Kick start a bright future
Covering all levels of education, we offer flexible options to meet the costs of studying at home or abroad. From professional training to private school, an education loan could help you or your child take your next step.
Borrow up to $80,000, and access better interest rates than our standard Personal Loan.
Save up to $200 when you apply online
Negotiation fee of up to $200 waived when you apply for an Education Loan online.
Why get an Education Loan?
- Easy access to fundsOnce approved, the full loan can be deposited into your HSBC account immediately, or a portion of the funds can be sent to you each term.
- All education levelsGet coverage for yourself or a loved one, regardless of age or location. Study locally or abroad, including private school, boarding school and online courses.
- Pay for tuition and moreCover tuition costs or boost your budget for books, supplies, accommodation, travel and other expenses.
- Choose your termSpread your repayments over 5 years, with an optional extra 2 years of interest-only payments. Or choose a shorter term if you prefer. We’ll help you find the best option for you.
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% |
| 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% |
Things you should know
Who can apply?
To apply for an Education Loan, you need to be:
- Over 18
- An existing HSBC customer
- A resident of Bermuda
| What documentation will I need? |
Before we can approve your loan you'll need to provide ID, plus proof of address and income.
You'll also need to show us an acceptance letter from the institute you or your child are going to study at.
How to apply
Apply online
If you're registered for online banking, you can complete an online application form, as follows:
- Log on to online banking
- Go to 'Our Products', then choose 'Online Applications' from the top navigation and select 'Loans'
Frequently asked questions
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Additional information
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.
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.