Green Personal Loan I Loan I Bank of China (Hong Kong)

Terms and Conditions are issued in non-paper form copies for all Instalment Loan applied via this application channel. Physical copies of the relevant Terms and Conditions are available upon request at the branches. You can download and store the below terms and conditions in the Bank’s website at within 30 days. You may not be able to download and store such version of the information after the expiry of the specified timeframe.

For the "Key Facts Statement (KFS) for Instalment Loan", please click here.

Green Personal Loan

Helps You Embark On
A Green Journey &
Live A Green Life

Bank of China (Hong Kong) Limited (“BOCHK”) is committed to promoting environmental and social sustainable development. Besides offering Green Personal Loan for purchasing electric vehicles to support zero carbon emissions, BOCHK extends the loan purpose to installation works for renewable energy system, such as solar photovoltaic system, which further helps to contribute to green environment and future.

BOCHK customers will be the first to enjoy an exclusive test drive of the latest Tesla car model ^{1.3, 1.5} Apply Now with Reference Code “GL”

Green Personal Loan customers who purchase a Tesla electric car can enjoy a complimentary Tesla Wall Connector Private Installation Package, reference price valued HK$18,800^{1.4, 1.5}

Product Overview & Offer

Enjoy the following product features and offer with specific Green Personal Loan purposes^*

Preferential APR

APR as low as 1.85%⁶
and up to HK$6,800 Cash Rebate, with extra HK$300 Cash Rebate for document submission²

Paperless

Experience online loan application services, via App or website at ease

As low as 0% Handling Fee^1.1

100% loan amount

Loan Amount

Borrow up to HK$4,000,000 or 18 times of monthly salary or for the specific Green Personal Loan* purposes ⁵(whichever is lower)

Loan Tenor

Flexible repayment period, up to 60 months, helps you repay loan at ease

Total Relationship Balance Growth Reward^1.2

Together with other welcome offers for customers who newly take up or upgrade to BOCHK Wealth Management service

Specific Green Personal Loan purposes includes purchase of the specific models of electric vehicles approved by HK Government, and/or installation of renewable energy system, such as solar photovoltaic systems. The proof of purchase is required to submit before loan drawdown. For details of eligible electric vehicle models, please take reference from the Environmental Protection Department’s website.

Apply Now with Reference Code “GL”

Terms and Conditions

Use Case

Green Personal Loan helps you embark on a green journey and live a green life

Mr. Chan wants to replace the petrol car that has been used for many years. He plans to buy an electric car to save fuel spending and his family can keep going out with his own car during the pandemic.

Price of electric car

HK$450,000

Monthly repayment amount

HK$8,647^＃

Loan Tenor

60 months

Apply Now with Reference Code “GL”

^# The quoted interest rate is calculated based on a loan amount of HK$450,000 with repayment tenor of 60 months and monthly flat rate of 0.2548%. The annualised percentage rate is 5.90%, with handling fee waiver. The repayment amount has been rounded up to nearest dollar.

Support Renewable Energy by Installing Solar Photovoltaic System

Mr. Cheung install solar panels at roof of his village house, to sell the renewable energy he generate to the power companies to offset his electricity bills⁺!

Cost of Installation work of Solar PV panel

HK$160,000

Monthly repayment amount

HK$3,155^@

Repayment period

60months

Apply Now with Reference Code “GL”

⁺Customer needs to apply the Feed-in Tariff Scheme to the power company for the electricity bills offset arrangement. Regarding the Feed-in Tariff Scheme is provided by the designated power suppliers. For application procedures and requirements, please visit the relevant website.

^＠ The quoted interest rate is calculated based on a loan amount of HK$160,000 with repayment tenor of 60 months and monthly flat rate of 0.3055%. The annualised percentage rate is 7.05%, with handling fee waiver.

The above case is for reference only. Figures are for used for explaining the example. BOCHK will determine the final approved loan amount based on the credit rating of the individual customer and other relevant factors. Any enquiries, please contact our staff.

Monthly Repayment Amount

Green Personal Loan APR and Monthly Repayment Amount

You may choose the most suitable repayment schedule that matches with your financial needs and abilities.

Repayment Calculator

Experience Online Application

Apply Green Personal Loan via e-Channels^{^}

Apply via Mobile Banking

Apply via Internet Banking

Easy apply in 3 steps:

Apply online and input “GL” in Reference code column

Online submit required documents

Confirm your loan via online

^	E-Channels including BOCHK website, Internet Banking, Mobile Banking, “BOCHK” WeChat official account or “BOC CC” WeChat official account.
•	The promotion period from 4 July to 30 September 2023 (both dates inclusive) (“Promotion Period”), customers should successfully drawdown the loan on or before 31 October 2023 to be eligible to Green Personal Loan offer.
•	Minimum loan amount is HK$5,000 and calculated in thousand dollars.
•	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 and the Google Play are trademarks of Google Inc..
•	The APR of this promotion is from 1.85%-20.12%.
•	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 terms and conditions, please download a copy of the terms & conditions for your future reference.