Asset Backed Consumer Loan

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

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, duration 60 months and 3% interest rate (Euribor one (1) month 0% plus spread 3%), plus contribution of Law 128/75 0.60% annually: 3.66%. 

Note: the above vary depending on the purpose, the amount and the duration of the loan.

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

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

No charge of administration fees.

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%

² One (1) month Euribor: 0% Euribor 1M, which, if becomes less than zero, shall be deemed to be zero

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.

Call 801 11 71717 or

Visit a HSBC branch to apply.