Priority Banking
Tax Loan
Secured overdraft facility offers you extra liquidity for your assets. It provides greater flexibility and freedom for your financial arrangement. Interest rate is as low as Prime - 2% p.a.
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% CAD / CHF / EUR / GBP / USD – 90% AUD / JPY / NZD – 80% |
What are the charges?
| Overdraft Facility |
Interest Rate (p.a.)^ | Annual Fee |
| Floating Overdraft Facility Secured by Deposit |
Priority Banking Customer: Prime – 2%* Excel Banking Customer: Prime – 1%* |
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.
*Preferential interest rate only valid until 31st December 2008
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.
Risk Disclosure Statement:
The prices of securities fluctuate, sometimes dramatically. The price of the units / shares of a unit trust or mutual fund may move up or down and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling unit trusts or mutual funds. Past performance of any unit trust or mutual fund is no guide to its future performance. Investors should read the offering documents and latest results information carefully and are advised to seek independent financial advice before making any investment decision.