Fee Table

100% Personal Loan Guarantee Scheme
Item Charges / Details
Default Interest 0.1% per day on the overdue amount



BOC Express Cash Instalment Loan (Effective date: 4 March 2022)
Item Charges / Details
Handling Fee 0%-1% of total loan amount per annum (Please refer to loan advice for the actual handling fee to be charged)
Default Interest and Handling Fee HK$500 late payment fee plus default interest rate of 0.1% per day on the overdue amount until the day of actual payment will be charged upon each occasion of overdue monthly repayment.
Early Settlement Fee

Upon early settlement of the Loan, outstanding interest and principal shall be calculated on the basis of “Reducing Balance Method*” or “Rule of 78**”. 

“Reducing Balance Method”:  The Borrower shall also pay an early settlement fee which is 2% of the approved principal amount of BOC Express Cash Instalment Loan/ Balance Transfer. The Bank may at its discretion adjust the early settlement fee at any time. 

“Rule of 78”: The Borrower shall also pay an early settlement fee which is 2% of the approved principal amount of the Loan; 1.5% of the amount of the approved Loan for balance transfer (in accordance with the Terms and Conditions of BOC Express Cash Instalment Loan Balance Transfer) per annum for the remaining years of the Loan Period (any part of a year shall be rounded up to a year). The Bank may at its discretion adjust the early settlement fee at any time.

*Applicable to any loan application on or after 13 January 2020 for BOC Express Cash Instalment Loan/ BOC Express Cash Instalment Loan Balance Transfer / BOC Express Cash Instalment Loan Top up / BOC Express Cash Instalment Loan Balance Transfer Top Up or any loan application on or after 7 June 2020 for BOC Express Cash Instalment loan online application with instant approval service. 

**Applicable to the loan application on or before 12 January 2020 for BOC Express Cash Instalment Loan/ BOC Express Cash Instalment Loan Balance Transfer / BOC Express Cash Instalment Loan Top up / BOC Express Cash Instalment Loan Balance Transfer Top Up or any loan application on or before 6 June 2020 for BOC Express Cash Instalment loan online application with instant approval service. 

BOC Express Cash Instalment Loan (Effective date: 27 January 2019 )

(Applicable to the loan starting with Loan Number 0238)

Item Charges / Details
Handling Fee 0.75-1.5% of total loan amount per annum
(Please refer to loan advice for the actual handling fee to be charged)
Default Interest and Handling Fee 4% of the overdue amount plus HK$500, per overdue payment
Returned Cheque / Reject Autopay Charge HK$150 per transaction
Early Settlement Fee 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 fee which is 2% of the approved principal amount of the loan for instalment loans; 1.5% of the amount of the approved loan for instalment loan balance transfer per annum for the remaining years of the loan period (any part of a year shall be rounded up to a year). The Bank may at its discretion adjust the early settlement fee at any time with prior notice
Credit Balance Refund Fee HK$50 per transaction
BOC Express Cash Revolving Credit
Item Charges / Details
Annual Fee (only applicable to the customer who apply for the BOC Express Cash Revolving Credit on or after 1 June 2009) 1% of credit limit (subject to a minimum of HK$50 and a maximum of HK$1,000)

Withdrawal/transaction Fee:

Cash Advance3 / Balance Transfer Service3/ Cash Before Card Service3/ payment or fund transfer through “JET Payment”3

Cash Advance / Balance Transfer Service / Cash Before Card Service / payment or fund transfer through “JET Payment” in Hong Kong:

2% of transaction amount plus HK$20 per transaction
Payment or fund transfer through "Online Bill Payment"2 2% of transaction amount plus HK$20 per transaction.
Minimum Payment i) 3% of total outstanding amount (subject to a minimum of HK$40); and
ii) any overdue minimum payment amount from previous monthly statement (where applicable); and
iii) total of over-limit amount (where applicable)
Late Payment Charge 5% of the Minimum Payment (subject to a
minimum of HK$100 and a maximum of
HK$200) for each late payment
Returned Cheque / Rejected Autopay Charge HK$150 per transaction
Over-limit Handling Fee4 HK$100 per statement period
Statement Copy Retrieval Fee
Within the latest 2 months
Preceding the latest 2 months

Free
HK$50 per copy

Sales Slip Retrieval Fee HK$30 per copy
Lost Card Replacement Fee HK$100 per card
Foreign Currency Cheque Repayment Fee HK$100 per cheque
Credit Balance Refund HK$50 per transaction
Credit Reference Letter HK$200 per copy

Remarks:

  1. The above charges are subject to revision from time to time. Other loan product and/or service charges are being outlined and published separately.
  2. Only applicable to customers who have applied for BOC Express Cash Revolving Credit on or after 1 June 2009.
  3. Any withdrawal or fund transfer of the credit balance or any part thereof from BOC Express Cash Revolving Credit account, except effected by way of a refund procedure prescribed by Bank of China (Hong Kong) Limited (the "Bank") from time to time, will be treated as a cash advance transaction.
  4. If the current balance exceeds the credit limit of the Revolving Credit, an Over-limit Handling Fee will be debited to the account.
  5. Annualised Percentage Rate (APR)

Loan Amount

APR

HK$ 5,000

As low as 14.23%

HK$ 20,000

As low as 10.74%

HK$ 100,000

As low as 7.99%

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. This APR is calculated based on a loan amount of HK$5,000/HK$20,000/HK$100,000 and a yearly interest rate of 12.5%/9.5%/7.0% respectively. The APR is calculated according to the guidelines issued by The Hong Kong Association of Banks and for reference use only. The actual APR will depend on the customer’s credit rating and loan amount.

  1. Annualised Overdue/Default Interest Rate is 46.78%. Additional yearly flat interest rate of 4% will be applied to outstanding loan balance on a compound basis, if you have failed to meet the requirement of Minimum Payment on two or more occasions in respect of the last 6 consecutive statements ("Triggering Event"). Default Interest Rate will be applied during the period from the day following the statement date of the statement first issued after the occurrence of the Triggering Event until the statement date of the statement first issued after the cessation of the Triggering Event. Interest will be calculated at the applicable privileged interest rate thereafter. Any special offers (such as preferential interest rates) applicable to the account will be suspended until such time as the Default Interest Rate ceases to apply. In any case, the relevant promotion period will not be extended. 
  2. For the Terms and Conditions, Remarks, Key Facts Statement (KFS) for Revolving Credit Facility or other information, please call BOC Express Cash Customer Service Hotline +852 2108 3611