HSBC in the Philippines
HSBC Holdings plc is one of the largest financial conglomerates in the world, the largest bank in the UK in terms of assets and market capitalization. In the ranking of the largest public companies in the world, Forbes Global 2000 gave it the 17th place in 2018, and the 52nd place in the list of […]
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Leading
Mark Tucker (Group Chairman) Jonathan Symonds (Deputy Group Chairman) John Flint (Group Chief Executive)
Shareholders
Almost all HSBC shares are in free float. The market capitalization of the bank as of August 2018 is $ 185.4 billion. The company has more than 200 thousand shareholders in 130 countries and territories. The largest shareholders for 2018: Ping An Asset Management Co., Ltd. — 5,05 %; BlackRock Investment Management (UK) Ltd. — 2,8 %; Legal & General Investment Management Ltd. — 2,2 %; The Vanguard Group, Inc. — 1,89 %; Norges Bank Investment Management — 1,84 %; BlackRock Advisors (UK) Ltd. — 1,03 %; SSgA Funds Management, Inc. — 1,01 %; Aberdeen Asset Investments Ltd. — 1 %; Standard Life Investments Ltd. — 0,86 %; HSBC Global Asset Management (UK) Ltd. — 0,73 %.
Product Features
| Min. financing amount | ₱ 10000 |
| Max.financing amount | ₱ 10000000 |
| Min. loan tenure | 6 months |
| Max. loan tenure | 240 months |
Credit
Home loan
Exclusive for Premier and Advance banking depositors only
Interest rate repricing period: 1 year 7.5% 2 years 8.3% 3 years 8.75% 5 years 9.75%
Minimum loan amount: 700 000 PHP
Maximum loan amount: 50 000 000 PHP
Payment terms: 5-20 years
Approval time: 5 banking days
Calculate loanPersonal loan
Effective Rates: 14.29% APR; 1,19% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: 250 000 PHP
Payment terms: 6-36 months
Processing Fee: 1 500 PHP
Approval time: within 5 banking days
Credit fees and rates
- Processing fee: PHP 1,500 (deducted from loan amount); PHP750 for a loan term of 24 and 36 months
- Late payment fee: 36% per annum upon late payment
- Change fee: PHP500.00 for change after drawdown (to change credit details)
- Explosive cost: calculated in accordance with the description on the HSBC website and in the HSBC
- Simple Guide to Banking Services and Charges (with early loan repayment) 0.75% of the loan amount (deducted from the loan amount).
- Loan amounts up to 250,000 Php, which are used for personal purposes, are exempt from DST
Borrower Requirements
Eligibility:
– Be a permanent resident of the Philippines for at least 3 years in any of the areas where the EPP Company maintain offices
– Be above 21 but below 60 years old upon loan maturity
– Must be a regular employee of the EPP Company
– Have any 2 of the following: Residential landline, Office landline, Mobile Phone Number
Minimum gross monthly income:
– 10 000 PHP for applicants in Luzon and Metro Manila
– 8 000 PHP for applicants in Visayas and Mindanao
Credit Card
HSBC Platinum Visa Credit Card
Enjoy up to 4 times rewards and travel.
You should have the following:
Existing primary credit card issued on-site, owned for at least 12 months
Minimum annual revenue of 500,000 PHP for HSBC Platinum Visa
HSBC Gold Visa Cash Back Credit Card
Earn 5% cash back on restaurant transactions and 0.50% cash back on all your other transactions.
You should have the following:
Existing primary credit card issued on-site, owned for at least 12 months
Minimum annual income of 200,000 PHP for HSBC Gold Visa Cash Back
HSBC Red Mastercard Credit Card
Get 4x bonus points when shopping at local and foreign stores and restaurants.
You should have the following:
Existing primary credit card issued on-site, owned for at least 12 months
Minimum annual income of 200,000 PHP for Red Mastercard
Loan Installment
| Monthly installment | Supplement per month | Effective interest rate per month | |
| 6 months | 7,166.67 | 1.25% | 2.11% |
| 12 months | 3,633.33 | 0.75% | 1.35% |
| 24 months | 1,966.67 | 0.75% | 1.37% |
| Full company name | HSBC PH - Personal Banking, Credit cards, and Loans |
| Address | 7 / F HSBC Center, 3058 Fifth Avenue West Bonifacio Global City, Taguig City 1634 Philippines |
| Phone number | (02)8858-0000 from Metro Manila +1-800-1-888-8555 domestic toll-free for calls outside Metro Manila through PLDT landlines |
| customer.care.team@hsbc.com. | |
| Social networks |
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HSBC Holdings plc is one of the largest financial conglomerates in the world, the largest bank in the UK in terms of assets and market capitalization. In the ranking of the largest public companies in the world, Forbes Global 2000 gave it the 17th place in 2018, and the 52nd place in the list of the most expensive brands. In 2017, ranked 7th in the list of the largest banks in terms of assets.
The HSBC retail network includes approximately 3,900 branches in 67 countries in Asia, Europe, North America.
Shareholders
Almost all HSBC shares are in free float. The market capitalization of the bank as of August 2018 is $ 185.4 billion. The company has more than 200 thousand shareholders in 130 countries and territories.
User rating
Reviews
HSBC helped me start my business.
Since I wanted to get older, I decided to take a loan for investment. The process was simple and they could take care of me. Now my established business is growing slowly. I am very grateful to HSBC, I wish you many more useful people.
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