Terms and Conditions for Green Mortgage Promotion

When can you enjoy the Rewards

  1. The promotional period for “Cash Incentive” and “Tree Planting Donation” is from 5 May 2022 to 30 June 2023 (both dates inclusive);
    The promotional period for “Tesla Lucky Draw” is from 5 May 2022 to 31 December 2022 (both dates inclusive).

What are the Rewards

  1. During the promotional period, any person who applies to The Hongkong and Shanghai Banking Corporation Limited (and its successors and assigns) (“we” or “HSBC”) for, and draws down, a Green Mortgage (as defined in Clause 3 below) during the promotional period (“Eligible Customer”) will be entitled to the rewards set out in (a), (b) and (c) below (“Rewards”):
    1. receive cash incentive (“Cash Incentive”) in the following amount:
      Loan amount Cash Incentive
      HKD1,000,000 to less than HKD4,000,000 HKD3,988
      HKD4,000,000 or above HKD6,888
    2. (only applicable where none of the borrowers/mortgagors under the Green Mortgage is (i) a staff of an HSBC group member or (ii) a company) enter the lucky draw organized by HSBC automatically for a chance to win a Tesla Model Y worth around HKD486,000 (first registration tax included) (“Tesla Lucky Draw”); and
    3. for each Green Mortgage drawn, HSBC will make a donation to One Tree Planted to plant a tree to support Indonesia’s reforestation project (“Tree Planting Donation”).
  2. “Green Mortgage” refers to a mortgage loan for the purchase of a first-hand property in a building with a valid BEAM Plus Provisional/Final “Platinum” or “Gold” rating issued by the Hong Kong Green Building Council as listed in HSBC’s Designated Green Mortgage Building List (as updated from time to time without prior notice). Please refer to the Green Mortgage promotional page or contact HSBC staff for the current list. Green Mortgage does not include:
    1. a mortgage loan secured on a standalone car park,
    2. mortgage loan which is not for paying the purchase price of the mortgaged property;
    3. refinancing mortgage loan or top up/equity loan based on an existing mortgage loan with HSBC;
    4. mortgage loans under Employee Benefits Programme; and
    5. mortgage loans under HSBC Local Staff Housing Loan Scheme.
  3. Each Green Mortgage is entitled to the Rewards once only during the promotional period. If there are more than one applicant for such Green Mortgage, the Tesla Lucky Draw will be applicable to the first applicant only and the email confirming the Tree Planting Donation will be sent only to the first applicant who has maintained a valid email address in our record.

How can you enjoy the Rewards

  1. Application for Green Mortgage is subject to HSBC’s approval and the amount of Cash Incentive will be based on the approved loan amount as set out in the Facility Offer Letter signed by the Eligible Customer (which shall be deemed as final).
  2. If the total cash incentives (including the Cash Incentive) to be received is greater than 1% of the Green Mortgage loan amount, the total cash incentives (including the Cash Incentive) will be added to the Green Mortgage loan amount when calculating the loan-to-value ratio. The Eligible Customer must notify our staff to specify in the Home Loan Application Form if he/she requests to receive cash incentives.
  3. The Cash Incentive will be credited to Eligible Customer’s Green Mortgage repayment account on the drawdown date of Green Mortgage. In case of prepayment of the Green Mortgage, the cash incentives (including the Cash Incentive) may need to be returned to HSBC in accordance with the terms of the Facility Offer Letter.
  4. For the avoidance of doubt, to be entitled to the Tesla Lucky Draw, Eligible Customers must maintain a valid Green Mortgage in good standing with no default at the time of Tesla Lucky Draw which will take place on or before 31 March 2023. 
  5. The prize (Prize) of the Tesla Lucky Draw cannot be exchanged for cash and is not transferable.
  6. The winner (“Winner”) of the Tesla Lucky Draw will be contacted by us through the contact details in our record on or before 14 April 2023 followed by a redemption letter sent through registered mail (the “Redemption Letter”) to the Winner’s correspondence address according to our record at the time of fulfilment.
  7. The Winner who receives the Redemption Letter is required to redeem the Prize according to the instructions stated in the Redemption Letter. If the Winner is found to be ineligible to enter the Tesla Lucky Draw or otherwise fails to follow our instructions on Prize collection, the Winner will be disqualified and the Bank reserves the right to determine a replacement or forfeit the Prize. We reserve the right to exclude any entrant of the Tesla Lucky Draw who violates these Terms and Conditions, tampers with the lucky draw, engages in abusive, deceit or fraudulent behaviour in relation to the lucky draw or makes false representations or statements or violates applicable law or regulations. If an entrant is excluded, the Prize may be subsequently revoked and reclaimed.
  8. The Redemption Letter is not replaceable in the event of any loss or damage. We assume no liability and will not offer any compensation in respect of the Winner’s failure to receive the Redemption Letter.
  9. We reserve the right to replace the Prize with any alternative gift without prior notice.
  10. The Prize is not replaceable in the event of any loss or damage.
  11. We shall not be liable for any damages, losses, claims, costs, proceedings incurred or suffered by customers as a result of participation of the Tesla Lucky Draw or in connection with any product or services provided by Tesla.
  12. It is the Winner’s responsibility to comply (at his/her own expense) with any laws requiring payment of any tax, duty, levy or similar impost relating to the award of the prize, and we shall have no responsibility in respect thereof.
  13. We will not disclose Eligible Customer’s personal information to the supplier of the Prize or One Tree Planted. However, the Winner will be required to provide the Redemption Letter to the supplier of the Prize in order to verify his/her eligibility for claiming the Prize. The Winner may be required to provide personal information directly to the supplier of the Prize in order to complete redemption procedure.
  14. An email confirming the Tree Planting Donation will be sent to the first applicant of the Green Mortgage at the email address in our record.
  15. No person other than the Eligible Customers and us will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provisions of these terms and conditions.
  16. The Rewards shall remain valid even if the certification of the eligible property changes or expires after final approval of the Green Mortgage by HSBC.
  17. We can amend these terms and conditions or terminate/suspend the Rewards, and have the final decision on all matters and disputes arising out of the Rewards.
  18. We write the terms and conditions of the offer under Hong Kong laws. In the event of any discrepancy or inconsistency between the English version and the Chinese version of these terms and conditions, the English version shall apply and prevail.



To borrow or not to borrow? Borrow only if you can repay!

Issued by The Hongkong and Shanghai Banking Corporation Limited

Reference number: Y22-U2-MTGS02A