General enquiries of Express Loan

1% handling fee will be charged each year. The handling fee is calculated based on the approved loan amount and the instalment period, and apportioned according to the instalment period for repayment with the monthly instalment.

Flexible repayment period is up to 36 months. You can choose repayment period from 12、24 or 36 months.

The applicant must be a Hong Kong resident aged 18 or above with a minimum annual income of HK$60,000.

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 Express Loan is permissible upon seven days’ prior written notice to the Bank. Apart from the outstanding loan principal (including any arrears), outstanding handling fee and interest up to the next repayment date, 1.5% 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)        a default interest of 3% of the total Monthly Repayment Amount overdue (Annualised Overdue / Default Interest Rate is 42.58%. Default interest is calculated on a compound basis and no minimum amount will be applied.); and

(b)        a late charge of HK$300.

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.