Fubon Merchant Receivables Financing

Fubon Merchant Receivables Financing

Ideal Funding Solution with a Card Terminal

Capital is an important element for business development. Fubon Merchant Receivables Financing enables merchant to make use of future credit card receivables in exchange for the instant cash flow. Merchant with average monthly credit card receivables records of HK$10,000 or above in the last 3 months can apply. It's truly easy to achieve your goal!

 

Apply Online

 

  • NO handling fee
  • Interest rate as low as 1.8%
  • Tenor up to 18 months
  • Refinancing amount up to HK$1,500,000 or 3 times of average monthly credit card receivables (whichever is lower)
  • No financial statements nor collateral
  • Repayment deducted directly from merchant’s daily credit card receivables


Preferential Rates
Tenor Interest Rates Annualized Percentage Rate
3 months 1.80% 11.53%
6 months 3.00% 11.05%
9 months 4.50% 11.76%
12 months 5.80% 11.77%
15 months 7.00% 11.63%
18 months 8.40% 11.89%

Remarks: The above interest rate is an amount calculated according to the percentage of the loan drawdown amount which is a one-off deduction and non-refundable amount that will be deducted upon the loan drawdown from the Merchant. The details of the loan including a one-off deduction and non-refundable amount upon the loan drawdown, final loan amount and interest rate will be mentioned on the confirmation letter of Fubon Merchant Receivables Financing. APR, calculated in accordance with the guidelines as set out in the Code of Banking Practice, is a reference rate expressed as an annualized rate which includes a one-off deduction and non-refundable amount upon the loan drawdown.

1. Once application is approved, cash (after deducting handling fee) will be credited to the Fubon bank account of the credit card merchant directly
Fubon Credit Card POS
2. Convenient and direct repayment : Repayment will be automatically deducted from the daily credit card receivables at a pre-set percentage
3. Good news! Flexible repayment is allowed. The better the business, the faster the merchant can clear the repayment.
Fubon Credit Card POS

  1. 1. Once application is approved, cash (after deducting handling fee) will be credited to the Fubon bank account of the credit card merchant directly
  2. 2. Convenient and direct repayment : Repayment will be automatically deducted from the daily credit card receivables at a pre-set percentage
  3. 3. Good news! Flexible repayment is allowed. The better the business, the faster the merchant can clear the repayment.

 

 

For application or details of the service, please call Merchant Receivables Financing Hotline at 2806 7231 during office hours*, OR press here to register.

For application or details of the service, please call Merchant Receivables Financing Hotline at 2806 7231 during office hours*, OR press here to register.
To borrow or not to borrow? Borrow only if you can repay!

*Monday to Friday: 9am – 10pm; Saturday: 9am – 1pm (except public holidays)


Remarks: The above products, services and offers are bound by the corresponding terms and conditions, please contact Fubon Bank staff for details.

Terms and Conditions

Terms and Conditions of Merchant Receivables Financing:

1. The promotion period of Merchant Receivables Financing is from now till 31 December 2021 (“MRF promotion period”).
2. Customer must apply Fubon Merchant Receivables Financing during the above MRF promotion period and submit the application form together with the below full set of documents. Customer who successfully apply and drawdown the loan will enjoy the preferential rates:
i. Identity Document of Sole Proprietor / Partner(s) / Director(s) / Shareholder(s)
ii. Latest Residential Address Proof of the last 3 Months of Sole Proprietor / Partner(s) / Director(s) / Shareholder(s)
iii. Latest Merchant Account Statement of the last 3 Months
iv. Business Registration Certificate
v. Certificate of Incorporation (for Limited Company)
vi. Memorandum & Articles of Association (for Limited Company)
3. Promotional offer is only applicable to credit card merchant who has maintained an average monthly credit card receivables records of HK$10,000 or above in the last 3 months
4. Fubon Bank (Hong Kong) Limited (“The Bank”) reserves the right to request additional documents from customer on a case-by-case basis. The Bank reserves the right to the final decision of loan approval and determine the approved loan amount.
5. The Bank reserves the right to offer other interest rates, loan tenors or merchant receivables financing plans subject to the approval result of each customer.
6. The Bank reserves the right to the decision of final approval of all applications, and to suspend, vary or terminate the above offer or amend the relevant terms and conditions at any time without prior notice. In case of any dispute, the decision of the Bank shall be final and conclusive.
7. Should there be any inconsistency between the English and Chinese versions, the English version shall prevail.
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