HSBC Premier Personal Loan

Good:
Very low interest rate compared to other personal loans and the money is paid out very quickly

Bad:
You can only apply if you are certain you have a good credit history

Verdict:
This loan is strictly for HSBC Premier current account customers - offers one of the lowest personal loan rates on the market at the moment

If you hold a Premier current account with HSBC, you can apply for a loan with them. They offer unsecured personal loans from £1,000 - £25,000. You can only apply if you have £700 paid into your account every month.

You can apply online, or you can apply via telephone. If you choose to apply online, you need to fill out the application form on their website. They will give you a provisional decision within a few minutes and they will also send you an email with this decision. If accepted, you will need to sign an electronic loan agreement and they'll transfer the money directly into your HSBC account. They can get the money in your account today, at any time of the day.

HSBC are a big, well-known, high-street bank. They have a reputation for getting the money into your account quickly as it is transferred to you directly. Their repayments can be quite low, suited to your budget, depending on the size of the loan. The online application is simple, but can be quite lengthy if you're not used to filling out forms. If you enter your bank details, it will fill in your personal details so you don't have to do it again. They will however look at your credit history, so may not be a suitable option if your history is particularly poor (i.e. have made late payments, have CCJs or defaults).