Unsecured Overdraft Facility

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    Enhance financial flexibility with Standby Cash

    Offers you extra cash to meet your financial needs.

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Latest offer

First-year annual fee waiver[1]

Overdraft interest will be charged only on the outstanding amount on a daily basis with no repayment deadline

Withdraw your standby cash in several ways with no cash advance fee required

Unsecured overdraft limit up to HKD800,000 or 8 times your monthly salary[2]

Minimum monthly repayment is just 3% of the account outstanding balance or HKD100

Loan rate and monthly repayment amount

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Your loan plan Result
As of HKT
Monthly repayment amount
HKD -
Monthly flat rate
- %
Debt Consolidation Instalment Loan Credit Card Minimum Payment
Debt Consolidation Instalment Loan Credit Card Minimum Payment
Monthly repayment amount HKD - Minimum Payment
Total interest amount HKD -
(Save HKD -)
HKD -
Repayment period 72 month(s)
(Shortened by - month(s))
- month(s)
The Annualised Percentage Rate of Debt Consolidation Instalment Loan is -
Your payment will be as follows if you make no additional changes using this account:
Each month you pay (HKD) Repayment period Estimated total payment amount (HKD)
Each month you pay (HKD) Repayment period Estimated total payment amount (HKD)
Only the minimum repayment - month(s) -
- 36 month(s) -
If you pay off the balance amount in 36 months, you can save HKD - for the total payment amount.
Annual interest rate
- %
Annualised Percentage Rate (”APR“)
- %
Daily interest payable Daily interest paid
HKD -
Monthly interest paid[6]
HKD -
Interest rate Effective rate (p.a.)
- %
Monthly minimum payment amount
HKD -
Your loan plan
Title

If your applications cannot meet our Unsecured Overdraft Facility approval requirements, the applications will still be processed on a case-by-case basis, but the rate offered may be adjusted. Customer will be notified of the relevant adjusted rate upon Unsecured Overdraft Facility approval.

Signature Banking Customers / Prestige Banking Customers can enjoy perpetual annual fee waiver for the Unsecured Overdraft Facility, while other Integrated Account customers can enjoy first-year annual fee waiver. The first-year annual fee waiver of the Unsecured Overdraft Facility, which ranges from 0.5% to 1% of the overdraft limit, is subject to a minimum of HKD200 and a maximum of HKD800. The second year's annual fee of the Unsecured Overdraft Facility will be charged on the first anniversary of the effective date of the Unsecured Overdraft Facility.

Professionals include: (i) customers with a professional certificate issued by a professional body, including but not limited to doctors, accountants, lawyers, architects, surveyors, engineers and pilots (ii) senior civil servants with Master Pay Scale Point of 34 or above or equivalent. Hang Seng Bank Limited ("Hang Seng") reserves the right of final interpretation to the definition of "Professionals". Privileged customers include Hang Seng payroll account customers and Hang Seng Mortgage customers. Please contact Hang Seng’s staff for details.

Footnote

Other point(s) to note

  1. Prime Rate refers to the Hong Kong Dollar Prime Lending Rate as quoted by Hang Seng from time to time.
  2. Interest will be calculated on the basis of actual numbers of days elapsed and 365 / 366-day year.
  3. The late charge is HKD100.
  4. For details of the service provisions, charges and annual fees of the relevant Integrated Account, please refer to respective leaflets of the corresponding products.
  5. 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. In case of dispute, the decision of Hang Seng shall be final.

Remark(s)

  1. The promotion period commences on 1 January 2022 and expires on 30 June 2022, both dates inclusive (the “Promotion Period”). The offers are available to customers who successfully apply for Unsecured Overdraft Facility within the Promotion Period. Signature Banking Customers / Prestige Banking Customers can enjoy perpetual annual fee waiver for the Unsecured Overdraft Facility, while other Integrated Account customers can enjoy first-year annual fee waiver. The first-year annual fee waiver of the Unsecured Overdraft Facility, which ranges from 0.5% to 1% of the overdraft limit, is subject to a minimum of HKD200 and a maximum of HKD800. The second year's annual fee of the Unsecured Overdraft Facility will be charged on the first anniversary of the effective date of the Unsecured Overdraft Facility.
  2. The final approved unsecured overdraft limit is subject to change in accordance with the circumstances of individual cases.

To borrow or not to borrow? Borrow only if you can repay!