A. Introduction
We are interested in the loan services in the Hongkong and Shanghai Banking Corporation Limited (HSBC) because nowadays a lot of people have impulsive consumer behavior to bring about a loan. We think that loan services are important to finance a vacation or to make a tax payment, depending on the needs of the customer.
We will search the website of HSBC to find the useful information of loan services. It is because the information of HSBC is believable and useful.
B. Features / Characteristics of the Banking Products or Services
We choose the personal installment loan and revolving credit facility.
A personal installment loan is an HSBC loan that allows you to borrow up to HKD800, 000 and repay the loan in fixed installments.
Personal installment loan features are:
• Fast loan application approval and cash withdrawal within 5 minutes to provide you instant cash needs.*
• You can redraw the amount you need or the entire repaid principal without re-application**.
• Borrow a personal loan of up to HKD800, 000 or 8 times your monthly salary, whichever is lower.
• Benefit from great rates - the higher the personal loan, the lower the interest.
• Enjoy a personal loan repayment schedule of 6 to 48 months according to your needs.
• Proof of income is not required if you have been maintaining a payroll account with HSBC for the past one month. Irregular income earners (including customers working as part-time, on commission or profit sharing basis) are required to provide income proof of the past 3 months.
*Applications have to be submitted during the Bank's service hours (Mon-Fri: 9am-8pm, Sat 9am-1pm, accept public holidays, or individual branch's opening hours) with all required information (including withou...
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... in the app to provide the customers. It can increase HSBC bank’s image.
The consumers need to consider when choose the loan services. Customers need to consider that is it has enough ability to repay a debt and expensive interest rate.
Works Cited
1) Hong Kong Institute of Bankers, Essentials of Banking and Financial Planning Study Manual, 2006, Chapter 2, pp. 1-22
2) Hong Kong Institute of Bankers, Hong Kong Banking System and Practice, 4th Edition, 1998, Chapter 7, pp.102-119
Website
1. http://www.hsbc.com.hk/1/2/home
2. http://wiki.answers.com/Q/What_are_the_Advantages_and_disadvantages_of_a_bank_loan#slide2
3. http://www.standardchartered.com.hk/borrow/loans-revolving-cash-card.html
4. http://www.hsbc.com.hk/1/2/special/loans/rcf
5. http://www.standardchartered.com.hk/borrow/loans-personal-instalment.html
6. http://www.hsbc.com.hk/1/2/hk/loans/pil
Block, S. B., & Hirt, G. A. (2005). Foundations of Financial Management (11th ed). The
...hey have easy online tools ,multiple purchase types and also you can access your funds in little as 24 hours. The loan amount ranges from $7,500-1,000,000 dollars. Last of all there is U.S. Bank which offers the same low rates loans on both used and new. There is also no down payment requirement and also they have same day credit decisions. I picked the 60 month loan which is 3.20%.
Review the complaint to determine the customer’s complaint or concerns regarding the servicing of their loan.
【b】Frederics S, Mishikin and Apostolos Serletis. "Chapter 13: Banking and the Management of Financial Institutions " The economics of money, banking and financial market. 5th Canadian. Pearson, 306. Print.
Designed for the people having a large sum of loan to pay, compared to your monthly income.
Melicher, Ronald W. and Edgar A. Norton (2014). Introduction to Finance (15th ed.). Hoboken, N.J.: John Wiley & Sons, Inc.
This chapter covers the overview of the country in a short history, banking system, commercial banks and interest rate theory. The chapter provides also the theoretical review of interest rate and profitability.
"Must provide the borrower(s) with a financing agreement executed by the lender, within 10 business days after receipt of the initial loan application.
Let’s face it! Loaning companies will try to scam you out of every penny they can get. They don’t care about your education, or how big of a salary you are going to have. Instead of you, these companies care about their wallets and how
Once 27cash receives your application, we will review it and try to match you potential lenders. Pre-screening a
...ence of Capital Measurement and Capital Standards’, Basle Committee on Banking Supervision, vol.1, no.1, p1-28.
Unlike bank loans, you don 't have to wait several days to find out if your application has been approved. You will usually receive notification in about 24 hours about the status of your loan application. If you are approved for a loan, the money will be directly deposited into your guarantor 's bank account, so you will have instant access to the funds.
Customer present properly accomplished deposits slip with this instrument to the clearing teller. Clearing banker accept deposit slip and instruments and check deposit slip
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