Personal Loan

Easi-Personal Loan

“Easi-Personal Loan” Application Form and Terms and Conditions “Easi-Personal Loan” Interest Rate and Monthly Repayment Table Explanation and Example of APR, “Rule of 78” and Repayment for Instalment Loans Key Facts Statement (KFS ) for Loans Example of “Easi-Personal Loan” Instalment Loan Balance Transfer

Smart Tips

Do I save interest expenses by making early repayment of personal instalment loan?
Please refer to section E of “Explanation and Example of APR, “Rule of 78″ and Repayment for Instalment Loans” above. Please contact our staff if you intend to make an early repayment.

Remarks:

1. The Annualised Percentage Rate (“APR”) of 2.92% is calculated based on a loan amount of HK$500,000 with repayment tenor of 12 months and monthly flat rate of 0.046%, including an annual handling fee of 1%. The APR is calculated using the Net Present Value Method in accordance with the Code of Banking Practice. 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.
2. The requirements of customer’s credit quality determined by Nanyang Commercial Bank, Limited (“the Bank”) are required to be fulfilled. The approved APR may vary on a case-by-case basis, subject to the credit quality of each individual customer, the result of credit check and other related factors. The final approval of application, loan amount, repayment tenor and loan interest rate are all subject to the final decision of the Bank without providing any reason.
3. Third Party Rights:
(i) Subject to Clause 3(iii), a person who is not a party to any Application Form has no right under the Contracts (Rights of Third Parties) Ordinance (Cap. 623 of the Laws of Hong Kong) (the “Third Parties Ordinance”) to enforce or to enjoy the benefit of any term of such Application Form and/or these Conditions.
(ii) Notwithstanding any term of any Application Form and/or these Conditions, the consent of any person who is not a party to such Application Form is not required to rescind or vary such Application Form and/or these Conditions at any time.
(iii) Any director, officer, employee, affiliate or agent of the Bank or any of the Bank’s Related Parties may, by virtue of the Third Parties Ordinance, rely on any provision of any Application Form and/or these Conditions which expressly confers rights on that person.
4. The above product is subject to the relevant terms and conditions of the “Easi-Personal Loan”.
5. The above example is for reference only. For loan and offer details, interest rates, handling fees, APR, terms and conditions, please contact our staff or refer to application form.
6. The Bank reserves the right to amend, suspend or terminate the above product and offers, and to amend the relevant terms at any time at its sole discretion without prior notice. All matters and disputes will be subject to the final decision of the Bank.
7. Should there be any discrepancy between the English and Chinese versions of this website, the Chinese version shall prevail.
8. The Borrower may submit an application to the Bank (for the purposes of Clause 3A and Clause 3B, the “Cooling-off Application”) for early settlement within seven calendar days following the drawdown date of the relevant facility, by visiting any of the Bank’s branches or calling the designated hotline (2616 6628). Upon the Bank’s approval of the Cooling-off Application, the applicable loan handling fee, early settlement fee (if any) and interest accrued for such facility during the first 21 calendar days counting from the drawdown date will be waived, provided that the Borrower shall within 21 calendar days counting from the drawdown date (i) repay all the indebtedness under such facility in full and (ii) return to the Bank all cash rebates, vouchers and other promotional incentives (if any) provided by the Bank to the Borrower in connection with the relevant facility. The Borrower may only make one Cooling-off Application for each Easi-Personal Loan, and every Easi-Personal Loan that has been early settled pursuant to a Cooling-off Application may not be re-drawn. For the avoidance of doubt, (i) the Borrower of each and every approved Easi-Personal Loan is entitled to make the Cooling-off Application, and (ii) any delay in making the Cooling-off Application will not be entertained by the Bank. For further details, please contact our staff.

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