Dah Sing Tax Loan
Three Ways to Settle Your Tax Payment

 
Tax Loan Referral Program, HK$100 for Every Referral
 
   

You must know how to save, spend and choose wisely when you choose a Tax Loan! The Dah Sing Tax Loan brings you not only an unbeatable annual interest rate as low as 2.76%, but also allows you to disburse the total loan amount for your own use and enjoy a lifetime lowest interest rate guarantee1! In addition, you can choose to repay your loan in regular monthly installments or on a revolving basis, paying the minimum amount to lessen your tax burden.
   
Installment Loan
 
• Monthly flat rate as low as 0.04% for the whole tenure (equivalent to annualised percentage rate of 2.76%)
• Loan amount as high as twice your tax amount or HK$500,0002 (whichever is lower)
• Loan tenure from 6 to 24 months to best fit your settlement plan
• Flexible loan disbursement method; loan amount can be
 
(1) directly credited to your designated bank account or collected by cashier’s order, or
(2) paid to the IRD on your behalf3
   
 
Loan Amount
(HK$)
Full Loan Amount for
Customer’s Own Use
Partial or Full Loan Amount
Paid to the IRD
Monthly
Flat Rate
(Annualised Percentage Rate)
Monthly Repayment Amount for Every Loan Amount of HK$1,000
Monthly
Flat Rate
(Annualised Percentage Rate)
Monthly Repayment Amount for Every Loan Amount of HK$1,000
$400,000 -
$500,000
0.05%
(2.99%)
$84.67
0.04%
(2.76%)
$84.57
$20,000 -
$399,999
0.11%
(4.36%)
$85.28
0.10%
(4.13%)
$85.18
$5,000 -
$19,999
0.30%
(8.79%)
$87.20
0.25%
(7.61%)
$86.69
 
Remarks: The above annualised 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 credit life premium of 1% p.a. is included.
   
Revolving Loan
 
• Annual interest rate as low as P- 0.5% for the whole term, with interest calculated on a daily basis to reduce your expenditure
• Loan amount as high as twice your tax amount or HK$500,0002 (whichever is lower)
• First-year annual fee waiver and perpetual cash withdrawal fee waiver
• No fixed tenure and a minimum monthly repayment of only 5% of your statement balance (minimum HK$50)
• Your credit limit will be restored automatically as soon as you make a repayment
• Flexible loan disbursement method
   
 
Credit Limit ( HK$ )
Interest Rate p.a.
Full Loan Amount for
Customer’s Own Use
Partial or Full Loan Amount
Paid to the IRD
$400,000 - $500,000
P+0.5%
P-0.5%
$20,000 - $399,999
P+0.75%
P
$10,000 - $19,999
P+3.5%
P+3%
$5,000 - $9,999
P+6.5%
P+6%
 
Remarks: (i) P refers to Dah Sing Bank Hong Kong Dollar Prime Rate.
  (ii) Annual fee is 1% of credit limit (min. HK$300; max. HK$700). First-year annul fee will be waived for successful applicants during the promotion period till March 31, 2005.
   
Apply Now! Take advantage of our 30-minute Approval and Disbursement4! You can also apply for the loan with others5 to enjoy a lower interest rate by aggregating the loan amount.
Dah Sing e-Banking User Other User
 
 
Call our Loan By Phone Hotline on 2828 8111 or visit any of our Dah Sing Branches.
 
Remarks:
1. Customers who apply for and disburse a Tax Loan successfully during the promotion period from November 8, 2004 to March 31, 2005 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. A loan amount of HK$300,000 is applicable only to property owners or preferential customers, including civil servants, professionals, teachers, and staff of the Hospital Authority and financial institutions, as well as customers of the Dah Sing Credit Card Star Reward Program.
3. If a customer chooses to have Dah Sing Bank pay his / her tax on his / her behalf, Dah Sing Bank will deduct the first tax instalment / full tax amount (whichever is applicable) from the approved loan amount / credit limit and pay the amount to the IRD on the customer’s behalf within three 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 the surcharge incurred. If the approved amount is less than the tax payment amount, customers are required to make arrangements on their own to pay the difference to the IRD.
4. The 30-Minute Approval and Disbursement service is applicable to customers who apply by phone or in person at branches, and submit all required documents and information on the date 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 with the customer, and is available from 9:00am to 4:30pm 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 apply for an installment loan or a revolving loan together and disburse the loan at the same time in order to enjoy the interest rate determined by the aggregated loan amount. Such interest rate will be subject to the disbursement method chosen by individual applicant.
6. The above offers are applicable only to customers who apply for and disburse a Tax Loan on or before March 31, 2005. The acceptance of the application, the loan amount granted, the interest rate and the loan tenure shall be at the sole absolute discretion of Dah Sing Bank without exception.