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HSBC Smart Money

Not everything secure has to be fixed

Product Overview

Unlock the potential of your fixed deposit

HSBC's Smart Money facility is a secured facility, where you can pledge your fixed deposits as security and utilize up to 90% of the value of your fixed deposits as either an overdraft or an installment loan.

Smart Money lets you enjoy the benefits of your time deposits, while giving you access to cash anytime you need it. Your Time Deposit will continue to earn interest while up to 90% of the time deposit value can be in your pocket through an overdraft or a loan.

Benefits of Smart Money

  • Withdraw up to 90% of your time deposit value
  • Secured Overdrafts

    Pay only what you use (Only pay interest on what you utilize out of your secured overdraft limit. There will be absolutely no interest charged if you do not draw on your credit reserve)

    By placing new time deposits, you can increase the overdraft limit on Smart Money at any time.

  • Attractive interest rates compared to unsecured lending facilities
  • Secured Installment Loans

    Select a repayment period of up to 3 years if you chose an installment loan.

    Option of repaying the loan based on a reducing balance or an equal installment scheme 

Eligibility criteria for Smart Money

You're eligible to apply for HSBC's Smart Money facility if you are:

  • between 18 and 55 years of age
  • a Sri Lankan citizen residing in Sri Lanka 
  • a new or an existing HSBC customer with a minimum fixed deposit amount of LKR100,000 or the equivalent in foreign currency amount at any HSBC local branch.

How to apply for Smart Money

To obtain this facility please visit one of our branches or speak to your relationship manager. Your application should be processed within 24 hours.  

Call us on

HSBC Premier hotline: +94 11 447 2272

HSBC General hotline: +94 11 447 2200

Smart Money Rates

Floating interest rates are subject to change in line with market rates. General terms and conditions will apply. 

Frequently asked questions

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