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Education

Whether online or on campus, an HSBC Education Loan can help cover the cost of tuition and expenses

HSBC Education Loan

With an HSBC Education Loan, you can help kick start a bright future for you or your loved one. Whether you are looking to send your child to university or locally to private school, to looking to take a Professional designation course, we offer flexible options to cover the costs.

Why get an HSBC Education Loan?

  • Use for tuition and expenses
    Take comfort in knowing that you can use a HSBC Education to cover tuition and expenses from books and supplies, to accommodation and travel.
  • Available for all education levels
    Get coverage for yourself or a loved one, regardless of age or location. An HSBC Loan be used to cover all education levels, locally or abroad, including private school, boarding school and online courses.
  • Flexible terms
    Choose from a variable interest rate and repayment terms between 1 and 5 years.1
  • Save $200 when you apply online
    Apply for an Education Loan using online banking and have the $200 negation fee waived.
  • Access funds quickly
    Once your loan is approved, the money is immediately deposited to your HSBC account. Or we can send the funds through a wire transfer to another bank.

1 Principal payments can be deferred and interest only payments allowed for a maximum of 2 years. The maximum term for this is 7 years.

Interest rates

Loan type Maximum term
 Repayment
 Total rate
Secured 5 years
 Principal and interest
 From 6%
Unsecured
 5 years
 Principal and interest
 From 7%

Interest rates

Loan type Secured
Maximum term
 5 years
Repayment
 Principal and interest
Total rate
 From 6%
Loan type Unsecured
Maximum term
 5 years
Repayment
 Principal and interest
Total rate
 From 7%

Frequently Asked Questions

What is the difference between secured and unsecured Personal Loans? 

Will I need to provide documentation to support my application?  

How do I make payments on my loan?  

Can I make extra payments or pay off my loan early? 

Eligibility criteria

This product and service is offered only in the jurisdiction of Bermuda by HSBC Bank Bermuda Limited and the material presented is not intended for use by persons located in or resident in other jurisdictions.

Apply for an HSBC Education Loan

Apply online and save $200

For joint applications please make an appointment or call us today on +1 441 299 5959

You must be registered for online banking to complete an online application form.

To apply online

  • log on to online Banking
  • choose Our Products > Online Applications from the top navigation, or select ‘Apply for an HSBC personal loan’ from the banner at the bottom of the page.

After you have submitted your application, we will begin the review process on the next business day.

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Disclosure

Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.

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