Terms and conditions

Effective Interest Rates 
1) Personal loan interest rate of 7.5% p.a. is calculated based on a front-end add-on method. The effective interest rates are 13.80% p.a. for two years, 13.69% p.a. for three years, 13.51% p.a. for four years, 13.32% p.a. for five years, 13.12% p.a. for six years and 12.93% p.a. for seven years. A one-time processing fee of 1.5% of the approved personal loan amount or S$30, whichever is higher applies.

2) First year effective interest rate for personal line of credit is 12% p.a.. The prevailing interest rate of 16.5% p.a. applies thereafter. 

Promotional terms and conditions
1) The 100% interest rebate promotion ("The Promotion") is valid for customers who apply for HSBC's personal loan or personal line of credit between 10 July 2008 and 12 October 2008.

2) The interest rebate for personal loan will be computed based on the interest paid for the first three instalments. 

3) The interest rebate for personal line of credit will be based on the interest charged for the first three statements. 

4) The interest rebate will be credited to the personal loan repayment account or personal line of credit account in the fifth month from the date of account opening, unless otherwise determined by the Bank. 

5) The personal loan, personal line of credit account or any other unsecured facilities (with the Bank) must be in good standing (as determined by the Bank) from account opening to the point of interest rebate, otherwise the interest rebate amount shall be forfeited. 

6) The personal loan and personal line of credit account must still be opened at point of interest rebate. 

7) The interest rebate amount is not exchangeable for cash or in kind. 

8) The interest rebate amount may be applied at the Bank's discretion towards the reduction of the outstanding balances on your personal line of credit account. 

9) The Bank reserves the right to compute the interest rebate amount in a manner that the Bank may in its absolute discretion deem appropriate.

10) For personal loan accounts which enjoyed the Promotion and are closed within six months from the date of account opening, an early closure fee of S$100 will apply.

11) For personal line of credit accounts which enjoyed the 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.

12) Customers on staff rates, CEPS and Premier rates and other promotional rates are not eligible for the Promotion, unless otherwise specified by the Bank.

13) These terms and conditions should be read in conjunction with the Personal Line of Credit and Personal Term Credit Terms and Conditions.

14) HSBC reserves the right to vary the terms of or withdraw the Promotion without prior notice at any time.

S$20 shopping voucher promotion terms and conditions
1) This Promotion is valid from 21 July to 12 October 2008, unless otherwise specified. 

2) Customers will receive S$20 worth of shopping vouchers for every approved personal loan or personal line of credit application submitted online during the promotion period whereby the full supporting documents are received by the Bank within 3 working days from the date of online application submission.  

3) The vouchers are not exchangeable for cash, points or other rewards from HSBC.  

4) HSBC is not a supplier of the products or services redeemed under the vouchers and will not accept any liability in relation thereto.  

5) HSBC reserves the right to vary the terms and conditions of and to suspend or terminate this promotion at any time without prior notice.  

6) HSBC's decision on all matters relating to this promotion is final and no appeal or correspondence will be entertained.  

7) Terms and conditions of the vouchers apply.