Hang Seng Tax Season Loan

Great for

• 

  [Hang Seng Bank Offer] Up to HK$5,000 cash rebate for online application

  • From now till 31 March 2023, customers who have successfully applied, drawdown for the Tax Comforter Loan and chose a repayment of 36 months or above via online channels can enjoy:

  Loan amount	Repayment tenor	Cash Rebate for Hang Seng Private Banking, Signature and Prestige Banking Customers	Cash rebate for other customers
  HK$1,500,000 or above	36 months or above	HK$5,000	HK$3,000
  HK$1,000,000 to HK$1,499,999	HK$3,000	HK$2,000
  HK$500,000 to HK$999,999	HK$1,500	HK$1,000
  HK$200,000 to HK$499,999	HK$800	HK$500
  HK$50,000 to HK$199,999	HK$300	HK$200

• 

  Product Features

  • Monthly flat rate as low as 0.07%, annualised percentage rate as low as 1.62%
  • Loan amount of up to HK$3,000,000 or 12 times of your monthly salary (whichever is lower)
  • Customers can choose for a 6, 9, 12, 18, 24, 36, 48 or 60 months repayment period. If Tax Payment is the only loan purpose, maximum tenor is 18 months
  • No document is required for payroll customers

Need to know

• 

  Things you need to know

  • All annualised percentage rates are calculated using the Net Present Value Method in accordance with the Code of Banking Practice. The Annualised Percentage Rates are reference rate which include the basic interest rate and other fees and charges of a product expressed as an annualised rate (if applicable)
  • Applicant must be a Hong Kong resident aged 18 or above in full-time employment and minimum monthly income is HK$11,000. Hang Seng Bank Limited reserves the right to request additional income proof if required
  • All the applicable cash rebate will be credited to eligible customer’s repayment account by 30 June 2023 without prior notice. Customers must have no record of default or early settlement of their instalment loan before the cash rebate is credited. If customers settle their instalment loans ahead of schedule after the cash rebate has been credited, he/she shall return the cash rebate in full to Hang Seng Bank Limited (“Hang Seng”) upon settlement of the loan. Each eligible customer could enjoy the offer once in the Promotion Period.
  • Hang Seng reserves the right to request additional documents from individual applicants on a case-by-case basis.
  • Minimum loan amount is HK$5,000.
  • "APR as low as 1.62%"
    • For a loan amount of HK$1,500,000 or above, the Annualised Percentage Rate of 1.62% is calculated based on a monthly flat rate of 0.07% and a 24-month repayment period, including 0% handling fee. The Annualised Percentage Rates are reference rate which include the basic interest rate and other fees and charges of a product expressed as an annualised rate (if applicable). 
  • If customer's loan application cannot meet the approval requirements, Hang Seng 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.
  • The Annualised Percentage Rate (“APR”) ranges from 1.62% to 36.00%, with repayment period of 6 to 60 months. The loan application is subject to the Bank’s approval.
  • 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!
• 
  MoneyHero may not present bank’s full version of marketing materials but extract some conditions only, to avoid any complaint from customers, below sample disclaimer is suggested. We may edit it if there’s word number limitation.