TAX LOAN

Interest Rate Table of "JoyLend" Tax Loan

Remarks:

The above interest rate table is for reference only. Chong Hing Bank Limited (the “Bank”) reserves the right to determine the application interest rate and provision of a "JoyLend" Tax Loan application, which is to be considered on a case-by-case basis in accordance with the customer’s credit, past repayment records and other relevant factors. The Bank has no obligation to disclose the reason of such determination.

^	Annualized percentage rate (“APR”) is calculated based on the loan amounts of HK$10,000, HK$50,000, HK$100,000, HK$200,000, HK$500,000 HK$800,000 and HK$2,000,000. The calculation of APR includes handling fee waiver.
#	For every HK$10,000 loan amount.
*	The Selected Customers include the following existing customer of the Bank: The Bank’s Private Banking customers, Exceed Banking customers, Go Banking customers, Mortgage Loan customers, Personal Loan customers, Professionals, Civil Servants, Full-time Teachers, and Staff of Tertiary Institutions/Universities. Among these, professionals include Chartered/Practicing Accountants, Chartered Architects, Chartered Engineers, Lawyers, Doctors, and Chartered Surveyors. The Bank reserves the final right to interpret the definition of “Selected Customers”, and the categories of Selected Customers are subject to variation by the Bank at its sole discretion from time to time without prior notice

The annualised percentage rate (“APR”) ranges from 1.28% to 27.40%, with repayment period of 12 to 24 months. APR is calculated according to relevant guideline set out in The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. The APR is a reference rate which includes the basic interest rate and other fees and charges of a bank product expressed as an annualised rate. The APR may differ for respective individual customers. The final Loan amount and/or interest rate approved by the Bank will be subject to the financial status and credit check results of the customers. The Bank reserves the right of final decision on the Loan amount, interest rate and approval result without disclosing the reason, which shall be binding on customers and applicants.

Reference example: For a Loan amount of HK$3,000,000, the APR of 1.28% is calculated based on a monthly flat rate of 0.0577% and a 12months repayment period (including full handling fee waiver).