Interest Rate Offer
- Monthly flat rate as low as 0.135%1&2, annualized percentage rate as low as 3.02%1&2
Cash Rebate
- Apply on or before 31 March 2024 to enjoy HK$3000 reward after successful approval3.
Product Features
- Loan amount up to HK$4,000,000 or 18 times of monthly salary (whichever is lower)4
- Flexible loan tenor up to 60 months5
- Handling fee waiver for entire repayment period
Monthly Repayment Schedule
Existing Banking Customer6
| Loan Amount(HK$) |
Monthly Flat Rate |
12 month tenor |
24 month tenor |
Monthly Flat Rate |
36 month tenor |
48 month tenor |
60 month tenor |
| Annualised percentage rate2 |
Monthly Repayment Amount(HK$)7 |
Annualised percentage rate2 |
Monthly Repayment Amount(HK$)7 |
Annualised percentage rate2 |
Monthly Repayment Amount(HK$)7 |
Annualised percentage rate2 |
Monthly Repayment Amount(HK$)7 |
Annualised percentage rate2 |
Monthly Repayment Amount(HK$)7 |
| $1,000,000 or above |
0.135% |
3.02% |
846.83 |
3.12% |
430.17 |
0.165% |
3.85% |
294.28 |
3.85% |
224.83 |
3.84% |
183.17 |
| $800,000-$999,999 |
0.145% |
3.24% |
847.83 |
3.36% |
431.17 |
0.175% |
4.08% |
295.28 |
4.08% |
225.83 |
4.07% |
184.17 |
| $500,000-$799,999 |
0.155% |
3.47% |
848.83 |
3.59% |
432.17 |
0.185% |
4.32% |
296.28 |
4.32% |
226.83 |
4.30% |
185.17 |
| $300,000-$499,999 |
0.185% |
4.15% |
851.83 |
4.29% |
435.17 |
0.195% |
4.55% |
297.28 |
4.55% |
227.83 |
4.53% |
186.17 |
| $100,000-$299,999 |
0.205% |
4.60% |
853.83 |
4.75% |
437.17 |
0.215% |
5.02% |
299.28 |
5.01% |
229.83 |
4.99% |
188.17 |
| $50,000-$99,999 |
0.205% |
4.60% |
853.83 |
4.75% |
437.17 |
0.215% |
5.02% |
299.28 |
5.01% |
229.83 |
4.99% |
188.17 |
| $10,000-$49,999 |
0.225% |
5.06% |
855.83 |
5.22% |
439.17 |
0.235% |
5.48% |
301.28 |
5.47% |
231.83 |
5.45% |
190.17 |
Normal Customer6
| Loan Amount(HK$) |
Monthly Flat Rate |
12 month tenor |
24 month tenor |
Monthly Flat Rate |
36 month tenor |
48 month tenor |
60 month tenor |
| Annualised percentage rate2 |
Monthly Repayment Amount(HK$)7 |
Annualised percentage rate2 |
Monthly Repayment Amount(HK$)7 |
Annualised percentage rate2 |
Monthly Repayment Amount(HK$)7 |
Annualised percentage rate2 |
Monthly Repayment Amount(HK$)7 |
Annualised percentage rate2 |
Monthly Repayment Amount(HK$)7 |
| $1,000,000 or above |
0.1400% |
3.13% |
847.33 |
3.24% |
430.67 |
0.1700% |
3.97% |
294.78 |
3.97% |
225.33 |
3.96% |
183.67 |
| $800,000-$999,999 |
0.1500% |
3.36% |
848.33 |
3.47% |
431.67 |
0.1800% |
4.20% |
295.78 |
4.20% |
226.33 |
4.19% |
184.67 |
| $500,000-$799,999 |
0.1600% |
3.58% |
849.33 |
3.71% |
432.67 |
0.1900% |
4.43% |
296.78 |
4.43% |
227.33 |
4.42% |
185.67 |
| $300,000-$499,999 |
0.1900% |
4.26% |
852.33 |
4.40% |
435.67 |
0.2000% |
4.67% |
297.78 |
4.66% |
228.33 |
4.65% |
186.67 |
| $100,000-$299,999 |
0.2100% |
4.72% |
854.33 |
4.87% |
437.67 |
0.2200% |
5.13% |
299.78 |
5.13% |
230.33 |
5.11% |
188.67 |
| $50,000-$99,999 |
0.2100% |
4.72% |
854.33 |
4.87% |
437.67 |
0.2200% |
5.13% |
299.78 |
5.13% |
230.33 |
5.11% |
188.67 |
| $10,000-$49,999 |
0.2300% |
5.18% |
856.33 |
5.34% |
439.67 |
0.2400% |
5.60% |
301.78 |
5.59% |
232.33 |
5.56% |
190.67 |
Apply Now
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-
Remarks:
1.Only applicable to the existing banking customer of Industrial and Commercial Bank of China (Asia) Limited (“the Bank”) who is successfully approved and drawdown the personal instalment loan (“Loan”) with an approved Loan amount of HK$1,000,000 or above. Annualised percentage rate (APR) 3.02% is calculated based on monthly flat rate 0.135% and 12-month repayment tenor, the above example is for reference only.
2.The APR of the loan is calculated based on the guidelines as set out in the Code of Banking Practice. The Bank shall have the right at its discretion to apportion any payment between interest and principal in such manner as it shall desire. The annualised percentage rate is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate. The interest rate is applicable on a case-by-case basis and the finally approved interest rate is subject to the loan amount and credit assessment result. The Bank reserves the right of final decision the approval result, and the Bank reserves the right for final decision in case of any disputes.
3.Customer who apply on or before 31 March 2024, is successfully approved and drawdown HK$300,000 - HK$1,499,999 is entitled to enjoy HK$100 cash rebate (“HK$100 Cash Rebate”); is successfully approved and drawdown HK$1,500,000 or above is entitled to enjoy HK$3,000 cash rebate (“HK$3,000Cash Rebate”). Each eligible customer can earn the HK$100 Cash Rebate or HK$3,000Cash Rebate (“Cash Rebate”) once only. Cash Rebate will be deposited into the disbursement/repayment account in the second month after drawdown (For example, if the eligible customer is successfully approved and drawdown the Loan on 9 October 2023, Cash Rebate will be deposited into the disbursement/repayment account on or before 31 December 2023). To be eligible for the Cash Rebate, eligible customers should maintain good repayment record and the Loan and the account shall remain active and in good condition before and upon receiving the Cash Rebate. If eligible customer repay the Loan early before the maturity date, the Bank reserves the right to impose fees and charges upon early repayment of the Loan.
4.The highest approval amount for the Loan is up to HK$4,000,000 or 18 times of monthly salary(whichever is lower)，the final approved loan amount will be subject to the customer's situation. The Bank reserves the right of final decision the approval result, and the Bank reserves the right for final decision in case of any disputes.
5.Repayment Tenor can be 12-month, 24-month, 36-month, 48-month or 60-month.
6.Existing Banking Customers include: 1) The Bank's existing bank account customers; 2) The Bank's existing loan customers; 3) The Bank's existing credit card customers. The Bank reserves the final right to interpret the definition of Privileged and Existing Banking Customer. Except Existing Banking Customers, the remaining customers are Normal Customers.
7.The above example is for reference only. The monthly repayment amount of the example is calculated based on loan amount HK$10,000 and 12-month, 24-month, 36-month, 48-month and 60-month repayment tenor.
8.Any person or entity that is not a party to these Terms and Condition shall have no rights under the Contracts (Rights of Third Parties) Ordinance (Cap. 623 Laws of Hong Kong) to enforce any part of these Terms and Conditions.
9.The Bank reserves the right to vary or terminate the offer at any time. The Bank reserves the right for final decision in case of any disputes.
In case of any discrepancy between the English and Chinese versions, the English version shall prevail.
Terms and conditions apply to above offers and services .
For the details of the terms and conditions, please contact our branch staff or refer to the application form.
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Explanation of “Rule of 78” for Personal Instalment Loan
Important Notes for Early Repayment of Personal Instalment Loan (PL)
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