Hang Seng Property Secured Overdraft Facility

Personal Banking > Loan > Asset Link Secured Overdraft Facility > Current Promotion Offer





Terms and conditions for promotion offers:
This above offers are only applicable to new customers of Hang Seng Property Overdraft Facility and the application is received by Hang Seng during the period from 2 November 2009 to 31 December 2009 (“Promotion Period”). Only successful application with approved Ceiling Limit of HKD500,000 or above and drawdown on or before 30 January 2010 is eligible for the offers. Starting from the Overdraft Facility effective date indicated in the Letter of Confirmation (hereinafter referred to as “Set Up Date”), interest shall be charged at P-2% p.a. for the first six months and the handling fee during the first six months after the Set Up Date shall also be waived. This offers are only applicable to customers who are existing Hang Seng Integrated Account holders (including Prestige Banking/ Preferred Banking or other Integrated Account) or customers who have successfully applied for an Integrated Account together with Hang Seng Property Overdraft Facility.
Starting from the seventh month after the Set Up Date, customers will enjoy interest rate for Hang Seng Property Overdraft Facility at P% p.a., of which interest is calculated based on the overdrawn amount.
Starting from the seventh month after the Set Up Date, a monthly handling fee of 0.01% on the Property Overdraft Ceiling Limit will be charged.
Hang Seng reserves the right to suspend, revise or terminate the above offers and amend the terms and conditions thereof at any time without prior notice. In case of disputes, Hang Seng reserves the right of final decision.
In case of any discrepancy between English and Chinese versions of the terms and conditions of these promotion offers, the English version shall prevail.