HSBC's Personal Line of Credit Fund Transfer terms and conditions

1. The promotion is applicable for all personal line of credit fund transfer application received from 10 July 2008 to 10 January 2009. 

2. Only one application per account is allowed.

3. This promotion is not valid in conjunction with other promotional interest rate offers (including existing personal line of credit fund transfer). 

4. The minimum transfer amount is S$1,000, up to 80% 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. 

5. HSBC will not process the application if

(a) Customer's account is not maintained in good standing or not conducted in a proper or satisfactory manner as determined by HSBC at its sole discretion; and /or

(b) Customer's account stated above is already enrolled in a fund transfer programme or other interest rate promotion. 

6. No cancellation or change in the fund transfer amount will be allowed after submission of application.

7. The approved funds transfer 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 rejection of or delays in processing the application.

8. Payments made to the 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.

9. HSBC will not accept any funds transfer amount transferred to another HSBC credit card account or HSBC 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.

9. 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.

10. The customer must remain an HSBC's personal line of credit customer for the tenor of the funds transfer promotional period. HSBC reserves the right to charge the customer the full interest that would have 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 funds transfer promotion.

Promotional and Effective Interest Rates

1. The promotional fund transfer interest rate of 3.50% p.a. is valid for six months from the date of fund transfer approval and is only applicable to the personal line of credit fund transfer. Any outstanding balance and subsequent drawings will be charged at the prevailing interest rate.

2. First year effective interest rate for personal line of credit is 10% p.a. The prevailing interest rate of 16.50% p.a. will apply upon the expiration of the promotional fund transfer interest rate.

3. HSBC reserves the right to revise the interest rate offer.

S$30 shopping voucher Promotion terms and conditions

1. Each online application for fund transfer from personal line of credit customers will receive S$30 shopping voucher upon the approval of their application if the required acknowledgement form is received by the Bank by the next working day.

2. Each personal line of credit customer is entitled to one set of S$30 shopping voucher regardless of the number of fund transfer applications received by HSBC.

3. This promotion is not open to personal line of credit customers who are currently on other funds transfer promotion with HSBC's personal line of credit.

4. The S$30 shopping voucher is available while stocks last, not refundable or exchangeable for cash. Terms and conditions of the shopping voucher apply.

5. HSBC is not a supplier of the product(s)/service(s) and will not accept liability in relation thereto.

General

1. These terms and conditions should be read in conjunction with the personal line of credit terms and conditions and applicable account terms and conditions. For full details, please click here.

3. HSBC reserves the right to amend these terms and conditions or withdraw the promotion, with or without notice to the customer, at any time. The mode of notification of suspension, termination or variation shall be at HSBC's sole discretion, including but not limited to branch display and statement inserts.