Tax Loan
3 Steps to paying tax easily

 

Dah Sing Tax Loan shows you the easy way to pay tax in 3 steps:

(1) A low interest rate
(2) 2 methods of loan disbursement; and
(3) 3 times your tax bill amount!

Upon completion of a successful application, you can enjoy a Lifetime Lowest Interest Rate Guarantee offer1. From now on, paying tax is just as relaxing as dancing.

 
   
 
¡E A low interest rate. Monthly Flat Rate as low as 0.12%.
¡E 2 Methods of loan disbursement
  (1) Directly credited to your designated bank account, or collected by Cashier¡¦s Order, or
  (2) Paid to the Inland Revenue Department (IRD)2 via our Bank, without the worry of missing your payment deadline
¡E 3 times your tax bill amount. Loan amount up to 3 times the amount of your tax bill or HK$500,0003 (whichever is lower)
¡E Loan tenure from 6 to 24 months
 
Remarks: The above annualized percentage rates and monthly repayment amounts are calculated according to the basis set out in the Code of Banking Practice, subject to a 12-month loan tenure and a loan amount of HK$10,000. Credit life premium of 1% p.a.is included. The above annualized percentage rates and monthly repayment amounts may vary for individual customer.
     
 
• Annual Interest Rate as low as P-0.5% for the whole term, with interest calculated on a daily basis to reduce your expenditure. No interest will be charged on the unused overdraft limit
• Loan amount up to 3 times the amount of your Tax Bill or HK$500,0003 (whichever is lower)
• First year annual fee waiver and perpetual cash withdrawal fee waiver
• Flexible Disbursement Method same as that of Installment Loan
• No fixed tenure with a minimum monthly repayment of only 5% of the statement balance
• Your credit limit will be restored automatically for your continuous use once you make a repayment
 
Remarks: (i) P refers to Dah Sing Bank Hong Kong Dollar Prime Rate or 1-month HIBOR (whichever is higher).
  (ii) The annual fee is 1% of the credit limit (min. HK$300; max. HK$800). The first year's annual fee will be waived for any successful applicant who disburses Tax Loan during the promotion period.
     
Apply Now! Approval and Disbursement can be done in as quickly as 30 minutes4! You can also apply for a Tax Loan with others, and aggregate the loan amount to enjoy a lower interest rate5.
 
Dah Sing e-Banking User Other User
 
You can apply by either calling our 30-Minute Loan-By-Phone Hotline on 2828 8111, or visit any of our branches.
 
Remarks:
1. Customers who apply for and disburse Tax Loan successfully during the promotion period from November 7 2005 to February 28 2006 will be entitled to the ¡§Lifetime Lowest Interest Rate Guarantee¡¨. The prevailing lowest interest rate provided by Dah Sing Bank according to the requested loan amount will be offered if customers apply for and disburse an Installment Tax Loan successfully, keep good repayment records, and do not settle the loan early over the subsequent consecutive years.
2. 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 first tax installment / full tax amount (whichever is applicable) to the IRD on the customer's behalf within 5 working days of the drawdown date. The residual loan amount (if applicable) will be directly credited to the customer's designated bank account, or collection of a cashier's order. 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.
3. A loan amount of up to 3 times the amount of the tax bill is only applicable to full payment to the IRD on the customer's behalf by Dah Sing Bank. The loan amount for other customers is up to twice the amount of their tax bill. The loan amount of HK$300,000 is applicable only to property owners or preferential customers, including civil servants, professionals, staff of selected government organizations / public organizations, full-time teachers, staff of tertiary institutions / universities, customers of the Dah Sing Credit Card Star Reward Program and Dah Sing VIP Banking Customers.
4. The 30-Minute Approval and Disbursement service is applicable to customers who apply by phone or at branches in person, and submit all the required documents and information at the time of application. The application should meet the requirements of the Bank's normal approval procedures, and loan amounts should not exceed HK$100,000. The 30-Minute Approval and Disbursement is counted from the moment that Bank staff confirm receipt of all required documents and information from customers, and is available from 9:00am to 5:00pm Mondays to Fridays, and from 9:00am to 12:00pm on Saturdays. This service may be subject to change according to actual circumstances.
5. For joint applications, the joint applicants must both apply for an installment loan or a revolving loan together and disburse the loan at the same time to enjoy the lower interest rate determined by the aggregated loan amount.
6. The above offers are applicable only to customers who successfully apply and disburse the loan from Nov 7 2005 to Feb 28 2006. Dah Sing Bank reserves the right to amend the above offers and their terms and conditions without prior notice. The acceptance of the application, the loan amount granted, interest rate, and loan tenure shall be at the sole absolute discretion of Dah Sing Bank without exception.