The promotion period is valid from now until 29 February 2012 (the 'Promotion Period'). Customers who successfully apply for and drawdown an Express Money account during the Promotion Period may enjoy a first-month payment holiday ("Payment Holiday"). The first instalment date will be deferred after the payment holiday period (i.e. the first repayment will be effective starting from 2 months upon loan drawdown), and thus the whole loan tenor will be extended for one month accordingly (e.g. for loan drawdown on 9 January 2012, the first repayment date will be 9 March 2012). The repayment date of individual customers may vary. If customers redeem the loan early, Dah Sing Bank (the "Bank") will charge the Early Settlement Handling Fee, outstanding principal and the accrued interest of the month as usual. The Bank reserves the right to amend the Early Settlement Handling Fee. For details of the latest fees and charges, please refer to the "Bank Service Charges" or contact the Bank's staff. Häagen-Dazs™ Fondue vouchers/Scoop vouchers/Cash Rebate are only applicable to customers who successfully apply for and drawdown an Express Money account during the Promotion Period and choose loan tenor 12 months or above. Customers with loan amount of HK$500,000 to HK$1,000,000 may enjoy a Häagen-Dazs™ Fondue Set Deluxe voucher and 2 Single Scoop vouchers (Reference retail price: HK$498)("Gift 1") or HK$400 cash rebate. Customers with loan amount of HK$200,000 to HK$499,999 may enjoy a Häagen-Dazs™ Fondue Set Petite voucher (Reference retail price: HK$268)("Gift 2") or HK$200 cash rebate. Customers with loan amount of HK$50,000 to HK$199,999 may enjoy 2 Häagen-Dazs™ Single Scoop vouchers (Reference retail price: HK$70)("Gift3"). Customers with loan amount of HK$5,000 to HK$49,999 may enjoy 1 Häagen-Dazs™ Single Scoop voucher (Reference retail price: HK$35)("Gift4"). Customers should maintain a good repayment record on the issuance of the gift redemption letter/cash rebate date and the Loan and repayment account should be normal and valid in order to get the Gift/cash rebate. The cash rebate will be credited to the repayment account of the customers before 31 May 2012. The redemption letter for the Gift will be issued on or before 9 March 2012 to customers who successfully drawdown the loan on or before 29 February 2012. The redemption letter for the Gift will be issued on or before 10 April 2012 to customers who successfully drawdown the loan on or before 31 March 2012. Each customer is entitled to only ONE gift. All the gifts cannot be exchanged for cash or transferrable to other gifts, and no changes will be given. The Bank is not the supplier of the Gift, and is not liable for any products or services provided by individual companies. Should there be any enquires or complaints regarding the quality of the products or services, and/or information, customers should be directed to the relevant merchants. On 8 December 2011, the Reference retail price of Gift1 is HK$498, Gift 2 is HK$268, Gift 3 is HK$70 and Gift 4 is HK$35. The reference retail prices of the Gifts are for reference only. The Bank is not responsible for setting the reference retail prices and/or the difference between the reference retail prices and the actual retail prices available in the market. In case of insufficient stocks, the Bank has the right to use other products for replacement at any time without prior notice. Quoted price and types of those products may not be the same as the Gifts provided in this promotion. Customers who make early settlement during the repayment period will be subject to an early settlement fee and refund of the Gifts and/or Cash Rebate amount, which will be deducted from the repayment account. The 'HK$100 Cash Rebate' is only applicable to customers who successfully apply for and drawdown an Express Money account during the Promotion Period and use Dah Sing Bank ("the Bank") account for loan repayment (not applicable to FlexiMoney Overdraft facility accounts / joint-name accounts) ('Cash Rebate'). HK$100 Cash Rebate will be credited to eligible customers' repayment accounts on or before 31 May 2012. To enjoy the Cash Rebate, customers' Express Money accounts must be valid on the Cash Rewards and/or Cash Rebate date. They must maintain good repayment records and make no early settlement upon fulfilment. Customers who make an early settlement during the repayment period will be subject to an Early Settlement Handling Fee and refund of the full Cash Rebate amount. An instantly pre-approved loan amount service ('the Service') is available to phone-in or walk-in customers who submit loan applications at the following times and provide the required documents upon application. No prior notice will be given if there is any change to the Service available times.
| |
Service hours of Instantly approved loan amount |
| Branch |
Monday – Friday 9:00am – 5:00pm; and
Saturday 9:00am – 12:00 noon |
| Telephone Hotline |
Monday – Friday 9:00am – 8:00pm; and
Saturday 9:00am – 12:00 noon |
No prior notice will be given if there is any change on the Service available time. The Bank may not offer the Service if customers do not provide the required documents or the loan applications do not fulfil the approval requirements of the Service. The instantly approved loan amount is for reference only. The Bank reserves the final right to make a decision on the final approval result of the loan amount and to terminate or to amend the Service at anytime. 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 9:00 am to 5:00 pm Monday to Friday and from 9:00 am to 12:00 noon on Saturdays, which may be subject to change according to the actual circumstances. A loan amount of HK$300,000 or above is available only to property owners or preferential customers of the Bank, including civil servants, professionals, the staff of selected government organisations / public organisations, full-time teachers, staff of tertiary institutions / universities and Dah Sing VIP Banking Customers. A loan tenor of 49 months or above is available only to property owners. It is not on its own merits available to new job starters. New job starter 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$50,000.
| Loan Amount (HK$) |
Monthly Flat Rate |
*Annualized percentage rate |
| $20,000 - $50,000 |
0.5% |
11.48% |
| $5,000 - $19,999 |
11.62% |
* The example is for reference only, and the annualised percentage rates ("APR") are calculated according to the Code of Banking Practice. This is subject to a 12-month loan tenor and loan amounts of HK$35,000 and HK$12,500. The APR is rounded to the nearest two decimal places and may vary for individual customers. The first-month Payment Holiday offer is not applicable to new job starters.<</div> The definitions of selected customers ('Selected Customers') who are entitled to enjoy the interest rate offer are: 1) The Bank's payroll-service customers between 1 June 2011 and 23 December 2011; 2) The Bank's existing mortgage-loan customers as of 23 December 2011; 3) Existing Dah Sing VIP Banking customers who maintain their Dah Sing VIP Banking Account on the disbursement date; 4) Customers who apply for an Express Money account and become a VIP Banking Customer (with a total of HK$500,000 or above in their deposit and investment portfolio); 5) Customers in the following occupations: civil servants, airline transport pilots, staff of selected government organisations / public organisations, 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 proof of the relevant occupation upon application. The example is for reference only and the daily interest expenses are rounded to the nearest one decimal place. The daily interest expenses are calculated according to the Code of Banking Practice, subject to a HK$10,000 loan amount and a month of 30 days. The daily interest expense will be rounded to the nearest one decimal place and may vary for individual customers. The example is for reference only, and the APRs which include the First-Month Payment Holiday offer are calculated according to the Code of Banking Practice. This is subject to a 12-month loan tenor and loan amounts of HK$950,000, HK$700,000, HK$350,000, HK$125,000, HK$35,000 and HK$12,500. The APR is rounded to the nearest two decimal places and may vary for individual customers. 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. 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 dispute, the decision of the Bank shall be final.
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