- Welcome Cash Reward up to $5,000
- Apply online anytime anywhere, no face-to-face contact required
- Instant approval & cash transferred to your account 7 days a week*
1 year from now, Patrick took the offer of being a manager in Shanghai office of a multi-national trading company. After that, he decided to settle down and purchase a flat in Shanghai.
He earns HK$35,000 per month but still lacking in a lump-sum to pay the deposit. Before he went back to Hong Kong to make a loan application, Patrick knew that UA offers i-Money Internet Personal Loan that the loan application procedures can be completed through online from talking with some expatriates from Hong Kong in a gathering. It doesn’t need any face-to-face contact and cash will be transferred to the designated account upon approval.
He then applied loan through internet and a loan amount of HK$300,000 had been transferred to his account very soon. Other than that, UA also credited him a HK$75,000 e-Cash Revolving Loan for managing other expenses related to his flat purchase. No interest will be charged for any unused credit.
Tom's Financial Profile
|Years of servicing||3 years|
|Monthly income (with comission)||Around HK$40,000|
|Loan amount applied||HK$100,000|
|i-Money Internet Loan amount||HK$100,000|
|e-Cash" Revolving Loan amount||HK$50,000|
Patrick's Financial Profile
|Years of servicing||1 years|
|Loan amount applied||HK$300,000|
|i-Money Internet Loan amount||HK$300,000|
|e-Cash Revolving Loan amount||HK$75,000|
*Loan approval and electronic transfer service is available from Monday to Friday (9:00am-6:30pm), Saturday to Sunday (9:00am-5:30pm) and except public holidays. The actual date of transfer is subject to the transfer servicing hours of each individual bank.
Key Facts Statement for Installment Loan:
- The minimum and maximum repayment period is 3 months and 60 months respectively.
- The maximum annual percentage rate is 48%.
- A representative example of total cost for a loan below is for reference only:
- Loan amount: HK$10,000
- Monthly installment of HK$1,815 for 6 months
- Interest rate: 2.5% per month
- Annual percentage rate: 30%
- Total repayment amount: HK$10,890