"Credit-to-Cash" Program

"Credit-to-Cash" Program

Enjoy Financial Flexibility
Monthly handling fee as low as 0.26%

"Credit-to-Cash" Program

    CMB Wing Lung Credit Card has prepared back up cash for you to fulfill your financial needs.

    Special-low Handling Fee

    Monthly handling fee as low as 0.26%*

    Credit-to-Cash Amount Monthly Handling Fee
    Repayment Instalment Period
    (6 / 12 / 18 / 24 / 36 months)
    HKD40,000 or above 0.26%
    HKD3,000-HKD39,0008 0.30%

    * Annualized Percentage Rate (APR) is 5.46% (6 months) for monthly handling fee of 0.26%. (APR is a reference rate which includes the interests and other fees and charges of the product expressed as an annualized rate. APR is calculated according to the method set out in the Code of Banking Practice.)

    Example：Credit-to-Cash Amount of HKD40,000 with 24 months repayment instalment. The Handling Fee, Monthly Repayment Amount and Monthly Principal of each Credit-to-Cash Amount of HKD10,000 is as follows:

    Handling Fee Monthly Repayment Amount Monthly Principal
    Monthly Handling Fee
    HKD26
    (HKD10,000 x 0.26%)

    Total Handling Fee
    HKD624
    (HKD26 x 24 months)    		 First month HKD458^

    Afterwards HKD442 per month

    [(HKD10,000 + HKD624) / 24 months]     		First month HKD432
    (HKD458 - HKD26)

    Afterwards HKD416 per month
    (HKD442 - HKD26)

    ^ If the Credit-to-Cash Amount and Handling Fee is not divisible by the repayment instalment period, the remaining amount will be deducted from the account in the first repayment instalment.
    The above example is for reference only, for the actual monthly repayment amount, please refer to the monthly statement.

    Practical Tips

    Q: Do I save handling fee expenses by making early repayment of Credit-to-Cash Amount of CMB Wing Lung Credit Card "Credit-to-Cash" Program?

    A: You have to pay an early repayment handling fee, and repay the total outstanding balance of Credit-to-Cash Amount and total handling fee immediately if making early repayment of Credit-to-Cash Amount of CMB Wing Lung Credit Card "Credit-to-Cash" Program. Therefore, you DO NOT save handling fee expenses by making early repayment of Credit-to-Cash Amount of CMB Wing Lung Credit Card "Credit-to-Cash" Program.

     

    Easy Application, cash will be credited into your bank account as soon as 4 working days.

    Application Hotline: 3711 7188

    Enquiry

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


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