Tax Loan
Monthly Flat Rate as low as 0.09%



Dah Sing Tax Loan offer you monthly flat rate as low as 0.09% with loan amount up to 3 times the amount of your Tax Bill1 and instant cash in 30 minutes2. From now on, you will be worry-free in the tax season!

 
   
 
¡E Monthly Flat Rate as low as 0.09% (Annualized Percentage Rate 3.96%)
¡E Loan amount up to 3 times the amount of your Tax Bill or HK$500,0001 (whichever is lower)
¡E Flexible Disbursement Method:
  (1) Directly credited to your designated bank account, or collected by Cashier's Order, or
  (2) Paid to the Inland Revenue Department (IRD) via our Bank 3
¡E Loan tenor from 6 to 24 months
 
Remarks: The above annualized percentage rates and monthly repayment amounts are calculated according to the Code of Banking Practice, subject to a 12-month loan tenure and a loan amount of HK$10,000, with a credit life premium of 1% p.a. included.
     
 
• Annual Interest Rate as low as P-2% , with interest calculated on a daily basis to reduce your expenditure. No interest will be charged on the unused credit limit
• Loan amount up to 3 times the amount of your Tax Bill or HK$500,0001 (whichever is lower)
• First year annual fee waiver and perpetual cash withdrawal fee waiver
• Flexible Disbursement Method3 same as that of Instalment 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.
     
* Our ank 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.
 
Dah Sing e-Banking User Other User
 
Remarks:
1. A loan amount of up to 3 times the amount of the tax bill is only applicable to full payment to the IRD (include first and second instalment) 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 or above 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, staff of selected financial institutions, customers of the Dah Sing Credit Card Star Reward Program and Dah Sing VIP Banking Customers.
2. The "30-Minute Approval and Disbursement" is applicable only to phone-in or walk-in customers who submit all of the required documents on the application date. The process starts from the moment that the Bank¡¦s staff confirm receipt of all required documents and information with the customers. The application should comply with the general loan approval procedures of the Bank, and should not exceed a loan amount of HK$100,000. Customers should choose to draw the loan at branches. This service is available from 9:00 am to 5:00 pm Monday to Friday and from 9:00 am to 12:00 noon on Saturdays, which may be subject to change according to actual circumstances.
3. 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 will be collected by 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.
4. 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 a lower interest rate.
5. The above offers are applicable only to customers who successfully apply and disburse the loan from Nov 8 2006 to Feb 28 2007. Dah Sing Bank reserves the right at any time to terminate the offers of this promotion and to amend the related terms and conditions from time to time. The acceptance of the application, the loan amount granted, interest rate, and loan tenure (if applicable) shall be at the sole absolute discretion of Dah Sing Bank without giving reason.