Cash / Statement Installment Plans

No matter where you are, BOC Credit Card Cash / Statement Installment Plans maximize your financial flexibility by allowing you to turn your credit limit into cash and repay by Installments, besides, you can also choose to repay your credit card transactions or bills by monthly Installments.

Apply online now to enjoy up to HK$1,000 rebate1!

1Valid till 31 October 2021. Only applicable to the “Cash Installment” Plan, “Statement Installment” Plan, or “Online Bill Payment Installment” Plan.

 

Cash Installment Plan

For the "BOC Credit Card Key Facts Statement for Installment Loan", please click here.

"Cash Installment" Plan lets you turn your available BOC Credit Card credit limit into cash and repay by 12 – 36 monthly Installments.

"Cash Installment" Plan offers

  • Enjoy a personalized preferential monthly handling fee
  • 12/18/24/36 repayment periods at your choice, fixed monthly repayments for better management of your cash flow
  • No documentary proof is required, apply online with just one click
  • Online application offer: Enjoy $200 administration fee waiver and up to $1,000 cash rebate for online applications

Online application offer details

Cardholders successfully apply for “Cash Installment” Plan, “Statement Installment” Plan, or “Online Bill Payment Installment” Plan (“Services”) through BoC Pay, internet banking, mobile banking, BOCHK website or official account of BOC Credit Card on WeChat (WeChat ID: BOCHK_CC) (“e-Channel”) with a designated accumulated amount, can enjoy below cash rebate:

        Accumulated amount           Cash rebate          Upfront administration fee      
$10,000 to $49,999 HK$100
 

 

$200

Waived

$50,000 to $99,999 HK$300
$100,000 to $199,999 HK$500
$200,000 to $299,999 HK$800
$300,000 or above HK$1,000
Only applicable for tenor of 12 months or above
 
Example: 
Assume the installment amount is HK$300,000, with a 0.15%* personalized preferential monthly handling fee, 36-month loan tenor and apply via e-Channel:
Monthly Installment Amount = (Installment Amount ÷ Tenor) + Average Monthly Handling Fee
                                             = (HK$300,000 ÷ 36) + (HK$300,000 x 0.15%)
                                             = HK$8,783.33^  
Cash rebate for online application: HK$1,000
 

Remarks:

"Cash Installment" Plan is only applicable to selected cardholders.

*The personalized preferential monthly handling fee, final approved “Cash Installment” amount or application approval will depend on the account status. To find out more about the personalized preferential handling fee and the annualized percentage rates ("APR"), please refer to the “Cash Installment” transaction screen of online service or call the designated hotline 2929 2228.  Besides the monthly handling fee, an upfront administrative fee of HK$/CNY200 will also be charged (waived for applications via e-Channels), the upfront administration fee will be charged to credit card account with the first installment. For example, for a loan amount of HK$300,000, with personalized monthly handling fee of 0.15% of loan amount and apply via e-Channel, the fees in APR is: 3.36% for 6-month loan tenor, 3.48% for 12-month loan tenor, 3.52% for 18-month loan tenor, 3.54% for 24-month loan tenor, 3.55% for 36-month loan tenor. An APR is a reference rate which includes the basic fees and charges of this product expressed as an annualised rate, such as monthly handling fee and upfront administration fee (if any).

^The Company is hereby authorized to apportion the Monthly Installments between the Cash Installment Amount and Monthly Handling Fee (if any) as it shall deem appropriate. The example is for reference only.

Terms and Conditions:

The above “Cash Installment” plan subject to the below Important Notes and Terms and Conditions:

"Statement Installment" Plan

"Statement Installment" Plan lets you repay your newly posted transactions on your latest statement by up to 36 monthly Installments at a personalized preferential handling fee!

Up to HK$1,000 cash rebate for online applications

Cardholders successfully apply for “Cash Installment” Plan, “Statement Installment” Plan, or “Online Bill Payment Installment” Plan (“Services”) through BoC Pay, internet banking, mobile banking, BOCHK website or official account of BOC Credit Card on WeChat (WeChat ID: BOCHK_CC) (“e-Channel”) with a designated accumulated amount, can enjoy below cash rebate:

      Accumulated amount           Cash rebate     
$10,000 to $49,999 HK$100
$50,000 to $99,999 HK$300
$100,000 to $199,999 HK$500
$200,000 to $299,999 HK$800
$300,000 or above HK$1,000
Only applicable for tenor of 12 months or above
 
Example: 
Transaction amount Personalized preferential handling fee (%)* Handling fee per day Cash rebate for online application
$10,000 0.18% $0.6 HK$100
Assume the installment amount is HK$10,000, with a 0.18% personalized preferential monthly handling fee and a 12-month loan tenor, the monthly installment amount is: (Installment Amount ÷ Tenor ) + Monthly Handling Fee, i.e. (HK$10,000 ÷ 12) + (HK$10,000 x 0.18%) = HK$851.33 ; Assume 30 days a month, the daily handling fee is: Monthly Handling Fee ÷ 30, i.e. (HK$10,000 x 0.18%) ÷ 30 = HK$0.6. The Company is hereby authorized to apportion the Monthly Installments between the Statement Installment Amount and Monthly Handling Fee (if any) as it shall deem appropriate. The example is for reference only.
 

Remarks:

"Statement Installment" Plan is only applicable to selected cardholders.

*The personalized preferential monthly handling fee, final approved “Statement Installment” amount or application approval will depend on the account status. To find out more about the personalized preferential handling fee and the annualized percentage rates ("APR"), please refer to the “Statement Installment” transaction screen of online service or call the designated hotline 2929 2228. For example, for a loan amount of HK$10,000, with personalized monthly handling fee of 0.18% of loan amount and apply via e-Channel, the fees in APR is: 3.76% for 6-month loan tenor, 4.04% for 12-month loan tenor, 4.13% for 18-month loan tenor, 4.17% for 24-month loan tenor, 4.20% for 36-month loan tenor. An APR is a reference rate which includes the basic fees and charges of this product expressed as an annualised rate, such as monthly handling fee and upfront administration fee (if any).
 
^If full payment of the outstanding Current Balance as posted on the monthly statement is received by the Company on or before the Due Date, no interest shall be payable by the customer, otherwise interests, finance charge and other fees, if applicable, shall be charged pursuant to the Agreement.
 
Terms and Conditions:
 

The above “Statement Installment” plan subject to the below Important Notes and Terms and Conditions:

 

"Cash Before Card" Service

For the "BOC Credit Card Key Facts Statement", please click here.

"Cash Before Card" Service lets you turn your available credit limit into cash and enjoy up to 56 days interest free repayment period^! Furthermore, every dollar you advance, you earn 1 gift point!

Remarks:

Electronic application channels are not applicable to BOC Commercial Card (except BOC Elite Platinum Commercial Card).

^If full payment of the outstanding Current Balance as posted on the monthly statement is received by the Company on or before the Due Date, no interest shall be payable by the customer, otherwise interests, finance charge and other fees, if applicable, shall be charged pursuant to the Agreement.

Terms and Conditions:

The above “Cash Before Card” plan is subject to the relevant Terms and Conditions, please click here for details.

Balance Transfer Service

"Balance Transfer" Service lets you transfer your outstanding balance from other high interest credit cards/ loans/ overdraft accounts to BOC Credit Card and enjoy up to 56 days interest free period^!

Application method: You can pay bills for the category of "Banking and Credit Card Services", "Securities Broker" and "Credit Services" through "Online Bill Payment Service" via online service.

Remarks:

^If full payment of the outstanding Current Balance as posted on the monthly statement is received by the Company on or before the Due Date, no interest shall be payable by the customer, otherwise interests, finance charge and other fees, if applicable, shall be charged pursuant to the Agreement.

Terms and Conditions:

The above “Balance Transfer” plan is subject to the relevant Terms and Conditions, please click here for details.

Online Document Submission

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