Like Tree5Likes

2021 Low Cost Tax Loans (due in 2022)

Closed Thread
Page 1 of 2 1 2 LastLast
  1. #1

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    15,557

    2021 Low Cost Tax Loans (due in 2022)

    CCBA offering loan of 1.6% Apr up to hkd2M.

    https://www.asia.ccb.com/hongkong/pe...PPSLSTLU-PROMO

    Seems you can also get tenor of 60 months.


  2. #2

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    15,557

    DBS tax season loan up to 1.33% APR:

    https://www.dbs.com.hk/personal/prom...-cardtiles1-s4

    shri likes this.

  3. #3

    Join Date
    Aug 2013
    Location
    The World
    Posts
    1,948

    ZA Bank just emailed - 1.75% for $200k+ up to 36 months. I have a referral link too if anyone is interested for an extra bonus.


  4. #4

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    15,557

    SCB offering 1.18% APR for 12 month tenor if loan is HKD1M plus.

    I think they are also offering up to HKD3k rebate.

    https://www.sc.com/hk/loans/personal-instalment-loan/

    shri, caipiroska and bdw like this.

  5. #5

    Join Date
    Aug 2006
    Posts
    7,517

    2022 Tax loans

    2021 and 2020 threads for reference.

    Anyone seen some good offers?

  6. #6

    Join Date
    Sep 2015
    Posts
    463

    Do banks offer tax loans if you still have one that’s being paid eg took a two year tax loan in 2020


  7. #7

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    15,557
    drumbrake likes this.

  8. #8

    Join Date
    Feb 2005
    Location
    Manchester, UK
    Posts
    7,789
    Quote Originally Posted by Hkemail888:
    Do banks offer tax loans if you still have one that’s being paid eg took a two year tax loan in 2020
    If you can pay back monthly and meet their stress test/credit rating, off course they will love for you to take out another loan and pay them interest

  9. #9

    Join Date
    Aug 2014
    Posts
    3

    Has anybody ever tried to game the banks and apply for 3 banks at the exact same time and drawdown 3 tax loans simultaneously? I suspect the TU is not updated hourly and as long as the checks are done only once then you could game it?

    Risk of having the loan clawed back I guess, however, if no penalty fees then it would be fine?


  10. #10

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    5,585
    Quote Originally Posted by ElizaPl:
    Has anybody ever tried to game the banks and apply for 3 banks at the exact same time and drawdown 3 tax loans simultaneously? I suspect the TU is not updated hourly and as long as the checks are done only once then you could game it?

    Risk of having the loan clawed back I guess, however, if no penalty fees then it would be fine?
    you are assuming that all three banks the approving officers work at the same time once you press the button of application.. but in actual fact different people would be scheduling jobs differently..

    but honestly for a tax loan like this that is tied to your income, i really doubt they would be too worried and they might even skip the credit union step entirely..

Closed Thread
Page 1 of 2 1 2 LastLast