step 1. I don’t have an enthusiastic HSBC savings account, can i get financing according to the one hundred% Consumer loan Verify Program from the HSBC?

We offer all of our characteristics within the one hundred% Unsecured loan Guarantee System so you’re able to present HSBC consumers. If you want to apply for a loan underneath the 100% Unsecured loan Be sure Strategy during the HSBC, you can make use of the brand new HSBC HK Cellular Financial application to open a bank checking account.
3. Ought i go for a main repayment holiday chronilogical age of even more than simply 1 year?
You could prefer whether or not to do the principal payment vacation. Immediately following decide-inside the, the principal cost getaway is fixed at the 12 months while the provided by the HKMC Insurance rates Minimal.
cuatro. How is notice determined in one hundred% Consumer loan Be certain that Program?

Interest percentage is calculated according to Laws regarding seven8. This technique reduces the primary and you can need for for every single month-to-month repayment of your 100% Consumer loan Be certain that Strategy.
This method puts a turning down pounds into the appeal and you can an increasing weight toward dominant across the repayment attacks. The number 78 originates from including what number of months regarding a beneficial several-month-loan:
step one + dos + step 3 + cuatro + 5 + six + seven + 8 + nine + 10 + 11 + 12 = 78
The attention was spent on the latest repayment several months during the an other bit, such that (first notice section) of your own complete attention was put on the original week, (next attract part) of one’s full focus might possibly be put on another times, etc.
A customers borrows HKD80,100 getting 72 weeks rather than 12-day prominent cost escape, from the a monthly flat fee out-of 0.043% and you will handling fee is actually waived. Therefore, the financing prominent try HKD80,000
| No. of costs | Need for per instalment (HKD) | Dominating repaid into the per instalment (HKD) | The Dominating (HKD) |
|---|---|---|---|
| 1 | 1, | 78, | |
| 2 | 1, | 77, | |
| 3 | 1, | 76, | |
| 4 | step one, | 75, | |
| 5 | 1, | 74, | |
| 6 | step 1, | 7step three, | |
| 7 | step one, | 7dos, | |
| 8 | step one, | 7step 1, | |
| 9 | 1, | 70, | |
| 10 | 1, | 6nine, | |
| 11 | step one, | 68, | |
| 12 | step 1, | 67, | |
| 13 | 1, | 65, | |
| fourteen | step 1, | 64, | |
| fifteen | step one, | 63, | |
| 16 | 1, | 62, | |
| 17 | 1, | 6step 1, | |
| 18 | 1, | sixty, | |
| 19 | 1, | 59, | |
| 20 | step 1, | 58, | |
| 21 | step one, | 57, | |
| 22 | 1, | 56, | |
| 23 | step 1, | 54, | |
| 24 | 1, | 53, | |
| twenty five | 1, | 52, | |
| twenty-six | step one, | 5step 1, | |
| twenty-seven | step 1, | fifty, | |
| 28 | 1, | forty-two, | |
| 30 | step one, | forty-eight, | |
| 30 | step one, | 47, | |
| 31 | , | 1, | 46, |
| 32 | step one, | ,forty five, | |
| 33 | step one, | 43, | |
| 34 | 1, | 42, | |
| thirty-five | 1, | 4step one, | |
| 36 | 1, | forty, | |
| 37 | 1, | 39, | |
| 38 | step one, | 38, | |
| 39 | step 1, | 37, | |
| 40 | 1, | thirty-six, | |
| 41 | 1, | thirty-five, | |
| 42 | 1, | 33, | |
| 43 | step 1, | 32, | |
| 44 | step 1, | 30, | |
| 45 | step 1, | 31, | |
| 46 | step 1, | 30, | |
| 47 | step one, | 28, | |
| 48 | step one, | twenty seven, | |
| 49 | 1, | twenty six, | |
| 50 | 1, | twenty four, | |
| 51 | step one, | 23, | |
| 52 | step 1, | twenty two, | |
| 53 | step one, | 21, | |
| 54 | 1, | 20, | |
| 55 | 1, | 19, | |
| 56 | step one, | 18, | |
| 57 | step 1, | 17, | |
| 58 | step 1, | fifteen, | |
| 59 | step 1, | fourteen, | |
| 60 | 1, | thirteen, | |
| 61 | step one, | several, | |
| 62 | 1, | eleven, | |
| 63 | nine.forty-five | step one, | ten, |
| 64 | 8.50 | step one, | 9, |
| 65 | 7.56 | step 1, | 7, |
| 66 | 6.61 | step one, | 6, |
| 67 | 5.67 | step one, | 5, |
| 68 | cuatro.72 | 1, | 4, |
| 69 | 3.78 | 1, | 3, |
| 70 | 2.83 | 1, | 2, |
| 71 | step 1.89 | 1, | 1, |
| 72 | 0.94 | 1, | 0.00 |