HSBC No Longer Offers New Personal Loans

HSBC is no longer offering new personal loans, though it still services existing loans, according to its website.

HSBC previously offered personal loans ranging from $3,000 to $30,000 for borrowers with good to excellent credit (690 credit score or higher). These loans included fast funding and no origination fee.

If you still need a personal loan, there are similar alternatives, including other banks, online lenders and credit unions.

Alternatives to HSBC personal loans

Banks

Banks typically provide competitive rates to borrowers with good and excellent credit and offer the most perks to existing customers.

PNC Bank: PNC offers personal loans ranging from $1,000 to $35,000 for borrowers in all 50 states and Washington, D.C. Though you don’t need to be an existing customer to apply, non-customers may have to visit a branch to close the loan, which can delay funding. PNC also offers an autopay discount and flexible repayment options.

Wells Fargo: Wells Fargo personal loans come in a wide…

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This article was written by Jackie Veling and originally published on www.nerdwallet.com