Terms for the Promotion Offers: 1. Limited Time Offer i. The promotion period is from 22 October 2018 to 30 November 2018 (both dates inclusive)( Promotion Period of Limited Time Offer ). ii. HK$400 cash rebate will be given to customers who successfully apply for ismart Tax loan through electronic channel: Internet Banking / mobile app / iservice / wechat of Bank of China (Hong Kong) Limited ( BOCHK ) and drawdown the loan with loan amount of HK$100,000 or above on or before 15 December 2018 (the repayment tenor should be 12 months or above) while HK$150 cash rebate will be given to customers who successfully apply for ismart Tax Loan through hotline / branch and drawdown the loan with loan amount of HK$100,000 or above on or before 15 December 2018 (the repayment tenor should be 12 months or above) during the Promotion Period of Limited Time Offer ( Eligible Customers ). iii. The cash rebate will be credited to the tax loan repayment account on or before 31 March 2019 without prior notice. 2. Referral Program i. The promotion period is from 22 October 2018 to 31 March 2019 (both dates inclusive). ( Referral Promotion Period ). ii. Referrer must receive a designated QR code provided by BOCHK and fulfil ALL of the following requirements ( Eligible Referrer ): (1) AND (2) Have applied for Integrated Account Service (Wealth Management, Enrich Banking or i-free Banking); AND (3) Should maintain a valid HKD Savings Account or HKD Current Account under his / her sole-name (excluding joint-name accounts) with BOCHK. iii. The Eligible Referrer who successfully refers a customer to apply and drawdown ismart Tax Loan, and the referee has fulfilled requirements in 3.i. ( Successful Referral ), the Eligible Referrer can enjoy HK$100 cash rebate. An Eligible Referrer can refer maximum 5 customers in this Referral Program and enjoy maximum cash rebate of up to HK$500. iv. If the referee fails to fufil any requirement listed in 3.i., the eligibility of the Eligible Referrer to enjoy the cash rebate will be void. v. Cash rebate to the Eligible Referrer depends on the number of Successful Referral. vi. The cash rebate will be credited to the tax loan repayment account of the Eligible Referrer on or before 30 June 2019 without prior notice. 3. Referee Offer i. Referee must fulfil ALL of the following requirements ( Eligible Referee ): (1) Must be referred by Eligible Referrer and successfully apply ismart Tax Loan in mobile banking through designated QR Code during the Referral Promotion Period; AND (2) Successfully drawdown ismart Tax Loan with loan amount of HK$100,000 or above; AND
(3) The Eligible Referee should state the English full name of the Eligible Referrer (under the personal savings / current account with BOCHK) in the electronic application form of Mobile Banking, which should be the same with the designated QR Code record issued to the Eligible Referrer by BOCHK. ii. Eligible Referee will be awarded HK$100 cash rebate. Each Eligible Referee can only be referred once during the Referral Promotion Period. In the event that the Eligible Referee is referred by more than one existing tax loan customers, BOCHK will contact the Eligible Referee to determine the successful referral based on the Eligible Referrer details confirmed by the Eligible Referee. Self-referral will not be accepted for this Referral Program. Referrers and referees cannot refer each other to become eligible customers. iii. The cash rebate will be credited to the tax loan repayment account of Eligible Referee on or before 30 June 2019 without prior notice. 4. The status of the tax loan repayment account held by eligible customers should be normal, valid and such accounts should not have overdue / bad records, and the eligible customers should not have breached the tax loan agreement when the cash rebates is credited. Otherwise, BOCHK reserves the right to forfeit the relevant offer without prior notice. Each eligible customer can only enjoy the above benefits once during Promotion Period. Each eligible customer can only enjoy maximum cash rebate of up to HK$1,000 (calculated on an accumulated basis of all of the offers above). 5. Preferential Tax Loan Rate i. The promotion period is from 22 October 2018 to 31 March 2019 (both dates inclusive) ( Promotion Period of Preferential Tax Loan Rate ) ii. For the ismart Tax Loan, the interest rates are calculated based on the table below, with a full handling fee waiver ( Preferential Tax Loan Rate Offer ). The Preferential Tax Loan Rate is applicable to customers who can fulfil the following requirements ( Eligible Preferential Tax Loan Rate Customers ): (1) have successfully drawdown of the loan on or before 12 April 2019; and (2) fulfil the designated customer requirements specified in the table below : Customer Category Payroll Customers Note2 / Tax Loan Loyal Customers Note2 / Selected Customers Loan Amount (HK$) Integrated Account Service Note1 Wealth Management / Enrich Banking $1,800,000 or above 1.78% $1,500,000 - $1,799,999 1.80% $1,000,000 - $1,499,999 2.20% $200,000 - $999,999 2.45% $100,000 - $ 199,999 3.10% Below $100,000 3.80% i-free Banking Non- Integrated Account Service 3.80% 4.00% Other Customers Any amount 3.80% 4.00% 4.00% Eligible Staff Please refer to respective promotion leaflet
Monthly Flat Rate Repayment Tenor APR 1.78% 1.80% 2.20% 2.45% 3.10% 3.80% 4.00% 6 months 0.0859% 0.0869% 0.1060% 0.1180% 0.1489% 0.1821% 0.1915% 12 months Monthly 0.0799% 0.0808% 0.0986% 0.1098% 0.1386% 0.1696% 0.1784% Flat Rate 18 months 0.0780% 0.0789% 0.0963% 0.1072% 0.1354% 0.1657% 0.1744% Note 1: Integrated Account Service - Eligible Preferential Tax Loan Rate Customers must be able to meet the monthly average of Total Relationship Balance of the Integrated Account (see table below) within the period from the application date of ismart Tax Loan to June 2019: Integrated Account Types Wealth Management Enrich Banking i-free Banking Total Relationship Balance HK$1,000,000 HK$200,000 HK$10,000 Definition of Total Relationship Balance - Includes the monthly value of the following items under the customer's name: the average amount of the total day-end balance of the deposit balance in the savings and current accounts, the principal amount of time deposits, contributed amounts of the Club Deposits, value of the investment assets (including Securities, Securities Margin, Bonds, Certificate of Deposit, Funds, Structured Notes, Equity Linked Investments, Currency Linked Investments, Structured Investments, Investment Deposit, Precious Metal / FX Margin, Precious Metals), utilized overdraft balance under the current accounts, cash value of the life insurance plans, outstanding balance of other loans and the vested balance of the Mandatory Provident Funds; and mortgage payments, outstanding balance and un-post installment balance under the BOC Credit Card and the Total Relationship Balance of the Master Customer of Business Integrated Account. For detailed definition of Total Relationship Balance, please enquire BOCHK staff. Note 2: Payroll Service customers - Eligible Preferential Tax Loan Rate customers must maintain a valid sole-name or joint-name of HKD Savings Account or HKD Current Account with BOCHK, and have registered and receive salary by electronic payroll arrangement for a minimum of three months within the period from 22 October 2018 to 31 July 2019 (both dates inclusive) or single standing instruction (not including the standing instruction originating from BOCHK) via Account ( Payroll Account ). Eligible Preferential Tax Loan Rate customers must be still with a valid Payroll Account with BOCHK at the time of loan drawdown.
Salary refers to the basic monthly salary (excluding commission, bonus, double pay, repayment and / or other funds) of which the amount should reach HK$10,000 or above. Electronic payroll arrangement refers to the customer's employer crediting the customer's salary to customer's Payroll Account through the BOCHK's or other banks payroll system. Standing instruction, overseas remittance, local electronic transfer, cheque or cash deposit will not be considered as electronic payroll arrangement. BOCHK reserves the absolute right to define the terms of salary, electronic payroll arrangement and single standing instruction. Tax Loan Loyal customers - Eligible Preferential Tax Loan Rate customers must have successfully applied for ismart Tax Loan with loan drawdown in BOCHK in the past years with good repayment records. Tax Loan Loyal customers are only required to provide copy of tax demand note but not income proof for application. Eligible Staff - For interest rate details of staff, please refer to the respective promotion leaflet or contact BOCHK staff. Eligible Staff refer to current permanent staff of BOCHK (not including staff of overseas affiliated banks and branches), designated group subsidiary and designated subsidiary of Bank of China (Hong Kong) Group. iii. The APRs are calculated according to the guidelines laid down in the Code of Banking Practice and are the annualized reference rates that reflect basic interest and other related fees and charges of the banking products. iv. If customers fail to fulfil the designated customer requirements listed in 5.ii.(2), BOCHK reserves the rights to charge the customers the loan interest difference and debit the amount from any savings / current account of the customers without prior notice. General Terms: Applicants must open and maintain bank accounts with BOCHK as the designated repayment account of ismart Tax Loan. BOCHK reserves the absolute discretion to decide whether to accept or decline any application based on the credit reports of the applicants and information provided by the applicants without providing any reason. BOCHK also reserves the right to request further documents from the applicants for the purpose of evaluation if necessary. The credit score of the applicants must fulfil the requirements of BOCHK. The final approval, the approved loan amount, the repayment tenor and the interest rate are all subject to the final decision of BOCHK without providing any reason. All the information provided by the applicants in the loan application forms shall be final. The applicants shall have agreed and accepted the terms set out in the loan agreement of BOCHK. The above products, services, offers and promotions are subject to the relevant terms. For details, please refer to the relevant promotion materials or contact the branch staff. BOCHK reserves the right to amend, suspend or terminate the above products, services, offers and promotions and to amend the relevant terms at any time at its sole discretion without prior notice.
In case of any disputes, the decision of BOCHK shall be final. Should there be any discrepancy between the English and Chinese versions of this promotion material, the Chinese version shall prevail.