HSBC Asset Backed Consumer Loan

Liquidity at the time you need it.

Benefits

  • Secured with deposits or investments
    Cover your needs without having to liquidate all or part of your portfolio. Simply use your investment products or accounts at HSBC, so that you secure your needs with a minimum amount of €5,000.
  • Floating interest rate
    Benefit from the loan's floating interest rate linked to one month Euribor reference rate plus fixed spread 3% plus the contribution of Law 128/751 as applicable.
  • Ease of repayment
    Loan repayment in monthly installments and loan duration up to 7 years.

Product details

A loan secured by your portfolio enables you to cover consumer needs, without having to liquidate all or part of your portfolio.

Thus, you can take hold of real investment opportunities or to meet your current needs as they arise without having to make any change to your investment portfolio. Indicatively, the products that can be used as security to acquire the loan are:

  • Deposit or Time deposit accounts
  • EIB securities
  • HSBC Global Investment Funds (HGIF), World Selection, BlackRock, Schroders, J.P. Morgan mutuals funds
  • Capital guaranteed deposits

Interest rates

For amounts up to €30.000 and loan duration up to 5 years the loan’s interest rate is floating linked to reference rate Euribor 1M2 (one month) plus spread 3% (Euribor 1M +3%1)

For amounts from €30.000 up to €50.000 and loan duration up to 7 years the loan’s interest rate is floating linked to reference rate Euribor 1M2 (one month) plus spread 3.50% (Euribor 1M +3.50%1)

Example:
 

Total Annual Percentage Rate (A.P.R.): For a loan amount of €30,000, loan application review expenses €250, duration 60 months and 3% interest rate (Euribor one (1) month 0% plus spread 3%), plus contribution of Law 128/75 0.60% annually: 3.84%. 

Loan Amount

Τhe loan amount is calculated based on the security value of the deposit/investment product with a minimum amount of €5,000.

Loan expenses

Loan expenses based on the Bank's price list currently in effect.

The bank does not provide consulting services and does not cooperate with any mediator to promote housing or other loans.

1 Contribution of Law 128/75: 0.60%

One (1) month Euribor: 0% Euribor 1M, which, if becomes less than zero, shall be deemed to be zero

Eligibility

To become a holder of the Asset Backed Consumer Loan from HSBC, it is a prerequisite that you are a holder of specific HSBC investment products or deposit account.

Apply in branch