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 April 2012 and 30 June 2012 and account opened by 31 July 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 line of credit promotion

1. The Promotion is valid for customers who submit their application for a new Personal Line of Credit account (the "Account") online at http://www.hsbc.com.sg between 16 April 2012 and 15 July 2012 (both dates inclusive), and whose applications are approved by 14 Aug 2012 (the "Eligible Customer").

2. Only Accounts that are maintained in good standing and conducted in a proper and satisfactory manner as determined by HSBC in its sole discretion will be eligible for the Promotion.

3. The Promotion is applicable only to customers who do not already have an HSBC Personal Line of Credit account, or who have not cancelled or closed their previous HSBC Personal Line of Credit account within three (3) months from approval of the Account.

4. Under the Promotion, the Eligible Customer is entitled to an Interest Discount (the "Reward"), as follows: - Interest discount is calculated based on the standard Prevailing Interest Rate of 17.8% p.a.
-The discounted interest rate charged is 8.88% p.a. Interest is computed on a daily basis.
- The discounted interest rate is valid for the first 3 months from the date the Account is opened. Thereafter, the standard Prevailing Interest Rate will be charged, i.e. 17.8% p.a. However, Premier customers will be entitled to a preferential interest rate of 8.9% p.a. and Advance / Revolution customers will be entitled to a preferential interest rate of 14.24% p.a.
- The discounted interest rate is applicable to debit balances on the Account, resulting from transactions made via cheque, cash withdrawal, point-of-sale purchase, and electronic transfer.
- The discounted interest rate is not applicable to debit balances resulting from Fund Transfers, for which separate terms and conditions apply.

5. The Bank reserves the right to determine the eligibility of any customers to receive the Reward.

6. The Reward is not exchangeable for any other item.

7. The Bank reserves the right to substitute or replace the Reward with items of equal or similar value at its discretion without notice.

8. The Bank reserves the right at its absolute discretion to vary the terms and condition of the Promotion, or change or withdraw this Promotion at any time without giving any reason and/or notice. In the event of dispute, the Bank’s decision is final.

9. The Bank’s existing Personal Line of Credit product terms and conditions apply.

10. All information is correct at the time of publishing or posting online.

(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.