Designated to facilitate your diverse funding needs—no matter to pursue further studies, overseas education or create your dream home, empower you to transform your dreams into reality!
Standardized handling fees for any loan amount and loan tenor, handling fee is as low as 2% per annum
Benefit from quicker approval process upon setting up of “IADS” or BOCHK Payroll, which income proof may be waived9
Extra cash rebate of HK$100 upon “IADS” set up and loan drawdown5
Flexible repayment tenor of 12, 24 or 36 months
and Opening New Chapters
Remark 1:
Assuming loan handling fee is 2% p.a. (deducted upon
loan drawdown), and the APR is 4.02%:
Total handling fee: HK$200,000 x 2% p.a. x 2 years =
HK$8,000 (which is HK$4,000 per year)
Total interest expense is HK$4.8, the total interest
expenses are calculated based on monthly flat rate
of 0.0001%, HK$200,000 x 0.0001% x 24 months =
HK$4.8.
Eligible Interest-free Offer customers can enjoy
interest rebate, the rebate will be disbursed on a
rebate basis on a specified date and method.
(The rebate amount will be rounded up to the nearest
dollar with the actual rebate amount is HK$5).
The calculations as shown are for reference only.
Remark 2:
Assuming loan handling fee is 2% p.a. (deducted upon
loan drawdown), and the APR is 4.14%:
Total handling fee: HK$800,000 x 2% p.a. x 3 years =
HK$48,000 (which is HK$16,000 per year)
Total interest expense is HK$28.8, the total
interest expenses are calculated based on monthly
flat rate of 0.0001%, HK$800,000 x 0.0001% x 36
months = HK$28.8.
Eligible Interest-free Offer customers can enjoy
interest rebate, the rebate will be disbursed on a
rebate basis on a specified date and method.
(The rebate amount will be rounded up to the nearest
dollar with the actual rebate amount is HK$29).
The calculations as shown are for reference only.
payments and deposits
to prepay 1-year rent and deposits^
rental expenses
- Calculated based on one year’s rent and two months’ deposit
Remark 3:
Annual cost calculation with BOC Express Cash
Instalment Loan – Interest-free Offer for rent
payment:
Assume annual rent fee + 2-month deposit
(including an 8% discount provided by the
landlord):
HK$20,000 x (1-8%) x 14 months = HK$257,600
Remark 4:
Assuming loan amount is HK$280,000, handling fee
is 2% p.a. (deducted upon loan drawdown), and the
APR is 3.81%; total handling fee: HK$280,000 x 2%
p.a. x 1 year = HK$5,600.
Hence, annual saving on rental expenses:
traditional monthly rent and deposit payment
HK$280,000 – 1-year prepaid rent and deposits
payment HK$257,600 – handling fee HK$5,600 =
HK$16,800.
Total interest fee is HK$3.36, the total interest
expenses are calculated based on monthly flat rate
of 0.0001%, HK$280,000 X 0.0001% x 12 months =
HK$3.36, eligible Interest-free Offer customers can
enjoy interest exemption, the rebate will be
disbursed on a rebate basis on a specified date and
method. (The rebate amount will be rounded up to the
nearest dollar with the actual rebate amount being
HK$4).
The calculations as shown are for reference only.
The above case is based on assumptions and is for reference only, and do not mean, promise or guarantee that the landlord will provide a rental discount.
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
in reference code column
Remarks:
-
Customers should successfully submit the application with
Reference Code “F2” or specific Reference Code for BOC Express
Cash Instalment Loan - Interest-free Offer (“Interest-free
Offer”) within the promotion period; and successfully draw
down the loan on or before specified date, with repayment
tenor of 12 months, 24 months or 36 months (eligible Interest-
free offer customers), eligible Interest- free offer customers
can enjoy Interest-free Offer and Early Settlement Fee Waiver.
- Interest-free Offer: Calculated at monthly flat rate of 0.0001%, eligible customers can enjoy interest rebate on interest paid on the loan. (Cash rebate will be provided on specified date and manner described in Promotion Clause 3.1). The amount of interest rebate is equal to the total interest already paid and to be paid on the entire loan, calculated based on the monthly flat rate mentioned above, from the Drawdown Date until the Final Repayment Date.
- Early Settlement Fee Waiver: Customers can enjoy rebate on early settlement fee, customer which is 2% of the approved loan amount. (Cash rebate will be provided on specified date and manner described in Promotion Clause 10 ).
Furthermore, annual handling fee is as low as 2% per annum, with
APR as low as 3.81%. The handling fee is from 2% to 6.5% per
annum. The APR of this promotion is from 3.81% to 15.71%.
Above Interest-free Offer is not applicable to BOC Express Cash
Instalment Loan – Tax Season Loan, BOC Express Cash Instalment
Loan Top up, BOC Express Cash Instalment Loan Balance Transfer
and BOC Express Cash Instalment Loan Balance Transfer Top up and
Green Personal Loan.
- The actual processing time for loan application approval and disbursement (including same-day disbursement) may vary depending on the actual circumstances of each application.
- The APR 3.81% is calculated based on a loan amount of HK$100,000 with repayment tenor of 12 months, a monthly flat rate of 0.0001% and an annual handling fee of 2%.
- The APR is calculated according to the guidelines laid down in The Hong Kong Association of Banks for reference use only. 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.
The above offers are subject to the relevant promotion terms and conditions, please download a copy of the terms & conditions for your future reference.
