* Please refer to the terms and
conditions for details
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| Terms and Conditions: |
1. |
This online promotion starts from 1 March
2009 to 28 February 2010 (both dates inclusive) (“Promotion
Period”) and is only applicable to Hang Seng Personal Instalment
Loans, Hang Seng Handy Cash Personal Revolving Loan (“Revolving
Loan”) and Hang Seng Unsecured Overdraft Facility (“Unsecured
Overdraft”). Hang Seng Personal Instalment Loans include
Hang Seng “Self-fulfilment” Interest-free Instalment
Plan, Hang Seng Handy Cash Personal Instalment Loan, Hang Seng
Tax Comforter and Top-up Loan for Hang Seng Personal Instalment
Loan (“Top-up Loan”). |
2. |
To be eligible to enter the lucky draw, customers
are required to successfully apply for, and after approval by
Hang Seng, draw down their Hang Seng Personal Instalment Loans
or Revolving Loans, or successfully apply for and obtain approval
for their Unsecured Overdrafts via hangseng.com/loan or Hang Seng
Personal e-Banking during the Promotion Period. For Hang Seng
Personal Instalment Loans, the required minimum repayment period
is 12 months. Customers will be entitled to one lucky draw entry
for each eligible application. Customers will get one extra lucky
draw entry for each additional loan facility for which they have
applied and obtained approval. This lucky draw is not applicable
to the staff of Hang Seng Bank Limited (“Hang Seng”)
and its subsidiary companies. |
3. |
Hang Seng will conduct 12 lucky draws on
the 10th day of each month (if that day is a public holiday, the
lucky draw will be postponed to the next working day) starting
from April 2009 in the form of random draw via a computer system.
One winner will be drawn each month for the 10% Loan Amount Rebate
Offer (please refer to point four for the details). To be eligible
for each specific round of the lucky draw, customers are required
to draw down their Hang Seng Personal Instalment Loans or Revolving
Loans or obtain approval for their Unsecured Overdrafts during
the specific periods (“Specific Periods”) as follows:
the first round is from 1 March to 31 March 2009; the second round
is from 1 April to 30 April 2009, and so on, and the last round
will be from 1 February to 28 February 2010. Hang Seng will notify
the winners of the lucky draws and the reward details by mail. |
4. |
Each winner of the 10% Loan Amount Rebate
Offer will be offered a 10% rebate of the loan amount of his or
her Hang Seng Personal Instalment Loan or 10% rebate of the average
daily outstanding balance for the first 12 months of his or her
Revolving Loan/ Unsecured Overdrafts; to be eligible for the offer,
each winner must fulfill all the conditions set out below. This
rebate will be credited to customers’ instalment loan repayment
accounts, Revolving Loan accounts or the account with the approved
Unsecured Overdrafts in two phases and will be calculated on a
six-month basis for each phase starting from the day the customers
have won the reward.
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Customers must have no record of default or early settlement
of their instalment loans or must not close their Revolving
Loan accounts or cancel their Unsecured Overdrafts prior
to the crediting of the rebate. |
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If customers settle their instalment loans ahead of schedule
after the crediting of the rebate or close their Revolving
Loan accounts within 24 months after the account is opened
or cancel their Unsecured Overdrafts within 24 months after
the effective date, he/she shall return the rebate in full
to Hang Seng upon settlement of the facility. |
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To enjoy the rebate, Revolving Loan customers
are required to maintain an average daily outstanding balance
(based on the statement balances shown on the statements)
at 30% or above of the loan amount for each phase before
the rebate is credited. To enjoy the rebate, Unsecured Overdraft
customers are required to maintain an average daily outstanding
balance (based on the posting date) at 30% or above of the
overdraft facility. Customers will not be eligible for the
second rebate if they fail to maintain the respective average
daily outstanding balance in the remaining six months after
the first rebate. |
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5. |
Rebate methods are as follows:
Instalment Loan
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The first rebate will be credited to customers’ account
before the 7th payment due date after customers have drawn
down the loans. The 2nd rebate will be credited to customers’
account before the 7th payment due date from the date of the
first rebate. |
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The maximum total rebate amount for each customer
is HKD10,000. If the first rebate has reached HKD10,000, the
second rebate will not be credited to the customers’
account. |
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The rebate amount will be calculated as follows:
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Self-fulfilment Interest-free Instalment Plan: Loan
amount x 10% / 2. |
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Handy Cash Personal Instalment Loan: Loan
amount x 10% / 2 (the handling fee will not be included
in the loan amount). |
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Top-up Loan: Top-up loan amount x 10% / 2. |
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Tax Comforter: loan amount x 10% / 2. |
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Revolving Loan / Unsecured Overdraft
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The rebate amount will be rebated to customers
in two phases, and will be credited to customers’ account
before the statement cut-off date of the 7th and 13th statements
after the Revolving Loan has been opened/the Unsecured Overdraft
effective date respectively. |
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The maximum total rebate amount for each customer is HKD10,000.
If the first rebate has reached HKD10,000, the second rebate
will not be credited to the customers’ account. |
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The rebate amount will be calculated as follows:
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Revolving Loan |
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The rebate amount will be calculated from the 1st
statement after the Revolving Loan has been opened,
and will be based on the average statement balance for
the following two six-month periods. The first rebate
will be equalled to the total statement balance from
the 1st statement to the 6th statement / 6 x 5%; and
the second rebate will be equalled to the total statement
balance from the 7th statement to the 12th statement
/ 6 x 5%. |
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Unsecured Overdraft |
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The rebate amount will be calculated from the 1st
statement after the Unsecured Overdraft effective date,
and will be based on the average daily outstanding balance
for the following two six-month periods. The first rebate
will be equalled to the average daily outstanding balance
for the 1st to 6th months x 5%; and the second rebate
will be equalled to the average daily outstanding balance
for the 7th to 12th months x 5%. |
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Remark: Hang Seng reserves the right to suspend,
revise or terminate the above offer and amend the terms and conditions
thereof without prior notice. The approval of the loan is subject
to the relevant terms and conditions of Hang Seng. In case of any
disputes arising from the above offer, Hang Seng's records shall
prevail and the decision of Hang Seng shall be final.
The English version of these Terms and Conditions shall prevail
whenever there is a discrepancy between the English and Chinese
versions. |
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