Hang Seng Handy Cash Personal Instalment Loan
Update time: May 2022
$
430,240
Total Repayment (as low as)
$
11,951
Monthly Repayment (as low as)
4.9
%
APR (as low as)
Monthly Flat Rate: 0.21%
APR as low as 1.78% (calculation based on the monthly flat rate of 0.08% with a loan amount of HK$1m or above and a 12-month repayment, including the full handling charge waiver)
The interest rate and the full handling charge waiver are applicable on a case-by-case basis and the final approved interest

Great for

  • Up to HK$3,000 cash rebate

    From 26 April 2022 to 24 June 2022, apply and draw down Handy Cash Personal Instalment Loan to enjoy privileged offers:

    • Up to HK$2,000 Cash Rebate for online application
    Drawdown Amount Repayment Period Cash Rebate
    HK$1,000,000 or above 24 months or above HK$2,000
    HK$500,000 to HK$999,999 HK$1,000
    HK$200,000 to HK$499,999 HK$500
    HK$80,000 to HK$199,999 HK$200

     

    • Payroll Customers do not need to submit documents and enjoy up to HK$1,000 Cash Rebate
    Drawdown Amount

    Repayment Period

    Cash Rebate
    HK$1,000,000 or above 24 months or above HK$1,000
    HK$500,000 to HK$999,999

    HK$500

    HK$200,000 to HK$499,999 HK$200
  • Monthly flat rate as low as 0.08% (Annualized Percentage Rate as low as 1.78%) and handling fee waiver
  • Loan amount up to HK$3,000,000 or 15 times of your monthly salary (whichever is lower), and repayment periods up to 60 months
  • During repayment period, you can also apply for a Top-up Loan on your repaid principal amount with no documents required

Need to know

  • Applicant must be a Hong Kong resident aged 18 or above in full-time employment and minimum monthly income is HK$5,000
  • Monthly flat rate as low as 0.08% and APR as low as 1.78%:
    • For a loan amount of HK$1,000,000 or above, the APR of 1.78% is calculated based on a monthly flat rate of 0.08% and a 12-month repayment period, including the full handling charge waiver
    • The interest rate and the full handling charge waiver are applicable on a case-by-case basis and the final approved interest rate and payable handling charge are subject to the loan amount 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.
  • Up to HK$3,000 Cash Rebate

    • It will be credited to customer's repayment account by 30 September 2022 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.
    • Each eligible customer could enjoy each offer once only in the Promotion Period
  • The APR ranges from 1.78% to 48.00%, with repayment period of 6 to 60 months. The loan application is subject to the Bank's approval. For a loan amount of HK$100,000 with 12 months repayment period:
    • The monthly flat rate applicable to Prestige Banking customers is 0.22% (APR 4.95%), and the total loan repayment amount is HK$102,640.80 (including full handling fee waiver) (This rate has been calculated in this product)
    • The monthly flat rate applicable to Selected Customers is 0.24% (APR 5.40%), and the total loan repayment amount is HK$102,880.80 (including full handling fee waiver)
    • The monthly flat rate applicable to Other Customers is 0.26% (APR 5.86%), and the total loan repayment amount is HK$103,120.80 (including full handling fee waiver)
    • The above example is for reference only
  • Selected Customers include Hang Seng Preferred Banking Customers, Payroll Customers and Mortgage Customers
  • To borrow or not to borrow? Borrow only if you can repay!

Eligibility

Minimum Age
18 years old
<p>18 years old</p>
Min. Annual Income
HK$60,000
HK$60,000<br><br>

Fees

Handling Fee
0

Steps to Apply

1. Submit document via Mobile app
2. Check application status
3. Disburse loan

Required Documents

1. HKID card
2. Income proof:
For regular income earners, please enclose the Bank account monthly statement/ passbook showing your latest one month's salary (if you have maintained a payroll account with Hang Seng for the past one month, no income proof is required)
For irregular income earners, please enclose the Bank account monthly statement/ passbook showing your latest two month's salary.
3. Current residential address proof
4. Any other documents or certificates deemed appropriate

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