“Your Desired” Tax Loan

"Your Desired” Tax Loan

A tailored and customer centric tax loan scheme with your proposed loan tenor and handling fee. The plan offers flexible loan tenors from as short as 3 months up to 24 months and the handling fee will be pro-rated based on the loan tenor2 which is a good way to avoid unnecessary cost. Furthermore, the customer can enjoy early repayment anytime without early repayment handling fee.

 ● Smart Tip - Key Facts Statement

 

“Your Desired” Tax Loan

Maximum Loan Amount (HK$)

Monthly Flat Rate (APR1)

$2,000,000

0% (2.59%3)

·  Loan amount up to HK$2,000,000 or 12 times of monthly salary (whichever is lower)

·  “Your Desired Tenor”: 3/6/9/12/15/18/21/24 months

·  “Your Desired” handling fee3

·  Early repayment anytime without early repayment handling fee

  

 Example – Based on the loan amount of HK$100,000 and the Annual Handling Fee2 of 1.37% as reference: 

 

Total Handling Fee2 (APR1)

Tenor

“Your Desired” Tax Loan 

General Personal Loan

3 months

0.34% (2.07%)

1.37% (8.64%)

9 months

1.03% (2.54%)

1.37% (3.39%)

18 months

2.06% (2.68%)

2.74% (3.59%)

*All figures are rounded up to 2 decimal places

 

Example – Based on the loan amount of HK$100,000 and the Annual Handling Fee2 of 1.37% as reference:

 

Total Handling Fee2

Tenor

“Your Desired” Tax Loan

General Personal Loan

3 months

$340

$1,370

9 months

$1,030

$1,370

18 months

$2,060

$2,740

(The above examples are illustrative only.)

 

Loan drawdown method

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

Enquiry Hotline : 2305 1886

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” 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. 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 determined according to customers’ financial condition.

2. Customer who has successfully applied for “Your Desired” Tax Loan can enjoy monthly flat rate at 0%. A total handling fee (“Total Handling Fee”) will be charged. Total Handling Fee shall be calculated by multiplying an annual handling fee on the approved loan amount (“Annual Handling Fee”) by the loan tenor. The Total Handling Fee shall be deducted from the loan in full at the time of advancement of the loan. The Total Handling Fee (expressed in percentage per annum) shall be calculated as follows:

          Total Handling Fee (%) = Annual Handling Fee (%) × Loan Tenor (months) ÷ 12

          The Total Handling Fee (expressed in percentage per annum) will be rounded to the nearest 2 decimal places.

3. “Your Desired” Tax Loan is subject to its applicable terms and conditions. Customer may propose the Annual Handling Fee and loan tenor under “Your Desired” Tax Loan and enjoy a waiver of early repayment handling fee. The Company may, in approving and determining the Annual Handling Fee and loan tenor, refer to factors in its absolute discretion, including but not limited to the loan amount, customer’s credit rating and income proof. For example, if the Annual Handling Fee proposed by customer is 1.37% per annum and the loan amount is $100,000, when approval is obtained from the Company, the APR for 6 months, 12 months and 24 months are 2.41%, 2.59% and 2.71% respectively. 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 “Your Desired” Tax Loan. In case of any dispute, the decision of the Company shall be final and conclusive and binding on the Customer.

The “Your Desired” Tax Loan is 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.

3 ways to apply

Visit our branches with your supporting documents