General enquiries of Personal Instalment Loan

Minimum loan amount is HK$10,000 or above, and Maximum loan amount is up to HK$2,000,000 or 20 times of monthly salary (whichever is lower).

Loan Set up Fee of 2% on the principal amount of the loan will be charged. The Loan Set Up Fee shall be deducted from the loan principal amount upon draw down of the loan and is non-refundable.

Flexible repayment period is up to 60 months. You can choose repayment period from 12、18、24、30、36、42、48、54 or 60 months.

The applicant must be a Hong Kong resident aged 18 or above with a minimum annual income of HK$80,000.

Based on the repayment period, monthly repayment amount will be deducted from customer’s designated bank account by Direct Debit Authorization.

Early full settlement of personal instalment loan is permissible upon seven days’ prior written notice to the Bank. Apart from the outstanding loan principal (including any arrears), outstanding handling fee (if applicable) and interest up to the next repayment date, 2% per annum on the principal amount of the Loan for early settlement administrative fee will also be charged (calculated by reference to the number of years in the remaining Loan period, and any part of a year shall be rounded up to a year).

For failing to pay any Monthly Repayment Amount in full when due, the Bank will charge for each month a late repayment surcharge of HK$1,000.

Customers are eligible to apply for a top-up loan on the repaid principal amount if a minimum of one instalment is repaid, and the repaid principal amount is over HK$5,000 with a punctual repayment record maintained. The Bank reserves the right of approval of the top-up loan based on the customer’s financial standing.