Exclusive Offer of
Instalment Loan
for Civil Servant¹

OCBC Wing Hang Credit Limited (“Company”) is the wholly-owned subsidiary of OCBC Wing Hang Bank Limited. The Company is the entity which processes the application for the Instalment Loan (the “product”) relating to the Exclusive Offer of Instalment Loan for Civil Servant¹ (the “Offer”) and provides the loan and related services. Customer can submit application through the branches of the Company and OCBC Wing Hang Bank Limited.

1. “Civil Servant” is defined as any person who can provide the payroll slip issued by The Treasury of The Government of the Hong Kong Special Administrative Region, teaching staff of Government schools and aided schools and staff of public organizations and quasi-government corporations. The Company reserves the right to make final decision and interpretation of the definition of “Civil Servant”, and shall not be required to give any reason(s) for its decision(s) and interpretation(s), which shall be final, conclusive and binding on all customers, and the right to require the customers to provide the relevant occupation/employment proof for its decision. To be entitled to the Offer, the customer who is a Civil Servant is required to indicate to the staff of the Company that he/she intends to enjoy the Offer or produce the relevant Promotion Letter or provide the valid Promotion Code as appeared on the website(s)/relevant Promotion Letter at the time of the loan application.

2. Annualized percentage rate ("APR") is a reference rate which includes the basic interest rates and other fees and charges of a product expressed as an annualized rate. APR is calculated according to the method set out in the relevant guidelines under the Code of Banking Practice issued by the Hong Kong Association of Banks, which has been rounded to 2 decimal places and is inclusive of a handling fee of 1% of the approved loan amount per annum. Such handling fee is payable upon loan confirmation. The APRs as shown on the above examples are calculated based on loan tenor of 12 months and 36 months and loan amount of HK$25,000, HK$50,000, HK$100,000, HK$500,000 and HK$800,000 respectively. The interest is calculated based on 365 days per year. Taking a loan amount of HK$100,000 as an example, the monthly flat rate for customers who are Civil Servants applicable to loan tenor of 12 months and 24 months are 0.123% and 0.115% and the APRs applicable to loan tenor of 12 months and 24 months are 4.69% and 4.70% respectively. The foregoing example is for reference only. The repayment tenor is flexible, ranging from a minimum of 12 months to a maximum of 60 months. The approval of the final loan interest rate, APR, loan amount and repayment tenor is subject to the financial condition of the customer. For details, please contact the staff of the Company.

3. The above Offer and the Instalment Loan to which the Offer relates are subject to the applicable terms and conditions of the Offer, product, related loan application form and loan documents. Please contact the staff of the Company for details and enquiries of related terms and conditions and charges details. Loan amount, interest rate, APR, monthly repayment amount and repayment tenor applicable to each individual applicant may be different and are based on the final approval status of the Company. Please contact the staff of the Company for details and enquiries. The Company reserves the right to amend, extend, terminate or cancel the Offer and the related terms and conditions at any time without prior notice. The Company reserves all the final decision on determining the interest rates, APR, loan amount and loan tenor, amending the terms and conditions, approving the loan application and the above Offer. Reference will be made to the customer’s credit reports and the Company has the absolute discretion to reject the loan application without specifying any reasons. Should any dispute arise in connection with the Offer, products and services, the decision(s) and interpretation(s) of the Company shall be final, conclusive and binding on all customers.

The English version shall prevail if there is any inconsistency between the English and Chinese versions.

For details or enquiries about the related terms and conditions, please contact us.

Before you make request for early repayment for Instalment loan, please refer to "FAQ" of this website.