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Paying your debts on time is very important for you and you want to feel that, whatever happens, you will be punctual at your monthly payments. The Consumer Loan Payment Protection Program by HSBC is created especially for you.
The Consumer Loan Payment Protection Program by HSBC guarantees that your monthly payments will be paid in case you are temporarily obliged to stop working.
All you need to know on the Consumer Loan Payment Protection Program by HSBC:
Key Benefits
- Payment of your HSBC consumer loan monthly payments
- Coverage in case you temporarily stop working because of:
- Dismissal or involuntary unemployment
- Hospitalization or treatment
- Temporary disability due to accident, illness etc. - Long term coverage
The Consumer Loan Payment Protection Program by HSBC also offers:
- Low monthly cost
- Fixed premium for the entire repayment term of the consumer loan
- Coverage of the monthly payments of the loan for a long period
- Simple insurance procedures
- No medical questionnaire
Coverages
- If you are an employee under indefinite term of labor agreement in the private sector, the program covers you in case of involuntary unemployment or temporary disability to work due to illness or accident.
- If you are a public servant, temporary staff or self-employed, the program covers you in case of hospitalization or temporary disability to work due to illness or accident
Premiums
Premiums are paid as lump sums during the entire repayment term, are in accordance with the loan amount and the repayment term agreed and are added to the loan amount at the time of loan disbursal. Monthly payments are calculated based on the new loan amount after the addition.
