HSBC's Revolving Credit Facility helps you handle sudden expenses with ease

Sign up for HSBC's Revolving Credit Facility successfully from 2 August 2019 to 30 January 2020 to enjoy the offers below:

  • Apply online to enjoy HK$100 cash rebate3
  • Submit supporting document(s) required by the Bank for the loan application to enjoy HK$100 cash rebate4
  • Loan amount of up to HK$1,200,000 or 10 times of the monthly salary5
  • Interest6 calculated daily on outstanding amount only and no handling fee
  • Flexible repayment periods and amounts7, credit limit will be restored automatically after repayment
  • 1-minute approval8 and instant cash withdrawal

 

Call 2748 8080 (24-hour application hotline)
Click www.hsbc.com.hk/loan

How's the interest calculated?

  • Withdrawal on 4 March: HK$18,000 (out of total approved credit limit)
  • No. of days used: 20 days (from 4 to 23 March)
  • Total interest: HK$18,000 x 1.90%* x 20/365 = less than HK$20
    (based on first 3-month introductory interest rate 1.90% p.a., daily interest is less than HK$1)

* Please refer to the interest rate table for respective APRs. Terms and conditions apply.

HSBC's Revolving Credit Facility Interest Rate Table

Credit limit (HK$) Introductory interest rate for the first 3 months (p.a.)(APR) Interest rate from the 4thmonth onwards (p.a.) (APR) APR for the first 12 months
5,000 - 19,999 1.90%
(1.91%)
18.90% (20.53%) 19.16%
20,000 - 49,999 11.90% (12.51%) 11.75%
50,000 - 199,999 9.90% (10.32%) 9.71%
200,000 - 499,999 8.00% (8.26%) 7.81%
500,000 or above 7.00% (7.20%) 6.82%
An annual fee of 1% of approved credit limit per annum shall apply (up to a maximum of HK$1,000), subject to a first- year annual fee waiver.

 

Remarks of the Interest Rate Table Remarks of the Interest Rate Table
  1. The interest rate table listed above applies to customers who open a Revolving Credit Facility account during the promotional period from 2 August 2019 to 30 January 2020 (both dates inclusive).
  2. For the first 3 months' introductory interest rate period, interest rate is 1.90% p.a. and Annualised Percentage Rate (APR) is 1.91% for all approved credit limits. "First 3 months' introductory interest rate period" refers to the period from the date of loan disbursement to the third statement date of the respective account (both dates inclusive).
  3. The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. An APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualised rate. The APR is calculated based on middle value credit limit of HK$12,500, HK$35,000, HK$125,000, HK$350,000 and HK$750,000. Please note that the actual APR applicable may differ, customers can refer to the loan confirmation letter for actual related information.
Remarks Remarks
  1. Please refer to the interest rate table for respective APRs. The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. An APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualised rate.
  2. An annual fee of 1% of approved credit limit per annum shall apply (up to a maximum of HK$1,000), subject to a first-year annual fee waiver. Terms and conditions apply.
  3. Only applicable to successful loan applicants via HSBC website www.hsbc.com.hk or HSBC Internet Banking with an approved loan amount of HK$50,000 or above. Please refer to the Promotional Terms and Conditions for details.
  4. Only applicable to any customer who successfully submit supporting document(s) required by the Bank for the loan application with an approved amount of HK$50,000 or above. Please refer to the Promotional Terms and Conditions for details.
  5. The lower one applies.
  6. Once your loan application is approved, the loan amount (exclusive of the annual service fee, if applicable) will be credited directly to your designated HSBC account without prior notice. Interest will be calculated once the loan amount is credited to your designated account.
  7. Minimum monthly repayment amount is 2.5% of outstanding balance or HK$50 (whichever is higher).
  8. To enjoy the flexibility of instant loan approval and disbursement, applications have to be submitted during our service hours (Monday-Friday: 9 am - 8 pm, Saturday: 9 am - 1 pm, except public holidays, or individual branch's opening hours). The Bank may provide the instant application result and fund disbursement upon receipt of the application, required information (including a valid HSBC account number for fund disbursement) and all the required documents (if any). Customers who do not hold a HSBC account can instantly apply for one via any HSBC branch for loan application. Actual loan application approval date and drawdown date start when the Bank has successfully inputted all the required information into the application evaluation system. Processing time may vary in some cases depending on the actual circumstances of individual applications.
HSBC's Revolving Credit Facility Promotional Terms and Conditions HSBC's Revolving Credit Facility Promotional Terms and Conditions
  1. The promotional period commences on 2 August 2019 and expires on 30 January 2020, both dates inclusive (the “Promotional Period”).
  2. A customer who submits an application for a Revolving Credit Facility (the “Loan”) to The Hongkong and Shanghai Banking Corporation Limited, Hong Kong (and its successors and assigns) (the “Bank”) and whose Loan application is approved during the Promotional Period (“Eligible Customer”) shall, subject to these Terms and Conditions, be eligible for the applicable promotional interest rate, the first-year annual fee waiver and other offers in relation to the Loan under this promotion.
  3. The Bank reserves the right to amend these Terms and Conditions at any time with appropriate notice.
  4. Employees of the Bank and other members of the HSBC Group are not eligible to join this promotion.
  5. In case of any dispute, the decision of the Bank shall be final and conclusive.
  6. In case of any discrepancy between the English and Chinese versions of these Terms and Conditions, the English version shall apply and prevail.
  7. These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
  8. These Terms and Conditions are subject to prevailing regulatory requirements.
  9. No person other than the Eligible Customer and the Bank 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.

Applicable to HK$100 Online Exclusive Offer ("Online Exclusive Offer") only:

  1. To be eligible for HK$100 cash rebate under the Online Exclusive Offer, an Eligible Customer must submit the Loan application via HSBC website www.hsbc.com.hk or HSBC Personal Internet Banking and the Loan of HK$50,000 or above must be approved during the Promotional Period.
  2. Each Eligible Customer is entitled to the Online Exclusive Offer once only under this promotion.
  3. The cash rebate will be credited to each Eligible Customer’s Loan repayment account on or before the below specified Online Exclusive Offer Credit Date without further notice. The Online Exclusive Offer Credit Date shall be determined based on the Eligible Customers’ Loan application and approval date. Eligible Customers have to ensure their Loan repayment accounts are still valid on the Online Exclusive Offer Credit Date in order to enjoy the Online Exclusive Offer.
    Eligible Customers’ Loan application and approval date Online Exclusive Offer Credit Date
    2 August - 23 October 2019 On or before 31 December 2019
    24 October 2019 - 30 January 2020 On or before 31 March 2020
  4. An Eligible Customer who cancels his/her Loan on or before the Online Exclusive Offer Credit Date will not be eligible for the Online Exclusive Offer.

Applicable to HK$100 Document Submission Offer ("Document Submission Offer") only:

  1. To be eligible for HK$100 cash rebate under the Document Submission Offer, an Eligible Customer must submit supporting document(s) required by the Bank for the Loan application and the Loan of HK$50,000 or above must be approved during the Promotional Period. The Document Submission Offer is not applicable to loan applications on which the Bank does not require submission of any supporting document.
  2. Each Eligible Customer is entitled to the Document Submission Offer once only under this promotion.
  3. The cash rebate will be credited to each Eligible Customer’s Loan repayment account on or before the below specified Document Submission Offer Credit Date without further notice. The Document Submission Offer Credit Date shall be determined based on the Eligible Customers’ Loan application and approval date. Eligible Customers have to ensure their Loan repayment accounts are still valid on the Document Submission Offer Credit Date in order to enjoy the Document Submission Offer.
    Eligible Customers’ Loan application and approval date Document Submission Offer Credit Date
    2 August - 23 October 2019 On or before 31 December 2019
    24 October 2019 - 30 January 2020 On or before 31 March 2020
  4. An Eligible Customer who cancels his/her Loan on or before the Document Submission Offer Credit Date will not be eligible for the Document Submission Offer.

Key Facts Statement

Revolving Credit Facility Terms and Conditions

Notice relating to the Personal Data (Privacy) Ordinance

Reference number: Y9-U2-LRCF65

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