CCBA (Asia) Personal Loan Repayment Schedule1
The example below is for reference only. The details of actual loan repayment is subject to the Bank's final approval.
| Interest Rate (Monthly Flat Rate): |
--% |
Loan Amount: |
HKD -- |
| Handling Fee (p.a): |
--% |
Handling Fee²: |
HKD -- |
| APR³: |
--% |
Total Loan Amount: |
HKD -- |
| Loan Tenor (Months):
|
-- |
Monthly Repayment Amount: |
HKD -- |
| No. of Installments |
Monthly Repayment Amount (HKD) |
Principal Amount (HKD) |
Interest Amount (HKD) |
Outstanding Loan Principal Amount (HKD) |
| 1. |
The Bank uses the Rule of 78 for the apportionment of principal and interest for each monthly repayment of the loan. Please refer to the illustrative example of the apportionment of principal and interest for each monthly repayment of our personal installment loan. The above illustration is for reference only. The details of actual loan repayment is subject to the Bank's final approval. |
| 2. |
Handling fee (if applicable) is lent on top of the loan amount and aggregate as total loan amount. Interest will be calculated on the total loan amount.
|
| 3. |
The Annualized Percentage Rate ("APR") is calculated according to the standard of Hong Kong Association of Banks and rounded to two decimal places. An APR is a reference rate which includes the basic interest rates and other applicable fees and charges of the product expressed as an annualized rate. |
