Loan Amount
HK$
Monthly Interest Rate
%
Repayment Terms
months
Monthly Repayment Amount
HK$ 0
Repayment Amount HK$0
Principal
HK$ 0
Interest
HK$ 0

 

Key Facts Statement for Instalment Loan:
1.
 The minimum and maximum repayment period is 3 months and 60 months respectively.
2.
 According to the Money Lenders Ordinance, the maximum annual percentage rate is 48%.
3.
 A representative example of total cost for a loan below is for reference only:
Loan amount: HK$10,000
Monthly Instalment of HK$1,672 for 6 months
Interest rate: 0.092% per month
Annual percentage rate: 1.1%
Total repayment amount: HK$10,032