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"Wealth Portfolio Financing" Overdraft Facility Service

For the "Key Facts Statement (KFS) for Overdraft Facility", please click here.

Privilege．Flexible．Ready-for-use funds

You can enjoy our "Wealth Portfolio Financing" Overdraft Facility Service by pledging designated time deposits and securities1 in BOCHK to obtain an overdraft limit. You can convert assets into liquid funds for greater financial flexibility.

6 Advantages of "Wealth Portfolio Financing" Overdraft Facility Service

  1. Simple application procedures
    No other income proving documents are required

  2. Preferential interest rate
    Annual interest rate is as low as Prime Rate2+1%

  3. High credit limit
    Provide up to HK$30 million credit limit which will be adjusted daily according to the market value of the pledged assets3. The credit limit will be restored after repayment with no minimum monthly repayment amount and repayment period required

  4. Leveraging the asset value
    Credit limit is as high as 100% of the pledged time deposits and 95% of the market value of securities. The higher the market value of the assets, the higher the credit limit .

  5. Convenient cash withdrawal
    Withdraw cash via current account or at ATMs and branches of BOCHK throughout Hong Kong

  6. Save more
    No handling, renewal or withdrawal fee for both new application and renewal of the service


"Wealth Portfolio Financing" Overdraft Facility service is applicable for Private Wealth and Wealth Management customers. Please contact our staff to experience the advantages of "Wealth Portfolio Financing" Overdraft Facility service!

Reminder: To borrow or not to borrow? Borrow only if you can repay!

Remarks:

  1. Designated currencies of time deposits include HKD, USD, AUD, CAD, CHF, DKK, EUR, GBP, JPY, NZD,SEK and CNY. Designated securities means shares, stocks, funds, bonds or notes listed under the Eligible list of securities for "Wealth Portfolio Financing" Overdraft Facility Service issued by the Bank. BOCHK reserves the right to amend the loanable securities list from time to time without prior notice. Please note that our regular review of the loanable securities list will be conducted on the 20th day of each month (if it is not a trading day, it will be postponed to the next trading day). Please pay attention to the change(s) of the loanable securities list which may have impact on your loan account. For details of the respective loan ratio of the designated time deposits and securities, please contact your relationship manager.
  2. Prime rate is the Hong Kong Dollar Prime Rate quoted by the Bank, which is subject to the rate as quoted by the Bank from time to time.
  3. The "Wealth Portfolio Financing" overdraft facility limit equals the secured asset value multiplied by the loan ratio. The maximum limit is HK$30 million, which will be adjusted according to individual customer’s situation.
  4. The Bank reserves the right to change the types of secured assets, loan ratio, overdraft limit and overdraft interest rate at its absolute discretion without prior notice.
  5. Fluctuation of foreign exchange rates, values of securities, and fund switching may trigger overdrawn, of which default interest shall be charged according to the terms and conditions.
  6. The Bank reserves the right to approve and reject the loan application at its absolute discretion.

General Terms and Conditions:

  • The above information of "Wealth Portfolio Financing" Overdraft Facility service is for reference only. For details of the service and its terms and conditions, please refer to the application form or contact our staff.
  • The Bank has the right to decide whether to accept application based on the credit reports of the customers and the information provided by the customers, and reject application without assigning any reason. The Bank has the right to request customers to provide other documents for the purpose of further approval if necessary.
  • Credit facilities are subject to the terms and conditions of the facility letter signed by the customers and the Bank.
  • In case of any discrepancy between the Chinese and English versions, the Chinese version shall prevail.