Press Release March 23, 2000


Dah Sing Bank Newly Launched HOS Re-financing New Offer
with Cash Rebate of HK$8,888

Under keen competition in the mortgage loan market, Dah Sing Bank announced its new mortgage loan offers. After the Bank's recent enhancement on its cash rebate for mortgage loan to 3.375%, the Bank further enhanced the cash rebate for Home Ownership Scheme (HOS) re-financing loan to HK$8,888.

To enjoy the cash rebate of HK$8,888, customers only need to transfer their existing HOS mortgage to Dah Sing Bank. Customers can then enjoy the cash rebate for any purpose such as payment of legal fee, and re-financing handling fee charged by Housing Authority, etc. In other words, they can transfer not only their mortgage at no cost, but may also have extra cash for their own spending.

In addition, Dah Sing Bank offered HOS re-financing loan customers a privileged rate of P-1% throughout the tenor. It helped customers save more interest expenses on top of the cash reward. To offer extra convenience, customers can enjoy instant approval service through their application hotline, via internet, or by visiting any Dah Sing branches.

The Bank's Deputy General Manager Ms. Shera Lee said, "Obviously, all customers are looking for the best mortgage loan offer. As the mortgage loan market is getting more competitive, we strive to offer the most benefits and greatest financial flexibility. Therefore, we have enhanced our cash rebate to HK$8,888, which in fact is the best offer in the market for the time being. Moreover, we also provide instant approval service at our branches or via internet in order to deliver the most comprehensive mortgage loan services to our customers."