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With a monthly
flat rate of as low as 0.25%(1), you can save your interest expenses by over 50%*: |
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Hang
Seng Personal Instalment Loan(2)
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General High Interest Loan and Credit Card(3)
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| Loan amount |
HKD 80,000
|
| Average monthly repayment amount |
HKD 2,191
|
HKD 3,786
|
| Total interest expenses |
HKD 25,168
|
HKD 55,623 |
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Saved interest by over 50%*
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Loan amount of up to HKD800,000 or six times
your monthly salary(4) (whichever is
lower). |
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Flexible repayment periods ranging from six to 48
months. |
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Same-day approval and cash disbursement(5).
Apply and get approval in the same morning, and
you can withdraw the loan via ATM in the afternoon(6). |
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Eligibility to apply for a Top-up
Loan on your repaid principal amount(7)
with no income proof required. |
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Apply online to enjoy our five-second Instant Preliminary Approval Service. You will get the chance to enjoy a full-year interest and handling fee waiver upon successful application!
Please click here for details, terms and conditions. |
| * |
The interest expenses that can be saved are determined on a case-by-case basis. Please contact the staff of Hang Seng Bank Limited (“Hang Seng”) for your actual saving on interest expenses.
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| (1) |
Interest rates for Hang Seng Handy Cash Personal Instalment Loan ("the Instalment Loan") vary according
to the loan amount. For details, please refer to the interest rate table. The annualised percentage rate of the
monthly flat rate of 0.25% is 7.61%, 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 12-month
tenor in accordance with the Code of Banking Practice. The interest rate is applicable on a case-by-case basis and
the final approved interest rate is subject to the loan amount and credit assessment result.
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| (2) |
This example is calculated based on a monthly flat rate of 0.55% over a 48-month repayment period. The
annualised percentage rate is 15.07%, 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 in accordance with the
Code of Banking Practice. The final approved interest rate is subject to the loan amount and the results of credit
assessment.
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| (3) |
This example is calculated based on an annual interest rate of 24% and a monthly repayment of 5% of
the outstanding balance or HKD50 (whichever is higher) over a 171-month repayment period. The average
monthly repayment amount above is calculated based on the first six instalment repayments.The annualised percentage rate is 26.83%. The annualised percentage rate is calculated using the Net Present Value Method in accordance with the Code of Banking Practice.
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| (4) |
The final approved loan amount, which is calculated
by way of monthly salary multiple is subject to
change, in accordance with the circumstances of
individual cases. |
| (5) |
Same day approval and cash disbursement is only
applicable to customers applying for the Instalment
Loan online, via the Hang Seng 24-hour Personal Loan Application
Hotline or in person at any branch of Hang Seng.
Customers are required to maintain
a specified Hang Seng repayment account to
enjoy such service. Generally, application will
be assessed and, if approved, loan will be available
on the same working day if Hang Seng receives all
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.
|
| (6) |
Only applicable to customers with Hang Seng account. |
| (7) |
Customers are eligible to apply for a Top-up
Loan on the repaid principal amount if the
repaid principal amount is over HKD3,000.
Customers must also have a punctual repayment
record to enjoy the Top-up Loan. For detailed
terms and conditions, please refer to the relevant
application form.
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| Promotion period from 23 June to 22 August 2008. |