Revolving Instalment Loan allows you to be eligible for the best of redrawing the quantity which will be no more compared to the loan principal repaid. You’re not needed to re-submit application papers. The process that is whole simple and easy quick, which provide money immediately.
You should not re-apply and that can redraw the repaid principal immediately
Loan quantity is as high as $800,000
Repayment tenor is often as long as 48 months
Loan drawdown technique
Straight credit to client’s designated banking account.
Just phone our Redraw Loan Centre at 2520 2929 to redraw money!
Client may also elect to deliver us answer Form For Redrawing Revolving Instalment Loan by fax at 2834 2266.
OCBC Wing Hang Credit Limited (“Company”) could be the wholly-owned subsidiary of OCBC Wing Hang Bank Limited. The organization could be the entity which processes the effective use of Revolving Instalment Loan and offers relevant loan solutions. Customer can submit application through the branches associated with the ongoing company and OCBC Wing Hang Bank Limited. To find out more the appropriate conditions and terms, please contact the employees of this business.
1. Annualized portion rate(“APR”) is just a guide price including the fundamental rates of interest along with other costs and fees of a item expressed as an annualized price. APR is determined in accordance with the technique put down when you look at the appropriate directions under the Code of Banking Practice released by the Hong Kong Association of Banks while the foundation. The APR is corrected to 2 decimal places with a fee that is handling of% per year included. The loan control cost is usually to be compensated in complete upon loan drawdown. Applicable to the above APR and loan quantity, the median loan quantity is HK$800,000, HK$650,000, HK$400,000, HK$250,000, HK$150,000 and HK$75,000 correspondingly. The attention price is determined centered on 365 times each year. Example is for guide just. The APR may vary with various loan quantities and tenors. For details, please contact our staff.
Customer should have had a Revolving Instalment Loan take into account at the very least a couple of months and had compensated at the least 3 instalments, and without the overdue record or in breach associated with conditions and terms regarding the plan to become eligible for the best of redrawing the quantity that is no more compared to loan principal repaid. The minimum redrawn amount is HK$3,000 every time. OCBC Wing Hang Credit Limited (“the Company”) reserves the ultimate straight to the approval of this application for the loan in addition to loan quantity awarded.
Clients that are entitled because of the offer of Revolving Instalment Loan (the “Offer”) as well as the marketing are bound by the stipulations for this system, relevant loan form and loan papers. The organization is just a subsidiary that is wholly-owned of Wing Hang Bank Limited (“OCBC Wing Hang Bank”). The business handles the effective use of revolving instalment loan and offer this loan and associated loan solutions. Users can submit the program to the Company together with branches of OCBC Wing Hang Bank. The staff of the Company for details, please contact.
Please contact the employees associated with business for details and enquiries of relevant stipulations and fees details. Loan quantity, rate of interest, month-to-month repayment amount and repayment tenor relevant to individual applicant may differ and it is on the basis of the last approval status for the business, please contact the employees for the business for details and enquiries. The business reserves the best to amend, expand, end or cancel the marketing and amend the conditions and terms at any time without previous notice. The decision of the Company shall be final and conclusive in case of any dispute. The organization reserves most of the final decision on determining the attention prices, amending the conditions and terms in respect associated with Loan, and approving the loan application. Guide is going to be meant to the customer’s credit history while the ongoing Company reserves the proper to reject the mortgage application without indicating any good reasons for its choice and interpretation,which will probably be last, conclusive and binding on all.
The English variation shall prevail if you have any inconsistency between your English and Chinese versions.
For details or enquiries concerning the associated terms and conditions, please contact us.
Before you make demand for very very early payment for Instalment loan, please relate to “FAQ” with this web site.