Got a big headache on your tax payment? No problem, ICBC (Asia) is delighted to bring you the Tax Loan which enables you to pay tax at ease and enjoy up to HK$500 cash rebate.

Up to HK$500 Cash Rebate

• HK$100 Cash Rebate

Simply apply Tax Loan with HK$30,000 or above on or before 30 November 2009, you will be entitled to HK$100 cash rebate¹.

• HK$400 Cash Rebate

What’s more, you can earn additional HK$400 cash rebate by applying Tax Loan together with ICBC MasterCard Platinum Card / Titanium Card, you will be even entitled to first 3 years credit card annual fee waiver².

Best Guaranteed Price of the Bank

You may also enjoy "Best Guaranteed Price of the Bank" by applying Tax Loan on or before 30 November 2009.  If the Bank has reduced the Tax Loan interest rate on or before 31 December 2009, your tax loan interest rate will be adjusted by refunding the overpaid interest(s)³.

10-day free-of-charge Return of Loan after drawn down

You may fully repay and cancel the approved Tax Loan within 10 days upon drawn down. No finance charge or interest will be incurred⁴.

Plough Back of part of the repaid Tax Loan principal to Credit Card Limit

Facing problems on Credit Card limit lowered by other loan application? Don’t worry. Part of your repaid Tax Loan principal amount will be plough-backed to the ICBC Credit Card limit for your ease and shopping enjoyment.

Other Privileges

• Loan amount up to 6 times of monthly salary or HK$800,000 (whichever is lower).
• Preferential interest rate for selected customers. Please refer to the Monthly Repayment Table for details.
• Up to 24 months repayment tenor.

Application in advance

Not yet receive the tax bill? No problem. You may apply and draw down the Tax Loan in advance even you have not received the tax bill. All you need to do is just submitting the tax bill on or before the first payment due date of your tax bill as to enjoy all of the above fabulous Tax Loan offers

Application with ease

Apply by hotline or internet to obtain the Preliminary Approval Result on the same day⁵.

• Application hotline 218 95588
• Click here to apply through internet immediately
• You may also apply for the Tax Loan through facsimile, mail or visit any of ICBC (Asia) branches in person. Click here to download the Application Form.

Monthly Repayment Table

Notes:

• Applicant must be Hong Kong permanent resident and over 18 years of age with monthly salary HK$5,000 or above.
• Selected customers are property owners, professional, civil servants, staff from selected government-related organizations (including staff of Hospital Authority and selected education institutions) and customers with good credit management score under the credit report (Grade B or above).  The Bank reserves the right of determining the final definitions of “Professional”.
• Annualized Percentage rates are calculated according to the guideline of the Code of Banking Practice (not including the maximum HK$500 cash rebate).
• The above Monthly Repayment Table is subject to variation from time to time at the Bank’s absolute discretion without further notice.  The Bank reserves the right for final decision in case of dispute.

Terms and Conditions

1. HK$100 cash rebate is applicable to successful application and draw down of Tax Loan.  The HK$100 cash rebate will be credited to successful applicant’s credit card account (if applying with tax loan at the one time ) or loan repayment account within one month upon the Tax Loan is drawn down.
2. HK$400 cash rebate is a welcome gift  of ICBC MasterCard Platinum Card / Titanium Card exclusively for Tax Loan customers.  Welcome gift offer is not valid for existing ICBC credit cardmembers or who have cancelled any ICBC credit cards in the past 6 months.  HK$400 cash rebate will be directly credited to respective credit card account within 1 month upon cardmember has arranged Tax Loan repayments through direct debit from the newly approved ICBC MasterCard or spend/ cash advance of HK$3,000 within the first 2 months of card issuance.  The Bank will charge a handling fee if new cardmember cancels the credit card within 12 months from card issuance (HK$700 for each principal card, HK$400 for each supplementary card) .
3. Calculation of overpaid interest(s): (Original monthly repayment amount ¡V New monthly repayment amount after interest rate adjustment = Overpaid interest(s)).  The overpaid interest(s) will be refunded and credited to the repayment account of respective customer within 2 working days after tax loan monthly repayment date .  For early repayment, the overpaid interest(s) will be calculated and refunded on a pro-rata basis .
4. For Tax Loan cancellation within 10 days from loan draw down date, customer must repay the full principal loan amount (including HK$100 cash rebate if applicable) to the Bank.  If customer has also applied ICBC MasterCard Platinum Card/ Titanium Card and already got HK$400 cash rebate, he/she must spend/ cash advance of HK$3,000 within the first 2 months of card issuance, otherwise, the Bank reserves the right to debit HK$400 cash rebate from the designated credit card account.
5. Online or hotline application must be submitted within the Bank’s office hour (Monday to Friday 9:00am ¡V 6:00pm; Saturday 9:00am ¡V1:00pm).  Our Customer Services Officer will call and inform the applicant of the initial application result at the same day of application.  The initial result is for reference only, the final result is subject to the credit status and information/ documents submitted by the applicant.  The Bank has the sole and absolute discretion to decide whether to accept the application or not.