Secured Overdrafts
Take advantage of new opportunities
Secured overdraft is a facility that's based on any investments or deposits you have with us. It's like breaking your time deposit or investment, without losing out on the interest or returns.
Here's what you get:
- Borrow upwards from a minimum of BHD 2,500
- Available in BHD dirhams, USD & GBP
- Attractive Interest Rates
Plus:
- Free debit card and a cheque book – your overdraft is set up on your HSBC Current Account.
- Available from 3 months to 1 year.
- Renewable every year.
You can get a Secured Overdraft if:
- You're at least 21 years of age.
- You have an HSBC Current account
- You have an HSBC Term-Deposit or an HSBC Investment in Bahrain.
| Overdrafts | |||
| Branch Banking | Advance* | Additional information | |
| Interest Rates | Ranges from 10.25% to 13.75% based on financial assessment | ||
| Administrative Fees | Ranges from 0.75% to 1.00% | ||
| Early Settlement Fees | |||
| Personal/Auto Loans | 1% of outstanding OR BD100/- whichever is lower | ||
| Mortgage Loans | 0.75% of outstanding OR BD200/- whichever is lower | ||
| Postponement of Installment | 25.000 | BD25/- per installment + interest | |
| Loan Past Due (monthly) | 10.000 | 2% Penalty Interest to be charged in addition to the Late Payment Fee. | |
| Loan Balance Certificate | 10.000 | ||
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