For a loan amount of HKD1,000,000 or above, the Annualized Percentage Rate of 2.01% is calculated based on a monthly flat rate of 0.09% for Prestige Banking Customer and a 12-month repayment period, including the full handling fee waiver and first-month payment holiday. The interest rate and the full handling fee waiver are applicable on a case-by-case basis and the final approved interest rate and payable handling fee are subject to the loan amount and credit assessment result.
Other point(s) to note
The Annualized Percentage Rate (“APR”) ranges from 2.01% to 48.00%, with repayment period of 6 to 60 months. The loan application is subject to the Bank’s approval. For a loan amount of HKD100,000 with 12 months repayment period, the monthly flat rate applicable to Prestige Banking Customers is 0.13% (APR 2.91%), and the total loan repayment amount is HKD101,560.80 (including full handling fee). The above example is for reference only.
To borrow or not to borrow? Borrow only if you can repay!