Express Money Interest Free Loan
 

Express Money Interest Free Loan offers you an instalment loan with a 0% interest rate, and approval and disbursement can be completed within 30 minutes, allowing you to enjoy more flexible cash instantly!
 
  • Daily handling fee as low as HK$0.9 2
  • Maximum Loan Amount up to HK$500,000 or 6 times your monthly salary 3 (whichever is lower)
  • 30 Minute Approval and Disbursement 4
  • Easy Application for New Job Starters 5 - An employment letter or an employment contract serves as income proof for your application
  • Super-long loan tenure: up to 60 months 6
 

Monthly Repayment Table
Loan Amount (HK$)
Monthly Handling Fee calculated on every HK$10,000 Loan Amount 7(HK$)
Monthly Repayment Amount 8 calculated on HK$10,000 Loan Amount (HK$) (Annualized Percentage Rate)8
$300,000-$500,000
$28
$861 (6.32%)
$200,000-$299,999
$35
$868 (7.94%)
$50,000-$199,999
$42
$875 (9.58%)
$5,000-$49,999
$50
$883 (11.53%)
 
 
*Input (1) Name (2) Loan Amount and (3) Repayment Tenure (e.g. Lam Siu Man, 50000, 24). Our Bank provides a designated staff member to follow up matters with the customer by calling the number from which the SMS was sent on the next working day after receiving the SMS. Individual telephone network providers will charge a fee for the SMS in accordance with their fee charging schedules.
 
 
Terms and Conditions:
  1. The promotion period is from 23 February to 30 May  2009 (“Promotion Period”).
  2. The calculation of the HK$0.9 handling fee is based on every HK$10,000 loan amount, a monthly handling fee of 0.28% (Annualized Percentage Rate is 6.32%), a 30-day month and assumes an aggregate loan amount of HK$500,000.
  3. A loan amount of HK$300,000 or above is applicable only to property owners or preferential customers of MEVAS Bank (“the Bank”), including civil servants, professionals, staff of selected government organizations / public organizations, full-time teachers, staff of tertiary institutions / universities and staff of selected financial institutions and Dah Sing VIP Banking Customers.
  4. The “30-Minute Approval and Disbursement” is applicable only to phone-in or walk-in customers who submit all of the required documents on the application date. The process starts from the moment that Dah Sing Bank staff confirm receipt of all the required documents and information with the customers. The application should comply with the general loan approval procedures of the Bank and should not exceed a loan amount of HK$100,000. Customers should choose to draw their loan at branches. This service is available from 9:00 am to 5:00 pm Monday to Friday and from 9:00 am to 12:00 noon on Saturdays, which may be subject to change according to actual circumstances.
  5. Applicants must be aged from 18 to 30 and must be currently employed. The employment period must be within 6 months. Loan amount is up to HK$50,000.  For loan amounts of HK$5,000 – HK$50,000, the monthly handling fee is 0.68% on the principal loan amount. The annualized percentage rate is 15.8%, with a calculation based on a loan amount of HK$27,500 and a loan tenure of 12 months.
  6. Loan tenures of 49 months or above are available only for property owners. It is not applicable to new job starters. 
  7. Handling fees for interest-free loans vary by loan amount. The monthly handling fees for loan amounts between HK$5,000 – HK$49,999, HK$50,000 – HK$199,999, HK$200,000 – HK$299,999 and HK$300,000 – HK$500,000 are 0.50%, 0.42%, 0.35% and 0.28% on the principal loan amount, respectively.
  8. The monthly repayment amount (including the said handling fee) will be debited every month from the repayment account on the due date. The monthly repayment amount will be rounded up to the nearest integer. The above annualized percentage rates and monthly repayment amounts are calculated according to the Code of Banking Practice, subject to a 12-month loan tenure and loan amounts of HK$ 400,000, HK$250,000, HK$125,000 and HK$27,500, respectively. The above annualized percentage rates and monthly repayment amounts may vary for individual customers.
  9. The Bank reserves the right to terminate the above offers, or to amend their terms and conditions at any time without prior notice. In case of disputes, the decision of the Bank shall be final.