HSBC Cash Line Loan

HSBC Cash Line Loan HSBC

  • Headline Rate

  • Benefits & Privileges

    Enjoy financial flexibility
  • Loan Period

    No fixed tenure
  • Rating

Compare HSBC Logo in Malaysia
  • Overdraft limit up to 100% of your secured HSBC Time Deposit amount
  • Access your overdraft limit any time as it will be maintained in your Current account
  • Interest is only charged on the utilised amount of the overdraft and calculated on a daily basis
  • No fixed instalment obligation – only need to service the monthly interest
Whenever you need extra funds, HSBC’s Personal Overdraft can provide you with flexibility - Read More



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Lender Details

HSBC’s presence in Malaysia dates back to 1884 when the Hongkong and Shanghai Banking Corporation Limited established its first office in the country, on the island of Penang, with privileges to issue currency notes. By 1959, The Hongkong and Shanghai Banking Corporation Limited had embarked on a programme of acquisitions. Through the acquisition of The Mercantile Bank, which started operations in Malaysia in 1860, HSBC is indirectly the oldest bank in Malaysia. It opened offices in Ipoh in 1909 followed by branches in Malacca, Johor Bahru, and Kuala Lumpur in 1910. The Kota Bharu branch was opened in 1912. In the 1920s to 1930s, the Bank opened more branches in several states. The Sungai Petani branch was opened in 1922, the Kuantan branch in 1929, the Muar branch in 1930, and the Kuala Terengganu branch in 1936. In Sabah, the first branch opened in Kota Kinabalu in 1947. Branches were set up in Sandakan and Tawau a year later, followed by Labuan in 1957. Meanwhile, in Sarawak, a branch was opened in Kuching in 1958. Another was established in Sibu in 1959, followed by a second branch in Kuching in 1964. In 2006, HSBC was the first foreign bank to be awarded license to operate a Takaful (Islamic insurance) business in Malaysia. HSBC Amanah Takaful (Malaysia) Sdn Bhd, a joint venture between HSBC Insurance (Asia Pacific) Holdings Limited (49% shareholding), Jerneh Asia Berhad (31% shareholding) and Employees Provident Fund Board of Malaysia (20% shareholding); commenced operations in August 2006. In 2007, HSBC Bank Malaysia was the first locally incorporated foreign bank to be awarded an Islamic banking subsidiary licence in Malaysia, and HSBC Amanah Malaysia Berhad, a full-fledged Islamic bank wholly owned by HSBC Bank Malaysia, commenced operations in August 2008. HSBC in Malaysia has a network of 68 branches nationwide, of which 26 are HSBC Amanah Malaysia Berhad branches.

Detailed Description

Requirements: Age to qualify: Minimum 21 years old, maximum 60 years old. Tenure: None. Your HSBC’s Personal Overdraft facility will be subjected to an annual review when you reach 60 years of age. Overdraft limit: Up to RM5,000,000 (minimum RM10,000). Commitment Fee: 1% p.a. will be charged on the unutilised amount for an overdraft facility with limit above RM250,000. (Example: For an overdraft limit of RM300,000 and you have only utilised RM250,000, interest will be charged on RM250,000 while the commitment fee is calculated on the remaining RM50,000.)

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