CCB (Asia) x Codeco

Decoration Loan Limited Offer
Monthly flat rate as low as 0.07%
Decorating your home easily

Up to HK$2,000 CoCoMall decoration material cash coupon

Key Facts Statement (KFS) for Installment Loan

Simply Upgrade the Decoration Style to Make Your Dream Home

Make Your Dream Home example:

Mr Chan reserved around HK$200,000 for home decoration; however, the final quotation would be around HK$300,000 as Mrs Chan would like to build more storage places and platform with Brick style for home decoration. Although Mr Chan has plenty of cash flow, he would like to reserve fund for investment and other needs.

Mr. Chan applies a CCB (Asia) Personal Installment Loan – Decoration Loan1 with loan amount HK$300,000, monthly flat rate as low as 0.07%2 and repayment period 24 months, the monthly repayment will be HK$12,710 and extra up to HK$10,000 CoCoMall decoration material cash coupon will be rewarded for purchasing materials at CoCoMall.HK. It makes decorating your dream home with greater financial flexibility.

From now on until March 31, 2021, customers whose application of Personal Installment Loan – Decoration Loan1 is approved and drawn while using Codeco ‘s services are entitled to enjoy the offers below:


cube bullet 1
Monthly flat rate 0.07%2
cube bullet 2
Up to HK$2,000 CoCoMall decoration material cash coupon for loan drawdown10 for purchasing quality materials at CoCoMall.HK*
cube bullet 3
Handling fee waiver

* CoCoMall Technology Limited (“CoCoMall”) is a wholly owned subsidiary by Codeco Technology Limited.

Offers and services are bound by terms and conditions.

From now until March 31, 2021, customers whose application of Personal Installment Loan – Decoration Loan is approved and using Codeco’s services are entitled to enjoy the offers below:

Limited Time Offer

Enjoy the exclusive monthly flat rate at 0.07% and earn HK$2,000 CoCoMall decoration material cash coupon

Monthly flat rate at 0.07%

Standardized Monthly
flat rate at 0.07%

AND
HK$2,000 CoCoMall cash coupon

up to HK$2,000 CoCoMall
decoration material cash coupon

Customers who successfully apply and drawdown on or before March 31, 2021 and using the decoration service of HK$50,000 total project sum or above provided by Codeco (required to submit the signed quotation with Codeco within 3 months starting from the issue date to the Bank) can enjoy the monthly flat rate 0.07% and extra HK$2,000 CoCoMall decoration material cash coupon if using decoration service of HK$200,000 total project sum or above:

CCB (Asia) Personal Installment Loan – Decoration Loan Preferential Interest Rate Reference Table for Limited Time Offer3
Drawdown Loan Amount: HK$100,000 to HK$1,000,000
Tenor 12 Months 24 Months 36 Months 48 Months 60 Months
Monthly Flat Rate 0.07% 0.115%
APR 1.56% 1.62% 2.68% 2.69% 2.69%
Monthly Repayment (HK$) 841 424 290 220 179
Renovation Contract Amount (HK$) CoCoMall Decoration Material Cash Coupon (HK$)
200,000 or above 2,000

or Dial application & enquiry hotline: 317 95501

For decoration service details, please visit https://www.codeco.hk/en/p/mh_ccba_cdc_loanoffer

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Remark: APR of Decoration Loan from minimum 1.56% to maximum 4.44% with repayment period from 12 to 60 months. For Decoration Loan amount of HK$100,000 with 12 months repayment period, the monthly flat rate is 0.07% (APR 1.57%), and the total loan repayment amount is HK$100,848 (handling fee is waived). The above example is for reference only. The loan application and terms of the loan are subject to the Bank’s approval.

To borrow or not to borrow? Borrow only if you can repay!


Promotional Terms & Conditions
A. General Promotional Terms and Conditions of China Construction Bank (Asia) Personal Loan - Decoration Loan ("the Promotion"):
  1. The promotion period is valid from now until March 31, 2021 (the “Promotion Period”). Customers who successfully apply for a China Construction Bank (Asia) Corporation Limited (the “Bank”) Personal Installment Loan – Decoration Loan (“Decoration Loan“) via online or our designated hotline: 317 95501 by providing the promotion code “ADNT”, drawdown on or before March 31, 2021 and using the decoration service of HK$50,000 total project sum or above provided by Codeco (required to submit the signed quotation with Codeco within 3 months starting from the issue date to the Bank) and applied loan amount from HK$100,000 to HK$1,000,000, can enjoy the monthly flat rate as low as 0.07% (For The Annualized Percentage Rate information, please refer to clause 2) and extra HK$2,000 CoCoMall decoration material cash coupon if using decoration service of HK$200,000 total project sum or above (“Coupon Offer”) .
    The Promotion is applicable to customers who (i) are not the Bank existing Unsecured Personal Loan (except Tax Loan) customers and (ii) have not fully settled any type of the Bank’s Unsecured Personal Loan (except Tax Loan) or Secured Loan within the past 12 months from the date of application of Personal Installment Loan or Balance Transfer Program (the “Loan”) under the promotion (“Eligible Customer”). Eligible Customers who successfully apply for the Loan during the Promotion Period and drawdown the Loan on or before March 31, 2021, are entitled to a waiver of handling fee which is 1% per annum of the Loan amount (the “Waiver”). If Eligible Customers fulfill further requirements, they are also eligible for the monthly flat rate as low as 0.07%, the Coupon Offer and the Waiver. Please refer to Part B for details. Waiver together with the Coupon Offer and the monthly flat rate as low as 0.07% are collectively referred as the “Offers”.
  2. The Annualized Percentage Rate (“APR”) 1.56% is calculated based on 12 months repayment period and loan amount of HK$500,000 with monthly flat rate of 0.07%. The APR is calculated according to the standard of Hong Kong Association of Banks and rounded to two decimal places. An APR is a reference rate which includes the basic interest rates and other applicable fees and charges of the product expressed as an annualized rate. Interest is charged daily and calculated on the basis of 365 days per year. The interest rate offer above is only available for selected customers who apply for Personal Installment Loan. The actual APR may vary for individual customer and the final interest rate will be subject to credit condition of the customer, please contact the staff of the Bank for details. The Bank reserves the right of final decision on the interest rate and approval result.
  3. The APR stated above are calculated based on loan amount HK$500,000 and is rounded to 2 decimal places. The monthly repayment amount is calculated based on loan amount of every HK$10,000 and is rounded up to integer. The above interest rate offer is applicable to the good credit rating customers, the Bank will counter offer another interest rate offer to the fair credit rating customers upon loan approval. Please contact our staff for details.
  4. Eligible Customer’s eligibility to the Offers under the Promotion is subject to the requirement of using of decoration service provided by Codeco. If Eligible Customer has not use the decoration service provided by Codeco, Eligible Customer’s entitlement to the Offers will be forfeited. The Bank reserves the right to charge such Eligible Customer an amount equivalent to the amount of the Offers granted.
  5. Each Eligible Customer shall only enjoy the Offers once notwithstanding the number of successful applications and drawdowns during the Promotion Period. If an Eligible Customer has more than one successful applications and drawdown, only the first successful application and drawdown amount will be eligible for the Offers. The above Offers cannot be used in conjunction with other loan promotional offers.
  6. Eligible Customer’s eligibility to the Offers under the Promotion is subject to Eligible Customer’s repayment account remaining valid with good repayment records (as determined at the Bank’s discretion) at the time of the Bank’s giving out the Offers. If Eligible Customer cancels his/her repayment account or the repayment account is invalid during the Offers disbursement, Eligible Customer’s entitlement to the Offers will be forfeited. If Eligible Customer chooses to make early settlement or cancel the Loan, the Bank reserves the right to charge such Eligible Customer an amount equivalent to the amount of the Offers granted.
  7. The Promotion is subject to the "Terms and Conditions for CCB (Asia) Personal Installment Loan", in case of any inconsistency between these terms and conditions and the “Terms and Conditions for CCB (Asia) Personal Installment Loan”, "Terms and Conditions for CCB (Asia) Personal Installment Loan" shall prevail. For promotion offer and related details, please contact the staff of the Bank at 317 95501.
  8. The Bank reserves the right to amend or terminate these Terms and Conditions at any time at its sole and absolute discretion. In case of any dispute, the decision of the Bank shall be final.
  9. In case of any inconsistency between English and Chinese versions of these Terms and Conditions, the English version shall prevail.

B. Terms and Conditions of the Decoration Material Cash Coupon (“Coupon Offer”):
  1. Eligible Customers who successfully apply for a Decoration Loan during the Promotion Period and drawdown on or before March 31, 2021 with using the decoration service of HK$200,000 total project sum or above provided by Codeco Technology Limited (“Codeco”) (required to submit the signed quotation with Codeco within 3 months starting from the issue date to the Bank), can enjoy HK$2,000 CoCoMall decoration material cash coupon according to the requirements listed below:
    Renovation Contract Amount (HK$) CoCoMall Decoration Material Cash Coupon (HK$)
    200,000 or above 2,000
  2. Eligible Customer could visit Codeco stores to collect CoCoMall decoration material cash coupon(s) (“Cash Coupon”) within 3 months after drawdown the Decoration Loan successfully and submitted the signed quotation with Codeco to the Bank.
  3. The Cash Coupon under the Promotion is subject to availability and in any event cannot be exchanged in any way for cash. The Bank shall have the right to offer alternative gift or benefit in substitution of the Cash Coupon. The Bank will not provide notice of non-availability or substitution.
  4. The validity and use of the Cash Coupon under the Promotion shall be subject to the relevant usage instructions and terms and conditions set out by the supplier. The Bank shall not act as, or assume any liability of, a product/service supplier (or its agent). Any claim, complaint, or dispute concerning any Cash Coupon must be referred to and resolved between the relevant supplier and the Eligible Customer, which shall in no way relieve from his / her repayment or other obligations to the Bank.