If you need funds urgently to meet an unexpected situation, just turn to HSBC. With Personal Secured Credit facility, we can arrange a credit facility for you, secured against time deposits.
You can borrow up to 90% of your taka time deposit or WEDBs or up to 80% of your foreign currency time deposit or USDBs.
You can re-invest your money while your primary investment remains intact and this enables you to have the flexibility to meet short-term commitments without unlocking your long-term investments.
Interest is calculated daily and is charged on the daily overdrawn balance every 3 months.
Facilities are repaid when time deposits are withdrawn.