Like Tree46Likes

2020 Tax Loans

Closed Thread
Page 8 of 8 FirstFirst ... 5 6 7 8
  1. #71

    Join Date
    Feb 2019
    Posts
    3,240

    I got 1.98% for 12 months for 250,000 HKD from SCB, so amounts don't have to be huge.

    Dumped it into stocks in mid-February...


  2. #72

    Join Date
    Nov 2018
    Posts
    83

    Not a tax loan, but a Citi Sales rep called me about their Credit Card Flexi-Installment plan where I get 12 months to pay off this months CC bill. I happened to have bought an annuity for the tax savings too this month. The interest charge is 0.18% a month plus a minimal $100 HKD initial fee. They said they would give me $850 in Wellcome coupons later, so after accounting for that it seems like just a hair over 1% APR. I'll just take the cash at put it back into Citi Time Deposits for almost 2%...


  3. #73

    Join Date
    Aug 2013
    Location
    The World
    Posts
    1,948

    Any advantage of buying an annuity instead of depositng to TVC?


  4. #74

    Join Date
    Nov 2018
    Posts
    83

    Not really, I know I will get my money back eventually (not accounting for inflation). I was just uncertain on equities, so didn't want to pick any MPF funds...


  5. #75

    Join Date
    Jan 2019
    Posts
    1,237

    Just got my 2021 tax bill. When will loans be available?


  6. #76

    Join Date
    Aug 2013
    Location
    The World
    Posts
    1,948
    Quote Originally Posted by aquaman:
    Just got my 2021 tax bill. When will loans be available?
    They seem to be more or less available year-round, although the promos tend to hit the market in October/November based on past experience.

Closed Thread
Page 8 of 8 FirstFirst ... 5 6 7 8