Promotion Period: From 8 November 2021 until 31 March 2022 (inclusive of both dates)
- Preferential Loan Interest Rate
Using designated banking services ^ to enjoy annualised percentage rate (APR) as low as 1.38%
- High Loan Amount
As high as HKD2,000,000 or 8 times of monthly income (whichever is lower)
- Loan Handling Fee Waiver
Interest Rate Table
| Loan Amount (HKD) |
1 time of the tax bill amount or below and
HKD100,000 to HKD2,000,000 |
| Type of customer |
All customers |
| Loan Tenor |
12 Months |
| Annualised Percentage Rate (APR) |
1.38% |
| Monthly Flat Rate |
0.0616% |
| Monthly Instalment Amount#（HKD） |
$839.49 |
| Loan Amount (HKD) |
Above 1 time of the tax bill and
HKD200,000 to HKD2,000,000 |
| Type of customer |
Generic customer |
Selected customer* |
| Loan Tenor |
12 Months |
12 Months |
| Annualised Percentage Rate (APR) |
1.88% |
1.68% |
| Monthly Flat Rate |
0.0841% |
0.0753% |
| Monthly Instalment Amount#（HKD） |
$841.74 |
$840.86 |
^ Designated banking services include securities account, personal internet banking and e-Statement service.
* Selected customer including SMART Banking customers, designated corporate staffs or designated customers by Shanghai Commercial Bank.
# The monthly instalment amounts are calculated by every HKD10,000 loan amount and the basis of "Rule of 78" on the apportionment of principal and interest, and are rounded to the nearest 2 decimal places and for reference only. For details of "Rule of 78", customers may refer to Frequently Asked Questions or the "Smart Consumers / Personal Credit" in the Hong Kong Monetary Authority's website.
Loan Enquiry
Application Documents
Please submit a copy of the following documents (together with application form) to branches for handling loan application:
- Hong Kong Permanent Identity Card
- Latest 3 months residential address proof
- Latest 3 months salary proof (salary slip / bank statement or savings passbook showing salary record)
- 2020/21 personal notice of assessment and demand for tax
- Latest mortgage loan repayment slips or annual statement (for mortgaged property owners)
Note:
- All application document(s) submitted are not returnable, regardless of whether the application is approved or not.
- Joint application is only applicable to married couple, and is required to submit individual application form together with the required document(s).
- The Bank may require customer(s) to submit additional application document(s).
Early Repayment
- Early repayment of the Loan is permissible subject to repayment of the outstanding principal amount of the Loan, the interest that would otherwise have been payable on the next monthly repayment date and a sum equal to 2% of the outstanding principal amount of the Loan with a minimum of HKD500 on the date of actual repayment.
- Customers should consider whether the interest saved from early repayment might be unable to cover the early repayment fee/interest involved before deciding whether to pay off the loan early or not.
- Customers can check with the Bank about total amount involved in early repayment (including outstanding loan balance, early repayment charge, next month payable interest) and the amount of outstanding interest before making a decision of repaying early or not. Please refer to Frequently Asked Questions.
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Key Facts Statement
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Terms and Conditions
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Frequently Asked Questions
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Reminders about Responsible Borrowing
- You should have a clear understanding of your financial condition, daily expenses, and actual borrowing needs.
- You should have assessed your repayment ability and avoid over-borrowing.
- You should repay any outstanding balance on time to avoid late payment charges and additional overdue interest charged by the bank.
- To borrow or not to borrow? Borrow only if you can repay!
In case you wish to enquire whether a third party is appointed by our Bank for referring credit card or loan application, please contact customer service hot line 2818 0282.
