Interest Rate Table of "Top Talent Customer" and "Professional Customer" Personal Loan

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Interest Rate Table of "Top Talent Customer" and "Professional Customer" Personal Loan

 

*Subject to the Bank’s terms and conditions of the loan.

 

Remarks:

This document including the above interest rate table is for reference only. Chong Hing Bank Limited (the “Bank”) reserves the right to determine the application interest rate and acceptance of a "Top Talent Customer" and "Professional Customer" Personal Loan (the “Loan”), which is to be considered on a case-by-case basis in accordance with the customer’s credit rating, past repayment records and other relevant factors. The Bank has no obligation to disclose the reason of its such determination.

^ Annualised percentage rate (“APR”) is calculated based on the loan amounts of HK$200,000, HK$400,000, HK$600,000, HK$800,000 and HK$1,000,000. The calculation of APR includes handling fee waiver. 

# For every HK$10,000 loan amount.

 

(1) and (2):

The annualised percentage rate (“APR”) ranges from 2.41% to 22.80%, with repayment period of 12 to 60 months. The APR is calculated according to the method set out in the relevant guidelines referred to in the “Code of Banking Practice”, and is rounded up or down to the nearest two decimal places. The APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate. The actual APR may differ for respective individual customers. The final Loan amount and/or interest rate approved by the Bank will be subject to the financial status and credit check results of the customers. The Bank reserves the right of final decision on the Loan amount, interest rate and approval result without disclosing the reason, which shall be binding on customers and applicants.

Reference example: For a Loan amount of HK$1,000,000, the APR of 2.41% is calculated based on a monthly flat rate of 0.108% and a 12-month repayment period (including full handling fee waiver).

 

To Borrow or not to borrow? Borrow only if you can repay!