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Green Loan

To apply call +356 2380 2380 or

Caring for the environment

Loan Amount

You may borrow from a minimum of €600 to a maximum of €30,000 subject to income and other criteria.

Purpose of loan

Green Loans may be used to finance environmentally friendly and energy saving products and services for personal use. A full list of eligible products and services is available here.

Interest Rate

Through a Green Loan you may benefit from a preferential variable interest rate of 4.85% (i.e. a margin of 2.35% over the Bank's Base Rate which on 31st March 2015 was 2.5%).

Eligibility

To apply for a Green loan you must be a resident of Malta, and aged 18 or over. Other eligibility criteria may apply.

Early repayment fees

There are no early repayment fees on Green Loans. You can repay your loan in full at any time.

Documentation

When you apply for a Green Loan, we will ask you to present your ID card, together with evidence of income. If you are employed, you will need to provide your latest FS3 and the latest three months’ payslips. If you are self-employed, we will ask you for an up-to date income tax returns for the last three years.

We may also ask for other documentation, depending on your individual circumstances.

Other information

When you apply to borrow money from us, we want to ensure that you will be able to meet your monthly repayments. We feel that it would not be in your best interest to take on a commitment which you may find difficult to manage. We will grant you a loan following an assessment on your financial position performed by your branch.

Wherever possible, your salary / income is to be credited directly to an account with HSBC from which loan repayments will be effected.

The maximum amount you may borrow is subject to your financial status, and to further approval by your branch. Terms and conditions apply.

The Annual Percentage Rate (APR) on a Green Loan of €5,000, repayable over 5 years at a variable borrowing rate of 4.85% per annum will be 5%.

The loan will be repayable in 59 equal monthly instalments of €94.17 and one final instalment of €95.39.

The total amount paid after 5 years will be €5,651.42.

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Have a question?

Have a question?

Call our Contact Centre on

+356 2380 2380

We're here from 8:00am to 8:00pm excluding Sundays and Public Holidays.

 

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Registered Address: 116, Archbishop Street, Valletta VLT 1444. Company No.:C3177

© HSBC Bank Malta p.l.c. 2017. All rights reserved.

Registered Address: 116, Archbishop Street, Valletta VLT 1444. Company No.:C3177

© HSBC Bank Malta p.l.c. 2017. All rights reserved.

 

What you need to know

  • We will contact you within 2 working days to advise you of the status of the application.
  • You must be over 18 years old.
  • You may borrow a maximum of €25,000.
  • HSBC Advance customers may borrow up to €30,000.
  • HSBC Premier customers may borrow up to €40,000.
 

Information you will need

  • Personal details such as names, date of birth, address and telephone numbers.
  • ID number or Passport Number.
  • Employment details.
  • Details about your salary and/or other income.