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Personal > Loans > Personal Instalment Loan
Handy Cash Personal Instalment Loan

Offers you right loan solution at low interest rate to suit your needs! From 25 June 2018 to 24 August 2018, apply and draw down the Loan to enjoy privileged offers:

  • Monthly flat rate as low as 0.11% (Annualized Percentage Rate as low as 2.46%)* and handling fee waiver*.
  • Selected Customers^ can enjoy interest discount up to 7% off#. Prestige Banking Customers can even enjoy interest discount up to 15% off#.
  • Up to HKD500 Cash Rebate for online or mobile application(4).
  • Payroll Customers do not need to submit documents and enjoy extra up to HKD500 Cash Rebate(5)
  • Loan amount up to HKD2,500,000 or 10 times of your monthly salary (whichever is lower)(6), and repayment periods up to 60 months(7).
  • During repayment period, you can also apply for a Top-up Loan on your repaid principal amount(8) with no documents required(9).
Personal Instalment Loan Calculator

Please provide the following information to calculate the Monthly Repayment Amount and generate the example of Repayment Schedule:

Loan Amount:
 
Repayment Period:
 
 
Handling Fee:
 

Monthly Repayment Amount

HKD

Total Repayment Amount

HKD
Hang Seng Bank Repayment Schedule of Hang Seng Handy Cash Instalment Loan

Example Regarding the Breakdown of Principal and Interest in the Monthly Repayment of Hang Seng Handy Cash 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
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 Handy Cash Personal Instalment Loan (“the Loan”) within the Promotion Period.
  2. (2) Checking application status anytime is available to Hang Seng Handy Cash Personal Instalment Loan customers (excluding Top-up Loan and Debt Consolidation Instalment Loan) only. Customers can check the application status via Hang Seng Personal e-Banking. The display of application status is within 45 calendar days from the Application Date, which refers to the application date reflected in the system record of Hang Seng Bank Limited (“Hang Seng”).
  3. (3) Customers can instantly accept the terms and conditions of the Loan via Hang Seng Personal e-Banking (excluding Top-up Loan and Debt Consolidation Instalment Loan). In general, if customer accept the terms and conditions of the Loan via Personal e-Banking before 3:00pm from Monday to Friday, and if the final approved result matches the preliminary approved result, the approved loan amount will be deposited to customer’s designated Loan Disbursement Account in Hang Seng on the same working day the soonest, subject to the actual situation from time to time. Instructions received on Saturday, Sunday or Public Holiday will be processed on the next working day. The approval of the Loan is subject to Hang Seng's final decision.
  4. (4) During the Promotion Period, customers who have successfully applied for Hang Seng Handy Cash Personal Instalment Loan (excluding Top-up Loan) via hangseng.com/loan, Hang Seng Personal e-Banking or Hang Seng Mobile Application and drawn down the loan with a designated drawdown 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 drawdown amount is shown as below.

    Drawdown 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 upon settlement of the loan. Each eligible customer could enjoy the offer once only in the Promotion Period.
  5. (5) During the Promotion Period, existing Hang Seng Payroll Service Customers who have successfully applied for Hang Seng Handy Cash Personal Instalment Loan (excluding Top up loan) and drawn down a designated drawdown amount and a minimum repayment period of 12 months will be entitled to up to HKD500 Cash Rebate if there are payroll transactions of not less than HKD6,000 each in any two months within the preceding three months as of the month of Cash Rebate in their designated Hang Seng Integrated Account including a sole-named or joint-named Prestige Banking, Preferred Banking, Green Banking or Integrated Account while the payroll amount must be directly credited to the aforesaid designated Hang Seng Integrated Account by the employer through the Payroll Service. The applicable Cash Rebate for the corresponding drawdown amount is shown as below.

    Drawdown Amount Repayment Period Cash Rebate
    HKD200,000 - HKD799,999 12 months or above HKD200
    HKD800,000 or above HKD500
    The Cash Rebate will be credited to customer’s repayment account by 30 November 2018 without prior notice. Customers must have no record of default or early settlement of their instalment loan before the rebate. 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 upon settlement of the loan. Each eligible customer could enjoy the offer once only in the Promotion Period.
  6. (6) The final approved loan amount, which is calculated by way of monthly salary multiple, is subject to change in accordance with the circumstances of individual cases.
  7. (7) Customers can choose for a 6, 12, 18, 24, 30, 36, 42, 48, 54 or 60 months repayment period.
  8. (8) Customers may 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 refer to the relevant application form.
  9. (9) Hang Seng reserves the right to request additional documents from individual applicants on a case-by-case basis.
  10. (10) 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.
  11. (11) These terms and conditions are subject to prevailing regulatory requirements.
  12. (12) These terms and conditions shall be governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region.
  13. (13) 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.
  14. (14) In case of any dispute from Customers, the decision of Hang Seng shall be final.


Remark:

^ Selected Customers include Hang Seng Preferred Banking Customers, Payroll Customers and Mortgage Customers. Please contact Hang Seng staff for your personalized offers.

* For a loan amount of HKD800,000 or above, the annualized percentage rate of 2.46% is calculated based on a monthly flat rate of 0.11% and a 12-month repayment period, including the full handling charge waiver. The interest rate and the full handling charge waiver are applicable on a case-by-case basis and the final approved interest rate and payable handling charge are subject to the loan amount and credit assessment result.

# Taking loan amount of HKD800,000 or above and a 12-month repayment period as an example, Prestige Banking Customers and Selected Customers (including Preferred Banking Customers, Payroll Customers and Mortgage Customers) can enjoy a monthly flat rate of 0.11% and 0.12%; while Other Customers can enjoy a monthly flat rate of 0.13%, which means Prestige Banking Customers can enjoy a 15% off interest discount and Selected Customers can enjoy a 7% off interest discount. The interest rate listed above and the full handling charge waiver are applicable to designated loan amount and are for reference only. The final approved interest rate and payable handling charge are subject to the loan amount and credit assessment result.

  • All annualized percentage rates are calculated using the Net Present Value Method in accordance with the Code of Banking Practice. The annualized percentage rates are reference rate which include the basic interest rate and other fees and charges of a product expressed as an annualized rate (if applicable). For loan and offer details, interest rates, handling charges, annualized percentage rates, terms and conditions, please contact Hang Seng staff or refer to the application form. 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 48.00%, 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 0.24% (APR 5.40%), and the total loan repayment amount is HKD102,880.80 (including full handling fee waiver). The above example is for reference only.
To borrow or not to borrow? Borrow only if you can repay!