Promotions

Apply and drawdown BOC Express Cash successfully can enjoy below offers:

  • e-Channel Application Offer -Up to HK$8,500 cash rebate1
  • Annualised percentage rate as low as 2.75%2, Clear your credit card debt with instant extra cash of up to 12 times of the monthly salary3
  • Total loan amount up to HK$3,000,000 or 21 times of the monthly salary4(whichever is lower)
  • 6 to 72 months repayment tenor for selection5
  • Obtain an Instant Approval Result6
  • Act now to free download of the BOC Express Cash mobile application via   for application 

Example: Apply loan amount of HK$500,000, with repayment tenor of 12 months and monthly flat rate of 0.0639%. The annualised percentage rate is 2.75%2, the total repayment amount is HK$522,752 (including an annual handling fee of 0.75% and HK$2,000 cash rebate). The above example is for reference only.

 

Promotion Period: From now till 16 December 2017

 

Remarks:
^ Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.. Android, Google Play, and the Google Play logo are trademarks of Google Inc..
The annualised percentage rate ranges from 2.75% to 47.95%.

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

Other Application Channels

  • Any BOCHK branches
  • Application Hotline +852 2108 3600 (From 9:00 a.m. to 9:00 p.m. between Mondays and Fridays, from 9:00 a.m. to 6:00 p.m. on Saturdays, excluding public holidays)
  • Download BOCHK Mobile Application or BOC Express Cash Mobile Application now
  • Mobile SMS +852 9266 9393
  • Fax +852 2108 3618
  • Mail: Please send your completed application form to BOC Credit Card (International) Limited (Address: 20/F BOC Credit Card Centre, 68 Connaught Road West, Hong Kong)

 

BOC Express Cash Customer Service Hotline +852 2108 3611

Terms and Conditions and Remarks of BOC "Express Cash" Instalment Loan/ Balance Transfer
Additional Terms and Conditions for Tele-services
Key Facts Statement (KFS) for Instalment Loan

Terms for the Promotion Offer

1. Up to HK$8,500 Cash Rebate Offer:

To be eligible for the offer, customers who successfully apply and drawdown through website, mobile application,“BOCHK_CC”WeChat official account or BOCHK iService apply for a BOC Express Cash Instalment Loan or BOC Express Cash Instalment Loan Balance Transfer of HK$50,000 or above with a repayment tenor of at least 36 months or above on or before 16 December, 2017 (“Promotion Period”) and drawdown the loan on or before 16 January, 2018 (“Eligible Customers”) are entitled to enjoy up to HK$8,500 cash rebate offer. (The captioned offer is not applicable to existing BOC Express Cash Instalment Loan or BOC Express Cash Instalment Loan Balance Transfer Customers)

 

a. Eligible Customers can enjoy the following cash rebate:

Loan Amount(HK$)

BOC Express Cash

Instalment Loan

Cash Rebate Amount* (HK$)

BOC Express Cash

Instalment Loan Balance Transfer

Cash Rebate Amount* (HK$)

50,000 – 299,999

800

1,000

300,000 – 499,999

1,300

1,500

500,000 – 999,999

2,000

3,500

1,000,000 or above

4,500

8,500

*Depends on the loan amount.

b. The cash rebates will be directly credited to the designated BOC Express Cash account of the Eligible Customer on or before 31 March, 2018 without prior notice. The status of the Eligible Customer’s BOC Express Cash account must be normal and valid, and without an overdue record or in breach of the terms and conditions of the BOC Express Cash Instalment Loan when the BOC Credit Card (International) Limited) (“Card Company”) credits the cash rebate. If the customer cannot fulfill the above requirements, the Card Company reserves the right to withdraw the cash rebate offer without prior notice.

 

c. If the Eligible Customer makes an early loan settlement after the drawdown of the loan, the Card Company reserves the right to request a full refund of the cash rebate amount.

 

2. The quoted interest rate is calculated based on a loan amount of HK$500,000, with repayment tenor of 36 months and monthly flat rate of 0.0639%. The annualised percentage rate (“APR”) is 2.75%, including an annual handling fee of 0.75% and HK$2,000 cash rebate (the APR excluding cash rebate is 3.02%).The APR is calculated according to the guidelines laid down in the “Code of Banking Practice”. The APR is an annualised reference rate that reflects all applicable basic interest and other related fees and charges of the banking products. The above example is calculated based on a number of assumptions and used for reference only, for loan and offer details, rates, handling fee, annualised percentage rates, terms and conditions, please contact the staff.

 

3. The instant cash amount up to 12 times your monthly salary constitutes part of the total amount of the approved loan. The cash amount will be transferred to your account and its use is not restricted to the repayment of the outstanding balance of any credit card or personal loans. Card Company reserves the right of final decision on the approval of the cash loan.

 

4. The maximum loan amount for the BOC Express Cash Instalment Loan is up to HK$3,000,000 or 12 times of the monthly salary (whichever is lower). The maximum loan amount for the BOC Express Cash Instalment Loan Balance Transfer is up to HK$3,000,000 or 21 times of the monthly salary (whichever is lower). The Card Company will determine the final approved loan amount based on the credit rating of the individual customer and other relevant factors.


5. The minimum and maximum repayment tenor for the BOC Express Cash Instalment Loan is 6 and 60 months respectively.  The minimum and maximum repayment tenor for the BOC Express Cash Instalment Loan Balance Transfer is 6 and 72 months respectively.

 

6. Instant approval result and loan amount are for reference only, and are applicable during the following times:

i) Via BOCHK website, BOC Express Cash mobile application or “BOCHK_CC” WeChat official account -

Only applicable to applications submitted during Monday to Friday from 9am - 12:45am of the next day, Saturday from 9am - 9:45pm, and Sunday from 12noon - 8:45pm (except Public Holidays). Customers applying during times not indicated above will be contacted by the Card Company to follow up their application on the next working day.

ii) Via BOC Express Cash Hotline-

Only applicable to applications submitted during Monday to Friday from 9am - 9pm, and Saturday from 9am - 6pm (except Public Holidays).

 

7. Upon early settlement of the Loan, outstanding interest and principal shall be calculated on the basis of “Rule of 78”. The Borrower shall also pay an early settlement penalty which is 2% of the approved Loan Amount of Instalment Loan; 1.5% of the approved Loan Amount of Instalment Loan Balance Transfer per annum for the remaining years of Loan Period (any part of a year shall be rounded up to a year). The Card Company may at its discretion adjust the early settlement penalty at any time with prior notice. Please note that different loan products have an individual calculation of the apportionment of the interest and principal even though the monthly repayment amount is equal. The loan tenor, more interest will, in general, be included in earlier repayments, and less on principal. In other words, where a borrower has been making repayments as scheduled for some time, the amount of outstanding interest is likely to be small. If the borrower chooses to pay off the loan early at this moment, the loss may outweigh the gain as the amount saved may not be enough to cover the relevant charges for early repayment. You are suggested to make enquiries to the Card Company for the total settlement amount (including the loan outstanding amount, early settlement penalty and other incurred fee(s)) and unpaid interest. You may refer to Instalment Loan Calculator and Repayment Schedule in our webpage (https://loan.boccc.com.hk/lmmMin2/calculator.jsp?product_code=IL&lang=en) for details of apportionment of interest and principal for each loan repayment throughout the loan tenor, the method of apportionment and the incurred fee(s). You are advised to make comparison and consider thoroughly before deciding whether to choose an early repayment.

 

8. Rights of Third Parties:

8.1 Subject to Clause 8.3, a person who is not a party to this Agreement 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 this Agreement.

 

8.2 Notwithstanding any term of this Agreement, the consent of any person who is not a party to this Agreement is not required to rescind or vary this Agreement at any time.

 

8.3 Any director, officer, employee, affiliate or agent of the Card Company may, by virtue of the Third Parties Ordinance, rely on any provision of this Agreement (including without limitation any indemnity, limitation or exclusion of liability) which expressly confers rights or benefits on that person.

General Terms

  • BOC Express Cash Instalment Loan and BOC Express Cash Instalment Loan Balance Transfer are the products of the Card Company. The Card Company is a member of Bank of China (Hong Kong) Limited (“BOCHK”) Group.
  • Each Eligible Customer can only enjoy the above offer once. This offer cannot be used in conjunction with other promotion offer that are not listed in this promotion material.
  • The above products are subject to the relevant terms of the BOC Express Cash Instalment Loan and BOC Express Cash Instalment Loan Balance Transfer.
  • The credit rating of each customer must fulfill the requirements of the Card Company. The approved APR may vary on a case-by-case basis, subject to the credit rating of each individual customer, loan amount and repayment tenor. Approval of the loan amount, repayment tenor and interest rate are all subject to the final decision of the Card Company without providing any reason.
  • The Card Company reserves the right to amend, suspend or terminate the above products and offers, and to amend the relevant terms at any time at its sole discretion without prior notice.
  • In case of any dispute, the decision of the Card Company shall be final.
  • Should there be any discrepancy between the English and Chinese versions of this promotion material, the Chinese version shall prevail.