1.56%

APR*

^HK$100,840

Total Amount Payable

^HK$840

Total Interest Payable

All Details

• Key Features

  • Monthly flat rate as low as 0.07%

  • Repayment tenor up to 60 months

  • Instant approval and same day funds disbursement

  • The APR 1.56%-1.62% stated above are calculated on the basis of 12 and 24 months repayment period and the loan amount of HK$500,000 at monthly flat rate 0.07%. The APR 2.68%-2.69% stated above are calculated on the basis of 36,48 and 60 months repayment period and the loan amount of HK$500,000 at monthly flat rate 0.115%.

  • The APR is calculated according to the standard of Hong Kong Association of Banks and rounded to two decimal places. An APR is calculated according to the standard of Hong Kong Association of Banks and rounded to two decimal places. An APR is a reference rate which includes the basic interest rates and other applicable fees and charges of the product expressed as an annualized rate. Interest is charged daily and calculated on the basis of 365 days per year. The interest rate offer above is only available for selected customers who apply for Tax Season Loan.

  • The actual APR may vary for individual customer and the final interest rate will be subject to credit condition of the customer, please contact the staff of the Bank for details. The Bank reserves the right of final decision on the interest rate and approval result.

  • Promotion Period is from 1 April to 31 May 2021

  • To borrow or not to borrow? Borrow only if you can repay

• Repayment Summary

  Principal Loan Amount	HK$100,000
  Total Interest Payable	HK$840
  Monthly Payment	HK$8,403
  Total Amount Payable	HK$100,840
  Handling Fee	HK$0
  Annual Percentage Rate	1.56%
  Monthly Interest Rate	0.07%
  Loan Tenure	12 Months

Fees & Charges

Handling Fee	0
Late Payment Fee	HK$500 per month if the monthly repayment amount is not paid in full when due
Early Settlement Fee	1.5% per annum on the total loan amount for the remaining loan tenor (rounded up to a yearly basis)

Eligibility

Age Requirement	aged 18 or above
Residency Status	Hong Kong Resident
Employment Status	Be employed for at least 6 months at the current job