Terms and conditions

General Terms and Conditions (1% per month promotion / 2.88% p.a. Fund transfer promotion / Online promotion / Preferential interest rates):

• Customers on staff preferential interest rates are not eligible for The Promotions, unless otherwise specified by the Bank.
• All the terms and conditions under The Promotions should be read in conjunction with the prevailing personal line of credit and personal term credit terms and conditions.
• The Bank reserves the right to vary the terms and conditions of and to suspend or terminate The Promotions at any time without prior notice.
• The Bank’s decision on all matters relating to The Promotions is final and no appeal or correspondence will be entertained.
• Interest rates are subject to change without prior notice.

Terms and conditions (1% per month promotion / 2.88% p.a. Fund transfer promotion / Online promotion):

• The offers ("The Promotions") are applicable to HSBC's personal line of credit or personal loan account applied between 5 November 2009 and 14 March 2010 and opened by 9 April 2010.
• The first year effective interest rate for HSBC's personal line of credit is 12% p.a., and the prevailing interest rate of 17.8% p.a. applies thereafter.
• A processing fee of 1.5% of the approved loan amount or S$50, whichever is higher, is applicable for all approved personal loan applications.
• For personal line of credit accounts which enjoyed the 1% per month promotion and are closed within six months from the date of account opening, an early closure fee of S$100 will apply; otherwise the prevailing early closure fee will apply.
• For personal loan, an early repayment fee of S$100 will apply for any partial or full repayment made within 12 months from loan drawdown date.

Terms and conditions for Fund Transfer:

• Only one application per account is allowed.
• This promotion is not valid in conjunction with any other promotional interest rate offers (including existing HSBC's personal line of credit fund transfer offer).
• Processing fee of S$50 will be waived for approved fund transfer amount of S$10,000 and above. The promotional fund transfer interest rate will only apply to the approved fund transfer amount and the related fees and charges (if any). Upon expiration of the application promotion tenor, the applicable prevailing interest rate will be chargeable on the outstanding fund transfer amount.
• The minimum transfer amount is S$1,000 and up to 90% (95% for HSBC Premier customers) of the amount determined by (a) the customer's approved credit limit minus (b) any outstanding balance on HSBC's personal line of credit at the time of processing of application.
• No cancellation or change in the fund transfer amount will be allowed after the submission of applicaton.
• The approved amount to be transferred will be determined by HSBC at its sole discretion and HSBC reserves the right to decline any application without assigning any reason. HSBC shall not be liable for any charges, overdue payments or interest incurred by the customer due to the rejection of or delays in processing the application.
• Payments made to HSBC's personal line of credit account are applied in the following order of priority, namely drawings charged at the preferential or promotional interest rate and drawings charged at the prevailing interest rate.
• HSBC will not accept any amount transferred to another HSBC credit card account or HSBC's personal line of credit account. Customer's designated credit card account or bank account from other credit card issuers or banks in Singapore that the fund transfer amount is to be transferred to must be denominated and transacted in Singapore dollars.
• The customer is required to make payment to the designated credit card issuer or banks until he/ she receives written confirmation that funds have been credited into his / her designated account. HSBC will not be liable for any overdue payments or interest incurred due to non-payment by the customer.
• The customer must remain an HSBC's personal line of credit customer for the tenor of the fund transfer promotional period. HSBC reserves the right to charge the customer the full interest that would have been payable should the customer cease to be an HSBC's personal line of credit customer at any time before the end of the tenor of the fund transfer promotion.

Terms and conditions for preferential interest rates:

• To enjoy preferential interest rate discount, the applicant has to be a HSBC Premier or HSBC Infinity customer at point of sign up.
• Current terms and conditions under the Revolution programme applies.

Terms and conditions for online offer:

• The online offers are applicable to approved HSBC's personal line of credit or personal loan accounts applied via online with one hour approval in principle granted.
• The approved personal line of credit account will enjoy 2 years annual fee waiver.
• A processing fee of 0.75% of the approved loan amount or S$50, whichever is higher, is applicable for all approved personal loan applications.

Terms and conditions for Online Rewards Promotion (the "Promotion"):

• Applicants must submit their personal loan or personal line of credit applications online at www.hsbc.com.sg between 8 March and 30 April 2010 (the "Promotion Period") and the applications must be approved by HSBC by 31 May 2010 ("Qualified applicants").
• To qualify for the Olympus digital camera FE4030 (the "Reward"): For personal loan, Qualified applicants must be approved for a minimum loan quantum of S$10,000. For personal line of credit, Qualified applicants must maintain a minimum debit balance of S$10,000 monthly throughout the 6 months period from the date of approval of his/her personal line of credit account (the "Qualifying Period") or accumulate debit interest of S$450 and above over the Qualifying Period.
• To qualify for the American Tourister - Westlake travel luggage (the "Reward"): For personal loan, Qualified applicants must be approved for a minimum loan quantum of S$5,000. For personal line of credit, Qualified applicants must maintain a minimum debit balance of S$5,000 monthly throughout the 6 months period from the date of approval of his/her personal line of credit account (the "Qualifying Period") or accumulate debit interest between S$150 and S$449 over the Qualifying Period.
• The personal loan or personal line of credit account (the "Account") must be maintained in good standing and conducted in a proper and satisfactory manner as determined by HSBC at its sole discretion during the Qualifying Period. In the event that the Account is closed or terminated or suspended for any reasons whatsoever during the Qualifying Period, HSBC reserves the right to forfeit the eligibility of the Account at its sole discretion and the relevant accountholder shall not be entitled to any compensation whatsoever.
• HSBC's personal line of credit customers whose accounts must not be enrolled in any of HSBC’s fund transfer programmes are eligible for the Rewards if they satisfy the above conditions.
• Eligible personal loan customers will receive their Reward redemption letters by mail to their last known mailing address (based on HSBC's records) within 2 months from the date of approval of his/her personal loan account. Eligible personal line of credit customers will receive their Reward redemption letters within 2 months from the Qualifying Period.
• HSBC reserves the right to substitute or replace the Rewards with other items of equal or similar value at its discretion without noticeHSBC reserves the right to substitute or replace the Rewards with other items of equal or similar value at its discretion without notice.
• The Rewards are available while stocks last and are not exchangeable for cash or credit or in kind. In the event of loss of Reward, there will not be any replacement.
• HSBC is not the supplier of the Rewards and will not accept any liability in relation thereto.
• These terms and conditions should be read in conjunction with HSBC's personal loan or personal line of credit terms and conditions.
• HSBC reserves the right in its absolute discretion to vary, delete or add to any of these terms and conditions, or change or withdraw the Promotion, at any time without giving any reason or prior notice.
• In the event of any dispute, HSBC's decision shall be final and no further correspondence will be entertained.

Terms and conditions - Approval In-Principle

• The online application is subject to approval. The Bank will notify the applicant of the outcome of the application via communication methods previously authorised by the applicant and/or in writing. 
• The notifications of the outcome of the application will be sent to the applicant within one hour for applications submitted between 8 am to 11 pm provided the Bank's server is not experiencing unexceptionally high volume or undergoing system maintenance. For applications submitted after 11 pm, notifications will be given the next day.
• Approval in-principle is a provisional approval provided by the Bank based on the information provided by the applicant. Upon satisfaction of all requirements fulfilled by the applicant, including submission of the documents as stated on the Letter of Instruction, the Bank shall review and if appropriate, grant a formal approval and provide the applicant a newly opened personal loan or personal line of credit account.  
• Approval in-principle is only valid for 14 days during which the applicant must submit the neccessary documents to the Bank for processing. 
• Approval in-principle is only applicable for online applications.
• Approval in-principle is not applicable for joint applicants and other circumstances as prescribed by the Bank from time to time.   
• HSBC reserves the right to vary the terms without prior notice at any time.  
• These terms and conditions should be read in conjunction with the personal line of credit and personal term credit, terms and conditions. For full details, please click here.  

Terms and conditions - HSBC's Personal line of credit fund transfer S$20 shopping voucher

• For each online application for HSBC’s personal line of credit fund transfer, customers will receive a S$20 shopping voucher upon the approval of their application if the required acknowledgement form is received by the Bank by the next working day.
• Each HSBC's personal line of credit customer is entitled to one set of S$20 shopping voucher, regardless of the number of fund transfer applications received by HSBC.
• This promotion is not open to HSBC’s personal line of credit customers who are currently on other fund transfer promotion with HSBC's personal line of credit.
• The S$20 shopping voucher is available while stocks last, not refundable or exchangeable for cash. Terms and conditions of the shopping voucher apply.
• HSBC is not a supplier of the product(s)/service(s) and will not accept liability in relation thereto.

Terms and conditions – eCPF submission for S$10 shopping voucher promotion

• This promotion is valid for HSBC's personal loan and personal line of credit applications submitted from 28 December 2009 to 14 March 2010 (the "promotion period"), or while stocks last, whichever is the earlier.
• Customers will receive S$10 worth of shopping vouchers for every personal loan or personal line of credit application approved by 9 April 2010 and where eCPF statement is submitted online as supporting document during the promotion period.
• The shopping voucher is not exchangeable for cash, points or other rewards from HSBC.
• Any customer eligible for the shopping voucher will be issued a redemption letter from HSBC.

  Accounts open date	Month of redemption letter issuance
  28 December 2009 - 31 January 2010	February 2010
  1 February 2010 - 26 March 2010	April 2010

• The personal loan, personal line of credit account or any other unsecured facilities (with the Bank) must at all times be in good standing (as determined by the Bank at its absolute discretion) from account opening to the date of issuance of redemption letter, failing which the shopping voucher shall be forfeited.
• HSBC is not a supplier of the products or services redeemed under this promotion and will not accept any liability in relation thereto.
• HSBC reserves the right to vary the terms and conditions of and to suspend or terminate this promotion at any time without prior notice.
• HSBC's decision on all matters relating to this promotion is final and no appeal or correspondence will be entertained.
• Terms and conditions for redemption of the shopping voucher apply.