Personal Banking
Personal Loan
Easi-Personal Loan
“Easi-Personal Loan” Application Form and Terms and Conditions “Easi-Personal Loan” Interest Rate and Monthly Repayment Table Explanation and Example of APR, “Rule of 78” and Repayment for Instalment Loans Key Facts Statement (KFS) for Instalment Loan and Overdraft Facility Example of “Easi-Personal Loan” Instalment Loan Balance Transfer
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.