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Secured Overdraft
Secured Overdraft benefits and features
- Enjoy interest rate from as low as 5% p.a.
- No minimum monthly repayment required
- Flexible repayment - as much as and whenever you want to
Maximise your financial flexibility with our secured overdraft facility now. You can maintain your existing investment portfolio for long-term capital appreciation without having to worry about cashflow for your short-term financial needs.
Save with lower interest rate
| Assuming an outstanding balance of S$10,000 on your credit cards or credit lines | ||
| Credit cards | Credit lines | |
|---|---|---|
| Interest rate (p.a.) | 24% p.a. | 17.8% p.a. |
| Interest charged for 12 months | S$2,400 | S$1,780 |
| Interest rate of 5% p.a. on HSBC’s Secured Overdraft | ||
| Interest charged for 12 months | S$500 | S$500 |
| Your interest saving | S$1,900 (79%) | S$1,280 (72%) |
Financing quantum
| Your asset | Financing quantum* (based on asset value) |
|---|---|
| Time deposit (local currency) | Up to 100% |
| Time deposit (foreign currency) | Up to 100% |
| Unit trust | Up to 70% |
| Notes & Bonds | Up to 100% |
| Shares | Up to 50% |
Act now
Make an appointment with us to find out more or apply online today.
Call our 24-hour Customer Service Hotline on 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas.
* Actual financing quantum to be granted for the facility is subject to the Bank’s approval.
Next steps
Call us on 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas
Highlights
