7.19%

APR*

^HK$102,556

Total Amount Payable

^HK$2,556

Total Interest Payable

All Details

• Key Features

  • Loan amount as high as HK$1,200,000 or 21 times of your monthly salary(whichever is lower)

  • Flexible repayment period of 12 to 72 months

  • The Annualized Percentage Rate ("APR") of 7.19% is calculated based on loan amount of HK$500,000, 60-month repayment period, monthly flat rate 0.213% and 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. The monthly flat rate and APR here is for reference only. The approval result is subject to customer’s financial condition and is solely determined by CNCBI.

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

• Repayment Summary

  Principal Loan Amount	HK$100,000
  Total Interest Payable	HK$2,556
  Monthly Payment	HK$8,546
  Total Amount Payable	HK$102,556
  Handling Fee	HK$0
  Annual Percentage Rate	7.19%
  Monthly Interest Rate	0.213%
  Loan Tenure	12 Months

Fees & Charges

Handling Fee	1% (per annum of 1% on the loan amount. The handling fee shall be deducted from the loan principal amount upon draw down of the loan.)
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