A facility which gives you the privilege to withdraw funds from your current account beyond the credit balance up to an approved limit.

With Smart Money, you will have cash ready to use in your current account without having to break your Time Deposit Account. The overdraft facility will be given up to 90 % from nominal of Time Deposit.

Overdraft facility up to IDR 10 billion or USD 1 million

Favorable interest rate compare to other loan types.

Pay as you go, no fixed repayment date

Daily interest charged only on the utilized portion of the overdraft

Increase Overdraft limit by pledging another Time Deposit

Overdraft facility can be provided in other currency

Protect your Foreign Currency Time Deposit value during FX volatility*

*Illustration:
You open a 6 months USD Time Deposit when USD/IDR is 10,000. Upon maturity USD/IDR is at 9,500. To avoid the Time Deposit decrease the principal by conversion rate, utilize Smart Money and wait until the foreign exchange  is beneficial to you.

* Interest rate depends on the overdraft currency and the overdraft limit. At the time of print BLR – 4% is around 9% p.a.

Interest rate for Time Deposit in IDR is 7 % p.a. and you decide to take Smart Money facility in IDR at 90 % of Time Deposit Principal. Hereby the comparison for real rate from the table below :

Please contact your Relationship Manager or nearest HSBC branch to get more detail or information on current interest rate.