Secured Personal Loan (Term Deposit)
| Islamic Finance | No |
| Minimum Salary | AED N/A |
| Minimum Age | 21 years |
| Maximum Age | 65 years |
| UAE Nationals Eligible | Yes |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | Yes |
| Salary Transfer Required | No |
| Employment Criteria | Must have a Term Deposit with HSBC. |
| Minimum Loan Amount | AED N/A |
| Maximum Loan Amount | AED N/A |
| Minimum Loan Tenure | 12 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | N/A |
| Reducing Interest Rate: | 4.35% - Fixed rate of 4.35% APR on reducing balance. |
| Processing Fee: | 0.00% - No arrangement fees. |
| Early Settlement Fee: | 0.00% - No early settlement fee. |
| Late Payment Fee: | N/A |
| Insurance Fee: | N/A - No credit life insurance required. |
Required Documents
Emirates ID, proof of Term Deposit with HSBC.
Additional Benefits
Loan amount up to 90% of Term Deposit value.
Features:
Fixed interest rate, monthly installments, no early settlement fee.
General Notes
Loan term cannot exceed Term Deposit tenure.
