From now till 31 March, enjoy a standard APR of 1.88%[1] during promotion period by successfully applying a loan of HKD 200,000 or above with a tenor of 6 – 24 months.
apply. To borrow or not to borrow? Borrow only if you can repay.
One fixed price, guaranteed APR 1.88%[ 1 ]
Loan amount up to HKD 1,000,000
Entire application goes online, 24/7 review your application
Loan Interest Rate Table
Loan Amount
Repayment period
Monthly Flat Rate
Annualized Percentage Rate (“APR”)
HKD 200,000 or above
6 months
0.0909%
Guaranteed 1.88%
9 months
0.0866%
12 months
0.0845%
18 months
0.0825%
24 months
0.0815%
The first ever 30 minutes pledge in Hong Kong
1. Submit the required documents
Submit the application information and required documents via the APP (during service hours* between 9:30 am to 12:00 am, Monday to Friday, excluding public holidays).
2. 30 Minutes Pledge
After submitting your application, we commit to reviewing your application within 30 minutes, or else you'll get HKD10 for every minute of overtime, and possibly up to HKD500!
3. Receive prompt result
After receiving and confirming the final result, get your loan and cash rebate instantly!
apply
*The service hours of 30 Minutes Pledge have been updated from 16 January 2021 onwards. This promotion is valid until 30 June 2021.
Complete the loan application in 4 steps
Repayment Calculator
The result from repayment calculator is for reference only. The actual result that will apply will be based on customer’s final loan amount, credit rating and other factors as assigned and considered by the Bank.
Loan amount (HKD)
Loan amount must be in multiples of HKD1000
Loan amount must be in between HKD 5,000 and HKD 1,000,000
Monthly Flat Rate (%)
Repayment period (month)
Maximum 60 months
Handling fee
0.00
Monthly Repayment Amount (HKD)
0
Total Interest (HKD)
0
APR
0%
Repayment Schedule
Monthly instalment amount is combined of principal and interest payable. Under the “Rule
of 78”, the proportion of interest will be more in earlier instalments comparing to the later ones. Below is an example to demonstrate the calculation of interest fee under “Rule of 78”. For example, if a loan is to be repaid over 12 instalments, the total interest will be divided into 78 portions (12 + 11 + 10 + … + 1 = 78). 12/78ths of the total interest is allocated as the first instalment’s portion of the interest payable, 11/78ths of the total interest is allocated as the second instalment’s portion and so on until the twelfth instalment, at which 1/78th of the total interest is allocated as that instalment’s portion of the interest payable.
|
FAQ
Monthly instalment amount is combined of principal and interest payable. Under the “Rule of 78”, the proportion of interest will be more in earlier instalments comparing to the later ones. Below is an example to demonstrate the calculation of interest fee under “Rule of 78”. For example, if a loan is to be repaid over 12 instalments, the total interest will be divided into 78 portions (12 + 11 + 10 + … + 1 = 78). 12/78ths of the total interest is allocated as the first instalment’s portion of the interest payable, 11/78ths of the total interest is allocated as the second instalment’s portion and so on until the twelfth instalment, at which 1/78th of the total interest is allocated as that instalment’s portion of the interest payable.
You may early repay the instalment loan in full, but not part of it at any time. If you wish to repay your Loan early, you can simply make the request via ZA Bank APP. You will be required to pay the remaining principal, plus the accrued but unpaid interest for the instalment that you make early settlement, plus any other sum due to us. We will also charge you an early settlement fee of 2% of the outstanding principal amount.
No.
A bank saving account will be created upon your loan drawdown for a new bank customer, which will be used for fund disbursement and monthly repayment.
[ 1 ] The Annualized Percentage Rate (“APR”) of 1.88% is calculated based on a loan amount of HKD200,000 or above and repayment tenor of 6 - 24 months. For tenor of 24 months, monthly flat rate is 0.0815%, please refer to the Loan Interest Rate Table for monthly flat rate of other tenors. Interest is calculated on the basis of 365 days per year. The APR is calculated using method specified in relevant guidelines issued by the Hong Kong Associations of Banks. The APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualized rate.
