Key Facts Statement/Schedule of Fees and Charges
Low Rate High Gear
Apply for a Car Loan successfully and draw down on or before 4 May 2026 to earn up to HK$12,999 cash rebate*！
| APR as low as 1%^ |
Loan amount up to 16X of monthly salary (no limit on car price) |
| No collateral required |
No limit on car age |
| 0% handling fee |
Repayment tenor up to 60 months |
| 7-days Cooling-off Period |
Streamline loan application and approval process by setting up “IADS” |
*For the cash rebate offers, please refer to the “Offer Terms and Conditions” for details
^The Annualised Percentage Rate (“APR”) as low as 1.00% is for reference only (It is calculated as for a loan amount of HK$4,000,000, with a monthly flat rate of 0.0450% and a repayment period of 12 months). The preferential interest rate is only applicable to individual customers who fulfil the approval requirement on credit ratings, Salaries Tax or Personal Assessment for 2024/2025 is HK$1,000,000 or above. If customer’s loan application cannot fulfill our approval requirements such as credit ratings or other factors and requirements, BEA may evaluate the application on a case-by-case basis and the interest rate may be adjusted. The promotion of preferential interest rate is subject to a limited quota. The provision of the promotion is on a first come, first served basis (as determined by BEA in absolute discretion). BEA will not update customer on the quota usage of the promotion or its continued availability.
Remarks:
The repayment period is either 12 or 24 months, and the loan amount can be up to 16 times the applicant’s basic monthly salary (maximum HK$4,000,000). The repayment period is either 36, 48, or 60 months, and the loan amount can be up to 16 times the applicant’s basic monthly salary (maximum HK$2,000,000). The final approved loan amount, based on a multiple of the applicant’s monthly salary, is subject to change in accordance with individual circumstances.
0% Handling fee is only applicable to Online/Branch application.
The Annualised Percentage Rate ("APR") as shown is calculated according to the standard method set out in the Code of Banking Practice and is rounded up or down to the nearest 2 decimal places, and includes the full arrangement fee waiver. The APR is for reference only. Please note that the APR stated in the loan confirmation letter will not include any cash rebate. Actual APRs and monthly repayments may differ, and the details stated in the loan confirmation letter shall prevail.
If the requested loan amount is approved in full, The Bank of East Asia, Limited will not notify the applicant. The Loan amount will be credited to the applicant’s designated bank account directly.
To promote responsible borrowing and reduce the risk of impulsive and excessive borrowing, our bank provide the cooling-off period to this loan product. Please refer to the
notice for details.
General Notes:
APR from 1.00% to 36.00%
Repayment period from 12 to 60 months
Reminders about Responsible Borrowing
You should have a clear understanding of your financial condition, daily expenses, and actual borrowing needs.
You should assess your repayment ability and avoid over-borrowing.
You should repay any outstanding balance on time to avoid late payment charges and additional overdue interest.
To borrow or not to borrow? Borrow only if you can repay!
Useful Links:Key Facts Statement (KFS)Terms and ConditionsFrequently Asked QuestionsLoan Calculator
