Preferential interest levels
An annualised portion price (APR) of just one% p.a.
Preferential rate of interest for 100% Personal Loan Guarantee Scheme
Monthly payment quantity for each and every HKD10,000 lent (considering that loan tenor of 72 months and APR of just one%)
For the first one year: HKD4.9
Through the 13th thirty days onwards: HKD171.6
Preferential interest for 100% Personal Loan Guarantee Scheme
Month-to-month payment quantity for almost any HKD10,000 lent (considering that loan tenor of 72 months and APR of just one%)
being an example, the month-to-month payment quantity as well as the Annualised Percentage price (APR) are determined predicated on 72-month payment duration and loan number of every 10,000. The month-to-month payment quantity is curved as much as 1 decimal spot. The APR is determined making use of technique specified in appropriate instructions iued by The Hong Kong Aociation of Banking institutions, and it is curved up or down seriously to the nearest 2 decimal places. An APR is a guide price, including all relevant rates of interest, fees and fees for the item, expreed as an annualised price. Take note that the particular month-to-month payment quantity may vary. Clients can make reference to the loan verification page for real information that is related.
Maximum loan quantity is 6 times the common income that is monthly any a few months from January 2020 to February 2021, or 6 times the common monthly aeable earnings as calculated with regards to the income income income tax demand note when it comes to monetary 12 months 2019-2020, or HKD80,000, whichever is gloomier
Receive a complete rebate on the premium interest once the mortgage happens to be settled in complete
Simple tips to use
Papers installment loans Florida no credit needed
To use for that loan underneath the 100% Personal Loan Guarantee Scheme, you need to:
Automobile payroll clients
Non-auto payroll customers
۱٫ HKID card
A duplicate of your HKID card showing that you’ve got permanent residency status.
۲٫ Evidence of your latest domestic addre