Terms and conditions

(A) General terms and conditions

1. Customers on staff preferential interest rates are not eligible for The Promotions, unless otherwise specified by the Bank.

2. 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.

3. 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.

4. The Bank’s decision on all matters relating to The Promotions is final and no appeal or correspondence will be entertained.

5. Interest rates are subject to change without prior notice.

(B) HSBC’s personal loan promotional interest rate terms and conditions

1. The offer ("The Promotion") is applicable to HSBC's personal loan account applied between 1 January 2012 and 31 March 2012 and account opened by 30 April 2012.

2. An early repayment fee of S$150 will apply for any partial or full repayment made within 12 months from the loan drawdown date.

(C) HSBC's personal loan cash reward promotion

1. Applicants must submit their personal loan applications at www.hsbc.com.sg between 22 August and 30 November 2011 (the “Promotion Period”) and the applications must be approved by HSBC by 15 December 2011 (applicants who have submitted approved applications referred to as “Qualified Applicants”).

2. The cash reward will be awarded as follows:

• $200 cash reward is awarded to Qualified Applicants for approved personal loan amounts of S$25,000 and above, with a minimum tenor of one year.
• $100 cash reward is awarded to Qualified Applicants for approved personal loan amounts of S$12,000 to less than S$25,000, with a minimu tenor of one year.
• $50 cash reward is awarded to Qualified Applicants for approved personal loan amounts of S$5,000 to less than S$12,000, with a minimum tenor of one year.

3. Limited to one (1) cash reward per customer.

4. The personal loan 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 Promotion Period.

5. Qualified Applicants will have the cash reward credited into their personal loan disbursement account within one (1) month from the date of approval of his/her Account, or by 31 January 2012.

6. The cash reward is not exchangeable for any other item.

7. The Bank is not responsible for the quality or the performance, loss, damage or harm suffered in connection with the use of the cash reward.

8. HSBC reserves the right to substitute or replace the cash reward with other items of equal or similar value at its discretion without notice.

9. 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.

10. In the event of any dispute, HSBC’s decision shall be final and no further correspondence will be entertained.

11. All information is correct at the time of posting.

(D) Preferential interest rates terms and conditions

1. To enjoy preferential interest rates, the applicant has to be a HSBC Premier or HSBC Advance customer at point of application with banking relationship correctly indicated on the online application form.

(E) Approval in-principle terms and conditions

1. 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.

2. 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.

3. 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.

4. Approval in-principle is only valid for 14 days during which the applicant must submit the neccessary documents to the Bank for processing.

5. Approval in-principle is only applicable for online applications.

6. Approval in-principle is not applicable for joint applicants and other circumstances as prescribed by the Bank from time to time.

7. HSBC reserves the right to vary the terms without prior notice at any time.

8. These terms and conditions should be read in conjunction with the personal line of credit and personal term credit terms and conditions.