Personal Credit Line

A personal credit line combines the flexibility of an overdraft with the convenience of a personal instalment loan. It works just like a credit card, allowing you to obtain cash whenever you need it, with the option to repay a low minimum amount every month. Since the loan is a revolving credit line, you will never need to top-up your loan again. A personal credit line provides the following:

Benefits and Features

• Generous loan limit 
  Enjoy loan limit of up to 12 times your monthly gross income. This means that your loan limit increases as your income grows!
  
• Flexible payment options 
  With personal credit line, you can withdraw and repay the funds anytime and enjoy the flexibility of a revolving loan. You only need to repay a minimum of 1.8% of the outstanding balance each month.
  
  An automatic payment system will be set up, for either type of loan, so you will never miss a payment. Simply specify your salary account to be used for the repayment and we will do the rest.
  
• Flexible Repayment Period
  As this is a revolving personal loan, it will only expire when you turn 49 years old. As such, you can use it repeatedly without having to reapply every time.
  
• Efficient and speedy approval
  You need to apply only once and it will be available for you to use at any time you deem necessary. Approval can be obtained in less than 3 working days.
  
• Interest
  Interest is charged only on the amount utilised. It works like a credit card and as such, the amount you pay each month will increase or decrease depending on your outstanding balance.
  
• Easy access
  Your funds are made available to you via a variety of means:
  
  • Cheques (for current accountholders)                    • HSBC counters
  • Transfers through our phone banking service        • ATMs
  
  As our HSBC customer, you can enjoy the convenience of being able to access cash at over 500,000 ATMs in over 80 countries and territories worldwide. You will never have to worry about cash when you are overseas, should the need arise.
  
• Fees & charges
  Application fee: BND150
  Annual fee: BND150

Eligibility

• Aged between 18 and 49 years
• Salary credited to an HSBC account by autopay, hexagon, standing instruction from employer's account or from other banks by way of a cashier order
• For Personal Credit Line, minimum gross monthly salary of BND750 for locals must be met (not applicable to expatriates)

Basic documentation requirements

Visit your nearest HSBC branch and bring along the following documents:

• Brunei Identification card or passport
• Employer’s letter confirming salary
• Employment contract
• Salary slip (last 3 months)
• Bank book or bank statements (last 6 months)

Terms and Conditions apply.