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Personal Exclusive Revolving Credit (PERC)

Personal Revolving Credit (PERC)

Here's a 'PERC' from HSBC - Instant access to extra cash

HSBC's PERC (Personal Exclusive Revolving Credit) facility is your personal cash reserve for any requirement. We understand that your borrowing needs vary throughout the year. A PERC facility gives you flexible funds up to 6 times your monthly salary (up to 6x your monthly salary for HSBC Premier customers, up to 4x your monthly salary for HSBC Advance customers and up to 2x your monthly salary for standard HSBC customers) to manage your cash flow, take advantage of timely bargains, and meet unexpected emergencies and much more, all with just a onetime application.

Even if you don't require it right away, you have the option of applying for an HSBC PERC facility and you can rest easy with the knowledge that your facility has been set up.

Key Features of PERC

Flexible Repayment

Enjoy flexible repayment options from as little as 5% of your outstanding balance or Rs250, whichever is higher. Use your credit repeatedly, and once it's repaid, it immediately becomes available for use again. You are in complete control with the ability to borrow when you need to.

A minimum repayment of 5% of the outstanding balance or Rs.250, whichever is higher within 20 days from the 20th of every month (the repayment period) is required.

Pay Only What you Use

You can borrow only the funds you need, and pay interest on what you borrow and not your total credit limit. There will be absolutely no interest charged if you do not draw on your credit reserve. You can access your cash reserve through:

Personal Cheques , our ATM card (valid internationally) which can access 500,000 ATMs in more than 82 countries and territories including Sri Lanka , our 24 hour Phonebanking service, Personal Internet Banking services or any of our branches

Apply now and take control of your finances

All this comes to you at a competitive variable interest rate.

No security is required for PERC. We can process your application within 48 hours, so you won't be kept waiting for your cash.

To apply for PERC you need to:

  • Be between 18-53 years of age
  • Earn a net salary of LKR40,000 per month
  • Be employed in an organisation recognised by the Bank and be confirmed in your employment
  • Have an account with HSBC for over 3 months to which your salary is credited monthly
  • Continue to remit your salary to the PERC account (this cannot be changed without prior arrangements with the Bank)

To obtain this facility please submit this application duly completed with a letter from your employer (specimen provided on application) along with a copy of the NIC that is verified by the branch against the original National Identity Card


Application forms

Application form - English
Application form - Sinhala - (*Please note : Strictly for reference purposes only)
Application form - Tamil - (*Please note : Strictly for reference purposes only)

Need more information?

For further information, please call our Customer Service Centre on + 94 11 4 4722 00 or stop by at your nearest HSBC branch. You could also contact us via e-mail.