Vehicle Finance Loan Repayment Calculator
Disclaimer
- The above information is for reference only and is not binding on Dah Sing Bank, Limited ("the Bank").
- The result of the above loan calculator is based on the information input by customers, and the accuracy of the result is not guaranteed by the Bank. The actual repayment liability depends on the actual terms of each borrowing arrangement.
- The interest rates (including Annualised Percentage Rate and per annum flat rate) listed in the above repayment schedule are for reference only. The final approved interest rate is subject to the assessment of the Bank.
- Customers should note that any information provided herein does not constitute any solicitation, recommendation or offer of any credit facilities by the Bank and shall not be deemed to be approval for any applications for credit facilities.
- Please note that vehicle finance applications will be subject to the approval of the Bank. In case of dispute, the decision of the Bank shall be final.
To borrow or not to borrow? Borrow only if you can repay!
The service(s) / product(s) mentioned herein is / are not targeted at customers in the EU.
Remarks
- Hire Purchase - The monthly instalment amount is calculated by dividing the total loan finance amount and total interest charge by the total number of instalments, with no prepayment being required.
- Lease Purchase - The monthly instalment amount is calculated by dividing the total loan finance amount and total interest charge by the total number of instalments. Prepayment is required, it is calculated by the number of loan tenor years added with numerical value one and multiplied by the monthly instalment amount. For instance, for a loan tenor of 3 years, it is required to pay 4 monthly instalments as the prepayment (i.e. 3 + 1). Preferential interest rate would be offered and the total interest charge is relatively low as compared with Hire Purchase.
- The Annualised Percentage Rate ("APR") is calculated according to the guidelines issued in respect of the Code of Banking Practice and is rounded to the nearest two decimal places and may vary for individual customers. Customers should refer to the loan agreement for the relevant information. 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.
In the event of any discrepancy between the English and Chinese versions of the information provided herein, the English version shall prevail.