Bank of East Asia launches new Dual Tax Loan programme

The bank offers Tax Season Loans and Credit Card Tax Loans.

In a release, the Bank of East Asia announced the launch of a new “Dual Tax Loan” programme, offering tax loan privileges on loans both large and small for customers who apply during the promotional period from now until 28th February, 2017. Customers can choose a “Tax Season Loan” or “Credit Card Tax Loan” according to their needs.

The Tax Season Loan provides larger loan amounts, with an exclusive annualised percentage rate (“APR”) as low as 1.48%* for new customers, an extra cash rebate of up to HK$2,600, and a full arrangement fee waiver. Loans can be up to 12 times a customer’s basic monthly salary (up to HK$1,200,000), with a repayment period of up to 60 months.

The Credit Card Tax Loan will appeal to customers looking for smaller loans. By applying for a designated credit card, customers can enjoy an interest-free tax loan ranging from HK$5,000 to HK$100,000, a standardised handling fee of 0.5%, and a 12- month repayment period, all without any spending requirement. Moreover, customers who apply on or before 15th December, 2016 and successfully draw down a loan on or before 30th December, 2016, will be entered into a lucky draw with the chance to win a jet-black iPhone 7 Plus (128 GB).

Mr. Vincent Hui, General Manager and Head of Personal Banking Division of BEA, said, “Most tax loan campaigns promote extremely low interest rates for major loan amounts to attract business, while customers in need of smaller loans are often overlooked. To cater for different customer needs, we are launching a Dual Tax Loan programme with a variety of interest rates and promotional offers. We hope that a wide cross-section of customers can enjoy the benefits of the Dual Tax Loan.”

Terms and conditions apply to the above offers. For more details, please refer to the Appendix. Customers can obtain more information on the promotion or apply for a loan by calling the hotline on (852) 2211 1168, or by visiting the BEA website www.hkbea.com/taxloan2, BEA App, or any BEA branch.

*includes cash rebate