Credit Mastermind Instalment Loan

 




The Credit Mastermind Instalment Loan consolidates all of your credit cards and personal loans into a single loan to ease your burden.
 
ĄD Up to HK$1,600 cash rebate1
ĄD Privileged personalised monthly flat rate as low as 0.3%2
ĄD Loan amount is up to HK$800,000 or 18 times of monthly income (whichever is lower)
ĄD Loan tenor up to 7 years3
ĄD All branches will provide credit consultant services which will tailor-make a repayment plan to enable you to consolidate all your loan outstandings
   
 
 
  *Input (1) Name (2) Loan Amount and (3) Repayment Tenor (e.g. Lam Siu Man, 50000, 24). Our bank will have a designated staff member to follow up with the customer by calling the number from which the SMS was sent on the next working day after receiving the SMS. Individual telephone network provider will charge a fee for the SMS in accordance with their fee charging schedules.
 
 
Remarks:
  1. Up to HK$1,600 cash rebate offer ("the Promotion Offer") is only applicable to customers who successfully apply and disburse the loan from 28 January to 30 April 2008. The Promotion Offer will be in the form of a cash rebate and the cash rebate amount will be credited into the eligible repayment account on or before July 2008. The amount of rebate equals: drawdown amount x 0.2%. To enjoy the Promotion Offer, the customer's repayment account must be valid, have a good repayment record and without early settlement. If customer has any early settlement during repayment period, customer will be subject to an early repayment penalty and refund of full cash rebate amount.
  2. According to the Guidelines of Code of Banking Practice, subject to a loan amount of HK$250,000, a 48-month loan tenure and a monthly flat rate 0.3%, t he Annualized Percentage Rate is 9.16%, with a credit life premium of 1% p.a. included.
  3. Loan tenure of 73 months or longer is available only to civil servants.
  4. The example is for reference purposes only. For credit card, the total interest expense is calculated based on a minimum payment of 5% and the relevant monthly repayment amount is the average monthly repayment amount for the first 12 months. The tenor is 239 months assuming a credit card loan amount of HK$200,000 and an annual rate of 30%. The Annualized Percentage Rate, the monthly repayment amount, the tenor and the total interest expense of the credit card are calculated according to the Guidelines of Code of Banking Practice.
  5. Minimum monthly income of applicants must be at least HK$8,000.
  6. The above interest rate, credit life premium, monthly repayment amounts, tenor and interest savings may vary for each individual customer and upon the final approval of Dah Sing Bank. Dah Sing Bank reserves the right to amend the above offers and their terms and conditions at any time without prior notice.