1. I don’t has an enthusiastic HSBC family savings, do i need to apply for that loan according to the ten0% Unsecured loan Make sure System at the HSBC?
You can expect the functions beneath the 100% Personal bank loan Ensure Scheme to help you present HSBC customers. If you want to make an application for financing according to the a hundred% Personal bank loan Make sure System during the HSBC, you can use new HSBC HK Mobile Banking app to open up a bank checking account.
step three. Can i opt for a principal fees getaway ages of more than just 18 months?
You can choose whether or not to make principal fees escape. Once decide-during the, the principal repayment escape is fixed on eighteen months once the given because of the HKMC Insurance coverage Minimal.
cuatro. Exactly how are focus determined beneath the 100% Consumer loan Make certain System?
Interest rates are calculated according to the Laws from 78. This procedure breaks down the primary and you can demand for each monthly installment of one’s a hundred% Consumer loan Be sure Design.
This process sets a lessening lbs towards the desire and you can an ever-increasing lbs toward dominating across the cost attacks. The number 78 comes from accumulated what number of weeks away from a twelve-month-loan:
1 + 2 + step 3 + cuatro + 5 + six + eight + 8 + nine + ten + eleven + a dozen = 78
The attention are spent on brand new fees months into the a reverse part, in a manner that (first desire section) of your own complete appeal would-be put on the first month, (second notice part) of the complete notice might be used on another week, an such like.
A customers borrows HKD100,one hundred thousand for 120 weeks versus 18-week dominating installment vacation, during the a month-to-month flat fee out of 0.043% and you may dealing with payment try waived. As a result, the entire financing prominent are HKD100,100
| Zero. out of payments | Need for for each instalment (HKD) | Prominent paid back when you look at the each instalment (HKD) | An excellent Prominent (HKD) |
|---|---|---|---|
| 1 | step one, | 78, | |
| 2 | step one, | 7eight, | |
| 3 | step one, | 76, | |
| 4 | step one, | 75, | |
| 5 | step one, | 7cuatro, | |
| 6 | step one, | 73, | |
| 7 | step one, | 72, | |
| 8 | step 1, | 71, | |
| 9 | step one, | 70, | |
| 10 | 1, | 69, | |
| 11 | step one, | 68, | |
| 12 | step 1, | 67, | |
| 13 | step 1, | 65, | |
| fourteen | 1, | 64, | |
| 15 | step 1, | 63, | |
| sixteen | step one, | 62, | |
| 17 | step 1, | 61, | |
| 18 | 1, | sixty, | |
| 19 | 1, | 59, | |
| 20 | 1, | 58, | |
| 21 | step one, | 57, | |
| twenty two | 1, | 56, | |
| 23 | step 1, | 54, | |
| twenty-four | step one, | 53, | |
| twenty-five | step one, | 52, | |
| 26 | step 1, | 5step one, | |
| 27 | step one, | 50, | |
| twenty-eight | step one, | forty-two, | |
| 29 | 1, | forty eight, | |
| 30 | step one, | 47, | |
| 31 | , | step one, | 46, |
| 32 | step one, | ,forty five, | |
| 33 | step one, | 43, | |
| 34 | 1, | 42, | |
| thirty five | step one, | 41, | |
| thirty-six | step one, | forty, | |
| 37 | 1, | 39, | |
| 38 | 1, | 38, | |
| 39 | step one, | 37, | |
| 40 | step one, | thirty-six, | |
| 41 | 1, | thirty five, | |
| 42 | 1, | 33, | |
| 43 | step one, | thirty-two, | |
| 44 | step one, | 31, | |
| 45 | 1, | 29, | |
| 46 | step one, | 31, | |
| 47 | 1, | twenty-eight, | |
| 48 | 1, | twenty seven, | |
| 49 | 1, | twenty six, | |
| 50 | step one, | 24, | |
| 51 | 1, | 23, | |
| 52 | step 1, | 22, | |
| 53 | 1, | 2step 1, | |
| 54 | step 1, | 20, | |
| 55 | step 1, | 19, | |
| 56 | step 1, | 18, | |
| 57 | 1, | 17, | |
| 58 | step one, | 15, | |
| 59 | 1, | fourteen, | |
| 60 | step 1, | thirteen, | |
| 61 | 1, | 12, | |
| 62 | step one, | eleven, | |
| 63 | nine.forty five | step one, | 10, |
| 64 | 8.50 | step one, | 9, |
| 65 | 7.56 | step one, | 7, |
| 66 | 6.61 | step one, | 6, |
| 67 | 5.67 | step 1, | 5, |
| 68 | cuatro.72 | 1, | 4, |
| 69 | step three.78 | 1, | 3, |
| 70 | dos.83 | 1, | 2, |
| 71 | 1.89 | 1, | 1, |
| 72 | 0.94 | 1, | 0.00 |