Press Release February 7, 2001


Dah Sing Bank "Express Money" Personal Loan
Responses to Recent Rate Cut
Annualized Percentage Rates Cut for 0.5% Across The Board

Along with the recent down trend in market interest rate, Dah Sing Bank announces new interest rate offer for "Express Money" Personal Loan with reduction of 0.5% on annualized percentage rates across the board.

The new "Express Money" Personal Loan annualized percentage rate is as low as 6.6% (i.e., 0.21% flat p.m.), together with loan limit of up to 5 times monthly salary or HK$500,000 (whichever is lower) and long repayment tenor, ranges from 6 to 48 months, customers can enjoy the best financial service in town.

"Express Money" Newest Interest Rate Table
Loan
Amount
Annualized Percentage Rate
Interest Rate Reduction
Latest Rate
(Flat p.m.)
Monthly Repayment Amount
per HK$1,000 Loan Amount (HK$)
Previous
Latest
12 Months
24 Months
36 Months
48 Months
$400,001-$500,000
7.1%
6.6%
0.5%
Across
The Board
0.21%
$86.29
$45.52
$31.67
$24.77
$100,001-$400,000
10.7%
10.2%
0.36%
$87.80
$47.08
$33.26
$26.39
$50,001-$100,000
11.9%
11.4%
0.41%
$88.31
$47.60
$33.79
$26.93
$20,001-$50,000
13.6%
13.1%
0.48%
$89.01
$48.33
$34.53
$27.68
$5,000-
$20,000
22.2%
21.7%
0.83%
$92.55
$51.97
$38.24
$31.46
Note : The above interest rates are applicable to property owners, civil servants, professionals, educational workers and Dah Sing i-Account / Credit Card customers. The above annualized percentage rates are calculated on 12-month basis. Annualized percentage rates and monthly repayment amount have already incorporated the credit life insurance premium which equals to 1% p.a. flat on the loan amount. If the loan tenor is 18 months or above, the credit life insurance premium will be 2% p.a.. Loan amount for HK$400,001 or above is only applicable to property owners.

Moreover, to provide customers a more convenient way of repayment, all "Express Money" Personal Loan customers can choose to repay their monthly instalments via autopay through Dah Sing Credit Card which offers an extra interest-free period for up to 56 days.

The Bank's General Manager, Ms. Shera Lee said, "Following the United States' easing cycle, Hong Kong lending rates are likely to track US rates downwards, the local economy will see a foreseeable boosting and so as demand for loans. In view of the above, Dah Sing Bank takes a strong start to cut the interest rate on "Express Money" Personal Loan for 0.5%, so as to allow customers to enjoy greater financial flexibility. We will observe the changes in interest rates and may consider to have further adjustment from time to time so as to remain competitive in the market."

For enquiries regarding "Express Money" Personal Loan, please feel free to call our hotline at 28288111.

On-line Application: www. dahsing.com

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