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Dah Sing Bank Announced Rate Reduction
for Personal Loan and Mortgage
Dah Sing Bank announces new offers of Express Money Revolving Loan and
mortgage loan to react to the recent intense market competition.
| 1. |
Express Money Revolving Loan Rate Cut to as Low as 0.23%p.m. |
| |
Dah Sing's Express Money Revolving Loan offers interest rate
as low as 0.23% per month. Moreover, customers can enjoy instant
approval and loan disbursement service via any Dah Sing Bank's
branches, loan-by-phone or online applications |
| |
| |
|
| For Preferential Customer |
For Normal Customers |
|
Loan Amount
(HK$)
|
Interest Rate
(p.m. flat)
|
Annual Interest
Rate
|
|
$400,001 - $500,000
|
0.23%
|
7.14%
|
|
$50,001 - $100,000
|
0.38%
|
10.68%
|
|
$50,001 - $100,000
|
0.43%
|
11.88%
|
|
$20,001 - $50,000
|
0.50%
|
13.56%
|
|
$5,000 - $20,000
|
0.85%
|
22.23%
|
|
|
Loan Amount
(HK$)
|
Interest Rate
(p.m. flat)
|
Annual Interest
Rate
|
|
$100,000 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
on a 12-month installment basis with credit life insurance premium
inclusive. Preferential customers include property owners, civil
servants, professionals, educational workers and DSB credit
card customers. Loan amount of HK$400,001 or above is applicable
to property owners and loan tenor should be 18 months or above. |
| 2. |
P-2.25% for Entire Loan Tenor for Mortgage and Providing
Mortgage Insurance |
| |
Dah Sing Bank offers newly launched Mortgage Insurance. For
customers who apply for 90% mortgage, they can choose either
cash rebate of 6% or free mortgage insurance coverage and stamp
duty. Interest rate will be at Prime for the first 3 years and
thereafter at Prime-2%. |
| |
|
Plan
|
Interest Rate
|
Other Offers
|
|
1
|
P for the first 3 years;
thereafter at P-2%
|
Cash Rebate of 6% + Legal
Fee Allowance of HK$5,000
|
|
2
|
Mortgage Insurance Coverage
+ Stamp Duty + Legal Fee Allowance of HK$5,000
|
|
| |
|
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Moreover, we also lower the mortgage rate to P-2.25% for the
other mortgage plans. Customers who successfully apply and drawdown
mortgage loan on or before September 30, 2000 can enjoy privileged
interest rate of P-2.25% for the entire loan tenor. HOS mortgage
customers can also enjoy a cash reward of HK$10,000. |
| |
|
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Residential Property Mortgage Offer (applicable to primary
market, secondary market & refinancing) |
| |
|
Plan
|
Interest Rate
|
Cash Rebate
|
Legal Fee Allowance
|
|
1
|
P-2.25% for entire loan
tenor
|
-
|
HK$5,000
|
|
2
|
P for the first 3 years;
thereafter at P-2%
|
6%
|
HK$5,000
|
|
3
|
1- month HIBOR + 1.75%,
cap at Prime, for entire loan tenor
|
-
|
HK$5,000
|
|
| |
|
| |
HOS Offer |
| |
|
Plan
|
Interest Rate
|
Cash Rebate
|
Legal Fee Allowance
|
|
1
|
P-2.25% for entire loan
tenor
|
HK$10,000
|
-
|
|
2
|
P-0.25% for the first
2 years; Thereafter at P-2.25%
|
4%
|
HK$3,000
|
|
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The Bank's Deputy General Manager, Ms Shera Lee said, "Along with the
increasing demand of the personal loan products and current keen competition
in the loan market, the price cut on both personal loan and mortgage will
help us sustaining our competitiveness. In the meantime, we will observe
the changes in the loan market and may consider to have further adjustment
from time to time in order to keep our competitive advantages in the market."
For enquiries regarding Dah Sing Bank's products, please feel free to
call our hotline at 2828 8000. On-line Application www.dahsing.com.
- End -
For enquiries regarding the press release, please feel free to contact
::
Ms. Shera Lee
Deputy General Manager, Dah Sing Bank
Tel : 2507 8916
E-mail Address: sheralee@dahsing.com
Ms. Angel Chung or Ms. Alice Fong
Chung & Tang Communications Consultants
Tel : 2861 3021
E-mail Address: chungcom@asiaonline.net
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