"Interest-Free" Tax loan

  ● Smart Tip - Key Facts Statement, Terms and Conditions, Reminders about Responsible Borrowing, “Up to HKD5,000 Supermarket Cash Coupon promotion” Terms and conditions,“Apple Store Gift Card Offer” Terms and conditions, "Interest-Free" Tax loan Terms and conditions

Notes regarding the "Interest-Free" Tax loan:

1. Enjoy 0% monthly flat rate upon successful "Interest-Free" Tax loan application. Customer has to pay for a handling fee on the approved loan amount per annum. The handling fee shall be determined by the Company at its absolute discretion according to loan amount, customer’s credit rating and income proof and other factors.  The handling fee shall be added onto the loan amount and to be paid together with the monthly instalments.

2. 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 1.68% to 36% generally and the minimum repayment period and maximum repayment period is of 12 months to 24 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 $1,500,000, the monthly flat rate for 12 months and 24 months is 0%, if the loan is approved finally by the Company, the APR for 12 months and 24 months is 1.68% and 2.38%, with a handling fee of 0.91% and 1.235% per annum included, the total loan repayment amount is HK$1,513,656 and HK$1,537,056. The loan handling fee is added onto the loan amount and paid together with the monthly repayments. 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.

3. Eligible Customers means the customer who:

i) applied for and drawdown the “Interest-Free” Tax Loan with an approved loan amount of HK$500,000 or above and loan tenor of 24 months or less; and

ii) applied and opened a deposit account for Premier Banking with OCBC Wing Hang Bank Limited and deposit designated amount of new funds into the said account within 1 month before or after the approval date of the loan. The customers are also bound by the terms and conditions herein, and the terms and conditions of the relevant account opening documentation and Note as well as all other terms and conditions applicable to them respectively. Please contact the customer service officer of the Company for details.

4. The promotion period of the "Up to HKD5,000 Supermarket Cash Coupon promotion" and “Apple Store Gift Card Offer” (“Promotion”) is from 1 January 2023 to 31 March 2023, both dates inclusive (“Promotion Period”). 

5. It comprises the total sum of up to HK$5,000 Supermarket Cash Coupon and $500 Apple Store Gift Card under the Promotion.

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

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 "Interest-Free" Tax 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.

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!