TAX LOAN

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Chong Hing Tax Loan 

 

Key Facts Statement for Instalment Loan – Chong Hing Tax Loan (click here)

Empower you to manage your funds flexibly. Pay taxes with ease and enjoy life!

 

Loan Features:

  • Annualised percentage rate as low as 3.31%(1)
  • Loan amount up to HK$2,000,000, or 10 times of monthly salary (whichever is lower)
  • Loan repayment period of up to 24-month(2)

 

Interest Rate Table of Chong Hing Tax Loan (click here)

 

Early Bird Offer for Selected Customers(3)

From now until 10 January 2025, the Bank’s Selected Designated Customers(4) who have successfully applied for Chong Hing Tax Loan via the Bank's Digital Channels(5), successfully draw down in full with Loan amount of HK$1,000,000 or above for 18-month repayment period before 31 January 2025 and whose latest Credit Score of TransUnion is within AA graded(6) may be enjoy up to HK$6,000 Credit Cash Rebate.

 

Offers are subjected to relevant terms and conditions. (click here for details)

 

Digital Channels’ Offer and Additional Reward(3)

From now until 31 March 2025, customers who have successfully applied for Chong Hing Tax Loan via the Bank’s Digital Channels(5) and drawn such tax loan as approved by the Bank for designated Tax Loan Amount on or before 30 April 2025 may be entitled to the“Digital Channels’ Offer”up to HK$2,000 Credit Card Cash Rebate(8); Customers who successfully apply for any 2 of the selected banking services concurrently(7), and successfully open account by the Bank’s“Remote Account Opening”via Mobile Banking App and set up Payroll Account Services may be entitled to an“Additional Reward”up to HK$800 Credit Card Cash Rebate(9).

 

Offers are subjected to relevant terms and conditions. (click here for details)

 

Application is Easy, Act Now !

Customers can apply for Chong Hing Tax Loan through the following channels:

    • 24-Hour Online Application: (click here)
    • Chong Hing Mobile App
    • Chong Hing Loan Application Hotlineļ¼š3768 6899(3)
    • Visit any branches of Bank in Hong Kong in person

 

Remarks:

(1)       The annualised percentage rate (“APR”) ranges from 3.31% to 27.40%, with repayment periods of 12 to 24-month. APR and monthly repayment are  calculated according to the method set out in the relevant guidelines referred to the Code of Banking Practice, and are rounded up or down to the nearest two decimal places. An 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 from individual customers; the final interest rate will be subject to the financial status and credit check results of the customers. The Bank reserves the right of final decision on the interest rate and approval result, which shall be binding on customers and applicants. Reference example: For a loan amount of HK$800,000, the APR of 3.31% is calculated based on a monthly flat rate of 0.1479% and a 12-month repayment period (including full handling fee waiver).

(2)       The loan amount and loan tenor are for reference only, the actual loan amount and loan tenor are subject to the final assessment and approval by the Bank.

(3) “Early Bird Offer”, “Digital Channels’ Offer”and“Additional Reward”cannot be enjoyed at the same time.

(4) “The Bank’s Selected Existing Customers”refer to the existing Private Banking customers, existing Exceed Banking customers, existing Go Banking customers and existing mortgage loan customers of the Bank.

(5) “Digital Channels”refer to the Bank's website or Chong Hing Mobile Banking Services.

(6)    When the Bank considers the application for loan, the Bank may refer to the credit score on credit report(s) on the Applicant from credit reference agency(ies) during the approval process.

(7)     “The selected banking services” include Mobile Banking, Internet Banking, Investment Account, Payroll Account, Private Banking, Exceed Banking and Go Banking.

(8)     Digital Channels’Offer”details are as follows:

        

(9)       Additional Reward details are as follows:

        

(10)     Business hours of the Chong Hing Loan Application Hotline: Mondays to Fridays from 9:00 am to 6:00 pm; Saturdays from 9:00 am to 1:00 pm.

 

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To borrow or not to borrow? Borrow only if you can repay!
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General Terms for Chong Hing Tax Loan (“Loan”):

  1. The promotion of Chong Hing Tax Loan is available from 25 November 2024 until 31 March 2025 (both dates inclusive) (“Promotion Period”).
  2. Applicant aged 18 years or above holding a Hong Kong Identity Card (“Eligible Customer”) is eligible to apply for Chong Hing Tax Loan through the website of Chong Hing Bank Limited (the “Bank”), Chong Hing Mobile Banking, Chong Hing Loan Application Hotline or visiting any branch of the Bank in Hong Kong in person. The Bank shall base its consideration on the relevant approval requirements, including but not limited to the Eligible Customer’s financial status and credit search results, and determine whether or not to approve any Loan application and the final interest rate without disclosing the reason for such determination. Eligible Customer whose Loan application is successfully approved shall receive the Bank’s notification of the approval result and Loan details by phone. If the approved Loan is not drawn in full within 30 days from such notification, the approval shall be deemed as revoked and cancelled automatically without notice. The Bank may at its sole discretion adjust the approved loan terms and conditions. Regarding the disbursement and drawing of the approved Loan, the applicant irrevocably instructs and authorises the Bank to disburse/credit the Loan proceeds to the applicant’s repayment account with the Bank, and/or to disburse according to the applicant’s request which shall be deemed as drawn by the applicant. After full drawdown of the Loan successfully applied for within the Promotion Period, the Bank shall send its official Drawdown Advice to the customer concerned for record.
  3. The minimum Loan amount is HK$10,000, and the maximum is up to HK$2,000,000 or 10 times the Eligible Customer’s monthly salary (whichever is lower).
  4. Loan repayment period can be 12, 18 or 24 months.
  5. If the Loan application by an Eligible Customer does not fulfill the approval requirements of Chong Hing Tax Loan, the Bank may consider providing other loans of the Bank on a case-by-case basis with the consent of the Eligible Customer (if applicable). However, the relevant interest rate, handling fee and/or repayment period may be adjusted. The Bank will inform the Eligible Customer of such other loan’s finalised terms and conditions. If the Eligible Customer accepts the adjusted loan terms and conditions of such other loan, the Bank will credit such other loan approved into customer’s designated repayment account with the Bank according to the relevant procedures.
  6. The Bank’s Terms and Conditions for Personal Instalment Loan is also applicable to Chong Hing Tax Loan. Please visit the Bank’s website at www.chbank.com for the details and for the Repayment Example of Chong Hing Personal Instalment Loan.
  7. After approval of the Eligible Customer’s Loan application (if applicable), the Bank shall lend to the Eligible Customer the Loan subject to the General Terms for Chong Hing Tax Loan, the Drawdown Advice issued by the Bank, terms of promotional offers (if applicable) and the Terms and Conditions for Personal Instalment Loan. After drawdown of the Loan, the Eligible Customer is deemed to have agreed to be bound by (in the event and to the extent of any inconsistencies among contents of the aforesaid documents, which shall be governed in descending priority of precedence as follows): the Drawdown Advice issued by the Bank, the General Terms for Chong Hing Tax Loan, the Terms and Conditions for Personal Instalment Loan, terms of promotional offer (if applicable) and the Account Terms.
  8. The Bank reserves the right to cancel or amend the promotional offer of the Chong Hing Tax Loan (if applicable) and the General Terms for Chong Hing Tax Loan without any notice.
  9. The Chinese translation of the General Terms for Chong Hing Tax Loan is provided for reference only. In case of any inconsistencies between the English and Chinese versions of the General Terms, the English version shall prevail.
  10. In case of any disputes arising from the “General Terms for Chong Hing Tax Loan”, the Bank reserves the right of final decision at its sole discretion which shall be binding on the customers and applicants concerned.
  11. Terms and Conditions for Personal Instalment Loan (click here)
  12. Repayment Example of Chong Hing Personal Instalment Loan (click here)

 

 

Apply Now:
(852) 3768 6899