DBS Personal Instalment loan

Promotions

Up to HK$2,200 Coupons for applying for Personal Instalment Loan

Customers who successfully apply for Personal Instalment Loan via online during the Promotional Period and draw down the approved Loan on or before 15 January 2020, if the Loan amount drawn reaches HK$100,000 or above, customers will be entitled to HK$200 supermarket cash coupons
Customers successfully apply for the Loan during the Promotional Period from whatever channels and draw down the approved Loan on or before 15 January 2020, if the approved Loan amount reaches the amount set out in the below table, customers will be awarded with the corresponding amount of Coupons:
If the loan amount is HK$100,000 to HK$299,999 can earn HK$300 coupon
If the loan amount is HK$300,000 to HK$499,999 can earn HK$500 coupon
If the loan amount is HK$500,000 to HK$999,999 can earn HK$800 coupon
If the loan amount is HK$1,000,000 to HK$1,499,999 can earn HK$1,000 coupon
If the loan amount is HK$1,500,000 or above, can earn HK$2,000 coupon
The promotional period commences from 1 December 2019 until 31 December 2019, both dates inclusive (the “Promotional Period”)

Key Features

Up to HK$2,200 Coupons for applying for personal instalment loan
Monthly flat rate as low as 0.04%
Loan amount up to 20x monthly salary or HK$2,000,000
Anytime redraw your repaid principal
1-minute approval

Repayment Summary

Principal Loan Amount

HK$200,000

Total Interest Payable

HK$6,720

Handling Fee

HK$6,000

Total Amount Payable

HK$212,720

Annual Percentage Rate

6.16%

Monthly Payment

HK$8,863

Repayment Period

24 months

Terms and Conditions

Fee & Charges
Handling Fee	1.5% (Special handling fee of 1% will be offered for loan amount of HK$1,000,000 or above with 12 months tenor)
Late Payment Fee	A default interest of 3% of the total monthly repayment amount overdue and a late charge of HK$300
Early Settlement Fee	1.5% per annum on the original principal amount of the loan will be charged for the number of years in the remaining loan tenor (any part of a year shall be rounded up to a year)

Eligibility
Age Requirement	18 years old or above
Residency Status	Hong Kong resident
Employment Status	Minimum Annual Income HK$80,000

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$8,863
Monthly Payment

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