1.65%

APR*

^HK$201,536

Total Amount Payable

^HK$1,536

Total Interest Payable

All Details

• Key Features

  • Tax Season Offer of APR as low as 1.65%

  • Loan amount as high as HK$2,000,000 or 18 times of your monthly salary（whichever is lower)

  • Flexible repayment period of 6 to 60 months

  • Same-day fund disbursement to your CNCBI account

  • 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. The APR is a reference rate which includes the basic interest rate and other applicable fees and charges expressed as an annualized rate.

  • The APR 1.65% is calculated based on loan amount HK$2,000,000, a repayment tenor of 12 months and a monthly flat rate of 0.032%, including a handling fee of 0.5% per annum. The handling fee of 0.5% is only applicable for a repayment tenor of 12 months and a loan amount of HK$2,000,000. The handling fee of 1% is for other scenario. 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.

  • The handling fee is charged annually based on the loan amount and shall be deducted upon loan drawdown.

  • Same-day fund disbursement service is applicable to customers who use CNCBI bank account for fund disbursement, and it only applies to our Bank’s service hours (Monday to Friday from 9:00 am to 8:00 pm and except Saturday, Sunday and public holidays). The processing time starts when the approved loan is confirmed with the Bank

  • 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$1,536
  Monthly Payment	HK$8,564
  Total Amount Payable	HK$201,536
  Handling Fee	HK$4,000
  Annual Percentage Rate	2.72%
  Monthly Interest Rate	0.032%
  Loan Tenure	24 Months

Fees & Charges

Handling Fee	1% (The handling fee of 0.5% is only applicable for a repayment tenor of 12 months and a loan amount of HK$2,000,000. The handling fee of 1% is for other scenario. The handling fee 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. Minimum amount is HK$100 per month.
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