Terms and Conditions for DBS Personal Instalment Loan Promotion

  1. DBS Personal Instalment Loan Promotion (the “Promotion”) commences from 1 November 2020 and ends on 30 November 2020, both dates inclusive (the “Promotion Period”).
  2. Customers who successfully apply for Personal Instalment Loan ( the “Loan”) offered by DBS Bank (Hong Kong) Limited (the “Bank”) during the Promotion Period from whichever channels and draw down the approved Loan on or before 21 December 2020, if the approved Loan amount reaches the amount set out in the below table, customers will be awarded with the corresponding amount of “InstaRedeem” Amount (“Reward”):
    Loan Amount Reward
    HK$100,000 to HK$299,999 HK$300
    HK$300,000 to HK$499,999 HK$500
    HK$500,000 to HK$999,999 HK$800
    HK$1,000,000 to HK$1,499,999 HK$1,000
    HK$1,500,000 or above HK$2,000
  3. For customers who fulfilled the requirements described in Clause 2, if the following condition is met, they can be entitled to extra Reward:
    1. For customer who has any principal credit cards (including co-branded cards) and/or personal loan products with the Bank on the date of application ("Existing Customer"), if his/her Loan is successfully applied for via DBS Omni website or DBS Omni application ("DBS Omni"), he/she is entitled to an extra HK$500 Reward. If his/her Loan is successfully applied for via the website, DBS iBanking or promotion hotline 2290 8118 of the Bank, he/she can only be entitled to an extra HK$200 Reward.
    2. For customer who is not Existing Customer, if his/her Loan is successfully applied for via the website, DBS iBanking or promotion hotline 2290 8118 of the Bank, he/she is entitled to an extra HK$200 Reward.
  4. The Reward will be awarded to the eligible customers via the red “InstaRedeem” button of DBS Omni upon eligible customers’ spending with the Applicable Credit Card (as defined in Clause 5a) issued by the Bank during 1 August 2021 to 31 January 2022 (“Reward Period”) and when the spending is displayed on Timeline of DBS Omni.
  5. To receive the Reward, customers must:
    1. hold a valid principal credit card issued by the Bank (including Co-branded Cards, except Private Label Cards and Business Cards) ("Applicable Credit Card"), choose the DBS$ Redemption Scheme under the DBS$ Reward Scheme for that Applicable Credit Card, download DBS Omni, register and activate DBS Omni account successfully, enable the “InstaRedeem” push notification of DBS Omni on 30 June 2021. For customer who holds more than one valid principal credit card issued by the Bank on 30 June 2021, his/her Applicable Credit Card is by default based on the following priority:
      Priority Applicable Credit Card
      1 DBS COMPASS VISA
      2 DBS Black World Mastercard
      3 DBS Eminent Card
      4 DBS Black American Express Card
      5 Manulife Credit Card
      6 CABLE Power VISA
      7 DBS Pay Less Visa Platinum Card
      8 DBS ecPay VISA

      For avoidance of doubt, if a customer holds DBS Black World Mastercard, DBS American Express Card and Manulife Credit Card on 30 June 2021 and successfully applies for DBS COMPASS VISA subsequently on 18 July 2021, his/her Applicable Credit Card is DBS Black World Mastercard by default;
    2. conduct retail spending of amount in excess of the Reward amount to be pushed with that Applicable Credit Card during the Reward Period. For avoidance of doubt, taking the example above, if customer spends with credit cards other than DBS Black World Mastercard, no Reward will be entitled by the customer.
  6. Based on the total amount of Reward entitled by the eligible customer, the Reward will be pushed automatically to the eligible customer, according to the number of times and amount set out in the table below, after the eligible customer has completed a transaction in excess of any available push amount with the Applicable Credit Card. The eligible customer can use the Reward received to set off the amount payable for that transaction via the “InstaRedeem” function of DBS Omni.

    Total Amount of Reward Number of Times of Push Push Amount Each Time
    HK$300 3 HK$100
    HK$500 1 HK$500
    HK$700 3 1 time HK$500, 2 times HK100
    HK$800 4 1 time HK$500, 3 times HK100
    HK$1,000 2 HK$500
    HK$1,200 4 2 times HK$500, 2 times HK100
    HK$1,300 5 2 times HK$500, 3 times HK100
    HK$1,500 3 HK$500
    HK$2,000 4 HK$500
    HK$2,200 6 4 times HK$500, 2 times HK100
    HK$2,500 5 HK$500
  7. Reloads of e-Wallets (e.g. PayMe, WeChat Pay and Alipay) and retail transactions paid through e-Wallets will not be considered as spending for pushing of the red “InstaRedeem” button.
  8. If an eligible customer does not complete the matters set out in Clause 5 on time, including but not limited to not holding a valid Applicable Credit Card or failing to complete the transaction that can enjoy the Reward with the Applicable Credit Card, he/she will be deemed to have forfeited the Reward or part thereof. The Bank will not make any special arrangements and any forms of compensation. For avoidance of doubt, please refer to the below examples:
    • Example 1
      Assume an eligible customer (total amount of Reward entitled is HK$800) downloads DBS Omni, registers and activates DBS Omni account on 16 May 2021, and spends with the Applicable Credit Card at retail stores on the following dates, the table below shows the Reward awarded to the eligible customer under this case:

      Transaction Date Transaction Amount “InstaRedeem” Amount Pushed Remarks
      23 July 2021 HK$596.3 Nil The Reward Period has not started
      5 August 2021 HK$435.2 HK$100
      20 August 2021 HK$567.50 HK$500
      17 October 2021 HK$134.90 HK$100
      23 January 2022 HK$84.8 Nil Transaction amount is below the available push amount
      15 February 2022 HK$125.90 Nil Beyond the Reward Period
      Total amount of Reward awarded: HK$700
    • Example 2:
      Assume an eligible customer (total amount of Reward entitled is HK$800) downloads DBS Omni, registers and activates DBS Omni account on 18 July 2021, and spends with the Applicable Credit Card at retail stores on the following dates, the table below shows the Reward awarded to the eligible customer under this case:

      Transaction Date Transaction Amount “InstaRedeem” Amount Pushed Remarks
      23 July 2021 HK$596.3 Nil The Reward Period has not started
      5 August 2021 HK$435.2 Nil Fail to download DBS Omni, register and activate DBS Omni account on or before 30 June 2021
      20 August 2021 HK$567.50 Nil ditto
      17 October 2021 HK$134.90 Nil ditto
      23 January 2022 HK$84.8 Nil ditto
      15 February 2022 HK$125.90 Nil Beyond the Reward Period
      Total amount of Reward awarded: HK$0
  9. The Reward of this Promotion cannot be enjoyed in conjunction with other “InstaRedeem” promotion offers offered by the Bank and the merchants. If eligible customer’s spending meets the requirements of other "InstaRedeem" promotion offer at the same time, the Bank has the right to determine which offer to be awarded in respect of that spending. When the spending has already been awarded in other "InstaRedeem" promotions, the same spending cannot be awarded again under this Promotion. In case of any disputes, the Bank reserves the right of final decision.
  10. The Reward is only applicable to eligible customer whose Loan account is in good standing and not in default (as determined by the Bank at its sole discretion). If the eligible customer’s credit standing is unsatisfactory or the eligible customer early repays the full amount of the Loan, the Bank reserves the right to stop issuing the Reward or deduct the face value of the Reward awarded to the eligible customer from the relevant Loan account without prior notice. The Bank has the sole discretion to determine whether eligible customer is eligible for the Reward.
  11. The eligible customer must keep the original receipt of each spending transaction. In case of disputes about the entitlement of the Reward, the Bank reserves the right to require the eligible customer to present the original receipt of the spending transactions for verification. If there is any discrepancy between the Bank’s and the eligible customer’s record, the Bank’s record and determination shall be final and conclusive.
  12. Whether a customer is defined as an Existing Customer or not is based on the Bank’s record. In case of any disputes, the Bank’s record is conclusive.
  13. The Bank may modify or terminate the Promotion and/or change these terms and conditions. The Bank’s decision is final.
  14. The English version shall prevail if there is any inconsistency between the English and Chinese versions.