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Line of Credit
Product Overview
A Business Line of Credit, also known as Working Capital Financing, is a short-term credit line to cover your account receivables and account payables as well as any unforeseen financial needs.
Benefits
- Revolving credit line with limit
- No interest charged on unused credit
- No withdrawal charge
- Funds can be transferred to HSBC deposit accounts electronically or manually
- Flexible repayment options
Product Features
- Annual review required (Rollover at one or three month intervals)
- Maximum tenor : 1 year
- Monthly interest payments with payoff at anniversary
- Rates depend on credit rating and collateral/security (Prime rate of loan + additional rate)
- Variable interest rates (subject to change with market conditions - Please consult your Relationship Manager for current rates)
- Fees : Stamp tax, taxes and expenses incurred in collateralizing a security, appraisal fee, etc (if applicable)
Act now
Please contact the Commercial Customer Service Centre at 1588-7639 or visit a Commercial Banking Centre for more details.
