An approved green purpose includes:
Fixed repayment terms
Interest
Repayment holidays
You could have the option to take a repayment holiday for the first 3 months or every January for the life of the loan. You need to specify if you would like to take one of these options when you apply for the loan. The 3 month repayment holiday must be taken at the start of the loan and can't be offered where more than 70% of the loan is for refinancing existing borrowing. Neither of these options are available when refinancing an existing Premier Personal loan where you've made five or less repayments. Please note that interest is charged over the full term of the loan, including any deferred payments/repayment holidays taken. This means that if you choose to take a repayment holiday, more interest will be payable overall.
Apply for additional borrowing
You can apply to borrow more money either via HSBC branches or telephone banking. If you've made five or less repayments on your existing Premier Personal loan, you won't be eligible for the January holiday or three month deferred start option on your new loan should your application be successful.
Early repayments
You can repay your loan in full at any time by giving us notice in writing, by visiting a branch or by calling us on 03456 00 61 61. Once you've given us notice, we'll give you a settlement figure. It's necessary to pay all the amounts owed if you wish to close the loan. Where you make an early repayment, there may be a reduction in the amount of interest you'll have to pay and this will be reflected in the settlement figure. Please note, there is a penalty of one month's interest for repaying your loan early.
Overpayments
If you take out a loan, you'll be able to make overpayments or lump sum repayments to your loan. These payments may reduce the amount of interest you pay over the term of the loan.
Our credit facilities
You can get full details of our credit facilities, including a written quotation from any of our branches, by writing to:
Customer Information
HSBC Bank plc
PO Box 757
Hemel Hempstead
Hertfordshire
HP2 4SS
Or call us on:
0800 032 4735 (textphone 18001 0800 028 0126)
Lines are open from 8:00 to 22:00 every day (except for Christmas Day, Boxing Day and New Year's Day).
*The representative APR may not be the rate you'll receive. We'll offer you a rate based on our assessment of your personal financial circumstances.