Interest rate table for redrawing Personal Instalment Loan
| Range of New Loan Amount (HKD) |
||||||
Repayment Period (Month) |
3,000 - 14,999 |
15,000 - 49,999 |
50,000 - 99,999 |
|||
|---|---|---|---|---|---|---|
0.89% flat p.m. |
0.77% flat p.m. |
0.65% flat p.m. |
||||
Monthly Repayment (HKD)* |
APR + |
Monthly Repayment (HKD) * |
APR + |
Monthly Repayment (HKD) * |
APR + |
|
6 |
175.6 |
21.77% |
174.4 |
18.90% |
173.2 |
16.09% |
9 |
120.1 |
22.06% |
118.9 |
19.09% |
117.7 |
16.17% |
12 |
92.3 |
22.11% |
91.1 |
19.11% |
89.9 |
16.16% |
18 |
64.5 |
21.99% |
63.3 |
19.00% |
62.1 |
16.04% |
24 |
50.6 |
21.76% |
49.4 |
18.82% |
48.2 |
15.90% |
36 |
36.7 |
21.23% |
35.5 |
18.40% |
34.3 |
15.58% |
48 |
29.8 |
20.72% |
28.6 |
18.00% |
27.4 |
15.28% |
54 |
27.5 |
20.46% |
26.3 |
17.79% |
25.1 |
15.11% |
60 |
25.6 |
20.22% |
24.4 |
17.61% |
23.2 |
14.97% |
| Range of New Loan Amount (HKD) |
||||||||
Repayment Period (Month) |
100,000 - 199,999 |
200,000 - 399,999 | 400,000 - 699,999 | 700,000 or above |
||||
|---|---|---|---|---|---|---|---|---|
0.63% flat p.m. |
0.56% flat p.m. |
0.54% flat p.m. |
0.42% flat p.m. |
|||||
| Monthly Repayment (HKD) * | APR + | Monthly Repayment (HKD) * | APR + | Monthly Repayment (HKD) * | APR + | Monthly Repayment (HKD) * | APR + | |
6 |
173.0 |
15.63% |
172.3 |
14.01% |
172.1 |
13.56% |
170.9 |
10.84% |
9 |
117.5 |
15.69% |
116.8 |
14.02% |
116.6 |
13.54% |
115.4 |
10.72% |
12 |
89.7 |
15.67% |
89.0 |
13.97% |
88.8 |
13.49% |
87.6 |
10.62% |
18 |
61.9 |
15.55% |
61.2 |
13.85% |
61.0 |
13.37% |
59.8 |
10.48% |
24 |
48.0 |
15.41% |
47.3 |
13.72% |
47.1 |
13.24% |
45.9 |
10.37% |
36 |
34.1 |
15.11% |
33.4 |
13.46% |
33.2 |
12.99% |
32.0 |
10.18% |
48 |
27.2 |
14.82% |
26.5 |
13.23% |
26.3 |
12.77% |
25.1 |
10.02% |
54 |
24.9 |
14.67% |
24.2 |
13.10% |
24.0 |
12.65% |
22.8 |
9.93% |
60 |
23.0 |
14.53% |
22.3 |
12.99% |
22.1 |
12.54% |
20.9 |
9.86% |
* Monthly repayment amount is shown for a HK$1,000 loan amount for ease of conversion and it is rounded up to one decimal place.
+ The annualized percentage rate (APR) is calculated based on a new loan of HK$10,000 (which comprises an outstanding principal of HK$5,000 and a redrawn loan amount of HK$5,000).
To borrow or not to borrow? Borrow only if you can repay!