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Personal > Loans > Debt Consolidation Instalment Loan
Debt Consolidation Instalment Loan
Your Existing Outstanding Balance

Please provide your current card or loan outstanding information to find out how you can benefit from our tailored Hang Seng Debt Consolidation Loan Solution!

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Summary of Existing Outstanding Balance
Outstanding Items
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Outstanding Amount
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Your Debt Consolidation Solution
Hang Seng Debt Consolidation Loan
Total Loan Amount
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Annualised Percentage Rate
0%
Monthly Repayment Amount
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APR is calculated based on a monthly flat rate of % over a -month repayment period, including the handling fee by way of a further loan equal to % per annum of the loan amount.

Please consider Hang Seng Personal Instalment Loan. For details, please refer to Handy Cash Personal Instalment Loan.

  •   Hang Seng Debt Consolidation Loan
  •   Original Repayment
Monthly Repayment Amount
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If you prefer extra cash...
 
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Monthly Repayment on Extra Cash Amount
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Hang Seng Bank

Repayment Schedule of Hang Seng Debt Consolidation Instalment Loan

Example Regarding the Breakdown of Principal and Interest in the Monthly Repayment of Hang Seng Debt Consolidation Instalment Loan

(The example below is for reference only which does not reflect the actual repayment process and the allocation of principal and interest regarding individual loan account)

Assuming a loan amount of HKD which a per month flat rate at % applies, with a service charge per annum of % on the loan amount, namely HKD per annum, the monthly instalment amount of such a -month tenor loan is HKD(The monthly instalment amount is rounded up to 1 decimal point).

Loan Amount: HKD
Interest Rate (per month flat): %
Tenor (Months):
Service Charge per annum%: %
Total Service Charge: HKD
Total Loan Amount: HKD
Monthly Instalment Amount : HKD
No. of Instalment Monthly Instalment Amount Interest Payment Principal Payment
Hang Seng Debt Consolidation Instalment Loan:
  • Successfully apply on or before 24 August 2018, you are entitled to enjoy up to HKD500 Cash Rebate for Mobile or Online Application.(2)
  • Loan amount of up to 21 times of your monthly salary(3).
  • Personalised interest rate to save more than 89% of interest expenses.
  • Transfer all your outstanding credit card and loan balances to a single loan account for your easy management.
  • Flexible repayment period of 6 to 72 months with a fixed monthly repayment amount for better budget planning.
  • Only the latest month’s income proof(4) is required, people from all sectors are welcome to apply.
  • Enjoy extra cash up to 8 times of your monthly salary(3) on hand in addition to having your outstanding credit card and loan balances paid off!
  • Eligibility to apply for a Top-up Loan on your repaid principal amount(5) during the repayment period. For details, please call our 24-hour application hotline at 2812 8000.
Other Application Channels
  1. 24-hour Personal Loan Application Hotline 2812 8000
  2. Hang Seng Personal Banking Mobile App
Useful Tools
Terms and Conditions
  1. (1) The promotion period commences on 25 June 2018 and expires on 24 August 2018, both dates inclusive (the “Promotion Period”). The offers are available to customers who successfully apply for and draw down Hang Seng Debt Consolidation Instalment Loan (“the Loan”) within the Promotion Period.
  2. (2) During the Promotion Period, customers who have successfully applied for Hang Seng Debt Consolidation Instalment Loan via hangseng.com/loan, Hang Seng Personal e-Banking or Hang Seng Mobile Application and drawn down the loan with a designated draw down amount and a minimum repayment period of 12 months will be entitled to up to HKD500 Cash Rebate. The applicable cash rebate for the corresponding draw down amount is shown as below.

    Draw Down Amount Repayment Period Cash Rebate
    HKD80,000 - HKD299,999 12 months or above HKD100
    HKD300,000 - HKD799,999 HKD200
    HKD800,000 or above HKD500
         The cash rebate will be credited to customer’s repayment account by 31 October 2018 without prior notice. Customers must have no record of default or early settlement of their instalment loans. If customers settle their instalment loans ahead of schedule after the crediting of the rebate, he/ she shall return the rebate in full to Hang Seng Bank Limited (“Hang Seng”) upon settlement of the loan. Each eligible customer could enjoy the offer once only in the Promotion Period.
  3. (3) The final approved loan amount is subject to the circumstances of individual cases.
  4. (4) Hang Seng reserves the right to request additional income proof from individual applicants on a case-by-case basis.
  5. (5) Customers are eligible to apply for a Top-up Loan on the repaid principal amount if a minimum of one instalment is made, the repaid principal amount is over HKD3,000 and a punctual repayment record is maintained. For the detailed terms and conditions, please call our 24-hour application hotline at 2812 8000.
  6. (6) No person other than the Customer and Hang Seng (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provisions of these terms and conditions.
  7. (7) These terms and conditions are subject to prevailing regulatory requirements.
  8. (8) These terms and conditions shall be governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region.
  9. (9) Hang Seng reserves the right to terminate the above offers at any time or to vary the same and the related terms and conditions from time to time. The approval of the loan is subject to Hang Seng’s final decision. In case of any dispute, the decision of Hang Seng shall be final.

Remark:

  • For details of the loan and offers, interest rates, handling fees, annualised percentage rates, and related terms and conditions, please contact Hang Seng staff. The salary scheme of our representatives (included basic salary and incentive) is based on their performance of various aspects and not only the sales target achieved.
  • Customer is advised to pay attention on whether interest expenses would be saved by making early repayment of personal instalment loan. For enquiring the relevant fees and charges of loan account, please call our Personal Loan Service Hotline 2997 3882.
  • For the frequently asked questions relating to Personal Instalment Loan (e.g. Important notes of early repayment; the basis of apportionment of principal and interest in the monthly repayment, etc), please refer to our Bank’s website (Personal Banking>Loans>Personal Instalment Loan>FAQ)

 

Remark:
The annualised percentage rate (“APR”) ranges from 2.46% to 48%, with repayment period of 6 to 72 months. The loan application is subject to the Bank’s approval. For a loan amount of HKD200,000 with 60 months repayment period, the monthly flat rate is 0.20%( (APR 6.77%), and the total loan repayment amount is HKD235,200 (the handling fee by way of a further loan equal to 1% per annum of the loan amount). The above example is for reference only.
To borrow or not to borrow? Borrow only if you can repay!