![]() ![]() Interest is the extra amount of money paid for using the lender's money. It's natural for a borrower to be concerned about paying back the loan as the repayment involves both the principal amount as well as the interest. The Early Repayment Loan Calculators is helpful for managing all kinds of loan repayments be it a personal loan, a car loan or a home loan. For enquiry, please call our hotline at (852)2233 3000.Make the Best Decisions with the Early Repayment Loan Calculator Please note that we do not appoint any third parties to refer Personal Instalment Loan applications to us and will not process any application that was referred by a third party under beneficial arrangement.The Bank reserves the final right of allowing customers to redraw or not and has sole discretion to determine the redrawn amount and tenor. Minimum redraw is HKD3,000 and you must have had a Personal Instalment Loan account for at least 3 months.Processing time may vary in some cases depending on the actual circumstances of individual applications. The actual turnaround time starts when all the required information is successfully input into the Bank's application evaluation system and the Bank may provide the instant application result and fund disbursement. Applications have to be submitted during the Bank's service hours (Monday to Friday: 9 am - 8 pm, Saturday: 9 am - 5 pm, Sunday and public holidays: 12 noon - 12 midnight, or individual branch's opening hours) with all required information (including without limitation a valid HSBC banking account number) and documents.For a repayment period of 24 months, customer are entitled to a HKD500 cash rebate for an approved Loan amount of HKD200,000 to less than HKD300,000, or a HKD800 cash rebate for an approved Loan amount of HKD300,000 to less than HKD1,000,000, or a HKD1,500 cash rebate for an approved Loan amount of HKD1,0000,000 or above for a repayment period of 24 months above, customer are entitled to a HKD1,000 cash rebate for an approved Loan amount of HKD200,000 to less than HKD300,000, or a HKD1,500 cash rebate for an approved Loan amount of HKD300,000 to less than HKD1,000,000, or a HKD3,000 cash rebate for an approved Loan amount of HKD1,000,000 or above. To be eligible for a cash rebate of up to HKD3,000 under the Successful Application Offer, customers must submit a Loan application and the Loan must be approved during the promotional period. This Document Submission offer is not applicable to loan applications on which we do not require submission of any supporting document. To be eligible for a cash rebate of HKD300 under the Document Submission Offer, customers must submit the supporting document(s) required by us for a Loan application and a Loan of HKD200,000 or above must be approved during the promotional period.If you accept the Loan details, we will credit the Loan into your repayment account according to normal procedure. The Bank will inform you on the finalised Loan details. If your Loan application cannot fulfil our credit requirement, the Bank may still process your application on a case-by-case basis, but the interest rate, handling fee, repayment period and/or promotional offer may be adjusted. The interest rate that will apply and the amount of interest that will be charged are calculated based on the approved Loan amount and the repayment period. For your applicable interest rate, please call our hotline 2748 8080 log on to Online Banking or the HSBC HK App. An APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualised rate. The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. Based on a monthly flat rate of 0.08%, the Annualised Percentage Rate (APR) would be 1.80% over a repayment period of 12 months. ![]() Only applicable to customers who have successfully applied for and drawn down the loan during the promotional period which commences on and ends on, both dates inclusive (the "Promotional Period") with an approved loan amount of HKD1,500,000 or above.
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