Promotions

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

Apply and draw down BOC Express Cash to enjoy below offers: 

  • Annualised percentage rate as low as 2.95%1
  • Loan amount up to HK$2,000,0002. Repayment tenor up to 72 months3
  • Up to HK$3,000 Cash rebate for Balance Transfer customers4.Total interest expense saved 87%5
  • Apply via the  BOC Express Cash mobile app via or for application

 

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 2.95%, including an annual handling fee of 0.75% and HK$500 cash rebate (the APR excluding cash rebate is 3.02%). The above example is for reference only.

 

 

Remarks:

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The annualised percentage rate ranges from 2.95% 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
  • 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. 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 2.95%, including an annual handling fee of 0.75% and HK$500 cash rebate (the APR excluding cash rebate is 3.02%). 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, APR, terms and conditions, please contact our staff.

2. The maximum loan amount for the BOC Express Cash Instalment Loan is HK$2,000,000 or 12 times of monthly salary (whichever is lower). The maximum loan amount for the BOC Express Cash Instalment Loan Balance Transfer is HK$2,000,000 or 21 times of monthly salary (whichever is lower). BOC Credit Card (International) Limited (the “Card Company”) will determine the final approved loan amount based on the credit rating of individual customer and other relevant factors.

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

4a. BOC Express Cash Instalment Loan Balance Transfer application offer (the “Application Offer”) - Up to HK$2,500 cash rebate:
Customers who successfully apply for a BOC Express Cash Instalment Loan Balance Transfer on or before 28 February, 2019 (the “Promotion Period”) and drawdown the loan on or before 31 March, 2019 (the “Eligible Customers”) with repayment tenor of 36 months or above and loan amount of HK$100,000 or above are entitled to the Application Offer as shown in the table below. (The Application Offer is not applicable to existing customers of BOC Express Cash Instalment Loan or BOC Express Cash Instalment Loan Balance Transfer.)

 

Loan Amount (HK$)

Cash Rebate Amount (HK$)

100,000 – 499,999

500

500,000 – 999,999

1,500

1,000,000 or above

2,500

 

b. HK$500 cash rebate for e-Channel application (the “e-Channel Offer):

Eligible Customers who successfully apply for BOC Express Cash Instalment Loan or BOC Express Cash Instalment Loan Balance Transfer via BOCHK website, BOC Express Cash mobile application, branch electronic platform, “BOCHK_CC” WeChat official account or BOCHK iService (the “e-Channels”) during the Promotion Period and drawdown the loan, with loan amount of HK$50,000 or above, are entitled to the e-Channel Offer of HK$500 cash rebate.

c. The cash rebate of the above offers will be credited to the BOC Express Cash accounts of the Eligible Customers. The cash rebate of the above offer will be directly credited to the BOC Express Cash accounts of the Eligible Customers on or before 30 June, 2019 without prior notice. The status of the Eligible Customers’ BOC Express Cash accounts must be normal and valid, and without any overdue record or in breach of the terms and conditions of the BOC Express Cash Instalment Loan and BOC Express Cash Instalment Loan Balance Transfer when the Card Company credits the cash rebate. If the customer cannot fulfill the above requirements, Card Company reserves the right to withdraw the cash rebate without prior notice.


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


5. Assume the credit card outstanding balance is HK$300,000, monthly minimum repayment of 5% of the outstanding balance and an annual interest rate of 30%, thus the APR is 34.49% and the total interest expenses are HK$314,523. The BOC Express Cash Instalment Loan Balance Transfer example is calculated on the basis of a loan amount of HK$300,000, a repayment tenor of 60 months and a monthly flat rate of 0.1333%, and thus the APR is 5.29%, including an annual handling fee of 1%, the total interest expenses are HK$38,994. 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. 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

6. 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 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.

7. Rights of Third Parties:

7.1 Subject to Clause 7.3, 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. 

7.2 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.

7.3 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 BOCHK Group.
  • Each Eligible Customer can only enjoy the above offer only 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.