Revolving credit facility

Features

• You have access to a revolving credit line of between € 1,500 and € 21,500⁽¹⁾ based on your financial needs.

• You can use your Libertel revolving credit facility as you please.

• You repay at your own pace: monthly payments are set in advance.

• Your revolving credit facility is free of charge when not in use.

• You are entitled to the Visa Libertel card, a bank card linked to your revolving credit facility.

(1) Subject to your application being approved. Borrowers benefit from a 7-day cooling-off period after taking out the loan (Article L.311-15 of the French Consumer Code).

• A revolving credit facility for your day-to-day needs
• A simple, flexible service
• Visa Libertel: a bank card that comes with your revolving credit facility
• See how it works with our example loan

A revolving credit facility for your day-to-day needs

Libertel is a revolving credit line from HSBC which gives you access to a cash reserve of between € 1,500 and € 21,500⁽¹⁾ to finance your day-to-day costs without having to worry: household goods, small refurbishments, must-haves, unexpected expenses...

So that you always know where you are with your repayments, we send you a monthly statement of all transactions carried out using your Libertel revolving credit facility: balance, transactions completed using the bank card, repayments...

You can consult the balance of your Libertel revolving credit facility at any time and carry out your transactions using HSBC's Internet Banking service.

A simple, flexible service

You can use your Libertel revolving credit facility whenever you need to:

• for your purchases or ATM cash withdrawals using your Visa Libertel card.
• credit line transfers can be made to your current account via  Internet Banking.

Credit line amount availability is replenished as you make your monthly repayments set in advance with your account advisor. When not in use, your Libertel reserve is entirely free of charge.

Visa Libertel card: a bank card that comes with your credit reserve

You can request a Visa Libertel card, a bank card linked to your revolving credit facility giving you quick and simple access to your Libertel service wherever is it accepted, wherever Visa accepted throughout the world.

Purchase and cash withdrawals made using your Libertel card are directly debited from your credit line⁽²⁾.

See how it works with our example loan

On January 16, 2009, you withdraw € 3,000 (debited on the 15th of each month or the next working day), which you repay in 9 monthly payments of € 350, a 10th monthly payment of € 3.50 and a final monthly payment adjusted by € 0.03. The total cost of your credit is € 182.53 including interest and yearly management fees of € 29, but excluding any insurance options. Adjustable APR of 15.67%.

(1) The Libertel revolving credit facility is a renewable facility that is granted for one year. Subject to your application being approved. Borrowers benefit from a 7-day cooling-off period after taking out the loan (Article L.311-15 of the French Consumer Code).
(2) Where funds permit.