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- Fixed Term Loan Repayment Program for Professionals
If you are a professional with a fixed term loan from HSBC and want to feel that you and your business are covered regarding the loan repayment, then what you need is the Fixed Term Loan Repayment Program for Professionals from HSBC.
All you need to know on the Fixed Term Loan Repayment Program for Professionals by HSBC:
Key Benefits
- Repayment of the remaining debt in case of death
- Repayment of the remaining debt in case of total disability due to accident or illness
- Monthly compensation in case of temporary disability due to accident
The Fixed Term Loan Repayment Program for Professionals by HSBC also offers:
- Low annual cost
- Fixed premium for all the repayment term
- Coverage of monthly payments for a long term
- Maximum insurance coverage of 84 months
- Simple insurance procedures
- No medical questionnaire
Criteria
The Program is addressed to loan customers who, by the time of the insurance, are:
- 18 years old, minimum
- 64 years old, maximum
- in good health
- insured
Premiums
The premium of the Fixed Term Loan Repayment Program for Professionals by HSBC:
- is paid as lump sum at loan disbursal
- is in accordance with the repayment term
- you can calculate it if you multiply the loan amount by the fixed factor
- is added to the loan amount at the time of the disbursal
The monthly payment is calculated based on the new amount, after the addition.
Analytically, the premium cost calculation is based on the following table:
| Loan Term | Mixed Premium Percentage |
| Up to 12 months | 0,914% |
| From 13 up to 24 months | 1,329% |
| From 25 up to 36 months | 1,673% |
| From 37 up to 48 months | 2,026% |
| From 49 up to 60 months | 2,392% |
| From 61 up to 72 months | 2,851% |
| From 73 up to 84 months | 3,477% |
