Personal Tax Loan

Promotion Offer

Promotion Period: From 14 November 2022 until 31 March 2023 (inclusive of both dates)

  • Preferential Loan Interest Rate
    Using designated banking services ^ to enjoy annualised percentage rate (APR) as low as 2.38%
  • High Loan Amount
    As high as HKD2,000,000 or 8 times of monthly income (whichever is lower)
  • Loan Handling Fee Waiver
  • Exclusive Credit Card Welcome offer for Personal Tax Loan customers - HKD500 Reward
    New cardholders have successfully applied for UnionPay Dual Currency Diamond Credit Card issued by the Bank and drawdown the Loan within specified period can enjoy an exclusive welcome offer - HKD 500 Free Spending Credit without Spending Requirement.

Interest Rate Table

Loan Amount (HKD) HKD200,000 or above
Type of customer Selected customer* Generic customer
Loan Tenor 12 Months 12 Months
Annualised Percentage Rate (APR) 2.38% 3.08%
Monthly Flat Rate 0.1066% 0.1376%
Monthly Instalment Amount@ 843.99 847.09

^ 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
  • Residential address proof issued within latest 3 months
  • Latest 3 months salary proof (salary slip / bank statement or savings passbook showing salary record)
  • 2021/22 personal notice of assessment and demand for tax
  • Latest mortgage loan repayment slips or annual statement (for mortgaged property owners)


  1. All application document(s) submitted are not returnable, regardless of whether the application is approved or not.
  2. Joint application is only applicable to married couple, and is required to submit individual application form together with the required document(s).
  3. 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.

Terms and Conditions for the Promotion Offer

For details, please click here

Key Facts Statement

For details, please click here

Terms and Conditions

For details, please click here

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.
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