 |
Extra-large loan amount of up to 15
times your monthly salary(1) |
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Manage all your outstanding
credit card and loan balances under a single loan
account |
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Save up to 75% of interest expenses |
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Enjoy extra
cash(1) while settling your outstanding credit card and loan balances |
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Flexible repayment period of six to 60 months with a fixed monthly
repayment amount for better budget planning |
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Only the latest month's income proof(2) is required |
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People from all sectors are welcome to apply |
| Interest-saving example for reference |
| |
General high-interest loan and credit
card*
|
Hang Seng Credit Counseling Loan#
|
|
| Loan amount |
HKD100,000 |
|
| Repayment period (month) |
353
|
48 |
Repayment period shortened
by 86%
|
| Average monthly repayment for the first six months |
HKD 3,860
|
HKD 2,999
|
Monthly repayment reduced
by 22%
|
| Total interest expense |
HKD 184,039
|
HKD 43,952
|
Interest saved 75%
|
| * |
The above example is calculated based
on an annual interest rate of 30% and a
monthly repayment of 3.9% of the outstanding
balance or HKD50 (whichever is higher). |
| # |
The above example is calculated based
on a monthly flat rate of 0.8%. The annualised
percentage rate is 20.94%, including the
handling fee by way of a further loan equal
to 1% per annum of the loan amount.
The annualised percentage rate is calculated
using the Net Present Value Method over
a 48-month tenor in accordance with the
Code of Banking Practice. The final approved
interest rate is subject to the loan amount
and the credit assessment result. The total
interest expenses are inclusive of the handling
fee. |
|