Personal Instalment Loan
OCBC Bank (Hong Kong) Limited
Intro
About this product
A personal loan from OCBC Bank (Hong Kong) Limited. Tenors run 6–60 months. The APR is 1.30%–36.00%. On fees, handling fee 1.5%, handling fee 1%. On early repayment, An early redemption penalty plus other charges apply to early repayment outside the 60-day interest-free repayment-holiday window, and interest savings from early repayment can be outweighed by the penalty.
Fit
Who it suits
- Borrowers who prefer a longer tenor (up to 60 months)
- Strong-credit borrowers aiming for an APR as low as 1.30%
Key facts
Key facts
Cost
APR
1.30%–36.00%
Monthly flat rate
To be verified
handling fee 1.5% · annual handling fee of 1.5% of the loan amount when the repayment period is 12 months or fewer
handling fee 1% · annual handling fee of 1% of the loan amount when the repayment period exceeds 12 months; in both tiers the handling fee for the whole repayment period is collected in one lump sum on the loan drawdown date
Repayment
Tenor
6–60
An early redemption penalty plus other charges apply to early repayment outside the 60-day interest-free repayment-holiday window, and interest savings from early repayment can be outweighed by the penalty.
Early repayment interest and penalty and other fees, as set out in the loan contract's terms and conditions; no fixed amount or percentage is published.
No advance-notice requirement is published; the page directs borrowers to check the total early-settlement amount and the remaining interest against the loan terms before deciding.
Within the 60-day interest-free and instalment-free period, a customer who repays the whole loan early in one lump sum together with the handling fee is exempt from up to 60 days of interest, the early redemption penalty and other fees (the handling fee excepted); partial repayments are not accepted.
Amount
Loan amount
To be verified
Reminder: borrow only what you can repay, and never pay a middleman.
Source: OCBC Personal Instalment Loan Last updated: Data follows the institution's official pages and is not investment or lending advice.