Repayment example for Balance Consolidation Programme at loan amount of HK$200,000

Remarks of repayment example:

The repayment example is for reference only. Actual interest expense amount that can be saved is determined on a case-by-case basis (it depends on various factors such as the outstanding balance of credit card that a customer currently holds, interest rate charged by the respective credit card, monthly repayment amount, repayment period as well as the amount of Personal Instalment Loan Balance Consolidation Programme approved by the Bank, loan repayment period, interest rate and monthly repayment amount). For details of interest calculation and the loan features, please contact our staff.

1. This example is calculated based on an annual interest rate of 30% charged by general credit card and a monthly repayment of all fees and charges billed to the credit card followed by 1.5% of the credit card outstanding balance or HK$50 (whichever is higher) over a 378-month repayment period. The average monthly repayment amount quoted above is calculated based on the first 3 instalments and is rounded to the nearest dollar. The Annualised Percentage Rate (APR) is 34.46%. The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. The total interest expense over the whole repayment period quoted above is rounded to the nearest dollar.
2. This example is calculated based on a monthly flat rate of 0.74% over a 72-month loan repayment period for a Personal Instalment Loan Balance Consolidation Programme. The APR is 16.40%. The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. An APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualised rate. Please note that the actual monthly flat rate, APR, monthly repayment amount and total interest expense applicable will be subject to the Bank’s final approval of the Personal Instalment Loan Balance Consolidation Programme for individual customers. The average monthly repayment amount and the total interest expense over the whole repayment period quoted above are rounded to the nearest dollar.