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Key Facts Statement (KFS) for Instalment Loan - …

Key Facts Statement (KFS) for Instalment LoanThis product is an Instalment KFS provides you with indicative information about interest, fees and charges of this product but please refer to our loan advice for the final terms of your Instalment Rates and Interest ChargesFees and ChargesAdditional InformationAnnualised Percentage Rate (APR)1 Handling FeeFor a loan amount of HK$100,000: loan Tenor 6-month 12-month 24-monthAPR (or rangeof APR)As low low low Overdue / Default Interest Rate4% overdue interest rate will be applied when a monthly payment is overdue. Overdue interest will be calculated based on overdue amount and be charged once only for an overdue Handling Fee: - of loan amount per annum will be charged upon loan Balance Refund Fee: HK$50 per transactionPrepayment / Early Settlement / Redemption Fee Upon early settlement of the loan , outstanding interest and principal shall be calculated

Key Facts Statement (KFS) for Instalment Loan This product is an instalment loan. This KFS provides you with indicative information about interest, fees and

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Transcription of Key Facts Statement (KFS) for Instalment Loan - …

1 Key Facts Statement (KFS) for Instalment LoanThis product is an Instalment KFS provides you with indicative information about interest, fees and charges of this product but please refer to our loan advice for the final terms of your Instalment Rates and Interest ChargesFees and ChargesAdditional InformationAnnualised Percentage Rate (APR)1 Handling FeeFor a loan amount of HK$100,000: loan Tenor 6-month 12-month 24-monthAPR (or rangeof APR)As low low low Overdue / Default Interest Rate4% overdue interest rate will be applied when a monthly payment is overdue. Overdue interest will be calculated based on overdue amount and be charged once only for an overdue Handling Fee: - of loan amount per annum will be charged upon loan Balance Refund Fee: HK$50 per transactionPrepayment / Early Settlement / Redemption Fee Upon early settlement of the loan , outstanding interest and principal shall be calculated on the basis of Rule of 78.

2 The Borrower shall also pay an early settlement penalty which is 2% of the approved loan Amount of Instalment loan ; 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 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. 2. This APR is calculated based on a loan amount of HK$100,000, a loan tenor of 6/12/24 months, a monthly flat interest rate of respectively and an annual handling fee of The APR is calculated according to the guidelines laid down in the Code of Banking Practice and based on a number of assumptions for reference use only.

3 The actual APR will depend on the customer s credit rating, loan amount and loan tenor. Late Payment Fee and ChargeHK$500 per overdue Cheque / Rejected Autopay ChargeHK$150 per returned cheque / rejected autopay Credit Card (International) Express Cash Instalment LoanMay 2017


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