"Your Desired Interest"

Tax Loan

"Your Desired Interest" Tax Loan

“Your Desired Interest” Tax Loan allows customers to propose their desired tax loan annualized percentage rate (“APR”)1,2 and enjoy the 1-month “Interest-Free Skip-Payment" offer3.

 ● Smart Tip - Key Facts Statement

 

“Your Desired Interest” Tax Loan

Maximum Loan Amount (HK$)

APR1

$2,000,000 or 12 times of monthly salary (whichever is lower)

Your desired rate2

Loan drawdown method

Directly pay to Inland Revenue Department by OCBC Wing Hang Credit or credit to customer's designated bank account.

Enquiry Hotline : 2687 0208

Note:

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 “Your Desired Interest” Tax Loan and provides the loan and related 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. An APR is a reference rate which includes the basic interest rates, other fees and charges of a product expressed as an annualised rate. APR is determined according to customers’ financial condition.

2.“Your Desired Interest” Tax Loan is subject to its applicable terms and conditions. The customer may propose the rate and loan tenor and subject to the Company’s approval, such rate will be equivalent to the APR. The Company may, in determining the final APR and loan amount and loan tenor, refer to factors in its absolute discretion, including but not limited to the APR provided by other banks and/or financial institutions in the market with the same loan amount and loan tenor, customer’s credit rating and income proof. The Company reserves the final right and decision on the approval of the final APR, loan amount, loan tenor and the terms and conditions of the loan. In case of any dispute, the decision of the Company shall be final and conclusive and binding on the customer.

3. Customer who has successfully applied for and successfully drawn down the entire loan during the period from 17th October 2019 to 29th February 2020, both dates inclusive, will be automatically entitled to the “Interest-Free Skip-Payment” offer which shall consist of a waiver of interest for the first calendar month from the date of draw down and a deferral of due date for the first monthly instalment for one calendar month. Save as aforesaid, the terms and conditions of the Note/Loan Confirmation Letter shall remain unchanged. For example, if the loan drawdown date is 17th October 2019, the original due date of the first instalment is 17th November 2019. The due date of the first instalment will be changed to 17th December 2019 instead under the “Interest-Free Skip-Payment” offer. Customer is entitled to a waiver of interest for the period between 17th October 2019 and 16th November 2019.

The “Your Desired Interest” Tax Loan and the “Interest-Free Skip Payment” offer are subject to the terms and conditions of the product, the related loan application form and loan documents. For the terms and conditions and charges, please contact the staff of the Company. Loan amount, interest rate, monthly repayment amount and repayment tenor applicable to each 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 has the absolute discretion to reject the application from time to time without specifying any reasons. The Company may amend, terminate or cancel the above offers and the related terms and conditions without prior notice. The Company reserves all the final decision on determining the interest rates, final APR, loan amount, loan tenor, amending the terms and conditions, approving loan application and any abovementioned offers. Reference will be made to the customer’s credit reports and the Company reserves the right to reject the application without specifying any reasons. Should any disputes arise in connection with the above services, the interpretation and decision of the Company should be final, conclusive and binding on the customers.

The English version shall prevail if there is any inconsistency between the English and Chinese versions.

Notes to consider whether to make early repayment, please refer to "FAQ" of this website.

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

For more details or enquiries, please visit our branches, or contact us.

3 ways to apply

Visit our branches with your supporting documents