To borrow or not to borrow? Borrow only if you can repay!

Notes:

1. 3-minute approval-in-principle approval service is only applicable to the online applications for Hang Seng Business Loan received by Hang Seng Bank Limited ("Hang Seng") in 6:45am to 9pm from Mondays to Fridays, and in 6:45am to 6pm on Saturdays, Sundays and public holidays, and subject to the devices and internet performance of customers, the availability and stability of the bank’s related systems and servers, as well as the credit reference agency’s services. Hang Seng reserves the right for providing the service. For the online applications without 3-minute approval-in-principle approval results provided, the bank would contact the applicants in two working days. 3-minute approval-in-principle approval result is generated according to the information provided by applicants in online application, the internal records of Hang Seng and credit information provided by credit reference agency. The 3-minute approval-in-principle approval result is subject to the supporting documents provided by applicant and final review and approval by Hang Seng. Hang Seng reserves the right for approving a lesser amount of the 3-minute approval-in-principle approval result or reject the application without giving any reason therefor.
2. The digital ID verification and e-Sign service is subject to the devices and internet performance of customers, the availability and stability of the bank’s related systems and servers. Also, the applicant’s connected party(ies) has/ have to be physically located in Hong Kong when completing digital ID verification and e-Sign. Hang Seng reserves the right for providing the service.
3. For illustration, the Annualised Percentage Rate (“APR”) for a 36-month Instalment Loan of HKD2,000,000 without deferral of principal repayment will be 6.54% based on a flat interest rate of 0.28% per month. For the reference of APR for the Instalment Loan of Business Loan, please visit hangseng.com/bizloan_cal. Calculation of APRs is based on the Net Present Value Method in accordance with the Code of Banking Practice. The APRs are expressed as annualised rates and include the basic interest rate and other fees and charges (if applicable). Monthly repayment amount is rounded up to one decimal point. The proportion of loan principal to interest in each monthly instalment is calculated according to the “Rule of 78”.
4. Hang Seng reserves the right to request any further supporting documents / information.
5. Customers may choose to pay interest only and not to make any principal repayment in the first 3 months of the repayment period. Afterwards, customers shall repay the entire principal and pay interest in the remaining repayment period.
6. Customers may apply for the Top-up Loan if at least 6 monthly instalments including the principal and interest have been repaid. Such applications are subject to Hang Seng's usual credit assessment procedures.
7. Customers are required to make a minimum payment of an amount equivalent to 10% of the total outstanding amount on or before the payment due date as shown in the relevant monthly statement.

Terms and conditions for the 0.28% Monthly Flat Rate offer：

Terms and Conditions for Instalment Loan handling fee and Overdraft Facility first-year monthly fee full waiver:

General Terms and Conditions:

In case of any discrepancy between the English and Chinese versions of the above content, the English version shall prevail.