Business loan unsecured | Fusion

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Business loan unsecured

Convenience and flexibility

Use our lending solutions to finance capital investments and business growth, and obtain working capital to improve your cash flow, or manage day-to-day expenses more effectively. Our business specialists have a wealth of experience customising lending programmes to suit the requirements of your business.

Peace of mind

An unsecured loan makes it easier for you to get a quick decision on your application.
Flexible

Favourable terms with the possibility of spreading your repayments over 7 years.

Available now

We are pleased to discuss the HSBC Fusion service in person at one of our branches. Simply click the below button to arrange an appointment.

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Have a question?

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Loan may be used to finance the purchase / upgrade / refurbishment of business premises, for the purchase of equipment, machinery and motor vehicles to be used for business purposes
Interest rates are fixed. Therefore, the repayments will not flactuate during the term of the loan.
You will not pay any fees or additional interest if you repay your loan early

Loan may be used to finance the purchase / upgrade / refurbishment of business premises, for the purchase of equipment, machinery and motor vehicles to be used for business purposes
Interest rates are fixed. Therefore, the repayments will not flactuate during the term of the loan.
You will not pay any fees or additional interest if you repay your loan early

Business Loan - Unsecured

Minimum – €2,000, Maximum – €30,000¹
Fixed interest rates starting from 6.0% per annum
Loan repayments can be spread over a minimum period of 6 months to a maximum period of 7 years²
A processing fee of 0.3% of loan amount is applicable, minimum €40 is applicable
You will not pay any fees or additional interest if you repay your loan early

¹Loan amount will depend on income, affordability and other criteria.

²Other conditions may apply.

Representative example 1

The Annual Percentage Rate (APR) on a Business Loan of €10,000, repayable over 5 years at a fixed borrowing rate of 6% per annum, and subject to a processing fee of €40, will be 6.4%.

The loan will be repayable in 59 equal monthly instalments of €193.74 and one final instalment of €192.12.

The total amount paid after 5 years will be €11,662.78.

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

Representative example 2

The Annual Percentage Rate (APR) on an unsecured Business Loan of €12,000, repayable over 7 years at a fixed borrowing rate of 6.5% per annum, and subject to a processing fee of €40, will be 6.9%.

The loan will be repayable in 83 equal monthly instalments of €178.74 and one final instalment of €177.17.

The total amount paid after 7 years will be €15052.59.

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

Eligibility

Sole Traders\Unregistered Partnerships

You must be residing and paying income tax in Malta
Aged 18 years or over

Registered partnerships\Companies

Registered in Malta
Paying income\corporate tax in Malta
Other eligibility criteria may apply

Documentation Required

Sole Traders\Partnerships

Identity Card
Evidence of income – Income tax returns together with Profit & Loss Accounts for the past two years

Companies

Audited accounts for the past two years

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

Other conditions

Prior to granting you a loan, an assessment on your financial position shall be performed by your business specialist.

Sales turnover is to be routed through an HSBC account from which loan repayments will be effected.

We are pleased to discuss the HSBC Fusion service in person at one of our branches. Simply click the below button and provide us with your details to arrange an appointment.

Apply now for HSBC Fusion This link will open in a new window

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Frequently asked questions

This depends on the source of finance requested. Loans are usually repayable over the life span of the asset and paid from profits generated from the business. On the other hand if you borrow on an overdraft basis this is repaid from incoming sales receipts or payments from debtors on an ongoing basis.

The interest rate is fixed for the full duration of the loan. However, the interest rate of the Overdraft is variable and is calculated at a margin over the Bank's Commercial Managed Base rate, presently 2.35% per annum.

Preferably better to have a bank account before applying as this will help in the overall assessment even if the bank account is held with another bank. Nonetheless if no bank account is held the bank will be asking for other information as part of its on boarding process.

You can always and still apply for a Bank Loan to finance some sort of new venture or new / additional bank finance. Past performance helps the bank makes a better judgement when applying for a bank loan and the Bank will take into consideration the total commitments of the business.

Once you’ve submitted an application for one of our products, the next stage of the process is for us to fairly and openly assess the risks involved in lending to your business.

The Bank considers as acceptable security for a Business Loan – HSBC Bank Malta plc deposits or investments, or Malta Government Stocks, or other Banks' deposits or investments and by a hypothecary charge over a residential property.

If you own an untenanted residence in your name, you may consider a HomeOwner Loan to finance your business proposal where repayments will be spread over a longer period. HomeOwner Loans are to be secured by a first General Hypothec and a Special Hypothec over your property.

The term of the loan is to reflect the life span of the asset being financed, and is not to exceed 10 years except when the loan is being used to finance purchase of property and other exceptional circumstances.

Disclaimer

The Site is primarily intended for those who access it from within Malta. Because of this we cannot guarantee that the Site or the information thereon complies with law or regulation of other countries, or is appropriate for use, in other places. You are wholly responsible for use of the Site by any person using your computer and you must ensure that any such person complies with these Terms. The information provided on this Site is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to law or regulation. This Site should not be considered as communicating any invitation or inducements to engage in banking or investment activity or any offer to buy or sell any securities or other instruments outside Malta.

Business Loan - Unsecured

Convenience and flexibility

Available now

Have a question?

Business Loan - Unsecured

Representative example 1

Representative example 2

Eligibility

Documentation Required

Other conditions

Brief benefits

Benefit detail

How can I acquire it?

Account information

Frequently asked questions

What do I need to apply for a Business facility?

How do I repay?

Are there any fees for early repayment of facilities?

Is the interest rate fixed for the period of the Business Loan and the Overdraft?

Do I need to give a reason why the business wants to borrow the money on the application?

Does my business need a bank account?

What if the business or I have had credit?

How is my application assessed?

What type of security is acceptable to the Bank?

What if I need a business loan for a longer period than 7 years?

Related products

Business Loan - Secured

Business Overdraft - Unsecured

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