Credit Mastermind Instalment Loan

 





The Credit Mastermind Instalment Loan provides you with a "one-stop" loan service to enable you to consolidate all of your credit cards and personal loans into a single loan. An additional loan service helps you pay tax to the IRD via our bank1, therefore saving you more interest payments with this convenient loan service.
 
ĄD Loan amount is up to HK$800,000 or 18 times of monthly income (whichever is lower)
ĄD Loan tenor up to 7 years 2
ĄD Privilege personalised interest rates
ĄD Our Credit Consultant will tailor-make a repayment plan to enable you to consolidate all your loan outstandings and make repayments simpler
   
 
 
  *Input (1) Name (2) Loan Amount and (3) Repayment Tenor (e.g. Lam Siu Man, 50000, 24). Our bank will have a designated staff member to follow up with the customer by calling the number from which the SMS was sent on the next working day after receiving the SMS. Individual telephone network provider will charge a fee for the SMS in accordance with their fee charging schedules.
 
 
Remarks:
  1. Maximum tax loan amount is 100% of tax bill amount, minimum tax loan amount is HK$5,000. Applicants need to provide their 2006/07 tax demand note, including the first 2 pages. If a customer chooses to have Dah Sing Bank pay his / her tax on his / her behalf to the IRD, Dah Sing Bank will pay the partial or full tax amount to the IRD on the customer's behalf within 5 working days of the drawdown date. Should there be any delay during the application process, and the payment to the IRD is not made on time, Dah Sing Bank will not be responsible for any surcharge incurred. If the approved amount is less than the tax payment amount, customers are required to make their own arrangements to pay the difference to the IRD. Applicants must be employed for more than 6 months in current employment with monthly income of HK$8,000 or above .
  2. The maximum tenor of balance transfer is 84 months . Loan tenure of 73 months or longer is available only to civil servants. The tenor of tax loan is from 12 to 24 months.
  3. The example is for reference purposes only. For credit card, the total interest expense is calculated based on a minimum payment of 5% and the relevant monthly repayment amount is the average monthly repayment amount for the first 12 months. The tenor is 239 months assuming a credit card loan amount of HK$250,000 and an annual rate of 30% (Annualized Percentage Rate of 34.49%). The Annualized Percentage Rate, the monthly repayment amount, the tenor and the total interest expense of the credit card are calculated according to the Guidelines of Code of Banking Practice.
  4. According to the Guidelines of Code of Banking Practice, for loan amount of HK$250,000, loan tenor of 60 months and with monthly flat rate of 0.4%, the Annualized Percentage Rate is 11.48%, with a credit life premium of 1% p.a. included.
  5. According to the Guidelines of Code of Banking Practice, for loan amount of HK$30,000, loan tenor of 24 months and with monthly flat rate of 0.2%, the Annualized Percentage Rate is 6.67%, with a credit life premium of 1% p.a. included.
  6. The above interest rate, credit life premium, monthly repayment amounts, tenor and interest savings may vary for each individual customer and upon the final approval of Dah Sing Bank.
  7. The above offers are applicable only to customers who successfully apply and disburse the loan from 16 Nov 2007 to 31 Jan 2008. Dah Sing Bank reserves the right to amend the above offers, and their terms and conditions without prior notice. The acceptance of an application shall be at the sole, absolute discretion of Dah Sing Bank, without exception.