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Deposit Backed Loan
Product Overview
When urgent financing is needed, you are eligible for a loan using either your time deposits, as collateral.
Product Features
- Eligibility : Saving account holders(*) over the age of 20 who are domestic resident
(*) Eligible for 'Term Deposit Product, HSBC Power Double Chance Index Deposit, HSBC Power Double Chance Index Deposit Ⅱ, HSBC BRIC Currencies Alpha Deposit Ⅱ' - Loan Limit : KRW 5,000,000 ~ KRW equivalent to USD 5,000,000 (Max 90% of remaining balance)
- Loan Tenor : Less between deposit maturity and 1year (extendable by 1year till the maturity)
- Repayment Method : Repayment at maturity
- Prepayment Fees : None
- Loan Rate : General term deposit (base) rate+1% p.a.~1.5% p.a.
▪ All figures subject to change depending on predetermined changes in criteria.
