BOC Express Cash Instalment Loan Balance Transfer

Updated September 2019
13.07%APR*
$213,606Total Amount Payable
$11,606Total Interest Payable
Monthly
Payment

HK$17,801
Key features
Key Features
  • Loan amount up to HKD 2,000,000 or 21 times of the monthly salary (whichever is lower)
  • e-Channel Application Offer – up to HK$3000 cash rebate
  • APR as low as 4.82% (the APR excluding cash rebate is 5.29 %)
  • Repayment period up to 72 months
  • Lowest salary requirement: Annual salary is HK$72,000 or above
  • Promotion period: From now till 31 October 2019
Covered
Repayment Summary

Principal Loan Amount

HK$200,000

Total Interest Payable

HK$11,606

Handling Fee

HK$2,000

Total Amount Payable

HK$213,606

Annual Percentage Rate

13.07%

Monthly Payment

HK$17,801

Repayment Period

12 months

Others
Terms and Conditions
Fee & Charges

Handling Fee

1%

Late Payment Fee

HK$500 per overdue payment

Early Settlement Fee

Upon early settlement of the Loan, outstanding interest and principal shall be calculated on the basis of “Rule of 78”. The Borrower shall also pay an early settlement penalty which is 2% of the approved Loan Amount of Instalment Loan
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$6,000

The APR includes the basic interest rate, as well as any other fees and charges (i.e.: Handling Fee) so that it reflects the actual total cost of borrowing. The actual APR applicable may differ, please check with the provider to confirm your final APR based on your loan.

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HK$17,801
Monthly Payment