 "Self-fulfilment" Interest-free Instalment Plan
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Interest wavier throughout the tenor and the daily handling fee is as low as HKD1.3 (1). It is easy to calculate. |
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Calculation is based on every HKD10,000 instalment amount and a 30-day month: |
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| HKD10,000(Principal) x 0.39%(Monthly Handling Fee) ÷ 30(Days) = HKD1.3(Daily Handling Fee*) |
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| * |
The above example is based on an instalment amount of HKD200,000 or above and a monthly handling fee of 0.39% on the principal to arrive at the daily handling fee per instalment amount of HKD10,000. |
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Up to HKD5,000(2) Cash Rebate upon application. |
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Interest waiver throughout the tenor regardless of the instalment amount and repayment period. |
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Instalment amount of up to HKD800,000 or six times your monthly salary(3) (whichever is lower). |
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Flexible repayment period of 12 to 48 months. |
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Same day approval and cash disbursement(4). Apply and submit the required documents, and get approval the same morning. The cash will be ready for you to draw via ATM in the afternoon(5). |
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Eligible to apply for a Top-up Loan on your repaid principal(6) if the repaid principal amount is over HKD3,000 with no income proof required. |
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Apply online to enjoy Preliminary Approval Service(7) in five seconds. Upon successful application, you will have a chance to enjoy the 10% Loan Amount Rebate Offer(8). Please click here for details, terms and conditions. |
| Monthly
Repayment Table(9) |
Instalment
Amount (HKD) |
Monthly Handling Fee
(Based on every HKD10,000 instalment amount) |
Customer Type |
Monthly Repayment Amount (APR)
(Based on every HKD10,000 instalment amount) |
12
Months |
24
Months |
36
Months |
48
Months |
HKD 5,000 -
HKD 14,999 |
HKD 85 |
|
HKD 918.40 |
HKD 501.70 |
HKD 362.80 |
HKD 293.40 |
Selected Customers(10) |
(19.94%) |
(20.15%) |
(19.86%) |
(19.47%) |
Other Customers |
(19.94%) |
(20.15%) |
(19.86%) |
(19.47%) |
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HKD 15,000 -
HKD 49,999 |
HKD 69 |
|
HKD 902.40 |
HKD 485.70 |
HKD 346.80 |
HKD 277.40 |
Selected Customers |
(16.01%) |
(15.62%) |
(15.65%) |
(15.50%) |
Other Customers |
(16.01%) |
(15.88%) |
(15.83%) |
(15.64%) |
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HKD 50,000 -
HKD 199,999 |
HKD 59 |
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HKD 892.40 |
HKD 475.70 |
HKD 336.80 |
HKD 267.40 |
Selected Customers |
(13.60%) |
(13.37%) |
(13.42%) |
(13.33%) |
Other Customers |
(13.60%) |
(13.53%) |
(13.54%) |
(13.41%) |
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HKD 200,000 -
HKD 499,999 |
HKD 39 |
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HKD 872.40 |
HKD 455.70 |
HKD 316.80 |
HKD 247.40 |
Selected Customers |
(8.87%) |
(8.38%) |
(8.60%) |
(8.66%) |
Other Customers |
(8.87%) |
(8.67%) |
(8.80%) |
(8.81%) |
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HKD500,000 or above |
HKD 39 |
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HKD 872.40 |
HKD 455.70 |
HKD 316.80 |
HKD 247.40 |
Selected Customers |
(8.87%) |
(8.33%) |
(8.57%) |
(8.63%) |
Other Customers |
(8.87%) |
(8.64%) |
(8.78%) |
(8.79%) |
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The minimum instalment amount must be HKD5,000. |
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The above APRs are inclusive of the HKD5,000(2) Cash Rebate (if applicable). |
| If customer's instalment application cannot meet our approval requirements, Hang Seng Bank Limited ("Hang Seng") may approve a loan to individual customers on a case-by-case basis but the handling fee offered may be adjusted. For details, please contact Hang Seng's staff. Customers will be notified of the relevant adjusted handling fee upon loan approval. If customer agrees to accept such loan, Hang Seng will credit the loan amount to the designated bank account according to normal procedures. |
Interest-free
Instalment Plan Calculator
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The figure calculated
is for reference only. |
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| (1) |
The calculation is based on every instalment amount of HKD10,000 with a monthly handling fee of 0.39% for an instalment amount of HKD200,000 or above and a 30-day month (HKD10,000 x 0.39% ÷ 30 = HKD1.3). Handling fees for the “Self-fulfilment” Interest-free Instalment Plan vary according to the instalment amount. For details, please refer to the above monthly repayment table.
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| (2) |
The up to HKD5,000 cash rebate (“Cash Rebate”) is only applicable to customers who successfully apply for and draw down from 20 June 2009 to 14 August 2009 (both dates inclusive) a "Self-fulfilment" Interest-free Instalment Plan for a repayment period of 18 months or above and an approved instalment amount of HKD30,000 or above. The Cash Rebate will be equally divided into 2 phases and credited to each customer’s repayment account on or before 31 December 2009 and on or before 30 June 2010 respectively. The calculation of the total Cash Rebate which is applicable to Selected Customers is as follows: the Cash Rebate is HKD250 for an instalment amount of HKD30,000-HKD49,999, HKD600 for an instalment amount of HKD50,000-HKD199,999, HKD2,500 for an instalment amount of HKD200,000-HKD499,999 and HKD5,000 for an instalment amount of HKD500,000 or above. The calculation of the total Cash Rebate which is applicable to Other Customers is as follows: the Cash Rebate is HKD150 for an instalment amount of HKD30,000-HKD49,999, HKD400 for an instalment amount of HKD50,000-HKD199,999, HKD1,500 for an instalment amount of HKD200,000-HKD499,999 and HKD3,000 for an instalment amount of HKD500,000 or above. To enjoy the Cash Rebate, customers must have no record of default or early settlement of the "Self-fulfilment" Interest-free Instalment Plan prior to the crediting of the Cash Rebate. If a customer settles the "Self-fulfilment" Interest-free Instalment Plan ahead of schedule after the crediting of the Cash Rebate, he/she shall return in full the Cash Rebate received to Hang Seng Bank Limited (“Hang Seng”) upon settlement. Hang Seng reserves the right to withhold the Cash Rebate pending the results of a credit review. |
| (3) |
The final approved instalment amount which is calculated by way of monthly salary multiple is subject to change in accordance with the circumstances of individual cases. |
| (4) |
Same day approval and cash disbursement is only applicable to customers applying for the "Self-fulfilment" Interest-free Instalment Plan via the Hang Seng 24-hour Personal Loan Application Hotline, in person at any branch of Hang Seng or online. Customers are required to maintain a specified Hang Seng repayment account to enjoy such service. Generally, applications will be assessed and, if approved, the instalment amount will be available on the same working day if Hang Seng receives all the required documents by 12:00 noon from Monday to Friday, subject to the actual situation from time to time. Applications received on Saturday, Sunday or Public Holiday will be processed on the next working day. |
| (5) |
Only applicable to customers with a Hang Seng account. |
| (6) |
Customers must have a punctual repayment record to enjoy the Top-up Loan. For the detailed terms and conditions, please refer to the relevant application form. |
| (7) |
Applicable to customers who submit their application details online. The application is subject to the final approval of Hang Seng. Where necessary, customers may be asked to submit any required documents. |
| (8) |
For the related terms and conditions for this online promotion, please visit hangseng.com/loan. |
| (9) |
For Selected and Other Customers, the monthly handling fee for an instalment amount of HKD5,000-HKD14,999 is 0.85% of the principal. The monthly handling fee for an instalment amount of HKD15,000-HKD49,999 is 0.69% of the principal. The monthly handling fee for an instalment amount of HKD50,000-HKD199,999 is 0.59% of the principal. The monthly handling fee for an instalment amount of HKD200,000 or above is 0.39% of the principal. Please refer to the relevant monthly repayment table for the annualised percentage rates (APRs). The APRs shown in the monthly repayment tables are calculated using the Net Present Value Method in accordance with the Code of Banking Practices and are inclusive of the Cash Rebate (where appropriate). The said handling fee together with the monthly repayment amount will be debited from the repayment account on the due date. |
| (10) |
Selected Customers include the following designated customers: Hang Seng auto-payroll customers, Hang Seng residential mortgage loan customers, Prestige Banking customers, civil servants and employees of government agencies, and staff members of universities and tertiary educational institutions/ full-day secondary and primary schools. For details, please check with staff of Hang Seng. |
| Promotion period from 20 June 2009 to 14 August 2009. |
Remark:
Hang Seng reserves the right to terminate the above offers and instalment application at any time or to vary the same and the related terms and conditions from time to time. In case of any dispute relating to any of the above offers and instalment application, Hang Seng's record shall be conclusive and Hang Seng reserves the right of final decision. For the promotion details, monthly handling fees, definition of Selected Customers, terms and conditions, please contact Hang Seng's staff or refer to the application form. |
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