You're about to leave our website

This hyperlink will bring to you to another website on the Internet, which is published and operated by a third party which is not owned, controlled or affiliated with or in any way related to Standard Chartered Bank (Hong Kong) Limited or any member of Standard Chartered Group ( the "Bank").

The hyperlink is provided for your convenience and presented for information purposes only. The provision of the hyperlink does not constitute endorsement, recommendation, approval, warranty or representation, express or implied, by the Bank of any third party or the hypertext link, product, service or information contained or available therein.

The Bank does not have any control (editorial or otherwise) over the linked third party website and is not in any way responsible for the contents available therein. You use or follow this link at your own risk. To the extent permissible by law, the Bank shall not be responsible for any damage or losses incurred or suffered by you arising out of or in connection with your use of the link.

Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the terms of use and privacy policies of the third party website that you are going to visit.


Proceed to third party website

Enjoy enhanced liquidity of up to 90% of your financial assets value

A man and the reflection in mirror

Enjoy enhanced liquidity of up to 90% of your financial assets value

WealthPro

Standard Chartered presents WealthPro, a multi-purposes facility that offers funding to implement your personal and investment plans while letting you enjoy the flexibility to hold on to your current assets

WealthPro

Daily Loan Interest Rate

Updated on 20-November-2018

Currency
LOAN INTEREST RATE (P.A.)
HKD (For HIBOR-based loan) 3.53%
USD 2.72%
JPY 1.00%
GBP 1.71%
CHF 2.00%
EUR 1.00%
AUD 2.75%
NZD 2.98%
CAD 3.50%
SGD 3.28%

Remarks:

  1. The interest rates stated herein are for reference only and may change without prior notice to customers. If you have any queries, feel free to visit the Bank’s branches or contact your Relationship Manager or our Customer Service Hotline at 2282 1538.
  2. HIBOR means the Hong Kong Interbank Offered Rate offered on Hong Kong dollar loans in the interbank market.
  3. HKD loan interest rate for Prime-based loan is Prime rate – 3.5%.
  4. Prime rate means the Hong Kong Dollar Prime Lending Rate quoted by the Standard Chartered Bank (Hong Kong) Limited (“Bank”) from time to time.
  5. Please refer to the Key Fact Statement provided to you upon WealthPro application or contact your Relationship Manager for the loan interest rate details.

a gift box with checkers wrap and golden ribbon on the concrete floor

EXCLUSIVE OFFERS FOR NEW CLIENTS

Clouds reflected in windows of modern office building

To borrow or not to borrow? Borrow only if you can repay!

Disclaimers
  • The examples are hypothetical and solely for illustrative purpose, which are not based on the past performance of foreign currencies/ any investment products stated herein. It should not be relied on as an indication of actual and/or future movement of foreign currencies/ unit prices.
  • The examples do not include all possible scenarios and factors affecting expected return.
  • The return ratio and loan interest rate are for reference only which do not guarantee and represent the actual and/or future return and cost of loan.
  • The Lending ratio stated are for reference only and may change without prior notice to customers. Not all collaterals are subject to the same lending ratio. Please contact your Relationship Manager if you would like to know about the Lending ratio of each collateral.

Important Note

  • WealthPro (“Facility”) is subject to annual renewal with credit review by Standard Chartered Bank (Hong Kong) Limited (the “Bank”).
  • Facility is subject to mark-to-market and margin call action may be required by the clients.
    If the outstanding loan amount exceeds the line limit, the Bank will have the right to request you to provide additional collateral or to pay down any outstanding loan amount exceeding the line limit, or even the right to sell down the collateral in order to pay off the amount by which any outstanding loan amount exceeds the line limit. The Bank, at the Bank’s discretion and by notice to you, may impose a higher rate of interest on any amount which may be made available to you or which is outstanding in excess of the line limit.
  • For new applications of the Facility, approval will be granted based on a satisfactory credit check and other validation of your information. A credit report provided by the TransUnion Limited will also be considered.
  • Interest rate is a daily interest rate set by the Bank based on respective currency’s benchmark interest rate index. The reference rate may vary daily. For details, please visit the Bank’s branches or www.sc.com/hk. Interest accrues daily based on the outstanding loan amount and is calculated on the basis of a 365 day year (or a 366 day year in the case of a leap year) for loan in HKD/GBP/SGD and a 360 day year for loan in USD/EUR/JPY/AUD/NZD/CHF/CAD. Interest is charged to the overdraft account on the last day of each month.
  • Outstanding loan amount
    The aggregate amount of all drawings/utilisations/interest charged/fees and other charges payable under the Facility outstanding at any time.
  • Maximum Line Limit
    The Maximum Line Limit is the maximum overdraft amount permitted under the Facility which is determined by the Bank from time to time. If the aggregate outstanding loan amount exceeds the Maximum Line Limit, the Bank will have the right to require you to repay any outstanding loan amount exceeding the Maximum Line Limit within 45 days.
  • Current Line Limit
    The Current Line Limit is the actual amount that you can borrow under the Facility and will be adjusted by the Bank according to the market value of the collateral and the respective Lending ratios. It is capped at the Maximum Line Limit which will be notified to you in the facility letter extending a Facility to you, if the Bank accepts your application. If the outstanding loan amount exceeds the Current Line Limit, the Bank will have the right to request you to provide additional collateral or to pay down any outstanding loan amount exceeding the Current Line Limit, or even the right to sell down the collateral in order to pay off the amount by which any outstanding loan amount exceeds the Current Line Limit.
  • Lending ratios
    The Lending ratio of collaterals ranges from 0% to 90%. For instance, a Lending ratio of 90% means the Bank may lend up to 90% of the market value of the collateral. For each tier of Lending ratio, a Top-up ratio and a Sell-down ratio (both as detailed below) are assigned as follows
    (The ratio stated below are for illustrative purpose only and may not be actual ratios.)
Lending ratio 0% 50% 60% 70% 80% 90%
Top-up ratio 0% 60% 68% 76% 84% 92%
Sell-down ratio 0% 75% 80% 85% 90% 95%

Not all collaterals are subject to the same Lending ratio. Please contact your Relationship Manager if you would like to know about the Lending ratio of each collateral. The Bank reserves the right to at any time review, reduce or otherwise vary the Maximum Line Limit, Current Line Limit, the Lending ratios, the Top up ratios and the Sell-down ratios in accordance with its internal credit policy and valuation methodologies, including without limitation:

  • the value of any collateral that has been provided as security for the Facility
  • the type of collateral that has been provided as security for the Facility
  • the concentration of any particular type of collateral that has been provided as security of Facility

Where the Bank is of the view that the collateral that has been provided as security for the Facility is insufficient security for the outstanding loan amount under the Facility, the Bank has a right to require that you either provide additional eligible collateral or repay the outstanding loan amount (if any).

  • Top-up ratio and Top-up threshold
    The Top-up ratio is the ratio (specified as a percentage assigned by the Bank) of the outstanding loan amount to the market value of a collateral. The Top-up threshold, in turn, is calculated by multiplying the market value of each collateral by its assigned Top-up ratio and aggregating each collateral’s amount. If the outstanding loan amount reaches or exceeds the Top-up threshold, the usage of the Facility will be suspended. You are recommended to provide additional collateral or to reduce the outstanding loan amount so that it is less than the Current Line Limit.
  • Sell-down ratio and Sell-down threshold
    The Sell-down ratio is the ratio (specified as a percentage assigned by the Bank) of the outstanding loan amount to the market value of a collateral. The Sell-down threshold, in turn, is calculated by multiplying the market value of each collateral by its assigned Sell-down ratio and aggregating each collateral’s amount. If your outstanding loan amount exceeds the Sell-down threshold, the Bank may (whether or not the Bank has notified you of such a decision) exercise its right to sell down your collateral as soon as practicable, in such manner and order as the Bank may deem fit, to pay off the amount by which the outstanding loan amount exceeds the Current Line Limit.
  • Should there be any inconsistency or conflict between the English and Chinese versions, the English version shall prevail

Risk Disclosure Statement

  • Interest rates may rise during the term of the Facility. It is impossible to predict accurately changes in interest rates and they could possibly rise substantially. Borrowing costs under the Facility could turn out to be much higher than expected.
  • Customers may be called upon at short notice to deposit substantial additional collateral to maintain their position, and a forced sale of assets, without Customer’s consent, may be necessary, including (but not limited to) in cases where (i) a Customer experiences difficulty in servicing its borrowing under the Facility, (ii) the market value of the collateral falls below the minimum level required by the Bank, (iii) the Lending ratio, Top-up ratio or Sell-down ratio in respect of the collateral is adjusted downwards by the Bank, or (iv) the Bank decides to not to renew the Facility at the annual review. The risk of loss in financing a transaction by deposit of collateral is significant, and Customers may sustain losses in excess of any cash and any other assets deposited as collateral and will remain liable for any resulting deficit in Customer’s account.
  • If a Customer purchases investment funds/assets/schemes or any assets in respect of which there is a risk of capital loss with the Facility, Customer should note that the risks will be magnified as they will have a larger amount of capital at risk. Customer should consider carefully before deciding to borrow to finance the holding or purchase of any such assets, and should take independent professional advice before taking out the Facility or purchasing any such asset.
  • If the currency of the loan is different from the currency of the underlying collateral, foreign exchange rate risk implications may affect the value of the loan and underlying collateral. Foreign exchange rates can be highly volatile and can be affected by many external factors such as changes in political and economic policy (both overseas and locally), political instability, wars, natural disasters and global market movements.
  • WealthPro is subject to the risk of market fluctuation. The value of the Customer’s holdings may be reduced as a result. Customer should have sufficient net worth to be able to assume the risks and bear the potential losses of leveraged investments. Establishing a stop loss level may help limit the amount of losses but the order may be executed at a worse-off price and may not always be effected because market conditions may make it impossible to execute such order.
  • The use of leverage in investment means that relatively small price movements will have a multiplying effect on Customer’s corresponding gains or losses, and the degree of investment risk Customers face is greatly increased. The risk of loss in leveraged trading can be substantial. A high degree of leverage can work against Customers as well as for them, and the use of leverage can lead to large losses as well as gains. Customer may sustain losses in excess of Customer’s initial margin funds. Placing contingent orders, such as “stop-loss” or “stop-limit” orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. Customer may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, Customer’s position may be liquidated. Customer will remain liable for any resulting deficit in Customer’s account. Customer should therefore carefully consider whether such trading is suitable in light of Customer’s own financial position and investment objectives.
  • The Hong Kong Monetary Authority or other governmental or regulatory bodies may take action which has the effect of curtailing or placing restrictions on the Bank’s ability to trade in respect of open positions, and Customer may consequently be required to close or reduce its open positions with the Bank.

Enquiry Hotline: 2886 8868