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Tax Comforter:
Apply Now, click here. Personal e-Banking customer click here to apply.
Successfully apply for Hang Seng Tax Comforter and draw down the loan, you are entitled to a First-month Payment Holiday(1) to enjoy one month deferred repayment!
  • Full handling fee waiver
  • High loan amount of up to 8 times of your monthly salary(3)
  • Get preliminary approval result via telehphoe application(4)
  • Joint application for married couple(5) can enjoy an even lower interest rate with the combined loan amount
  • Up to HK$300 Cash Rebate for Online and Mobile Application(6)
  • Exclusively for Prestige Banking Customers
  • Annualised Percentage Rate as low as 1.99%(2)
  • Up to HK$750 Cash Rebate(7) and up to$13,800 rewards(8)

Exclusive Interest Rate Offer for Prestige Banking Customers
Loan Amount (HKD)
Monthly Flat Rate9
Cash Rebate7
Monthly Repayment Amount - Based on every HK$10,000 loan amount (APRs)*
6 Months
9 Months
12 Months
18 Months
HKD5,000 - HKD299,999
0.17%
HKD200
HKD1,683.70
(3.55%)
HKD1,128.20
(3.72%)
HKD850.40
(3.08%)
HKD572.60
(3.37%)
HKD300,000 - HKD799,999
0.13%
HKD400
HKD1,679.70
(2.70%)
HKD1,124.20
(2.84%)
HKD846.40
(2.39%)
HKD568.60
(2.60%)
HKD800,000 or above
0.11%
HKD750
HKD1,677.70
(2.28%)
HKD1,122.20
(2.40%)
HKD844.40
(1.99%)
HKD566.60
(2.18%)


Exclusive Interest Rate Offer for Preferred Banking Customers
Loan Amount (HKD)
Monthly Flat Rate9
Cash Rebate7
Monthly Repayment Amount - Based on every HK$10,000 loan amount (APRs)*
6 Months
9 Months
12 Months
18 Months
HKD5,000 - HKD99,999
0.21%
HKD100
HKD1,687.70
(4.39%)
HKD1,132.20
(4.61%)
HKD854.40
(3.76%)
HKD576.60
(4.13%)
HKD100,000 - HKD299,999
0.19%
HKD100
HKD1,685.70
(3.97%)
HKD1,130.20
(4.16%)
HKD852.40
(3.60%)
HKD574.60
(3.88%)
HKD300,000 - HKD499,999
0.15%
HKD200
HKD1,681.70
(3.12%)
HKD1,126.20
(3.28%)
HKD848.40
(2.82%)
HKD570.60
(3.04%)
HKD500,000 or above
0.13%
HKD200
HKD1,679.70
(2.70%)
HKD1,124.20
(2.84%)
HKD846.40
(2.47%)
HKD568.60
(2.66%)


Hang Seng Tax Comforter Interest Rate & Monthly Repayment Table
Loan Amount (HKD)
Customer Type
Monthly Flat Rate
Monthly Repayment Amount - Based on every HK$10,000 loan amount (APRs)*
6 Months
9 Months
12 Months
18 Months
HKD5,000 - HKD99,999
Existing Hang Seng Payroll or Mortgage Customers
0.21%
HKD1,687.70
(4.39%)
HKD1,132.20
(4.61%)
HKD854.40
(4.07%)
HKD576.60
(4.35%)
Other Customers
HKD100,000 - HKD299,999
Existing Hang Seng Payroll or Mortgage Customers
0.19%
HKD1,685.70
(3.97%)
HKD1,130.20
(4.16%)
HKD852.40
(3.68%)
HKD574.60
(3.93%)
Other Customers
0.20%
HKD1,686.70
(4.18%)
HKD1,131.20
(4.39%)
HKD853.40
(3.88%)
HKD575.60
(4.14%)
HKD300,000 - HKD499,999
Existing Hang Seng Payroll or Mortgage Customers
0.15%
HKD1,681.70
(3.12%)
HKD1,126.20
(3.28%)
HKD848.40
(2.90%)
HKD570.60
(3.10%)
Other Customers
0.17%
HKD1,683.70
(3.55%)
HKD1,128.20
(3.72%)
HKD850.40
(3.29%)
HKD572.60
(3.52%)
HKD500,000 or above
Existing Hang Seng Payroll or Mortgage Customers
0.13%
HKD1,679.70
(2.70%)
HKD1,124.20
(2.84%)
HKD846.40
(2.51%)
HKD568.60
(2.69%)
Other Customers
0.14%
HKD1,680.70
(2.91%)
HKD1,125.20
(3.06%)
HKD847.40
(2.71%)
HKD569.60
(2.89%)
 
*
The calculation of the monthly repayment amount and the annualised percentage rate has taken the full handling fee waiver and the First-month Payment Holiday into account. The monthly repayment amount is rounded up to 1 decimal point. The proportion of loan principal to interest in each monthly instalment amount is calculated according to the Rule of 78. The above listed interest rate and the full handling fee waiver is applicable upon successful application for and drawdown of the loan on or before 28 February 2015 only.
Remarks:
If customer’s Tax Comforter application fails to meet our approval requirements, Hang Seng may approve a loan to individual customers on a case-by-case basis but the interest rate and handling fee offered may be adjusted. For details, please contact Hang Seng’s staff. Customers will be notified of the relevant adjusted interest rate and handling fee upon loan approval. If customers agree to accept such loan, Hang Seng will credit the loan amount to the designated Hang Seng Bank account according to normal procedures.
For the APRs of Prestige Banking Customers is calculated based on middle value loan amounts of HK$900,000, HK$550,000 and HK$152,500. For the APRs of Preferred Banking Customers is calculated based on middle value loan amounts of HK$750,000, HK$400,000, HK$200,000 and HK$52,500. The APRs are calculated using the Net Present Value Method in accordance with the Code of Banking Practices, and the full handling fee waiver, First-month Payment Holiday and up to HK$750 and up to HK$200 Cash Rebate applicable to Prestige Banking Customers and Preferred Banking Customers respectively are included. Hang Seng reserves the right to terminate the offers at any time to vary the same and related terms and conditions from time to time. The approval of the loan is subject to Hang Seng’s final decision. In case of any dispute, the decision of Hang Seng shall be final. For loan and offer details, rates, handling fees, annualised percentage rates, terms and conditions, please contact Hang Seng branch staff or refer to the promotional materials.

Tax Comforter Calculator and Repayment Schedule Sample

Please provide the following information to calculate the Monthly Repayment Amount and generate the example of Repayment Schedule:
Loan Amount :
HKD

 % (per month flat)
Months
Handling Fee:
% (p.a.)
 
Terms and conditions:
  1. First-month Payment Holiday is applicable to customers who successfully apply for and drawdown Hang Seng Tax Comforter, and select a repayment period of 12 months or above from now to 28 February 2015 (Promotion Period). The first instalment will be deferred to the second month after the loan is drawn down, and the payment period will be extended by one month accordingly. If customers repay the loan during the First-month Payment Holiday, a prepayment handling fee and the interest portion of first instalment will be charged. The First-month Payment Holiday is subject to individual customers’ credit assessment result and Hang Seng Bank Limited (“Hang Seng”) reserves the right to make the final decision.
  2. For a loan amount of HK$900,000 or above, the annualised percentage rate of 1.99% for Prestige Banking Customers is calculated based on a monthly flat rate of 0.11% and a 12-month repayment period, including the full handling fee waiver, the First-month Payment Holiday and HK$750 Cash Rebate. The interest rate and the full handling fee waiver are applicable upon successful application for and drawdown of the loan on or before 28 February 2015 only.
  3. The minimum monthly income of the customers must be HK$8,000 or above. The final approved loan amount is subject to change in accordance with the circumstances of individual cases.
  4. Applicable to customers applying for Hang Seng Tax Comforter via Hang Seng Application Hotline 2812 8000 with all required information during specific hours (Monday to Friday: 9am-8pm; Saturday: 9am-1pm; except public holidays). Processing starts only after all the required information is successfully inputted into the Hang Seng’s system. Generally, customers could receive preliminary approval result instantly with the loan amount, pricing and monthly instalment. The processing time and final approval result are subject to change in accordance with the circumstances of individual cases. Hang Seng reserves the rights of final approval of the loan terms.
  5. Spouses must submit their application forms together to enjoy the offer. The offer is not applicable to online application. The interest rate applicable to the spouses depends on their customer type and the total loan amount of the joint application.
  6. Customers who have successfully applied for Hang Seng Tax Comforter during Promotion Period via hangseng.com/loan, Hang Seng Personal e-Banking or Hang Seng Mobile Application and drawn down the loan with a minimum loan amount of HK$30,000 and repayment period of 12 months on or before 13 March , 2015 are eligible for up to HK$300 Cash Rebate. If the loan amount is HK$30,000 or above and below HK$200,000, customer will be entitled to HK$100 cash rebate; if the loan amount is HK$200,000 or above, customer will be entitled to HK$300 cash rebate. The cash rebate will be credited to customer’s repayment account within 2 months after the loan drawdown without prior notice. Customers must have no record of default or early settlement of their instalment loans. If customers settle their instalment loans ahead of schedule after the crediting of the rebate, he/ she shall return the rebate in full to Hang Seng upon settlement of the loan. Hang Seng reserves the right to suspend, revise or terminate the above offer and amend the terms and conditions thereof without prior notice.
  7. Up to HK$750 and HK$200 Cash Rebate (“Rebate”) are applicable to Prestige Banking Customers and Preferred Banking Customers respectively as of 31 May 2015 (“Eligible Customers”) regardless of the relationship of existing or new or upgrade to Prestige/Preferred Banking upon loan drawdown or during Promotion Period. To be eligible, customers have to successfully drawdown Hang Seng Tax Comforter with a loan amount of HK$30,000 or above and select a repayment period of 12 months or above within the Promotion Period. Rebate will be credited to Eligible Customers’ repayment account on or before 30 June 2015. Customers must have no record of default or early settlement of the Hang Seng Tax Comforter prior to the crediting of the Rebate.
    If an Eligible Customer settles the Hang Seng Tax Comforter ahead of schedule after the crediting of the Rebate, he/she shall return in full the Rebate received to Hang Seng upon settlement. Hang Seng reserves the right to withhold the Rebate pending the results of credit review.
  8. For the details and terms of offers regarding up to $13,800 rewards and up to $6,800 rewards applicable to new Prestige Banking and new Preferred Banking customers respectively, please refer to hangseng.com/prestige or hangseng.com/preferred/offers.
  9. Existing Prestige Banking or existing Preferred Banking customers could enjoy the exclusive interest rate offer for Prestige Banking customers and Preferred Banking customers respectively upon successful drawdown of Hang Seng Tax Comforter during Promotion Period.

 
Remarks:
All APRs are calculated using the Net Present Value Method in accordance with the Code of Banking Practices. Hang Seng reserves the right to terminate the offers at any time or to vary the same and related terms and conditions from time to time. The approval of the loan is subject to Hang Seng’s final decision. In case of any dispute, the decision of Hang Seng shall be final. For the loan and offer details, rates, handling fees, annualised percentage rates, terms and conditions, please contact Hang Seng branch staff or refer to the promotional materials. The salary scheme of our representatives (included basic salary and incentive) is based on their performance of various aspects and not only the sales target achieved.

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