The 0.22% monthly handling fee is applicable to selected customers and designated instalment amount, and is for reference only. The handling fee is to be determined by Hang Seng from time to time for individual promotion. The annualized percentage rate (APR) of 0.22% monthly handling fee are as follows: 4.61% for 6 months, 4.95% for 12 months, 5.11% for 24 months, 5.14% for 36 months, 5.13% for 48 months, 5.11% for 60 months. The APR is calculated based on the requirement of the Code of Banking Practice. APR is a reference rate which expresses the fees and charges of respective product as an annualized rate.
If you fail to make full repayment of the statement balance specified in your credit card account statement on or before the payment due date of each month, you shall pay a finance charge and other charges on any monthly instalment amount due but unpaid at the prevailing interest rate applicable to your credit card account from the post date of such monthly instalment.
The calculation of the monthly handling fee as low as HKD22 is assumed as follow: HKD10,000 (withdrawal amount) x 0.22% (Monthly Handling Fee), this example is for reference only.
The minimum total amount to apply for spending instalment is HKD3,000. Applicable to designated spending categories only, for details, please refer to Clause 3 of the Terms and Conditions for Interest-free Spending Instalment - Personalized Monthly Handling Fee Plan.
Must apply via the website of Hang Seng (hangseng.com) or Hang Seng Personal Banking Mobile Application.
The above example is for reference only, for the actual monthly instalment amount, please refer to monthly statement.
Remark: No Cash Dollars will be offered on the handling fee and monthly instalment amounts.