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Asset-Link Finance

Your Deposits are opportunities

With Asset-Link Finance, you will continue to earn interest on your Savings Certificate, while having easy access to funds to cover financial requirements.

Asset-Link Finance provides immediate access to your deposits, when you need them. It's like having access to your money without having to liquidate the deposit and without losing out on the interest of the deposit. A Debit Card and/or cheque book can also be issued to operate the account. This facility is available to Egyptians nationals and expatriates as per the following matrix:

Facility Savings Certificate Time Deposits
(Foreign currency Only)
Personal Finance 95% of security 95% of security
  in the same currency


Facility Savings Certificate Saving Certificate / TMD (Foreign Currencies)
Overdraft 90% of security 90% of security

Foreign currency facility against national local currency is not allowed

  • Maintain deposits and/ or investments with HSBC acceptable deposits. Investments must be in the form of saving certificates and time deposits
  • Facilities in EGP must be secured by Saving Certificates in EGP, and facilities in foreign currency must be secured by Deposits in foreign currency
  • Finance amount must not exceed 95% of security amount if secured by time deposits or saving certificates
  • Valid National Identification card (for Egyptians)
  • Valid Passport and Valid Residency (for Foreigners)

What is Asset Linked Finance?
The Asset-Linked Finance is a facility granted against savings accounts, saving certificates or time deposits held with HSBC whereby you can have enough liquidity to fulfil your needs without having to withdraw cash from your savings and continue to earn interest on these savings.

How is the interest rate calculated for Asset Linked Finance?
Interest rate is calculated based on Bank announced rate at the time of application, Interest rate will stay fixed during the finance tenor therefore the finance installments and the finance tenor will stay fixed.

Why choose Asset Linked Finance?
This loan type is flexible, customers will be able to benefit from needed liquidity without having to withdraw cash from their savings and continue to earn interest on these savings.

If I want to settle my Asset Linked Finance is there any fees I should pay?
No, you will only be required to pay your outstanding total finance amount, no extra fees will be required.


Arabic

Asset-Link Finance

Your Deposits are opportunities

With Asset-Link Finance, you will continue to earn interest on your Savings Certificate, while having easy access to funds to cover financial requirements.

Overview

Asset-Link Finance provides immediate access to your deposits, when you need them. It's like having access to your money without having to liquidate the deposit and without losing out on the interest of the deposit. A Debit Card and/or cheque book can also be issued to operate the account. This facility is available to Egyptians nationals and expatriates as per the following matrix:

Facility Savings Certificate Time Deposits
(Foreign currency Only)
Personal Finance 95% of security 95% of security
  in the same currency
Facility Savings Certificate Saving Certificate / TMD (Foreign Currencies)
Overdraft 90% of security 90% of security

Foreign currency facility against national local currency is not allowed

Eligibility

  • Maintain deposits and/ or investments with HSBC acceptable deposits. Investments must be in the form of saving certificates and time deposits
  • Facilities in EGP must be secured by Saving Certificates in EGP, and facilities in foreign currency must be secured by Deposits in foreign currency
  • Finance amount must not exceed 95% of security amount if secured by time deposits or saving certificates

Required Documents

  • Valid National Identification card (for Egyptians)
  • Valid Passport and Valid Residency (for Foreigners)

FAQs

What is Asset Linked Finance?
The Asset-Linked Finance is a facility granted against savings accounts, saving certificates or time deposits held with HSBC whereby you can have enough liquidity to fulfil your needs without having to withdraw cash from your savings and continue to earn interest on these savings.

How is the interest rate calculated for Asset Linked Finance?
Interest rate is calculated based on Bank announced rate at the time of application, Interest rate will stay fixed during the finance tenor therefore the finance installments and the finance tenor will stay fixed.

Why choose Asset Linked Finance?
This loan type is flexible, customers will be able to benefit from needed liquidity without having to withdraw cash from their savings and continue to earn interest on these savings.

If I want to settle my Asset Linked Finance is there any fees I should pay?
No, you will only be required to pay your outstanding total finance amount, no extra fees will be required.


For General Terms and Conditions click here

For Schedule of Charges click here

Ready to apply?

Apply online and our representative will call you back within 60 minutes* to proceed with your request.

Enjoy priority processing for your application and faster finance credit when you apply online.
 

Have us call you



 

Alternatively call us:

+202 2529 1010

 

or

 

Visit the nearest HSBC branch

 

 

*Our team is available from Sunday to Thursday, 9.30am to 3.30pm.

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This link may allow you to access a non - HSBC website. HSBC Bank Egypt S.A.E has no control over the linked website and is not liable for your use of it.

You are leaving hsbc.com.eg

This link may allow you to access a non - HSBC website. HSBC Bank Egypt S.A.E has no control over the linked website and is not liable for your use of it.