General enquiries of Cashline Revolving Loan
You may find the general enquiries of Cashline Revolving Loan.
With interest charged on a daily basis, you only need to pay for what you use. Your credit limit is automatically restored every time you make a repayment. Enjoy total flexibility with the ability to make withdrawals and repayments at any time, allowing you to satisfy short-term cash demands and manage your cash flow easily.
Interest Rate is as low as 2.75% (APR 2.78%) during the first 4 months (if you are eligible for the Promotional Interest Rate). After that, the Normal Interest Rate is as low as 6% (APR 6.17%). The interest rate quoted here is for reference only. The interest rate applicable to you is subject to your financial condition and is solely determined by us.
Minimum loan amount is HK$10,000 or above, and Maximum loan amount is up to HK$800,000 or 12 times of monthly salary (whichever is lower).
Flexible repayment period is up to 60 months. You can choose repayment period from 6、12、18、24、30、36、42、48、54 or 60 months.
There is no withdrawal handling fee charged.
The 1st year annual fee will be waived and from the 2nd year onwards, 1.5% of the credit limit (minimum HK$200) will be levied per annum.
The applicant must be a Hong Kong resident aged 18 or above with a minimum annual income of HK$80,000.
There will be statement sent to customer on monthly basis, please make payment for the minimum repayment amount (i.e. 2.5% of the Credit Limit or HK$100 whichever is higher) on or before the Statement due date. In case of any late repayment, late fee will be charged and the interest rate will automatically be switched to the Delinquent Interest Rate (i.e. the Normal Interest Rate plus 5% per annum) on the day after the date of next statement. The Delinquent Interest Rate will continue to apply until the full amount or at least the Minimum Payment is paid on or before the Payment Due Date for 2 consecutive monthly statements.
To borrow or not to borrow? Borrow only if you can repay !
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