HSBC has added a further innovative feature to its personal loan package. Customers can now opt to fix the interest rate for the whole term of the loan, ensuring no future surprises in their monthly repayments.

Fixed interest rate options are applicable to both secured and unsecured loans, denominated in the Maltese lira. A three-year loan will carry an interest rate of 8.05 per cent pa; a five-year loan will attract interest of 8.10 per cent pa, while interest on a seven-year loan will be marked at 8.15 per cent per annum.

Furthermore, processing and booking fees are reduced for customers who opt for credit insurance and/or an on-line application.