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AssetLink

AssetLinkAssetLink is an Overdraft or a Loan facility granted against your Investments or Deposits held with us. You continue to earn interest on your entire Deposit, while getting ready funds to cover your requirements and enjoying a flexible repayment schedule. It is like breaking your deposit without losing out on the interest.

Investment products available include HSBC’s Capital Secured Growth Funds and Amanah Principal Protected Funds in addition to the deposits and bank guarantees.

AssetLink loans are available from a minimum of USD 50,000 or its equivalent in Lebanese Pound (LBP) to a maximum, which varies according to security. The maximum period of the loan is 4 years while for the Overdraft the maximum repayment period is 12 months renewable.

The extent of advances on securities is:

For AssetLink Loans in LBP

LBP deposits  

90% of the value of deposit

For AssetLink Loans in USD

LBP deposits  

50% of the value of deposit

GBP or EUR deposits  

80% of the value of deposit

USD deposits  

90% of the value of deposit

Capital Secured Growth Funds  

70% of the value of investment



Eligibility and Requirements

  

Minimum age of 18  

  

Previous banking relationship with HSBC at the time of application is not required, but the applicant will be required to open a Current Account under Lien or a SuperSaver account if the loan is approved

Letter of pledge and set off on deposits or investments must be signed

Original ID card or passport (for sighting)


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