Secured Line of Credit

For Key Facts Statement for Secured Line of Credit, please click here.Key Features

A wide range of assets for pledging

Standby credit line of up to 100% of the asset value

Flexible interest charges

Revolving credit line

Overview

Type of Assets	Currency	Lending Ratio (% of Asset Value)	Overdraft Interest Rate (p.a.)
Time Deposits	HKD	Up to 100%	Secured Line of Credit Time Deposit Rate + 2% OR Prime Rate (whichever is higher)
	HKD	Up to 100%	DBS Treasures Secured Line of Credit Time Deposit Rate + 2.5% OR 3-month HIBOR (whichever is higher)
	Foreign currency (as accepted by the Bank from time to time)*	Up to 90%**	Secured Line of Credit Prime Rate +2%
		Up to 90%**	DBS Treasures Secured Line of Credit Prime Rate -1% OR 3-month HIBOR (whichever is higher)
Structured Investment Products (Selected)
1. Maturity within 5 years	HKD/USD	Up to 70%	Prime Rate -1%
2. Maturity in 5-10 years	HKD/USD	Up to 50%	Prime Rate -1%
Bonds (Selected)	HKD/USD	Up to 75%	Prime Rate -1%
Securities (Selected blue-chips)	HKD	Up to 50%	Prime Rate -1%

^* Currently, the Foreign Currency Time Deposits Accounts that are accepted by the Bank are AUD, CAD, EUR, GBP, JPY, NZD, SGD, RMB and USD (JPY is not applicable for Secured Line of Credit.) and they are subject to change. The Bank has the sole discretion to accept other type(s) of time deposit account as secured asset.
** Standby Credit Line is calculated by reference to the FCY pledge ratio and the exchange rate as determined by the Bank. Customers can approach either Call Centre or their Relationship Managers for the current exchange rate.

Notes

Prime Rate refers to the Hong Kong Dollar Prime Lending Rate as quoted by DBS Bank (Hong Kong) Limited (the "Bank"). HIBOR refers to the Hong Kong Dollar Inter-bank Offer Rate.
The Bank reserves the right to make all final decisions on the approval of the asset((s)) eligibility, the lending ratio(s) and interest rate(s) for the Secured Line of Credit, as well as the approval of the application without prior notice.
The Structured Investment Product is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.

Features

A wide range of assets for pledging

A number of assets maintained with DBS are acceptable as collateral, including time deposits, structured investment deposits, securities and bonds.

Standby credit line of up to 100% of the asset value

Depending on the asset type, the lending ratio can reach up to 100% of the asset value.

Flexible interest charges

No minimum repayment. Interest is calculated based on the daily utilised overdraft amount, to suit your short-term or cash needs.

Revolving credit line

The credit limit will be automatically restored upon each repayment, allowing you to get extra standby cash without re-application.

Others

Overdraft available in HKD
No minimum repayment
Customer-friendly lending rates

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Secured Overdraft Standard Terms and Conditions

More Points to note(i) Customer should rectify the collateral shortfall on or before the deadline shown on the Margin Call on Banking Facilities letter regardless of whether the deadline is on a day with Severe Weather*; and(ii) If customer fails to rectify the collateral shortfall, the Bank may take the relevant action(s) as provided for in the Facility Documents, including but not limited to liquidating any collaterals on a day under Severe Weather Trading or any business day thereafter as soon as practicable.

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