Top of main content

Green Loan

Caring for the environment

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 a flexible borrowing amount.

Benefits

With the HSBC Green Loan, you will get:

  • Flexible borrowing amount
    Borrow from a minimum of €600 to a maximum of €30,000.
  • Green purposes
    Use this loan to finance environmentally friendly and energy saving products and services for personal use.
  • Interest rate
    Preferential variable interest rate.
  • Fast decision
    We will give you a quick reply to your loan request.

Product overview

Maximum loan amount and interest rate

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

Through a Green Loan you may benefit from a preferential variable interest rate of 4.85%* (5% APRC) (i.e. a margin of 2.35% over the Bank’s Base Rate which is 2.5%).

*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 of Charge (APRC) 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.

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 below.

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 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.

Apply online

We have a simple online personal loans application for our online banking customers.

If you are an HSBC customer you can apply online for a personal loan. This means that if successful you could have the money in your account without the need to visit a branch. You will also benefit from no processing fees.

Applying online is easy and takes less than 10 minutes to complete our simple application. If your application is successful, we aim to transfer funds to your account in 24 hours. It may take a little longer during the weekend and public holidays or if we need more information.

There may be some instances where we can't process your application online. In these cases, we will let you know and your request will go to a branch for them to contact you.

HSBC customers

If you don't have online banking or are new to HSBC

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.

Related products

 

Our specifically designed packages for students.

 

Helping you put your plans into action after university.

 

A great way to put your plans into action.

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.

Listening to what you have to say about our services matters to us.