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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
Secure
5 years
Principal and interest
From 5.5%
Unsecured
5 years
Principal and interest
From 6.5%

Interest rates

Loan type Secure
Maximum term
5 years
Repayment
Principal and interest
Total rate
From 5.5%
Loan type Unsecured
Maximum term
5 years
Repayment
Principal and interest
Total rate
From 6.5%

Frequently Asked Questions

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.

Related products

 

Apply online to enjoy all the benefits of an HSBC Bermuda bank account.

 

We don't just underwrite policies, we support the promises you make to your loved ones.

 

Life if unpredictable, protect your loved ones from the unexpected.

 

Choose from loans at great rates, for greater flexibility.

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.

Listening to what you have to say about our services matters to us.