Relieve credit card pressure and consolidate repayment! Balance Transfer Instalment Loan can let you consolidate your debts into one loan, reduce unnecessary interest payment and clear your credit card debts in one lump sum! Our dedicated customer service officers will follow-up your loan application.
OCBC Wing Hang Credit Limited (“Company”) is the wholly-owned subsidiary of OCBC Wing Hang Bank Limited. The Company is the entity which processes the application of the Balance Transfer Personal Loan and provides the loan and related services. Customers can submit applications through the branches of the Company and OCBC Wing Hang Bank Limited. To enquire about the relevant terms and conditions, please contact the staff of the Company.
Notes regarding the Balance Transfer Personal Loan:
1. Annualized percentage rate("APR") is a reference rate which includes the basic interest rates and other fees and charges of a product expressed as an annualized rate. The APR ranged from 3.30% to 48% generally and the minimum repayment period and maximum repayment period is of 6 months to 60 months. APR is calculated according to the method set out in the relevant guidelines under the Code of Banking Practice issued by the Hong Kong Association of Banks as the basis. The APR has been corrected to 2 decimal places. If the loan amount is $1,000,000, the monthly flat rate for 12 months and 24 months is 0.063% and 0.065%, if the loan is approved finally by the Company, the APR for 12 months and 24 months is 3.30% and 3.50%, with a handling fee of 1% per annum included, the total loan repayment amount is HK$1,007,532 and HK$1,015,560. The loan handling fee is to be paid in full upon loan drawdown. The interest rate is calculated based on 365 days per year. Example is for reference only. The APR may differ with different loan amounts and tenors. For details, please contact our staff.
Customers who are entitled to the offer of Balance Transfer Personal Loan (the "Offer") and the Promotion are bound by the terms and conditions of the Promotion, related loan application form and loan documents. Please contact the staff of the Company for details and enquiries of related terms and conditions and charges details. Loan amount, interest rate, monthly repayment amount and repayment tenor applicable to individual applicant may be different and is based on the final approval status of the Company; please contact the staff of the Company for details and enquiries. The Company reserves the right to amend, extend, suspend, terminate or cancel the Promotion and/or the terms and conditions or any parts thereof from time to time and at any time without prior notice or consent. In case of any dispute, the decision of the Company shall be final and conclusive. The Company reserves all the final decision on determining the interest rates, amending the terms and conditions in respect of the Loan, and approving the loan application. Reference will be made to the customer’s credit reports and the Company reserves the right to reject the loan application without specifying any reasons for its decision and interpretation, which shall be final, conclusive and binding on all.
The English version shall prevail if there is any inconsistency between the English and Chinese versions.
Before you make request for early repayment for Instalment loan, please refer to "FAQ" of this website.
For details or enquiries about the related terms and conditions, please contact us.
To borrow or not to borrow? Borrow only if you can repay!