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- HK$201,536
- Total Amount Payable
- HK$1,536
- Total Interest Payable
All Details
The APR 1.90% is calculated based on loan amount HK$2,000,000, loan tenor of 12 months and monthly flat rate of 0.001%, including a Handling Fee of 1% per annum. 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 CNCBI reserves the final discretion to approve the loan application and to determine the applicable interest rate and handling fee.
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
| Principal Loan Amount | HK$200,000 |
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| Total Interest Payable | HK$1,536 |
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| Monthly Payment | HK$8,564 |
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| Total Amount Payable | HK$201,536 |
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| Handling Fee | HK$4,000 |
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| Annual Percentage Rate | 2.72% |
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| Monthly Interest Rate | 0.032% |
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| Loan Tenure | 24 Months |
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| 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.) |
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| 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. No minimum amount of Overdue Interest will be applied. |
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| Early Settlement Fee | 2% of approved loan amount |
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| Age Requirement | 18 years old or above |
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| Residency Status | Hong Kong Resident |
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| Employment Status | Employed in Hong Kong and monthly salary not less than HK$7,000 |
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