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Home > Personal Loan > BOC Express Cash Instalment Loan Top up

Red Arrow BOC Express Cash Instalment Loan Top up
For the "Key Facts Statement (KFS) for Instalment Loan", please click here.
 

Enjoy flexibility with your cash flow for a more customizable financial management

We afford our existing BOC Express Cash Instalment Loan customers the opportunity to apply for BOC Express Cash Instalment Loan Top up without the requirement to submit further supporting documents1.
red square Top up is simple and can be done by calling the application hotline +852 3711 4688.
red square Enjoy financial flexibility with the option to select a new repayment period of up to 60 months.2
 

Below customers shall visit any one of Bank of China (Hong Kong) Limited (¡§BOCHK¡¨) branches to submit loan application:
1. BOCHK customers with accounts opened less than three months or non-BOCHK customers; and/or
2. Customers with current office phone number, mobile phone number, residential phone number or residential address (either one) different from that in the records held by BOCHK; and/or
3. Applied loan amount is HK$500,000 or above


Example:Apply loan amount of HK$500,000 with repayment tenor of 36 months and monthly flat rate of 0.0640%. The annualised percentage rate ("APR") is 3.02%3, including an annual handling fee of 0.75%.The above example is for reference only.

 

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


Application Channels:
red square Any branch of BOCHK
red square Application Hotline: (852) 3711 4688 (From 9:00a.m. to 9:00p.m. between Monday and Friday, from 9:00a.m. to 6:00p.m. on Saturday, excluding public holidays)
red square

Fax: (852) 2108 3618

red square Mail: Send your completed application form by mail to Bank of China (Hong Kong) Limited (Address: 20/F BOC Credit Card Centre, 68 Connaught Road West, Hong Kong)

Remarks:

  1. Customers who have been holding a BOC "Express Cash" account for three or more months may apply for Instalment Loan Top up with a minimum top up amount of HK$5,000. Need not re-submit supporting documents is only available to selected customers. In case of dispute, Bank of China (Hong Kong) Limited ("BOCHK") reserves the right for the final decision. The Bank further reserves its right for the final decision to accept or decline a top up loan request with or without giving any reason(s) including the final amount of the Loan, Repayment Period, Interest Rate / Monthly Fees etc.

  2. The minimum and maximum repayment tenor for the BOC Express Cash Instalment Loan Top Up is 6 and 60 months respectively.

  3. 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 0.0640%. The annualised percentage rate (¡§APR¡¨) is 3.02%, including an annual handling fee of 0.75%.The APR is calculated according to the guidelines laid down in The Hong Kong Association of Banks.An APR is a reference rate which includes the basic interest rates and other fees and charges of a product expressed as an annualised rate. For loan and offer details, rates, handling fee, annualised percentage rates, terms and conditions, please contact the staff.

  4. The loan amount net of the handling fee (0.75% -1.5% of the total loan amount / year) will accordingly be provided.

  5. Early Settlement Penalty

    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 Bank 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 Bank for the total settlement amount (including the loan outstanding amount, early settlement penalty and other incurred fee(s)) and unpaid interest. You may click here to refer to Instalment Loan Calculator and Repayment Schedule in our webpage 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.
  6. Rights of Third Parties

    6.1 Subject to Clause 6.3, 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.
    6.2 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.
    6.3 Any director, officer, employee, affiliate or agent of the Bank 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 Top up is a loan product of Bank of China (Hong Kong) Limited ("BOCHK").
  • The above products are subject to the terms of BOC "Express Cash" Instalment Loan and BOC Express Cash Instalment Loan Balance Transfer.
  • The credit rating of each customer must fulfill the requirements of BOCHK. 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 BOCHK without providing any reason.
  • BOCHK 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 BOCHK shall be final.
  • Should there be any discrepancy between the Chinese and the English versions of this material, the Chinese version shall prevail.
 
 
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