In Bangladesh, the HSBC Group’s history dates back to 1996 when The Hongkong and Shanghai Banking Corporation (HSBC) Ltd opened its first branch. Today, the HSBC Group offers a comprehensive range of financial services in Bangladesh including commercial banking, consumer banking, payments and cash management, trade services, treasury, and custody and clearing. Retail Banking and Wealth Management: With a network of 13 offices, 38 ATMs, 9 Customer Service Centers, an offshore banking unit, and offices in 7 EPZs, HSBC offers a full range of personal banking and related financial services including current and savings accounts, personal loans, time deposits, travellers cheques and inward and outward remittances. A Personal Secured Loan is a fixed loan secured by your time deposit held with HSBC. The loan will provide you with the flexibility to meet any emergency cash needs you may have, so you don’t have to encash your high yield investments.
Personal Secured Credit
HSBC is pleased to offer you HSBC Select – a customised banking proposition offering exclusive privileges and unrivalled personal attention. HSBC Select is designed to provide you with a superior service offering, access to exclusive facilities, preferential pricing, convenient services and personal attention, allowing you greater personal and financial freedom. HSBC all need a helping hand to be able to live HSBC life to the fullest. And in this regard, HSBC believe that we can be your right partner by providing you with HSBC Personal Secured Credit products that will help you meet your needs so that you never have to compromise with all that life has to offer! Personal Secured Credit
If you need funds urgently to meet an unexpected situation, just turn to HSBC. With Personal Secured Credit facility, HSBC can arrange a credit facility for you, secured against time deposits.
Personal Secured Credit
How much can you borrow of Personal Secured Credit?
You can borrow up to 95% of your taka time deposit or WEDBs or up to 80% of your foreign currency time deposit or USDBs.
What is your gain Personal Secured Credit?
You can re-invest your money while your primary investment remains intact and this enables you to have the flexibility to meet short-term commitments without unlocking your long-term investments.
How Interest is calculated Personal Secured Credit?
Interest is calculated daily and is charged on the daily overdrawn balance every 3 months.
Personal Secured Credit:
How do you pay back Personal Secured Credit?
Facilities are repaid when time deposits are withdrawn.
Reference by: HSBC Personal Secured Credit