step 1. I don’t keeps an HSBC family savings, do i need to submit an application for financing within the ten0% Unsecured loan Verify Plan during the HSBC?
You can expect our very own attributes within the a hundred% Unsecured loan Verify Plan to existing HSBC consumers. If you wish to submit an application for financing under the a hundred% Consumer loan Make sure Strategy within HSBC, you need to use new HSBC HK Cellular Financial application to start a bank account.
step three. Can i choose for a primary repayment holiday age a great deal more than eighteen months?
You could potentially choose whether or not to make dominating fees getaway. Just after decide-within the, the primary installment escape is fixed within 1 . 5 years just like the given because of the HKMC Insurance Restricted.
cuatro. How is actually interest calculated beneath the a hundred% Personal bank loan Verify Program?
Interest percentage is calculated depending on the Code regarding 78. This method stops working the principal and you can need for per month-to-month installment of the 100% Personal bank loan Ensure Program.
This process sets a bringing down pounds into notice and you will an expanding weight on the dominant across the repayment periods. The quantity 78 originates from adding up what number of days out of an excellent a dozen-month-loan:
step one + dos + step 3 + cuatro + 5 + six + 7 + 8 + nine + 10 + eleven + twelve = 78
The attention was allocated to the fresh new cost period for the a reverse part, in a way that (basic desire portion) of your own total attract could well be applied to the initial week, (next attention bit) of total desire would-be put on the second day, etcetera.
A customers borrows HKD100,000 to own 120 weeks without 18-month dominating payment holiday, within a monthly predetermined fee away from 0.043% and you will addressing fee are waived. As such, the entire financing prominent are HKD100,000
| Zero. out of repayments | Interest in for each and every instalment (HKD) | Principal reduced within the per instalment (HKD) | A good Dominating (HKD) |
|---|---|---|---|
| 1 | step one, | 78, | |
| 2 | 1, | 7seven, | |
| 3 | step one, | 76, | |
| 4 | step one, | 75, | |
| 5 | step 1, | 7cuatro, | |
| 6 | 1, | 7step 3, | |
| 7 | step one, | 7dos, | |
| 8 | step 1, | 7step one, | |
| 9 | step 1, | 70, | |
| 10 | 1, | 69, | |
| 11 | step 1, | 68, | |
| 12 | step one, | 67, | |
| thirteen | 1, | 65, | |
| fourteen | 1, | 64, | |
| fifteen | step 1, | 63, | |
| 16 | 1, | 62, | |
| 17 | step 1, | 6step 1, | |
| 18 | step one, | sixty, | |
| 19 | 1, | 59, | |
| 20 | step 1, | 58, | |
| 21 | 1, | 57, | |
| 22 | step 1, | 56, | |
| 23 | step 1, | 54, | |
| twenty four | step 1, | 53, | |
| twenty-five | 1, | 52, | |
| 26 | step one, | 5step one, | |
| twenty seven | step one, | fifty, | |
| twenty eight | step 1, | forty-two, | |
| 31 | 1, | 48, | |
| 30 | step one, | 47, | |
| 31 | , | step one, | 46, |
| thirty-two | step one, | ,forty-five, | |
| 33 | 1, | 43, | |
| 34 | step one, | 42, | |
| thirty five | 1, | 4step one, | |
| thirty-six | 1, | forty, | |
| 37 | step 1, | 39, | |
| 38 | step one, | 38, | |
| 39 | 1, | 37, | |
| 40 | 1, | thirty six, | |
| 41 | step 1, | thirty-five, | |
| 42 | step 1, | 33, | |
| 43 | step one, | thirty two, | |
| 44 | step one, | 29, | |
| 45 | step one, | 31, | |
| 46 | 1, | 31, | |
| 47 | step one, | twenty eight, | |
| 48 | 1, | twenty-seven, | |
| 49 | step one, | 26, | |
| 50 | step one, | 24, | |
| 51 | step one, | 23, | |
| 52 | 1, | twenty two, | |
| 53 | step 1, | 2step one, | |
| 54 | 1, | 20, | |
| 55 | step 1, | 19, | |
| 56 | 1, | 18, | |
| 57 | step one, | 17, | |
| 58 | step 1, | 15, | |
| 59 | step one, | fourteen, | |
| 60 | step 1, | 13, | |
| 61 | 1, | a dozen, | |
| 62 | step one, | eleven, | |
| 63 | 9.forty five | step 1, | 10, |
| 64 | 8.fifty | step one, | 9, |
| 65 | seven.56 | step one, | 7, |
| 66 | 6.61 | 1, | 6, |
| 67 | 5.67 | 1, | 5, |
| 68 | 4.72 | 1, | 4, |
| 69 | step 3.78 | 1, | 3, |
| 70 | dos.83 | 1, | 2, |
| 71 | step 1.89 | 1, | 1, |
| 72 | 0.94 | 1, | 0.00 |