HSBC Personal Loans

I Applied for personal Loan of 11500 and was rejected twice, by Sainsbury and Natwest. I was attracted to these two at first because of their low advertised rates. Natwest, after rejecting me, said they can only offer the loan at a striking 25% rate! I was astonished of why I was rejected, my credit score was good, above 980, however after the two rejections it fell down to about 910. I was really upset because not only that I didn't get the money, I was rejected without any reasons and severely lowered my chance of getting further loan!

I came home almost tearing and my boyfriend asked me why don't I apply with my current bank. I have been a HSBC customer for 5 years, and as much as I don't like to risk my credit rating further, I decided to give it a try. 5 minutes was all it take, I am serious, and it was much quicker than my hours spent on NatWest or Sainsbury. I logged into my internet banking account, click here and there, and they pulled all the relevant info from my profile so I don't need to fill a thing. They told me due to my current credit score is average (910) they cant offer me the loan at the 4.8% rate but instead offer me at 9.9%, which I gladly accepted as I needed the money urgently.

HSBC FTW. 5 years a customer, and I'll be with you for long I can see.