Personal Exclusive Revolving Credit (PERC)

Our Personal Exclusive Revolving Credit (PERC) provides you with a convenient means of having access to that extra cash. You have peace of mind knowing you have cash in hand of up to twice your monthly net salary as a revolving overdraft facility, so you are in control to cash in on those timely bargains, or meet any unexpected expenses.

Low interest rate

You pay interest only when you draw on your cash reserve and at a preferential interest rate.

The most convenient access

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 service
• Any of our branches

The benefits of PERC include:

Credit facility with revolving features

This convenient facility can be used repeatedly without having to reapply every time.

Flexible repayment

You can enjoy the repayment flexibility to choose from a minimum of 5% up to 100% (Principal + Interest) payable within 20 calendar days from the 20 of each month. Interest will be calculated daily on the outstanding balance upto the 19 of each month and charged to the PERC account on the 20. From the 20 onwards interest will be calculated on the total outstanding (principal + interest) until a repayment is made (If no repayment is received within the period specified a fee of LKR250 will be levied).

All you have to do is just ensure that your salary is credited to the PERC account within the repayment period to meet this arrangement.

There will be absolutely no interest charged if you do not draw on your cash reserve.

All these privileges come to you for a one off set-up fee of LKR500.

Apply now and take control of your finances

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 nett salary of LKR30,000 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 - English(Premier) Application form - English(Advance) Application form - Sinhala - (*Please note : Strictly for reference purposes only)
Application form - Tamil - (*Please note : Strictly for reference purposes only)

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.