Revolving Instalment Loan enables you to be entitled to the right of redrawing the amount which is not more than the loan principal repaid. You are not required to re-submit application documents. The whole process is simple and quick, which give you cash instantly.
● Smart Tip - Key Facts Statement
Customer can choose to fax the "Reply Form For Redrawing Revolving Instalment Loan" to 2834 2266.
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 Revolving Instalment Loan and provides related loan services. Customer can submit application through the branches of the Company and OCBC Wing Hang Bank Limited. To enquire the relevant terms and conditions, please contact the staff of the Company.
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. 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 with a handling fee of 1% per annum included. The loan handling fee is to be paid in full upon loan drawdown. Applicable to the above APR and loan amount, the median loan amount is HK$800,000, HK$650,000, HK$400,000, HK$250,000, HK$150,000 and HK$75,000 respectively. 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.
Customer must have had a Revolving Instalment Loan account for at least 3 months and had paid at least 3 instalments, and without any overdue record or in breach of the terms and conditions of the plan in order to be entitled to the right of redrawing the amount which is not more than the loan principal repaid. The minimum redrawn amount is HK$3,000 each time. OCBC Wing Hang Credit Limited (“the Company”) reserves the final right to the approval of the loan application and the loan amount granted.
Customers who are entitled with the offer of Revolving Instalment Loan (the “Offer”) and the Production are bound by the terms and conditions of this program, related loan application form and loan documents. The Company is a wholly-owned subsidiary of OCBC Wing Hang Bank Limited (“OCBC Wing Hang Bank”). The Company handles the application of revolving instalment loan and provide this loan and related loan services. Customers can submit the application to the Company and the branches of OCBC Wing Hang Bank. For details, please contact the staff of the Company.
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, terminate or cancel the Promotion and amend the terms and conditions at any time without prior notice. 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.