The promotion period is until 30 April 2012 ("Promotion Period"). First 3 months 3.8%p.a introductory rate offer is only applicable to customers who successfully apply for and drawdown In-Money revolving loan within Promotion Period ("Selected Customers"). Selected Customers include 1) Dah Sing Bank ("the Bank") Payroll Service customers between 1 Sep 2011 and 24 Feb 2012; or 2) the Bank's existing mortgage loan customers as of 24 Feb 2012; or 3) existing Dah Sing VIP Banking customers who maintain the Dah Sing VIP Banking Account on the disbursement date; or 4) apply for In-Money revolving loan and become a VIP Banking Customer (with total of HK$500,000 or above in deposit and investment portfolio); or 5) customers with following occupations: civil servants, airline transport pilots, staff of selected government organizations / public organizations, professionals, full time teachers or teachers 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 occupations. To enjoy the interest rate offer, customers of the above-mentioned occupations must present occupation proof upon applications. The interest rate applicable to Selected Customers is 3.8%p.a for the first 3 months and 8.8%p.a. thereafter, and the Annualized Percentage Rate ("APR") is 3.87% and 9.16% respectively. The interest rate applicable to other customers is 4.8%p.a. for the first 3 months and 9.8%p.a. thereafter, and the APR is 4.91% and 10.25% respectively. APR is calculated according to the method set out in the relevant guidelines referred to in the Code of Banking Practice, excluding annual fee. Customers must repay monthly minimum payment on or before the monthly due date. The annual fee is 1% of the approved credit limit (minimum HK$300, maximum HK$1,000) and the cash withdrawal fee is 2.5% of the withdrawal amount (minimum HK$55). Perpetual annual fee and cash withdrawal fee waiver are only applicable to customers who successfully apply for In-Money revolving loan during the Promotional Period. The Bank reserves the right to revise the above charges at any time. Please refer to 'Bank Service Charges' or contact the Bank's staff regarding the latest update on fees and charges. The maximum loan amount is HK$1,000,000 or 8 times of the customer's monthly salary (whichever is lower). A loan amount of HK$300,000 or above is only applicable 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 staff of selected financial institutions and Dah Sing VIP banking customers. 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.
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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 above offers are not applicable to existing In-Money revolving loan customers. The Bank reserves the right to terminate the above offers or 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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