Tax Loan





Dah Sing Tax Loan not only releases your tax burden, but it also provides you with a series of wealth management privileges and the application process is quick and easy. With a loan amount of HK$200,000 or above, you can also enjoy privileged wealth management services1 and a 0% securities brokerage fee offer2.

 

 

Annualized Percentage Rate as low as 3.51%3, plus a waiver of the full handling fee

Loan amount4 up to 6 times your monthly salary

30-minute Approval and Disbursement5

Loan amount directly credited to your designated bank account

Loan tenures from 6 to 24 months
 
Remarks: The monthly repayment amount will be debited from the repayment account on the due date of every month. The monthly repayment amount will be rounded up to the nearest integer. 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. The above annualized percentage rates and monthly repayment amounts may vary for each individual customer.
 
 

Annual Interest Rate as low as P-0.5%

Loan amount4 up to 6 times your monthly salary

First year annual fee waiver and perpetual cash withdrawal fee waiver

Monthly minimum repayment at 3.5% of the statement balance

Credit limit will be restored automatically for continuous use once payment is made

 
Remarks: (i) P refers to the 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 (minimum HK$300; maximum HK$800). The first year's annual fee will be waived for any successful application and disbursement (during the promotion period)
   
 
*Input (1) Name (2) Loan Amount and (3) Repayment Tenure (if applicable) (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. The 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. For customers who successfully apply for and disburse a tax loan in the amount of HK$200,000 or above, he/she must open a Dah Sing VIP Banking Account to enjoy the privileged wealth management services. For details, please refer to the related Dah Sing VIP Banking leaflet.
2.

The Securities Brokerage Fee Waiver Offer is only applicable to customers mentioned in remarks 6 and 7. The offer is applicable to all transactions of stocks listed on the Stock Exchange of Hong Kong, that are processed through Dah Sing Bank i-Securities Services and Automated Phone Banking Service. There is no limit on the transaction amount and number of orders. All transactions must be executed on or before 31 March 2008. Customers are required to pay the brokerage fee upfront (0.25% of the transaction amount, minimum HK$100). The waived amount will be reimbursed to the customer's securities settlement account on or before 30 May 2008. Customers should maintain the relevant securities account, the settlement account and the Dah Sing VIP Banking Account on the reimbursement date.

3. According to the Guidelines of the Code of Banking Practice, for loan amounts of HK$400,000 with a monthly flat rate of 0.163%, the Annualized Percentage Rate is 3.51%.
4. The required loan amount of HK$300,000 or above is applicable only to property owners or preferential customers, including civil servants, professionals, and staff of selected government organizations / public organizations, full-time teachers, staff of tertiary institutions / universities, and staff of selected financial institutions and the Dah Sing VIP Banking Customers.
5. 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 Dah Sing 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 Dah Sing Bank, and should not exceed a loan amount of HK$100,000. Customers should choose to draw the loan at one of the branches. This service is available from 9:00 a.m. to 5:00 p.m. Monday to Friday and from 9:00 a.m. to 12:00 noon on Saturdays, which may be subject to change according to actual circumstances.
6. Star Customers refer to customers who joined the Dah Sing VIP Banking Services before 30 September 2007. Customers should maintain the Dah Sing VIP Banking Account on the disbursement date. Loan tenure should be 12 months or longer.
7. Preferential Customers refer to customers who (i) successfully apply for a tax loan and joined the Dah Sing VIP Banking Services after 30 September 2007; (ii) successfully apply and disburse a tax loan with a loan amount of HK$200,000 or above, and also open a Dah Sing VIP Banking Account in the meantime. Preferential Customers do not include Star Customers mentioned in remarks 6.
8. The above offers are applicable only to customers who successfully apply for and disburse a tax loan from 16 November 2007 to 31 Jananuary 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.