Hang Seng Debt Consolidation Instalment Loan

Great for

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  Product Features

  • Up to HK$26,000 cash rebate
  • 0% handling fee
  • Loan amount of up to 21 times of your monthly salary ; Repayment periods up to 72 months
  • With personalised interest rate to save your interest expenses
  • Enjoy extra cash up to 8 times of your monthly salary while settling your outstanding card and loan balance
  • Only the latest month's income proof is required, people from all sectors are welcome to apply

Need to know

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  Things you need to know

  • The promotion period commences on 25 March 2023 and expires on 24 June 2023
  • For a loan of HK$200,000 calculated based on a monthly flat rate of 0.20% over a 60-month repayment period with all fees and charges waived, the Annualized Percentage Rate ("APR") is 4.65% while the total loan repayment amount HK$224,004.00. The above example is for reference only. The final approved interest rate, loan amount and handling fee are subject to the circumstances of individual cases and credit assessment result.
  • All Annualised Percentage Rates are
    • calculated using the Net Present Value Method in accordance with the Code of Banking Practice;
    • reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate if applicable.
  • The minimum loan amount is HK$60,000
  • The final approved loan amount is subject to the circumstances of individual cases
  • During the Promotion Period, new customers (not applicable to customers of Hang Seng Personal Loan account(s) (including Handy Cash Personal Instalment Loan, Tax Comforter Loan, Debt Consolidation Instalment Loan, and Handy Cash Personal Revolving Loan) and Unsecured Overdraft Facility at the time of application) who have successfully applied for and drawn down the Loan with loan amount HK$200,000 or above and a minimum repayment period of 24 months will be entitled to the cash rebate offer. The cash rebate amount is calculated based on the loan amount used for settlement of credit card and/or personal instalment loan outstanding amount owed to the third party(ies) (“Outstanding Amount Owed to the Third Party(ies)”) and/or extra cash out amount (collectively referred to as “Total Eligible Loan Amount”). Cash rebate offer is not applicable to the loan amount used for settlement of Hang Seng credit card and/or personal instalment loan outstanding amount (“Outstanding Amount Owed to Hang Seng”). Customers can enjoy a HK$200 cash rebate for each HK$20,000 of Total Eligible Loan Amount, and so on, with a total cash rebate up to HK$25,000 (cash rebate will be rounded down to the nearest hundred dollars).
  • During the Promotion Period, new customers (not applicable to the customer of Hang Seng Debt Consolidation Instalment Loan account at the time of application) who have successfully applied for the Loan via Hang Seng Bank Website, Hang Seng Personal e-Banking, or Hang Seng Mobile Application and drawn down the Loan with a designated drawdown amount and a minimum repayment period of 12 months will be entitled to up to HK$1,000 cash rebate. The applicable cash rebate for the corresponding loan drawdown amount is shown as below:

    Loan Draw Down Amount	Repayment Period	Cash Rebate Amount
    HK$800,000 or above	12 months or above	HK$1,000
    HK$300,000 - HK$799,999	HK$400
    HK$80,000 - HK$299,999	HK$200

  • The cash rebate of the clauses above will be credited to the eligible customer’s repayment account by 30 September 2023 without prior notice. To be eligible for the relevant cash rebate, customers must have no record of default and early settlement or cancellation of the Loan before the cash rebate is credited. If customers settle or cancel the Loan ahead of schedule where the cash rebate has been credited, he/she shall return the cash rebate in full to Hang Seng Bank Limited upon settlement or cancellation of the Loan. Each eligible customer could enjoy the offer in clauses once only in the Promotion Period.
  • Hang Seng reserves the right to request additional income proof from individual applicants on a case-by-case basis
  • Terms and Conditions apply. Please visit Hang Seng Bank’s website for details.
  • To borrow or not to borrow? Borrow only if you can repay!
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