"Key Facts Statement (KFS)
for Instalment Loan"
Application / Enquiry Hotline 1
+852 2108 3600
BOC Express Cash Instalment Loan
Surname (English)
(As shown on Hong Kong Identity Card)
Given Name (English)
Hong Kong Identity Card No.
()

Date of Birth
(In case there is discrepancy between the information supplied in this data field and the Bank’s record, the Bank’s record will be amended accordingly.)
Mobile Phone No.
(If your mobile phone number is other than a Hong Kong domestic number, please add country code to your phone number.)
Reference code (if applicable)
(For "Relief Loan", please enter "A1")
Verification Code
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Key Facts Statement (KFS) for Instalment Loan

Bank of China (Hong Kong) Limited

BOC Express Cash Instalment Loan

June 2020

This product is an instalment loan.
This KFS provides you with indicative information about interest, fees and charges of this product but please refer to our loan advice for the final terms of your instalment loan.
Interest Rates and Interest Charges
Annualised Percentage Rate (APR)1 For a loan amount of HK$100,000:
Loan Tenor 6-month 12-month 24-month
APR(or range of APR) 5.39% - 41.69%2 4.35% - 41.56%2 4.51% - 42.49%2
Annualised Overdue / Default Interest Rate 36.5%
HK$500 late payment fee plus default interest rate of 0.1% per day on the overdue amount until the day of actual payment will be charged upon each occasion of overdue monthly repayment.
Fees and Charges
Handling Fee Annual Handling Fee: 0.75% - 1.5% of loan amount per annum will be charged upon loan drawdown.
Extension Fee Calculated based on the amount of the loan drawn down at monthly flat rate on daily basis and a 365-day year from the date which is drawn down date to the one month after the first repayment date.
Late Payment Fee and Charge HK$500 for each overdue but unpaid monthly instalment of the loan.
Prepayment / Early Settlement / Redemption Fee Upon early settlement of the Loan, outstanding interest and principal shall be calculated on the basis of“Reducing Balance Method3” or “Rule of 784”.
“Reducing Balance Method”: The Borrower shall also pay an early settlement fee which is 2% of the approved principal amount of BOC Express Cash Instalment Loan/ Balance Transfer. The Bank may at its discretion adjust the early settlement fee at any time.
“Rule of 78”: The Borrower shall also pay an early settlement fee which is 2% of the approved principal amount of the Loan; 1.5% of the amount of the approved Loan for balance transfer (in accordance with the Terms and Conditions of BOC Express Cash Instalment Loan Balance Transfer) per annum for the remaining years of the Loan Period (any part of a year shall be rounded up to a year). The Bank may at its discretion adjust the early settlement fee at any time.
Returned Cheque / Rejected Autopay Charge NIL.
Additional Information
1. An APR is a reference rate which includes the basic interest rates and other fees and charges of a product expressed as an annualised rate.
2. This APR is calculated based on a loan amount of HK$100,000, a loan tenor of 6/12/24 months, a monthly flat interest rate of 0.1298% - 1.5760% / 0.1298% - 1.5760% / 0.1291% - 1.6167% respectively and an annual handling fee of 0.75% - 1.5%. The APR is calculated according to the guidelines laid down in The Hong Kong Association of Banks for reference use only. The actual APR will depend on the customer’s credit rating, loan amount and loan tenor.
3.“Reducing Balance Method” applicable to any loan application on or after 13 January 2020 for BOC Express Cash Instalment Loan/ BOC Express Cash Instalment Loan Balance Transfer / BOC Express Cash Instalment Loan Top up / BOC Express Cash Instalment Loan Balance Transfer Top Up or any loan application on or after 7 June 2020 for BOC Express Cash Instalment loan online application with instant approval service.
4. “Rule of 78” applicable to the loan application on or before 12 January 2020 for BOC Express Cash Instalment Loan/ BOC Express Cash Instalment Loan Balance Transfer / BOC Express Cash Instalment Loan Top up / BOC Express Cash Instalment Loan Balance Transfer Top Up or any loan application on or before 6 June 2020 for BOC Express Cash Instalment loan online application with instant approval service.
Reminder : To borrow or not to borrow ? Borrow only if you can repay!
Notice: 1) For enquiry on your personal information used for this application, please call this Application Hotline. 2) Applicant must be a Hong Kong Resident, aged 18 or above and a full-time employee in Hong Kong with monthly salary of HK$9,000 or above. 3) This form is not for urgent submission of information (e.g. reporting of fraud or suspicious transactions). Should you have any enquiry, please kindly call BOC Express Cash Customer Service Hotline at +852 2108 3611. 4) Important Notes on Precautions of Bogus Voice Message Phone Calls, SMS Messages, Fake E-mails and Fraudulent Bank Websites
    I declare:
(1) I have carefully read and fully understood the  Data Policy Notice, Privacy Policy Statement, Key Facts Statement (KFS) for Instalment Loan, Terms and Conditions and Important Notice, Terms and Conditions of BOC Express Cash Instalment Loan/ Balance Transfer, Declaration and Terms and Conditions and/or Terms and Conditions of the Promotional Offers (if applicable) and agree to be bound by them.
(2) I hereby also agree that the loan application and the personal data submitted will be passed to TransUnion Limited ("TU") and agree to give my consent to and authorize TU to access all or part of my consumer credit data which is held in the database of TU from time to time and further, to use such data for purpose of matching any data purported to be given on my behalf in order to verify my identity, to use and or transfer such data or any data arising therefrom to Bank of China (Hong Kong) Limited ("BOCHK") for purpose of Identity Manager Solutions which is a solution provided by TU for identity management and related solution and only Traditional Chinese and English can be displayed on the TU’s services pages. I further acknowledge and agree that the access and use of my consumer credit data by TU shall not be made the basis for any complaint, claim, suit, demand or cause of action or other proceeding against TU and/or BOCHK by me.
(3) I agree that the required information will be saved by BOCHK for the purpose of following up and completing the application once I click the "Continue" button. I also agree that the application will be followed up by BOCHK via mobile phone and email address.
(4) If I am an existing customer of BOC Credit Card (International) Limited (“the Card Company”) and/or BOCHK, except for the updated information provided in this application, I agree that the Card Company will provide and disclose my personal information in its record (including gender) to BOCHK for the purpose of this loan application, and/or agree to use my personal information in BOCHK record (including gender) for the purpose of this loan application. I hereby declare that such information is true and up-to-date, and agree that the record held by the Card Company (if applicable) will not be updated according to any information of this application.
(5) I agree that if there is discrepancy between the designated information of this application (including the fields marked with @, date of birth, gender and whether a Hong Kong Permanent Resident) and the record held by BOCHK, the bank’s record will be updated accordingly after loan disbursement, and BOCHK will contact me to follow up; other information (including all addresses and telephone numbers) will only be used for the purpose of this loan application and relevant communication in the future. I shall login to Internet Banking (if applicable) or visit any one of BOCHK branches if I would like to update my information in the record held by BOCHK.
(6) I hereby confirm that my residential address and permanent address to be declared by myself in this application are both Hong Kong addresses (not P.O. Box), true and up-to-date.
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