Interest Rate Table for redrawing Personal Instalment Loan
Range of New Loan Amount (HKD)
Repayment Period (Month)
5,000 - 14,999
15,000 - 49,999
50,000 - 199,999
0.80% flat p.m.
0.65% flat p.m.
0.50% flat p.m.
Monthly Repayment (HKD)*
APR +
Monthly Repayment (HKD) *
APR +
Monthly Repayment (HKD) *
APR +
6
174.7
19.62%
173.2
16.09%
171.7
12.65%
9
119.2
19.83%
117.7
16.17%
116.2
12.60%
12
91.4
19.86%
89.9
16.16%
88.4
12.53%
18
63.6
19.74%
62.1
16.04%
60.6
12.40%
24
49.7
19.55%
48.2
15.90%
46.7
12.28%
36
35.8
19.11%
34.3
15.58%
32.8
12.05%
48
28.9
18.68%
27.4
15.28%
25.9
11.85%
Range of New Loan Amount (HKD)
Repayment Period (Month)
200,000 - 499,999
500,000 or above
0.43% flat p.m.
0.31% flat p.m.
Monthly Repayment (HKD) *
APR +
Monthly Repayment (HKD) *
APR +
6
171.0
11.07%
169.8
8.40%
9
115.5
10.95%
114.3
8.18%
12
87.7
10.86%
86.5
8.03%
18
59.9
10.72%
58.7
7.86%
24
46.0
10.60%
44.8
7.75%
36
32.1
10.41%
30.9
7.60%
48
25.2
10.25%
24.0
7.49%
*Monthly repayment amount is shown for a HK$1,000 loan amount for ease of conversion and it is rounded up to one decimal place.
+ The annualised percentage rate (APR) is calculated based on a new loan of HK$10,000 (which comprises an outstanding principal of HK$5,000 and a redrawn loan amount of HK$5,000).
Remarks:
1. The interest rate table applies exclusively to customers redrawing their Personal Instalment Loan and is for indication only. Actual interest rate may differ on a case by case basis.
2. A redraw fee equivalent to 1% on the redrawn loan amount and rounded up to one decimal place (or HK$50, whichever is higher) will be calculated and deducted from the loan amount when drawn down.
3. The interest rate that will apply will be based on the new loan amount, ie outstanding principal plus the redrawn loan amount.
4. The APR is calculated according to the method set out in the relevant guidelines referred to in the Code of Banking Practice, and is rounded up or down to the nearest two decimal places. Please note the actual APR applicable may differ. Please visit any HSBC branch in Hong Kong for further details of monthly repayment amounts and APRs for repayment periods not shown in the above monthly repayment table.
5. Minimum redraw amount is HK$3,000 and further redrawing will not be permitted after the Personal Installment Loan is fully repaid.
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