Please Read Before You Apply
- Terms and conditions apply. For details, please click here. The terms and conditions relating to this promotion campaign is available for download at our website from now until 1 month after the end of the promotional period. Customers may not be able to access or download such version of the information subsequent to the expiry of the specified timeframe. You are advised to download and store a copy for future reference. If you do not agree or have no online access to the terms and conditions, you may contact our Customer Services and request for a physical copy within the above-mentioned timeframe.
- For details of Personal Loan referral programme, please click here. The terms and conditions relating to this promotion campaign is available for download at our website from now until 1 month after the end of the promotional period. Customers may not be able to access or download such version of the information subsequent to the expiry of the specified timeframe. You are advised to download and store a copy for future reference. If you do not agree or have no online access to the terms and conditions, you may contact our Customer Services and request for a physical copy within the above-mentioned timeframe.
- For terms and conditions of preceding month’s promotion, please click here.
- We provide you with a cooling-off right. If you fully repay the loan amount within the cooling-off period (i.e. 7 calendar days after the day of loan drawdown) (“Cooling-off Period”), no interest and early settlement fee will be charged. However, since we have deducted the loan set up fee when disbursing the loan proceed to you and such fee is non-refundable, when you cancel the loan within the Cooling-off Period, you must add the amount of the loan set up fee to the loan proceed you received and return such amount to us. If you have any queries about the Cooling-off Period or need further assistance, please feel free to contact our Customer Service Hotline at 2290 8888.
- The online application will not be processed in real time and is not for urgent submission of information. Should you have any enquiry, please contact our 24-hour hotline at (852) 2290 8888.
- The Annualised Percentage Rate (“APR”) is calculated in accordance with the guideline issued in respect of the Code of Banking Practice and is rounded to the nearest two decimal places. An APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualised rate. The APR has included Loan Set Up Fee of 2% in the calculation. Loan Set Up Fee shall be deducted from the loan principal amount upon draw down of the loan and is non-refundable.
- The APR ranges from 6.38% to 25.24%. The minimum and maximum repayment period is 12 months and 84 months, respectively. The final interest rate and repayment period applicable to a customer is subject to his/her financial condition and is solely determined by us. To facilitate customer to repay, the monthly repayment amount is rounded to an integral, so the final APR may be slightly different from that quoted above.
- If a customer decides to early pay off the loan, customer should assess whether the Early Settlement Administrative Fee outweighs the interest saved. To facilitate the assessment, customer can refer to “Personal Loans FAQ” on the Bank’s website for illustration. For details of such administrative fee, please refer to the Personal Instalment Loan Terms and Conditions.
FAQ
Debt Consolidation Loan and Balance Transfer are financial tools designed to help manage and pay off existing debts, often by combining multiple debts into a single payment and securing a lower interest rate. A Debt Consolidation Loan or a Balance Transfer is a type of personal loan that you may use to pay off existing debts, such as credit card balances or other personal loans.
Debt Consolidation Loan and Balance Transfer, in the context of clearing credit card debts, work by combining multiple existing debts into a single new loan. This process is designed to simplify debt management and potentially reduce interest expenses.
Debt Consolidation Loan and Balance Transfer primarily cover unsecured debts, which typically include credit card debts, unsecured personal loans, and overdraft facilities.
Debt Consolidation Loan and Balance Transfer offer several benefits aimed at helping you manage your finances more effectively, including reduced interest expenses, simplified finances, a clearer repayment plan, potential for cash out, and dedicated support.
