Hang Seng Handy Cash Personal Instalment Loan
Update time: Jul 2022
$
423,040
Total Repayment (as low as)
$
17,627
Monthly Repayment (as low as)
5.57
%
APR (as low as)
Monthly Flat Rate: 0.24%
For a loan amount of HK$1,000,000 or above, the Annualised Percentage Rate of 1.78% is calculated based on a monthly flat rate of 0.08% and a 12-month repayment period, including 0% handling fee
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

Great for

  • Up to HK$3,000 cash rebate

    From 25 June 2022 to 24 August 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$50,000 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
    HK$50,000 to HK$199,999 HK$100
  • Monthly flat rate as low as 0.08% (Annualized Percentage Rate as low as 1.78%) and 0% handling fee
  • 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
  • Further apply for a top-up on your repaid amount with no documents required

Need to know

  • 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 0% handling fee
    • The "0% handling fee" is not applicable to drawdown loan amount below HK$5,000
    • If customer’s loan application cannot meet the approval requirements, Hang Seng Bank Limited may approve a loan to individual customers on a case-by-case basis but the interest rate offered may be adjusted. For details, please contact Hang Seng’s staff. Customers will be notified of the relevant adjusted interest rate upon loan approval
  • 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 31 December 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 Annualised Percentage Rate ranges from 1.66% 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 is 0.25% (APR 5.63%), and the total loan repayment amount is HK$103,000.80, including 0% handling fee. The above example is for reference only
  • Hang Seng reserves the right to request additional documents from individual applicants on a case-by-case basis
  • To borrow or not to borrow? Borrow only if you can repay!

Eligibility

Minimum Age
18 years old
Min. Annual Income
HK$60,000

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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