HSBC launches grand sale

March 25, 2013 | 11:00

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HSBC Bank Vietnam started its annual grand sale March 25 with credit card promotions, reduced interest rates on loans and a lucky draw on June 19 to catch the eye.

“We have an incredible number of opportunities for both our existing customers and also new customers,” said Godfrey Swain, head of retail banking and wealth management at the bank.

The programme includes offers such as a maximum VND1,5 million ($72) cash back on credit cards, interest-free mortgage loans for the first three months, as well as interest-free car loans and personal loans for the first month.

Swain said for example, all new primary credit cardholders, who submit the application during the promotional period, and receive their cards by June 30 would receive 50 per cent cash back -- up to a maximum VND1 million ($48) -- if they make a total purchase value of VND1 million or more within 30 days of the issuance date.

He added all existing credit cardholders, who make purchases of VND90 million ($4,320) or above on their HSBC Visa Classic or Visa Gold Credit Card during the programme, would receive an annual fee waiver for the following year.

For all home mortgage loan and home equity loan applications submitted between now and June 19, and disbursed to July 19, there is 0 per cent interest rate for the first three months for loan amounts disbursed from VND2 billion ($96,000) and above. For loans disbursed under this amount, customers will enjoy zero per cent interest in the first month.

The bank is also offering zero per cent interest for the first month on car or personal loans as long as applications are submitted during the promotion and disbursed before July 19.