6.72%

APR*

^HK$209,600

Total Amount Payable

^HK$9,600

Total Interest Payable

All Details

• Key Features

  • Loan amount as high as HK$2,000,000 or 21 times of your monthly salary(whichever is lower)

  • Flexible repayment period of 12 to 72 months

  • Save interest expenses with personalized interest rate

  • Monthly flat rate as low as 0.20% (Annualized Percentage Rate is 6.46% with repayment tenor of 12 months and include 1% handling fee per annum)

  • The Annualized Percentage Rate (“APR”) is calculated in accordance with the practices and methods set out in the relevant guidelines issued by the Hong Kong Association of Banks. An APR is a reference rate which includes the basic interest rate and other applicable fees and charges expressed as an annualized rate. The respective APRs are rounded to the nearest two decimal places

  • The examples are for reference only. The APR will be determined based on the customer's credit rating and other relevant loan approval factors, and the bank reserves the final discretion to approve the loan application and to determine the applicable interest rate and handling fee

  • Terms and conditions apply. To borrow or not to borrow? Borrow only if you can repay!

• Repayment Summary

  Principal Loan Amount	HK$200,000
  Total Interest Payable	HK$9,600
  Monthly Payment	HK$8,900
  Total Amount Payable	HK$209,600
  Handling Fee	HK$4,000
  Annual Percentage Rate	6.72%
  Monthly Interest Rate	0.2%
  Loan Tenure	24 Months

Fees & Charges

Handling Fee	1% (Handling Fee is charged annually based on loan amount and shall be deducted upon loan drawdown)
Late Payment Fee	Overdue interest rate will be imposed when the monthly installment amount is failed to be settled on or before the due date. Overdue interest is calculated according to the following formula: overdue installment amount x interest rate of 3% per month and in simple interest on monthly basis from the due date of such installment until the date of full payment. No minimum amount of Overdue Interest will be applied.
Early Settlement Fee	2% of approved loan amount

Eligibility

Age Requirement	18 years old or above
Residency Status	Hong Kong Resident
Employment Status	Employed in Hong Kong and monthly salary not less than HK$7,000