If you are familiar with credit loans, credit lines, this post is an update on one of the promotional interest rates offered by HSBC.
The effective interest rate works out to be about 13+%. in my personal opinion, it’s a little bit on the high side. But it really depends on the situation one is having.
In addition, just take note that there is a one-time upfront processing fee of $88.
I forgot to ask about any other possible charges. Silly me.
About Gwen
Business Owner, Investor. Financial Guru, Educator.
My passion is in business management, financial matters and education. Combining these favourites, I manage this blog to share the importance of money protection and growth.
Today, I invest in business, stocks, forex and properties. Collectively, I own two overseas properties, a commercial and an industrial property in Singapore. Update: I've since sold my industrial property for a small profit.
Have a question? Email me at gwenkok@moremorecash.com
