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Secured overdraft facility offers you extra liquidity for your assets. It provides greater flexibility and freedom for your financial arrangement.
What is a secured overdraft?
A secured overdraft is a stand-by facility where you are able to get a reserved fund of up to 95% of value lien against various types of asset. Such a reserved fund can easily be accessed through cheque write-up, branches, ATMs, etc.
What are the benefits of a secured overdraft?
A secured overdraft allows you to maintain your investment portfolio for long-term capital appreciation while capturing every investment opportunity or meeting other short-term financial needs.
What are the types of eligible asset?
| Asset Type |
Maximum Loan to Value Ratio |
| Deposit | HKD – 95% AUD / CAD / CHF / EUR / GBP / JPY / NZD / USD – 80% |
What are the charges?
| Overdraft Facility |
Interest Rate (p.a.)^ | Annual Fee |
| Floating Overdraft Facility Secured by Deposit |
Priority Banking Customer: Prime – 1% Preferred Banking Customer: Prime |
N/A |
Interest is charged on daily outstanding balance only.
^ Prime Rate means the Hong Kong Dollar Prime Lending Rate quoted by the Bank from time to time.
Who is eligible?
| Overdraft Facility |
Eligible Customers |
| Floating Overdraft Facility Secured by Deposit | Customers with time deposit or savings deposit at Standard Chartered Bank (Hong Kong) Limited |
How to apply for a secured overdraft?
You can simply visit any of our branches or contact your dedicated relationship manager.