1.98%

APR as low as*

The final loan amount and interest rate are subjected to VCREDIT Finance Limited (“CreFIT”)’s assessment on comprehensive individual details and financial status, including but not limited to monthly income, occupation and financial situation.

^HK$216,464

Total Amount Payable

^HK$16,464

Total Interest

All Details

• Key Features

  • APR 1.98%-36.00% in general

  • Repayment tenor of 6 - 48 months；Loan amounts up to HK$500,000

  • No documents are required*. You just fill in your employment details and current debt level to apply for a loan.
    *If we cannot confirm your information, additional supporting documents may be required.

  • For example, if the loan amount is HK$200,000 with repayment period in 24 months, and the calculation is based on 365 or 366 days in a year, the APR and Monthly Flat Rate (calculated using relevant guidelines from the Hong Kong Association of Banks) are 8% and 0.343% respectively. In this case, the monthly repayment amount and the total interest paid over the loan period would be HK$9,019.33 and HK$16,464.00 respectively.

  • When we evaluate your CreFIT Cash Loan application, VCREDIT Finance Limited ("VCREDIT") will make reference to your credit report from a credit reference agency for this and future review purposes. Your personal credit information will also be shared with all Credit Reference Agencies and other related institutions

  • After you fill in the cash out amount with tenors and upon the acceptance of loan agreement, we will immediately disburse to the designated bank account(s) via FPS. Please note that the final receiving time of the fund depends on the beneficiary bank designated by the borrower.

  • CreFIT only accept repayment via eDDA. The repayment amount will be debited automatically from your specific account on repayment date (include weekends or public holidays).

  • If the customer needs to repay early, please first call the customer service hotline 6369 2338 to inquire about the total amount of early repayment, including the outstanding loan balance, interest to be paid based on standard interest rates and other fees. Please note: Partial repayments are not accepted.

  • VCREDIT Finance Limited
    Warning: You have to repay your loans. Don't pay any intermediaries.
    Inquiries and complaints hotline: 6369 2338
    Money Lender's License Number: 0751/2024

• Repayment Summary

  Principal Loan Amount	HK$200,000
  Total Interest Payable	HK$16,464
  Monthly Payment	HK$9,019
  Total Amount Payable	HK$216,464
  Annual Percentage Rate	8.0%
  Monthly Interest Rate	0.343%
  Loan Tenure	24 Months

Fees & Charges

Late Payment Fee	There is no drawdown fee or annual fee for this loan product. If the loan instalment is not fully repaid on the due date, a fixed late fee of HK$300 and late interest will be charged for each overdue instalment.
Early Settlement Fee	If the customer needs to repay early, please first call the customer service hotline 6369 2338 to inquire about the total amount of early repayment, including the outstanding loan balance, interest to be paid based on standard interest rates and other fees. Please note: Partial repayments are not accepted.

Plan Materials

Terms and Conditions	Read More

Eligibility

Age Requirement	Aged 18 or above
Residency Status	Hong Kong Permanent Resident & with Hong Kong local mobile phone number
Employment Status	Average monthly salary of HK$5,000