Decoration Loan

 

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Supporting Your Life Goal

Decoration Loan

To those who are seeking for quality of life, it’s easy for you to have a dream home. OCBC Wing Hang Credit knows what you need and helps you to create a comfortable home. Our dedicated customer service officers will follow-up your loan application.

● Smart Tip - Key Facts Statement, Terms and Conditions“Decoration Loan Premium Gift Offer” Terms and Conditions

Annualized percentage rate("APR")
as low as 2.55%11

Maximum loan amount: HK$1,200,000

Maximum repayment tenor:
60 months

Successfully draw down and receive free Dyson Pure Cool™ TP00 Tower Purifier Fan (White/Silver) or redeem other products* at exclusive redemption price!

1. Dyson TP00

  Dyson Pure Cool™

TP00 Tower Purifier Fan

(White/Silver)

[Free]

Retail Price $3,480

2. Dyson Supersonic

Dyson SupersonicTM

 Hair Dryer HD08

(Black/Nickel)

[Redemption Price $ 200]

Retail Price $ 3,680

3. Dyson V8

Dyson V8™

Slim Fluffy 2021

 

[Redemption Price $ 200]

Retail Price $ 3,680

4. Philips ADD6911L

Philips ADD6911L

RO Water Dispenser 

 

[Redemption Price $ 308]

Retail Price $ 3,788

*Please read Note regarding the Decoration Loan1-10.

Example:

Table 2_Eng

mobile

Application Hotline :

Hong Kong

Central:

(+852) 2201 7800

North Point: 

(+852) 2201 7822

Wanchai:

(+852) 2201 7799

Kowloon

Tsim Sha Tsui:

(+852) 2201 7900

Kwun Tong:

(+852) 2201 7878

Prince Edward:

(+852) 2201 7866

New Territories

Tsuen Wan:

(+852) 2201 7988

Tai Po:

(+852) 2201 7966

Kwai Fong:

(+852) 2201 7933

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 Decoration 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 Decoration Loan:

 

1. The promotion period of “Decoration Loan Premium Gift Offer” (“Promotion”) is from 19 April 2022 to 31 December 2022 (both dates inclusive) (“Promotion Period”).

 

2. The Promotion is applicable to property owners who directly hold any properties located in Hong Kong under their own names and/or jointly with any third party, and who have not opened or maintained any personal loan account (whether solely or jointly with any third party; including but not limited to Personal Instalment Loan and Revolving Credit, but excluding mortgage account) with the Company at any time during the 1 month immediately preceding the date of the respective loan application (collectively, “Eligible Customer”).

 

3. Eligible Customers who provide the Company with confirmations in relation to the Promotion in the form as specified by the Company from time to time (the “Special Offer Confirmation”) and successfully draw down the Decoration Loan with an approved loan amount of HK$200,000 or above and a repayment tenor of 12 months or more (“Loan”) during the Promotion Period will be entitled to one set of gift card code (with value that is equal to the retail price of a Dyson Pure Cool™ TP00 Tower Purifier Fan (White/Silver)) (the “Gift Card Code”) to purchase one of the below products at an exclusive redemption price.

Table 3_Eng

* Available while stocks last

 

4. The Gift Card Code will be sent to the Eligible Customer’s email address provided in the Loan application within 1 month after the date of drawdown of the Loan (the “Redemption Email”). The Eligible Customer is required to visit ( https://corpsolutions.jebsenconsumer.com/pages/new-owhc-gift-redemption ) to access the website provided by the supplier (the “Website”), to create an account and/or log in the Website, confirm the choice of product specified in clause 3, enter the Gift Card Code and pay the redemption price (if any) by the method specified by the supplier for gift redemption. All products shall be redeemed within 60 days upon issuance of the Redemption Email (including the date of such issuance). Otherwise, the Gift Card Code will be voided, and the Eligible Customer will be deemed to have forfeited all the rights under the Promotion. Eligible Customers may refer to the Redemption Email for details. If the Eligible Customer does not receive the Redemption Email accordingly, he/she should inform the Company within 2 months after the date of drawdown of the Loan, failing which the Eligible Customer shall be deemed to have received the Gift Card Code in accordance with this clause 4.

 

5. Notwithstanding anything to the contrary, if the Eligible Customer has made an early settlement of the Loan before receiving the Redemption Email, the Eligible Customer will be conclusively deemed to have unconditionally and irrevocably waived all his/her entitlement and rights under the Promotion. In addition, in the event of repayment of the entire Loan prior to the final loan repayment date, if the Eligible Customer has redeemed the gift, the Eligible Customer is required to pay to the Company in full the retail price of a Dyson Pure Cool™ TP00 Tower Purifier Fan (White/Silver) (HK$3,480) and any other fees and/or charges to be paid to the Company in case of early repayment of the Loan as specified in the Promissory Note and/or OCBC Wing Hang Credit Limited Loan Terms and Conditions. The Company reserves its right to debit such amounts from the Eligible Customer's repayment account without any prior notice or consent.

 

6. All products specified in clause 3 will be delivered by the supplier in accordance with the relevant terms and conditions of the supplier. Should the delivery be delayed or the product be lost (including but not limited to delivery lost), stolen or destroyed, the Company will not reissue the Gift Card Code and will not bear any responsibility or be liable for any compensation.

 

7. Each Eligible Customer can only enjoy the Promotion once during the Promotion Period. For the avoidance of doubt, the Company reserves its right not to offer any or all of the aforementioned privileges at its sole and absolute discretion without giving any reason therefor.

 

8. The Promotion cannot be transferred, assigned, exchanged for cash or other offers or be treated as cash, unless otherwise stated by the Company.

 

9. The Company is not the supplier of the products specified in clause 3, and does not own, operate or manage the Website. The usage and redemption of the Gift Card Code and the products and the usage of the Website are subject to the relevant terms and conditions (including any privacy policy and/or cookies policy) stipulated by the supplier. Unless otherwise expressly provided herein, the Company assumes no liability or responsibility for the terms and conditions (including any privacy policy and/or cookies policy) and any other matters relating to the Gift Card Code, the Website and/or the products. By applying for the Promotion, the Eligible Customers agree that they understand and accept the relevant terms and conditions of the supplier (including any privacy policy and/or cookies policy) and agree to be bound by them. Please visit the Website for details. Should there be any dispute, complaint or claim with regard to the Gift Card Code, the Website and/or the products, the Eligible Customer should make such demand, complaint or claim directly with the supplier (Jebsen Home Tech Company Limited, Tel: (852) 3180 3020; Email: jcs@jebsen.com). The Company reserves the right to replace the products specified in clause 3 with any alternative gifts at any time without prior notice or consent.

 

10. 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. The decision and interpretation of the Company on all matters and/or disputes concerning or arising from any of the aforementioned privileges and/or these terms and conditions herein or any part thereof (including without limitation all or any definitions and criteria herein) shall be final and conclusive and binding to all customers.

 

11. 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 2.55% 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 0.030 % and 0.065%, if the loan is approved finally by the Company, the APR for 12 months and 24 months is 2.55% and 3.51%, with a handling fee of 1% per annum included, the total loan repayment amount is HK$1,003,608 and HK$1,015,608. 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.

 

The above loan product and offer are bound by the applicable terms and conditions. Please contact the staff of the Company for details.

 

Customers who are entitled to the offer of Decoration 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.

 

For details or enquiries about the related terms and conditions, please contact us.

 

Before you make request for early repayment for Instalment loan, please refer to "FAQ" of this website.

 

To borrow or not to borrow? Borrow only if you can repay!

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