Balance Transfer Program
Consolidate credit card debts and loans
Consolidate credit card debts and loans to save on considerable interest expense and lower your total repayment amount, as well as obtaining extra cash to regain financial freedom.
Key Facts Statement (KFS) for Instalment Loan
"Low Interest" Balance Transfer Program Promotion
Apply "Low Interest" Balance Transfer Program successfully to enjoy handling fee waiver and following privileges:
- ✓ Up to HK$14,500 cash rebate for drawdown
- ✓ Additional HK$500 cash rebate for apply online
Loan Features
Blank - No value |
Current Credit Card Outstanding * |
CCB (Asia) Balance Transfer Program ^ |
Blank - No value |
Loan amount |
HK$500,000 |
HK$500,000 |
|
Monthly repayment amount |
HK$24,076 |
HK$22,084 |
Monthly repayment amount reduced by 8% |
Repayment period |
275 months |
24 months |
Repayment period shorten to 251 months |
Total interest expense |
HK$524,404 |
HK$30,016 |
Savings of interest expense by 94% |
Notes: The above example is for reference only
For more tips and information, you may refer to our Key Facts Statement (KFS) for Installment Loan or Financial Tips of this website.
Application Requirements
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A Hong Kong permanent resident aged 20 or above
-
Minimum annual income of HK$ 64,000
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Be employed for at least 6 months at the current job
Document Requirement
- To apply for our Balance Transfer Program, please submit the following documents:
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Copy of Hong Kong Permanent Identity Card
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Proof of income
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The latest month's salary slip
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The latest 3 months' payroll account bank statement / account passbook (with the first page showing your name and account number)
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The latest Salary Tax / Profit Tax Demand Note
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The latest 1 month's Mandatory Provident Fund statement
-
Proof of residential address dated within the last 3 months
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Any other document (upon request)
For more tips and information, you may refer to our Key Facts Statement (KFS) for Installment Loan or Financial Tips of this website.
To borrow or not to borrow? Borrow only if you can repay!