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Dah Sing Bank Extends the Service Hours for All Branches
And
Offers Instant Approval Service for Personal Loans and Credit Card
Dah Sing Bank announces, effective March 6, 2000, the service hours for all its 39
branches will be extended to 6:30 p.m. from Monday to Friday. The objective of
such extend-hour arrangement is to facilitate customers to enjoy the bank's
services even after office hours. To tie in with such new arrangement,
Dah Sing Bank has offered a host of banking privileges including personal loans,
credit card and mortgages.
1. Instant Approval and Disbursement for Express Money Revolving Loan
Apart from offering an interest rate of 8.08% p.a.
which is even lower than the current Prime Rate, customers who successfully apply
for the Express Money before Mar 31, 2000 will enjoy an extra cash reward of HK$1 for
every HK$200 borrowed, and up to a maximum of HK$2,500. Besides, customers can also enjoy
an instant approval and disbursement service in all Dah Sing branches.
For Preferential Customer
| Loan Amout (HK$) |
Interest Rate (p.m. flat) |
Annual Interest Rate |
| $400,001 - $500,000 |
0.27% |
8.08% |
| $100,001 - $400,000 |
0.38% |
10.68% |
| $50,001 - $100,000 |
0.43% |
11.88% |
| $20,001 - $50,000 |
0.50% |
13.56% |
| $5,000 - $20,000 |
0.85% |
22.23% |
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For Normal Customers
| Loan Amount (HK$) |
Interest Rate (p.m. flat) |
Annual Interest Rate |
| $100,001 or above |
0.45% |
12.36% |
| $50,001 - $100,000 |
0.50% |
13.56% |
| $20,001 - $50,000 |
0.63% |
16.74% |
| $5,000 - $20,000 |
1.00% |
26.07% |
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The above Annual Interest Rate is calculated based on 12-month installments and credit life insurance premium is inclusive. Preferential customers include property owners, civil servants, professionals, educational workers and DSB credit card customers.
2. Instant Approval for Credit Cards
To enable customers to apply for Dah Sing Credit Card and Octopus Auto Add-Value
Service more conveniently, all Dah Sing branches will provide instant approval service
for Dah Sing credit cards provided that customers can supply any credit card sales slip
issued within the last 3 days. No income proof is required on the spot and they can
get a preliminary approval result. Moreover, successful applicants for Dah Sing Credit
Card before March 31, 2000 can enjoy first 2-year annual fee waiver and a
free welcome gift.
3.Mortgage Loan New Offers
For mortgage loan, Dah Sing Bank launched 3 new plans
to suit the needs of different customers. In addition, customers can now visit
Dah Sing Bank website to apply mortgage loan via internet and result will be
notified instantly.
New Mortgage Offers
| Plan |
Interest Rate |
Cash Rebate |
Other Benefits |
| Plan 1 |
Prime rate for entire loan tenor |
3.375% |
Waiver of valuation fee and handling fee
Free fire insurance premium for the first year
Perpetual annual fee waiver of DreamHome Visa |
| Plan 2 |
Prime rate -1% for the first 5 years; thereafter at prime rate |
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| Plan 3 |
At HIBOR (1-month) + 1.75% and cap at prime rate |
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For property aged 20 or above, registered under company's name
and leased property :
| Interest Rate |
Cash Rebate |
| Prime Rate for entire loan |
1% |
The Bank's Deputy General Manager, Ms Shera Lee said, "As the banking industry is getting more competitive and everything seems to be technology-driven, service provided by traditional branch network must be enhanced and upgrade so that we can achieve not only better utilization in different channels, but also satisfy our customers' needs."
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