| 1. |
The promotion period is from 1 March to 30 April 2010 (the “Promotion Period”). |
| 2. |
The “First month $1 interest” offer is only applicable to customers who successfully apply for and drawdown an Express Money Instalment Loan during the Promotion Period. Customers should make monthly repayments on the repayment due date (including interest), and the “First month $1 interest” offer will be offered to eligible customers in the form of a cash rebate (“Interest Rebate”). The Interest Rebate is calculated as follows: Drawdown Loan Amount x Monthly Flat Rate - HK$1. The Interest Rebate will be rounded to the nearest integer. The Interest Rebate will be calculated based on a HK$500,000 loan amount, if the drawdown loan amount is greater than HK$500,000. |
| 3. |
On the assumption of a HK$475,000 loan amount and monthly interest rate applicable to Selected Customer of 0.189%, the annualized percentage rate including Interest Rebate is 3.88% and is applicable to Selected Customers only. For details on Selected Customers, please refer to point (9). |
| 4. |
The “HK$100 Cash Rebate” is only applicable to customers who successfully apply for and drawdown an Express Money Instalment Loan during the Promotion Period, and the disbursement and repayment account of the loan belongs to one of the following: Dah Sing savings accounts / current accounts / integrated accounts (not applicable to FlexiMoney Overdraft facility accounts / joint-name accounts) (“Cash Rebate”). |
| 5. |
To enjoy the Interest and/or Cash Rebate, customers’ Express Money Instalment Loan accounts must be valid, have good repayment records and have no early settlement. The Interest and/or Cash Rebate will be credited to eligible customers’ repayment accounts on or before their second repayment due date. Customers who make early settlement during the repayment period will be subject to an early settlement penalty and refund of the full Interest and/or Cash Rebate amount. |
| 6. |
A loan amount of HK$300,000 or above is applicable only to property owners or preferential customers of the Bank, including civil servants, professionals, staff of selected government organizations / public organizations, full-time teachers, staff of tertiary institutions / universities and Dah Sing VIP Banking Customers.
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| 7. |
The “30-Minute Approval and Disbursement” is applicable only to phone-in or walk-in customers who submit all of the required documents on the application date. The process starts from the moment that Dah Sing Bank staff confirm receipt of all the required documents and information with the customers. The application should comply with the general loan approval procedures of the Bank and should not exceed a loan amount of HK$100,000. Customers should choose to draw their loan at branches. This service is available from 9:00am to 5:00pm Monday to Friday and from 9:00am to 12:00 noon on Saturdays, which may be subject to change according to the actual circumstances.
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| 8. |
A loan tenor of 49 months or above is available only for property owners. It is not applicable to new job starters. |
| 9. |
The definitions for Selected Customers (“Selected Customers”) are: 1) the Bank’s Payroll Service customers between 1 September 2009 and 28 February 2010; or 2) the Bank’s existing mortgage loan customers as of 28 February 2010; or 3) existing Dah Sing VIP Banking customers who maintain their Dah Sing VIP Banking Account on the disbursement date; or 4) apply for an Express Money Instalment Loan and become a VIP Banking Customer (with a total of HK$500,000 or above in their deposit and investment portfolio); or 5) customers with the following occupations: civil servants, staff of selected government organizations / public organizations, professionals, full-time teachers or staff of tertiary institutions / universities. Professionals include chartered / certified accountants, chartered architects, chartered engineers, lawyers, doctors and chartered surveyors. The Bank reserves the final right to interpret the definition of professional occupation. To enjoy the interest rate offer, customers of the above-mentioned occupations must present occupation proof upon application. |
| 10. |
The example is for reference only, and the annualized percentage rates which include the “First month $1 interest” offer, are calculated according to the Code of Banking Practice, subject to a 12-month loan tenor and loan amounts of HK$475,000, HK$325,000, HK$150,000, HK$75,000, HK$35,000 and HK$12,500. The annualized percentage rates may vary for individual customers. |
| 11. |
The example is for reference only and the monthly repayment amounts are rounded to the nearest integer. The monthly repayment amounts are calculated according to the Code of Banking Practice, subject to a 12-month loan tenor and a HK$10,000 loan amount. The monthly repayment amount will be debited every month from the repayment account on the due date and will be rounded to the nearest integer. The monthly repayment amounts may vary for individual customers. |
| 12. |
Applicants must be aged from 18 to 30 and must be currently employed. The employment period must be within 6 months. The loan amount is up to HK$50,000. For loan amounts of HK$5,000 – HK$50,000, the monthly flat rate is 0.68%, and the annualized percentage rate calculated based on a loan amount of HK$27,500 and a loan tenor of 12 months is 15.8%. The “First month $1 interest” offer is not applicable to new job starters. |
| 13. |
The Bank reserves the right to terminate the above offers or to amend their terms and conditions at any time without prior notice. In case of disputes, the decision of the Bank shall be final. |
