that offers personal loans online at low rates and no fees. There is no origination fee which is rare among online lenders. It can provide loans up to $100,000 and send funds in one business day.

Web lenders

Online lenders promise quick funding and easy applications. They offer loans to all credit levels.

SoFi: Personal loans from SoFi are available to borrowers who have good credit or excellent credit. They come in a variety of amounts and there are no fees. This lender is distinguished by its unique list of perks such as free career and financial advice and unemployment protection.

The Discover Personal Loans range in price from $2,500 to $35,000, and require a minimum credit score 720. However, borrowers can pre-qualify by completing a soft credit check. The lender can send funds to creditors within one day with Discover, making it a great option for debt consolidation.

Best Egg: Personal loans from Best Egg are flexible and require a minimum credit score 600. The loans are available in a range of $2,000 to $50,000. A secured option is offered, which makes use of fixtures permanently attached to your house, such as your water heater, to secure the loan. Best Egg charges an origination charge.

Credit unions

Credit unions offer low rates and flexible terms, especially for borrowers with poor credit (689 credit score and lower). You must first become a member to apply for a loan at the credit union.

Alliant Credit Union: Anyone can join Alliant Credit Union. It offers personal loans ranging from $1,000 to $50,000 and same-day funding, if approved. The minimum credit score required is 620.

PenFed: Personal loans from PenFed are an excellent choice for borrowers with good-to-excellent credit who want to select from a variety of repayment terms and amounts. PenFed is well-known for its military service members. However, anyone can join PenFed by funding a savings account starting at $5.

First Tech: First Tech provides personal loans for tech companies and employees, ranging in amount from $500 to $50,000 with repayment terms of between two and seven year. You must have a minimum credit score of 660 and you can choose between co-signed or joint loans.

How do you compare personal loans

Pre-qualifying is the best way to compare personal loans lenders. Pre-qualifying allows you to compare your loan terms, rate and amount without having to submit hard credit checks. This can temporarily lower your credit score.

Pre-qualification is available with many lenders, but it’s especially common with online lenders. NerdWallet allows you to pre-qualify online lenders without affecting your credit score.