Personal Banking

Personal Loan

Easi-Personal Loan

Smart Tips

Do I save interest expenses by making early repayment of personal instalment loan?
Please refer to section E of “Explanation and Example of APR, “Rule of 78″ and Repayment for Instalment Loans” above. Please contact our staff if you intend to make an early repayment.

1. The Annualised Percentage Rate (“APR”) of 2.92% is calculated based on a loan amount of HK$500,000 with repayment tenor of 12 months and monthly flat rate of 0.046%, including an annual handling fee of 1%. The APR is calculated using the Net Present Value Method in accordance with the Code of Banking Practice. An APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate.
2. The requirements of customer’s credit quality determined by Nanyang Commercial Bank, Limited (“the Bank”) are required to be fulfilled. The approved APR may vary on a case-by-case basis, subject to the credit quality of each individual customer, the result of credit check and other related factors. The final approval of application, loan amount, repayment tenor and loan interest rate are all subject to the final decision of the Bank without providing any reason.
3. Third Party Rights:
(i) Subject to Clause 3(iii), a person who is not a party to any Application Form 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 such Application Form and/or these Conditions.
(ii) Notwithstanding any term of any Application Form and/or these Conditions, the consent of any person who is not a party to such Application Form is not required to rescind or vary such Application Form and/or these Conditions at any time.
(iii) Any director, officer, employee, affiliate or agent of the Bank or any of the Bank’s Related Parties may, by virtue of the Third Parties Ordinance, rely on any provision of any Application Form and/or these Conditions which expressly confers rights on that person.
4. The above product is subject to the relevant terms and conditions of the “Easi-Personal Loan”.
5. The above example is for reference only. For loan and offer details, interest rates, handling fees, APR, terms and conditions, please contact our staff or refer to application form.
6. The Bank reserves the right to amend, suspend or terminate the above product and offers, and to amend the relevant terms at any time at its sole discretion without prior notice. All matters and disputes will be subject to the final decision of the Bank.
7. Should there be any discrepancy between the English and Chinese versions of this website, the Chinese version shall prevail.