HSBC offers 5.99% pre-paid margin loan
Until June 26, HSBC if offering 5.99 per cent fixed on it 12 months interest in advance margin loan for amounts over $30,000 (min. interest paid $1797). By pre-paying the 12 months' interest in full, customers will be eligible to claim the pre-paid interest as a tax deduction for this financial year. Margin lending customers with draw-downs above $100,000 who trade using HSBC Stockbroking can qualify for loyalty program benefits including access to a free IRESS dynamic data package, discounted brokerage rates, analysts' comments, financial summaries and metrics on individual stocks, and access to 14 international equity markets.
More: HSBC website