DreamCash Tax Loan Terms and Conditions:
Remarks of Interest Rate Table:
^ The Interest Rate Table for Selected Customers is only applicable to Selected Customers. “Selected Customers” include new customers (new customers refer to customers who have not held any products of the Bank within 12 months before the date of submitting the application and product categories include but are not limited to deposit accounts, fi xed deposit accounts, credit cards and personal loans etc.), the Bank’s Private Banking customers and BComBEST Private Services customers. The Bank reserves the right to interpret the definition and scope of "Selected Customers". Only Selected Customers who successfully apply for DreamCash Tax Loan during the Promotion Period and use the Bank’s account as the loan disbursement and repayment accounts can enjoy the Exclusive Offer for Selected Customer.
#Monthly repayment amount is calculated based on loan amount of every HKD1,000.
l Minimum loan amount is HKD10,000 and must be in multiples of HKD1,000.
l Repayment tenor of 12-month or 24-month is available.
l The Annualized Percentage Rate (APR) is calculated based on the loan amount of HKD10,000, HKD200,000, HKD500,000, HKD1,000,000 and HKD1,500,000.
l The Interest Rate Table is for reference only. APRs as shown are calculated according to the guideline set out in the Code of Banking Practice and rounded up/down to the nearest two decimal places. APR is a reference rate, which includes all applicable loan interest rates, fees and charges of the loan product, expressed as an annualised rate.
l The APR and monthly repayment amount applicable to individual customers may differ, customers should refer to the loan confirmation letter for the actual related information.
Remarks: | |
i. | Customer may choose to draw down the loan within 30 calendar days from the date of successful loan approval and the loan disbursement date must be a business day of the Bank. Saturday, Sunday or Hong Kong public holidays cannot be selected (e.g. if the loan approval date is on 3 January 2024, customer may choose to draw down the loan on any business day between 3 January 2024 and 1 February 2024). Interest shall be charged on the loan amount at the applicable interest rate (which will be stated in the Loan Confirmation Letter) starting on the day the Bank disburses the disbursement amount to the customer until full repayment of the relevant loan. The first repayment date will be one month after the drawdown date. If the monthly repayment date falls on a Saturday, Sunday or Hong Kong public holiday, the repayment will become due on the business day of the Bank after that designated repayment day provided that if that business day falls on a date of another calendar month, repayment will instead become due on the business day of the Bank prior to that designated repayment date. |
ii. | Loan amount up to HKD4,000,000 or 12 times of monthly salary (whichever is lower) is only applicable to DreamCash Tax Loan. The final approved amount will be subject to the customer’s credit status. The approval of the loan and the final approved loan amount are subject to the Bank's final decision. |
iii. | Customer is advised to pay attention to whether interest expenses would be saved by making early repayment of personal instalment loan. For enquiring, please visit website of the Bank https://www.hk.bankcomm.com/hk/hk/cn/file/getContentPath.html?fileId=2504077. |
General Terms and Conditions:
1. The promotion period of this Promotion is from 25 November 2024 to 31 March 2025, both dates inclusive ("Promotion Period").
2. The "Bank" means Bank of Communications (Hong Kong) Limited.
3. For a loan amount of HKD1,500,000 or above, the Annualised Percentage Rate of 1.68% is calculated based on a monthly flat rate of 0.0755% and a 12-month repayment period, including 0% handling fee. Only applicable to Selected Customers. The Annualised Percentage Rates are reference rate which include the basic interest rate and other fees and charges of a product expressed as an annualised rate (if applicable).
4. DreamCash Tax Loan is subject to the terms and conditions of DreamCash Tax Loan.
5. The credit rating of the relevant customer must meet the Bank’s requirements. The approval of the loan is subject to the final decision of the Bank (including but not limited to loan amount, tenor and APR) without providing reasons to the customer.
6. For details of the fees of DreamCash Tax Loan, please refer to the Key Facts Statement for Installment Loan.
7. The Bank reserves the right to terminate or change the above terms and conditions at any time without prior notice. The Bank will not be liable for any changes or termination of the offers.
8. All services and transaction records involved in this Promotion are subject to the Bank’s records. The Bank shall not be liable for any delay or loss of or error in information submitted or any such information being unrecognized due to any technical problems arising from computers or network.
9. In the event of a dispute arising out of this Promotion, the interpretation of these terms and conditions and the eligibility for any rewards, the decision of the Bank shall be final and conclusive.
10. No person other than the relevant customers and the Bank will have any rights under the Contracts (Rights of Third Parties) Ordinance (Cap. 623, the Laws of Hong Kong) to enforce or enjoy the benefit of any term of these terms and conditions.
11. If there is any discrepancy between the Chinese and English versions of these terms and conditions, the Chinese version shall prevail.
The Bank will only provide the digital version of the Terms and Conditions on promotional message and you may want to download and store a copy of these Terms and Conditions for future reference if needed. Please be reminded that you may not be able to review or download the relevant information after the promotion period.You can download each terms and conditions in advance if necessary.Should you find such arrangement not acceptable or have any queries, please contact the Bank staff for assistance.
Terms and Conditions of Promotional Offers:
(1) This Promotion is only applicable to customers who hold Bank of Communications credit card(s) issued by the Bank in Hong Kong, and other principal credit cards as designated by the Bank from time to time (excluding supplementary cards, the Pacific Internet Cards and gift cards) (“Eligible Credit Card”).
(2) The Spending Reward Promotion Period is from 25 November 2024 to 31 December 2024, both dates inclusive (the “Spending Reward Promotion Period”).
(3) Up to HKD2,000 Spending Reward (“Spending Reward”) includes Reward 1 and Reward 2.
Reward 1: Customers who successfully apply for a designated amount of DreamCash Tax Loan during the Spending Reward Promotion Period and draw down the designated amount on or before 31 January 2025 and also hold an Eligible Credit Card can enjoy a spending reward of up to HKD1,500. The calculation details of the Spending Reward are as follows:
Designated Loan Drawdown Amount (HKD) | Spending Reward (HKD) |
200,000 - 499,999 | 800 |
500,000 - 999,999 | 1,000 |
1,000,000 or above | 1,500 |
Reward 2: Customers who successfully apply for DreamCash Tax Loan via the Bank's website (Mainpage>Personal Banking>Loans) during the Spending Reward Promotion Period and draw down on or before 31 January 2025, and hold an Eligible Credit Card can enjoy extra HKD500 Spending Reward.
(4) Each Customer can enjoy each of Reward 1 and Reward 2 once during the entire Spending Reward Promotion Period.
(5) All Spending Reward will be credited to customers’ valid Eligible Credit Card accounts on or before 30 April 2025. If customers hold more than one valid Eligible Credit Cards (based on credit card number), the Spending Reward will be credited to any valid Eligible Credit Card accounts held by the customers with the Bank at the Bank’s absolute discretion. Customer must maintain their Eligible Credit Card account(s), repayment account and loan account in normal, valid, non-delinquent and in good standing at the time when Spending Reward is credited, or otherwise the Bank reserves the right to disqualify customers from receiving the Spending Reward without further notice.
(6) Spending Reward awarded can only be used for retail spending and cannot be used as cash advance or to offset financial charge or to settle outstanding balance incurred before Spending Reward is awarded. Spending Reward cannot be redeemed for cash or other gift items, refunded or transferred.
(7) The Bank reserves the rights to terminate the above offers, or to amend the terms and conditions at any time without prior notice. The Bank has no liability for any changes or termination of the offers.
Credit Reference Matters
a. The Bank subscribes “TransUnion”credit reference services. Enquiry please contact “TransUnion” at (852)2577 1816.
b. The Bank will share the relevant consumer credit data of customer with “Multiple Credit Reference Agencies”. Selected Credit Reference Agencies (Include TransUnion and PingAn One Connect Credit Reference Services Agency(HK)) would share the information held by “Multiple Credit Reference Agencies”.
c. Customer is entitled to request for a Credit Report from each selected Credit Reference Agency without charge every 12 months respective to each Selected Credit Reference Agency.
To borrow or not to borrow? Borrow only if you can repay!
Bank of Communications (Hong Kong) Limited (Incorporated in Hong Kong with limited liability)