- 【The highest cash reward in town+】New and existing customers enjoy up to $18,000 or PS5™
- Simple application procedures, no collateral required
- Application by individuals or in name of company is welcomed
- No limitations on business models (Sole proprietorship, joint venture or limited company) and document required
- Fast approval within 24 hours
- Repayment period up to 60 months
- Flexi choice of Instalment or Revolving Loan
Mr. Li is engaged in transportation industry and owns his fleet and logistics business. The business scope mainly focus on delivery of commercial products and promotional materials for business clients. Unfortunately, due to the economic downturn, many clients of him cut the public events which directly affected his busines and income. Due to the great financial burden, he has no choice but sold one of his vans to try to alleviate the financial difficulties. However, other than the monthly repayment for his fleet, there are other huge expenses like maintenance and parking fee, etc., which has brought him great financial pressure. He is so desperate and urgently needs a large amount of quick cash to cope with those expenditures.
By chance, Mr. Li got to know UA Small Enterprise Loan, of which no collaterals are required, no limitations on business model and document required. There is no limitation on applicants of different business models, sole proprietorship, joint venture or limited company are all eligible. Applicants running all kinds of business or self-employed are welcomed. Finally, Mr. Li has been offered a loan amount of HK800,000 in a short period of time from UA. What’s more, UA offers flexible repayment period of up to 60 months for him. Now, he can enjoy peace of mind with reduced monthly burden and simultaneously can enjoy higher flexibility in cash flow.
Mr. Lam is the owner of a local Chinese restaurant. Under the economic downturn, there is a sharp decrease on the business. But still he has to deal with lots of fixed monthly expenditures including employee salaries, rent, and expenses for water, electricity and gas, etc. In face of such situation of income falling short of expenditures, added with the problem of insufficient cashflow , it is really a critical moment for the business.
Fortunately, he got to know UA Small Enterprise Loan later, which no collaterals are required, application procedure is simple with no complicated approval process and the approval can be completed as fast as in 24 hours. For Mr. Lam’s case, a loan amount of HK$1.2 million has been approved for him to solve his financial problems. What’s more, UA provides flexi choice on type of loan of Revolving Loan for customers. Mr. Lam has also got an extra approved credit line of HK$100,000 as standby credit, which is indeed of great help with flexibility for businessmen as backup for any sudden cash flow need. The interest of UA Revolving Loan is charged on daily basis only and there is no charge for unused credit line. With the large loan amount, Mr. Lam can continue his business and his employees can keep staying with him to run the restaurant.
+As of June 2022, UA’s cash reward is the highest among the major financial companies in Hong Kong.
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