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This means that its making your overall repayment more expensive at a faster rate than any loan with a lower interest rate.
For existing Priority Banking and Payroll Services clients, if the approved loan amount is HK$1,000,000 or above and the approved tenor is for 12 months, + The Monthly Flat Rate shown above was rounded to 3 decimal places for reference only.
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Individuals can receive one loan, however more than one partner in a business can apply for a Start Up Loan.
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Interest rates (Treasury rate plus 1/8%) vary depending on call options and the interim maturity rate selected at each advance, which may be as short as 90 days, with auto-rollover.
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In this way, you will have to make just a single regular payment from now on.
We think people deserve a second chance.
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The amount is based on how much the borrower's payments to date have reduced the loan's principal.