General high-interest loan and credit card* | Transfer to Hang Seng Debt Consolidation Instalment Loan# | ||
Loan amount | HKD200,000 | ||
Average monthly repayment | HKD 8,487 | HKD 3,920 | Reduced by 53% |
Repayment period (month) | 379 (over 31 years) | 60 (only 5 years) | Shortened by over 26 years |
Total interest expense | HKD 347,764 | HKD 35,200 | Interest saved over 89% |
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 |
Remark: