BOC express cash instalment loan

Updated September 2019
12.40%APR*
$212,940Total Amount Payable
$11,440Total Interest Payable
Monthly
Payment

HK$17,745
Key features
Key Features
  • Loan amount up to HKD 2,000,000 or 12 times of the monthly salary (whichever is lower)
  • e-Channel Application Offer – up to HK$3,000 cash rebate
  • APR as low as 2.68% (the APR excluding cash rebate is 3.02%)
  • Lowest salary requirement: Annual salary is HK$48,000 or above
  • Promotion period: From now till 31 October 2019
Covered
Repayment Summary

Principal Loan Amount

HK$200,000

Total Interest Payable

HK$11,440

Handling Fee

HK$1,500

Total Amount Payable

HK$212,940

Annual Percentage Rate

12.40%

Monthly Payment

HK$17,745

Repayment Period

12 months

Others
Terms and Conditions
Fee & Charges

Handling Fee

0.75%

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

aged 18 or above

Residency Status

Hong Kong Resident

Employment Status

Employed in Hong Kong and monthly salary not less than HK$4,000
Plan Materials

Terms and Conditions

Read More

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$17,745
Monthly Payment