Express Money Interest Free Loan
 
 

Express Money Interest Free Loan offers you up to HK$800,000 or 6 times your monthly salary, and the daily handling fee for successful application is as low as HK$0.7, so you can now enjoy more flexible cash!

 
 
．Daily handling fee as low as HK$0.72
   
．Maximum Loan Amount up to HK$800,000 or 6 times the customer's monthly salary 3 (whichever is lower)
   
．30-Minute Approval and Disbursement 4
 
．Super-long Loan Tenure: up to 60 months 5
 
．Easy Application for New Job Starters 6 - An employment letter or an employment contract serves as income proof for your application. A loan amount of up to HK$50,000 is available with a super-low handling fee 7
   
Monthly Repayment Table
   
   
  *Input (1) Name (2) Loan Amount and (3) Repayment Tenure (e.g. Lam Siu Man, 50000, 24). Our Bank provides a designated staff member to follow up matters with the customer by calling the number from which the SMS was sent on the next working day after receiving the SMS. Individual telephone network providers will charge a fee for the SMS in accordance with their fee charging schedules.
   

Terms and Conditions of Express Money Interest Free Loan:
  1. The promotion period is from 18 August to 18 October 2008.
  2. The calculation of the HK$0.7 handling fee is based on every HK$10,00 0 loan amount, a monthly handling fee of 0.21%, a 30-day month and assumes that the aggregate loan amount is HK$ 550,000.
  3. The loan amount of HK$300,000 or above is applicable only to property owners or preferential customers, including civil servants, professionals, staff of selected government organizations / public organizations, full-time teachers, staff of tertiary institutions / universities, and staff of selected financial institutions and Dah Sing VIP Banking Customers. The loan amount greater than 6 times the customer’s monthly salary is applicable to customers including civil servants, professionals, staff of selected government organizations / public organizations, full-time teachers, staff of tertiary institutions / universities and staff of selected financial institutions.
  4. The "30-Minute Approval and Disbursement" is applicable only to phone-in or walk-in customers who submit all of the required documents on the application date. The process starts from the moment that Dah Sing Bank staff confirm receipt of all the required documents and information with the customers. The application should comply with the general loan approval procedures of the Bank and should not exceed a loan amount of HK$100,000. Customers should choose to draw their loan at branches. This service is available from 9:00 am to 5:00 pm Monday to Friday and from 9:00 am to 12:00 noon on Saturdays, which may be subject to change according to the actual circumstances.
  5. Loan tenures of 49 months or above are available only for property owners. It is not applicable to new job starters.
  6. Applicants must be aged from 18 to 30 and be currently employed. The employment period must be within 6 months.
  7. For loan amounts of HK$5,000 – HK$50,000, the monthly handling fee is 0.41% on the principal loan amount. The annualized percentage rate is 9.35% with the calculation based on a loan amount of HK$27,500 and a loan tenure of 12 months.
  8. Handling fees for interest-free loans vary by loan amount. The monthly handling fees for loan amounts between HK$5,000 – HK$49,999, HK$50,000 – HK$299,999 and HK$300,000 – HK$500,000 are 0.41%, 0.31% and 0.21% on the principal loan amount, respectively.
  9. The monthly repayment amount (including the said handling fee) will be debited from the repayment account on the due date every month. The monthly repayment amount will be rounded up to the nearest integer. The above annualized percentage rates and monthly repayment amounts are calculated according to the Code of Banking Practice, subject to a 12-month loan tenure and loan amounts of HK$ 550,000, HK$175,000 and HK$27,500 respectively. The above annualized percentage rates and monthly repayment amounts may vary for individual customers.
  10. The Bank reserves the right to terminate the above offers, or amend their terms and conditions at any time without prior notice. In case of dispute, the decision of the Bank shall be final.