What is a HSBC Green Loan?
Green Loans may be used to finance environmentally friendly and energy saving products and services for personal use. Enjoy a fast decision on your application and flexible borrowing for up to €50,000
Contact us about HSBC Green Loans
Apply now to secure the special offer rate.
Features & benefits
With the HSBC Green Loan, you will get:
- Flexible borrowing amountBorrow from a minimum of €600 to a maximum of €50,000.
- Green purposesUse this loan to finance environmentally friendly and energy saving products and services for personal use.
- Preferential RatesCompetitive 3.99% pa interest rate and a 4.0% pa APRC*
- Fast decisionWe will give you a quick reply to your loan request.
- No early repayment feesThere are no early repayment fees on Green Loans. You can repay your loan in full at any time.
Eligible Products
A HSBC Green Loan can be used to finance a number of environmentally friendly products and services including:
Solar Products
Install Solar Water Heaters and Photovoltaic Cells (PV) to heat water and generate electricity
Thermal Insulation and Double Glazing
Insulate your property against hot and cold temperatures
Hybrid and Electric Cars
Battery operated and combined engine vehicles
Energy Audits
Checks inefficiencies in your electricity generation and offers solutions
A full list of eligible products and services is available here below.
Product overview
Maximum loan amount and interest rate
You may borrow from a minimum of €600 to a maximum of €50,000 subject to income and other criteria.
Interest rate and APRC:
3.99% Interest rate and 4.0% APRC*
Processing Fees - € 0
Representative example:
*The Annual Percentage Rate of Charge (APRC) on a Green Loan of €20,000, repayable over 7 years at a fixed borrowing rate of 3.99% per annum, will be 4.0%.
No processing fee is applicable for Green Loan applications. The loan will be repayable in 83 equal monthly instalments of €273.82 and one final instalment of €273.92.
The total amount paid after 7 years will be €23,000.98.
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 and your salary is not credited to an account held with HSBC Bank Malta plc, you will need to provide your latest FS3 and the latest three months’ payslips. If you are self-employed, we will ask you for up to date income tax returns for the last two years.
We may also ask for other documentation, depending on your individual circumstances.
Other conditions
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.
Eligibility
To apply for a Green loan you must be a resident of Malta, and aged 18 or over. Other eligibility criteria may apply.
Contact us about HSBC Green Loans
Apply now to secure the special offer rate.
Apply in branch
Alternatively, you can visit one of our branches, where our staff will be glad to give you further information and process your application.
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Approved and issued by HSBC Bank Malta p.l.c, (116, Archbishop Street, Valletta VLT 1444). HSBC is a public limited company regulated by the Malta Financial Services Authority and licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta). HSBC is licensed to conduct investment services in terms of the Investment Services Act (Cap.370. of the Laws of Malta) and is enrolled as a Tied Insurance Intermediary for HSBC Life Assurance (Malta) Ltd under the Insurance Distribution Act (Cap. 487 of the Laws of Malta).
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