- 2.23%
- APR*
- HK$307,200
- Total Amount Payable
- HK$7,200
- Total Interest Payable
All Details
For drawdown amount of HKD100,000 and monthly handling fee of 0.09%, annualised percentage rate is 2.01% (tenor of 12 months), 2.08% (tenor of 24 months), 2.11% (tenor of 72 months). The APR is calculated using method specified in relevant guidelines issued by the Hong Kong Associations of Banks. The APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualized rate
| Principal Loan Amount | HK$300,000 |
|---|
| Total Interest Payable | HK$7,200 |
|---|
| Monthly Payment | HK$12,800 |
|---|
| Total Amount Payable | HK$307,200 |
|---|
| Handling Fee | HK$0 |
|---|
| Annual Percentage Rate | 2.23% |
|---|
| Monthly Interest Rate | 0.1% |
|---|
| Loan Tenure | 24 Months |
|---|
| Late Payment Fee | HK$ 300 per month if the monthly repayment amount is not paid in full on the repayment date - Default interest is charged monthly at the rate of 4 % on the overdue outstanding principal amount if the monthly repayment amount is not paid in full when due. No minimum amount of default interest will be applied. |
|---|
| Early Settlement Fee | 2% of outstanding principal amount plus repayment of any applicable promotional offers |
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| Age Requirement | 18 years old or above |
|---|
| Residency Status | Hong Kong Resident |
|---|
| Employment Status | Monthly salary not less than HK$8,000 |
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