, Hong Kong
Mr. Eric Sum, Managing Director, Chief Financial Officer, Alternative Chief Executive of Fusion Bank (left) and Mr. Raymond Cheung, Chief Operating Officer of JC Motor Limited (right) signed the Green Financing Partnership Agreement..

Hong Kong’s Fusion Bank offer digital loans for BYD electric cars

The loan has an annual percentage rate (APR) of as low as 3.9%.

Hong Kong’s Fusion Bank has partnered with JC Motor Limited, the exclusive distributor of BYD electric cars in the city, to offer easy fund loans.

Customers can now purchase BYD vehicles without collateral and loan prepayment, as well as enjoy same-day approval and disbursement, when they apply for a car loan with Fusion Bank. The loan has an annual percentage rate (APR) of as low as 3.9%.

Loan customers can also enjoy membership awards of up to HK$9,100.
 The “Easy Fund” loan reportedly combines the benefits of both revolving and installment loans, meaning customers only have to apply once, Fusion Bank said. They can then redraw within their available credit limit and repay in installments once the loan has been approved, giving them the flexibility to use their loans to meet other financial needs. 

To apply, prospective BYD car owners need only to login to Fusion Bank’s mobile app and complete their loan application in a few simple steps without submitting any supporting documents, the bank said.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!