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| Glossary | |
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"Self-fulfilment" Interest-free Instalment Plan
Interest wavier throughout the tenor and
the monthly handling fee is as low as HKD39 (1).
It is easy to calculate.
HKD10,000(Principal) ÷ 12 Months + HKD39 (Monthly Handling Fee*) = HKD872.4(Monthly Repayment Amount)
* The above example is based on
every HKD10,000 instalment amount with a monthly handling fee of
0.39% for an instalment amount of HKD200,000 or above, and a repayment
period of 12 months.
Interest waiver
throughout the tenor regardless of the instalment amount and repayment
period.
Instalment amount of up to HKD800,000 or six
times of your monthly salary(2) (whichever is lower).
Flexible repayment period of 12 to 48 months.
Same day approval
and cash disbursement(3) . Apply and submit the
required documents, and get approval the same morning. The cash will
be ready for you to draw via ATM in the afternoon(4).
Eligible to apply for a Top-up Loan on your repaid principal(5) with no income proof required.
Apply online to have a chance to enjoy the
10% Loan Amount Rebate Offer(6).
Please click
here for details, terms and conditions.
Monthly Repayment Table (7)
| Instalment Amount (HKD) | Monthly Handling Fee (Based on every HKD10,000 instalment amount) |
Monthly Repayment
Amount (APR) (Based on every HKD10,000 instalment amount) |
|||||
| 12 Months | 18 Months | 24 Months | 36 Months | 48 Months | |||
| HKD5,000 - HKD14,999 |
HKD85 | HKD918.40 | HKD640.60 | HKD501.70 | HKD362.80 | HKD293.40 | |
| (19.94%) | (20.18%) | (20.15%) | (19.86%) | (19.47%) | |||
 |
|||||||
| HKD15,000 - HKD49,999 |
HKD69 | HKD902.40 | HKD624.60 | HKD485.70 | HKD346.80 | HKD277.40 | |
| (16.01%) | (16.25%) | (16.27%) | (16.10%) | (15.86%) | |||
|
|||||||
| HKD50,000 - HKD199,999 |
HKD59 | HKD892.40 | HKD614.60 | HKD475.70 | HKD336.80 | HKD267.40 | |
| (13.60%) | (13.82%) | (13.86%) | (13.77%) | (13.59%) | |||
|
|||||||
HKD200,000 or above |
HKD39 | HKD872.40 | HKD594.60 | HKD455.70 | HKD316.80 | HKD247.40 | |
| (8.87%) | (9.04%) | (9.10%) | (9.10%) | (9.03%) | |||
The minimum instalment amount must be HKD5,000.
If customer's instalment application cannot meet our approval requirements, Hang Seng Bank Limited ("Hang Seng") may approve a loan to individual customers on a case-by-case basis but the handling fee offered may be adjusted. For details, please contact Hang Seng's staff. Customers will be notified of the relevant adjusted handling fee upon loan approval. If customer agrees to accept such loan, Hang Seng will credit the loan amount to the designated bank account according to normal procedures.
Loan Selector
(1)
The calculation is based on every instalment amount of HKD10,000 with a monthly handling fee of 0.39% for an instalment amount of HKD200,000 or above (HKD10,000 x 0.39% = HKD39). Handling fees for the “Self-fulfilment” Interest-free Instalment Plan vary according to the instalment amount. For details, please refer to the monthly repayment table.
(2)
The final approved instalment amount which
is calculated by way of monthly salary multiple is subject to change
in accordance with the circumstances of individual cases.
(3)
Same day approval and cash disbursement is
only applicable to customers applying for the "Self-fulfilment" Interest-free
Instalment Plan via the Hang Seng 24-hour Personal Loan Application
Hotline, in person at any branch of Hang Seng or online. Customers
are required to maintain a specified Hang Seng repayment account to
enjoy such service. Generally, applications will be assessed and,
if approved, the instalment amount will be available on the same working
day if Hang Seng receives all the required documents by 12:00 noon
from Monday to Friday, subject to the actual situation from time to
time. Applications received on Saturday, Sunday or Public Holiday
will be processed on the next working day.
(4)
Only applicable to customers with a Hang
Seng Bank account.
(5)
Customers are eligible to apply for a Top-up Loan on the repaid principal amount if a minimum of one instalment is made, the repaid principal amount is over HKD3,000 and a punctual repayment record is maintained. For the detailed terms and conditions, please refer to the relevant application form.
(6)
For the related terms and conditions for this online promotion, please visit hangseng.com/loan.
(7)
The monthly handling fee for an instalment
amount of HKD5,000-HKD14,999 is 0.85% of the principal. The monthly
handling fee for an instalment amount of HKD15,000-HKD49,999 is 0.69%
of the principal. The monthly handling fee for an instalment amount
of HKD50,000-HKD199,999 is 0.59% of the principal. The monthly handling
fee for an instalment amount of HKD200,000 or above is 0.39% of the
principal. Please refer to the relevant monthly repayment table for
the annualised percentage rates (APRs). The APRs shown in the monthly
repayment tables are calculated using the Net Present Value Method
in accordance with the Code of Banking Practices. The said handling
fee together with the monthly repayment amount will be debited from
the repayment account on the due date.
Promotion period from 24 October 2009 to 31
January 2010.
Remark:
Hang Seng reserves the right to terminate the above offers and instalment application at any time or to vary the same and the related terms and conditions from time to time. In case of any dispute relating to any of the above offers and instalment application, Hang Seng's record shall be conclusive and Hang Seng reserves the right of final decision. For the promotion details, monthly handling fees, terms and conditions, please contact Hang Seng's staff or refer to the application form.
