Use your funds, to get extra funds
Smart Money is an overdraft facility with a deposit guarantee owned by you. With Smart Money, you'll have ready-to-use cash by making your term deposit your collateral.
Benefits include:
- Withdrawal of up to IDR10 billion
- Competitive interest rate compared to other loan facilities
- No facility set-up fee
- The flexibility to choose currencies in US dollars, Indonesia rupiah, euros, Hong Kong dollars and Australia dollars
Things to know about Smart Money
Loan interest rates
You'll be charged a daily floating interest rate based on the amount you've withdrawn. The interest rate is the reference rate minus the margin agreed with the bank.
Interest charges are calculated daily, based on 365 days per year.
Example
Assume you withdrew IDR100,000,000. The reference rate was 13.05% and the customer pricing (agreed margin) was -2.5%.
The interest rate would be 13.05% - 2.5% = 10.55%.
The interest charge would be IDR100,000,000 x (10.55%/365) = IDR28.904 each day (if the amount owing everyday was the same).
Fees
- Application fee: free
- Change limit fee: free
- Annual fee: free
- Cancellation fee: free
The facility tenor is 1 year.
Apply for Smart Money
To apply, contact your Relationship Manager.
For more information, call our Contact Centre on the following numbers:
HSBC Premier customers (inside Indonesia)
HSBC customers without a Premier account (inside Indonesia)
Lines open every Monday to Friday (except holidays) from 08:00 to 17:00.