If you're still studying or searching for the right career opportunity, you may still apply for Advance under the Graduate criteria without having any fixed salary, as long as you have obtained an MQF Level 6 qualification within the last 5 years from application. However, without any income, you will not be gaining full benefits from the proposition, since the 3 consecutive years Advance entitlement period will start from the date of your application.
We suggest that you apply for Advance once you have a fixed salary credited to your HSBC Bank Malta p.l.c. account, so that you can enjoy the full benefits of Advance, including an Advance Platinum Credit Card, for a whole 3-year period from application, or for the duration of any personal loan you should take with us throughout that period. May we remind you also of the 5.75% (5.9% APRC)** fixed preferential rate we offer to Graduates on any personal loans taken whilst qualifying for our Advance Graduate account.
**Representative example:
The Annual Percentage Rate of Charge (APRC) on a Personal Loan of €10,000, repayable over 7 years at a fixed borrowing rate of 5.75% per annum will be 5.9%. The APRC quoted in this example may vary depending on the interest rate, the amount borrowed and the duration of the loan. The loan will be repayable in 83 equal monthly instalments of €144.89 and one final instalment of €144.94. The total amount paid after 7 years will be €12,170.81.
