7-days Cooling-off Period

1.  Subject to the approval of the Bank, a 7-days Cooling-off Period is offered on application by Eligible Customers who have successfully applied for and drawn down the Loan and wish to early redeem the Loan in full within 7 calendar days of the drawdown date. Subject to the Bank’s approval of the application for the 7-days cooling-off period and settlement of the Loan in full to the Bank’s satisfaction, the Bank will waive the handling fee, the early redemption fee (2% of the outstanding principal) and the first month’s interest payable by the relevant Eligible Customer under the Loan (“Waiver”), and will exercise its right under Clause 6.1. Eligible Customers who have enjoyed the Waiver will not be entitled to any other promotional offers by the Bank.

2.  Each Eligible Customer may only enjoy the 7-days Cooling-off Period once during the Promotion Period.

3.  These terms and conditions should read in conjunction with the Bank’s Instalment Loan Terms and Conditions. If there are any inconsistencies between the Instalment Loan Terms and Conditions and the terms herein, the Instalment Loan Terms and Conditions shall prevail.

4.  In case of any ambiguity, doubts or dispute arising out of or under any of these terms and conditions or any communications (whether written or oral), the decision of the Bank shall be final and conclusive.

5.  These terms and conditions are governed by and construed in accordance with the laws of the Hong Kong SAR and the parties submit to the jurisdiction of the courts of the Hong Kong SAR.

6.  No other than the Eligible Customers and the Bank (includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provision of these terms and conditions.

7.  In case of discrepancy between the English and Chinese versions of these terms and conditions, the English version shall prevail.

To borrow or not to borrow? Borrow only if you can repay!