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Fubon "Credit
Go" Personal Loan helps you to consolidate all
types of card debts, save unnecessary interest
expenses. Release your
card debts and manage your finance easily! |
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| Interest saving up to
92%* and loan tenor as long as 72 months |
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Tailor-made personalized interest
rate, monthly flat rate
as low as 0.18% |
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Loan amount up
to 12 months of monthly salary or HK$1,000,000
(whichever is lower) |
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Cash
amount up to 3 times of monthly salary can
be directly credited to your designated bank account |
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Tenor up
to 72 months for your selection |
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You can obtain a preliminary approval
status via our Personal
Loan Express Approval Hotline at 2806 5050 |
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Example |
Current
Credit Card Debts $200,000† |
Transfer
to Fubon "Credit Go"
Personal Loan# |
Total
Interest Expense
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$345,319† |
$27,931#
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Total
Interest Expenses
Save 92% |
| Monthly
Repayment Amount |
$7,898† |
$3,381# |
Monthly
Repayment Amount
Reduces 57% |
| Repayment
Period |
378
months |
72
months |
Repayment
Period
Shortens 81% |
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| Note: The
above example is for reference only. The relevant
amount has been rounded down to an integer. The
applicable interest rate, handling fee, monthly
repayment amount, repayment period, actual savings
on interest expenses for each customer may vary
and are subject to the final approval of the Bank.
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The interest expenses saved are
determined on a case-by-case basis. It is calculated
from the above mentioned example. |
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It assumes that monthly repayment
for credit card is 4% of respective month's outstanding,
repayment period is 378 months and interest rate
is 30% per annum (Annualized percentage rate is
34.49% which is calculated in accordance with the
guidelines set out in the Code of Banking Practice).
The monthly repayment amount above is calculated
by taking the average of the first 6-month payments.
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Assume that credit card outstanding
as mentioned in the example is transferred to Fubon
"Credit Go Personal Loan" and 72-month tenor is
chosen, loan amount is HK$215,518. Monthly flat
rate is also assumed to be 0.18% (Annualized percentage
rate is 6.91% which is calculated in accordance
with the guidelines set out in the Code of Banking
Practice and non-refundable handling fee is included
and deducted from loan amount disbursed). |
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| Easy Application |
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via our Personal
Loan Express Approval Hotline at 2806 5050 |
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Act now to submit
information or download
the application form, please return
it with required documents either by fax
on 2571 0074 or by
post to 23/F., Fortress Tower, 250 King's
Road, Hong Kong. |
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| Terms and Conditions: |
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To enjoy the interest rate,
handling fee and/or other privileges, customers
must submit the application of the Fubon "Credit
Go" Personal Loan and successfully drawdown
on or before 31 December, 2010. |
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Annualized Percentage Rate
is calculated in accordance with guidelines
as set out in the Code of Banking Practice
which has included the non-refundable handling
fee. Handling fee calculation is based on
loan tenor and charged based on loan amount
1% (tenor of 12 months) or 1.2% (tenor of
24, 36, 48, 60 and 72 months) annually, and
it will be deducted from loan amount. |
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Customer has to submit the
required personal information together with
all necessary documents to Fubon Bank (the
"Bank") for final approval after the preliminary
approved result has been obtained. Final approval
of the application will be subject to the
Bank's decision upon collection of the necessary
documents. The Bank reserves the final decision
to disapprove any application and determine
the approved loan amount. |
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Cash amount for customer usage
will be credited to the customer's designated
bank account. The designated bank (except
the Bank) may impose a remittance charge on
the customer's designated bank account for
such transfer. For the balance transfer, the
Bank, on behalf of the customer, shall use
the final approved loan amount to settle the
outstanding balance of the customer's designated
credit card and personal loan. In any circumstances,
the Bank shall not be liable for any interest
and/or charges imposed by other banks or financial
institutions as a result of the customer's
application of Fubon "Credit Go" Personal
Loan. The Bank also has final discretion in
determining the loan drawdown method. The
relevant loan confirmation letter will be
sent to customers by mail. |
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The Bank reserves the right
to offer other interest rates, loan tenors
or personal loan plans subject to the approval
result of each customer. |
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The Bank reserves the right
to suspend, vary or cancel the promotion offer
and amend the relevant terms and conditions
any time without prior notice. In case of
disputes, the decision of the Bank is final
and conclusive. |
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