Personal Tax Loan

Pay Your Tax and Fulfill Your Dreams. ICBC (Asia) offers you preferential interest rate and flexible loan tenor with handling fee waiver. You can now have ample cash and achieve higher goals.

Interest Rate Offer

  • Monthly flat rate as low as 0.09%1&2, annualised percentage rate as low as 1.86% 1&2

Cash Rebate

  • Up to HK$200 Cash Rebate3

Product Features

  • Loan amount up to HK$4,000,000 or 15 times of monthly salary (whichever is lower)4
  • Flexible loan tenor up to 24 months5
  • Handling fee waiver for entire repayment period

Monthly Repayment Schedule

Privileged and Existing Banking Customer6

Loan Amount(HK$) Monthly Flat Rate 6-month 12-month Monthly Flat Rate 18-month 24-month
Annualised percentage rate 2
Monthly Repayment Amount (HK$)7 Annualised percentage rate 2
Monthly Repayment Amount (HK$)7 Annualised percentage rate 2
Monthly Repayment Amount (HK$)7 Annualised percentage rate 2
Monthly Repayment Amount (HK$)7
$1,000,000 or above 0.090% 1.86% $1675.67 2.01% $842.33 0.095% 2.17% $565.06 2.20% $426.17
$800,000-$999,999 0.105% 2.18% $1677.17 2.34% $843.83 0.115% 2.63% $567.06 2.66% $428.17
$500,000-$799,999 0.115% 2.39% $1678.17 2.57% $844.83 0.125% 2.86% $568.06 2.89% $429.17
$300,000-$499,999 0.155% 3.23% $1682.17 3.47% $848.83 0.165% 3.78% $572.06 3.82% $433.17
$100,000-$299,999 0.165% 3.44% $1683.17 3.70% $849.83 0.175% 4.01% $573.06 4.05% $434.17
$50,000-$99,999 0.175% 3.65% $1684.17 3.92% $850.83 0.185% 4.25% $574.06 4.29% $435.17
$10,000-$49,999 0.185% 3.86% $1685.17 4.15% $851.83 0.195% 4.48% $575.06 4.52% $436.17

Normal Customer6

Loan Amount(HK$) Monthly Flat Rate 6-month 12-month Monthly Flat Rate 18-month 24-month
Annualised percentage rate 2
Monthly Repayment Amount (HK$)7 Annualised percentage rate 2
Monthly Repayment Amount (HK$)7 Annualised percentage rate 2
Monthly Repayment Amount (HK$)7 Annualised percentage rate 2
Monthly Repayment Amount (HK$)7
$1,000,000 or above 0.100% 2.07% $1676.67 2.23% $843.33 0.105% 2.40% $566.06 2.43% $427.17
$800,000-$999,999 0.115% 2.39% $1678.17 2.57% $844.83 0.125% 2.86% $568.06 2.89% $429.17
$500,000-$799,999 0.125% 2.60% $1679.17 2.79% $845.83 0.135% 3.09% $569.06 3.12% $430.17
$300,000-$499,999 0.165% 3.44% $1683.17 3.70% $849.83 0.175% 4.01% $573.06 4.05% $434.17
$100,000-$299,999 0.175% 3.65% $1684.17 3.92% $850.83 0.185% 4.25% $574.06 4.29% $435.17
$50,000-$99,999 0.185% 3.86% $1685.17 4.15% $851.83 0.195% 4.48% $575.06 4.52% $436.17
$10,000-$49,999 0.195% 4.07% $1686.17 4.38% $852.83 0.205% 4.71% $576.06 4.75% $437.17

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



Remarks:
1.Only applicable to the privileged and existing banking customer of Industrial and Commercial Bank of China (Asia) Limited (“the Bank”) who is successfully approved and drawdown the personal tax loan (“Loan”) with an approved Loan amount of HK$1,000,000 or above. Annualised percentage rate (APR) 1.86% is calculated based on monthly flat rate 0.09% and 6-month repayment tenor, the above example is for reference only.
2.The APR of the loan is calculated based on the guidelines as set out in the Code of Banking Practice. The Bank shall have the right at its discretion to apportion any payment between interest and principal in such manner as it shall desire. The annualised percentage rate is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate. The interest rate is applicable on a case-by-case basis and the finally approved interest rate is subject to the loan amount and credit assessment result.
3.Up to HK$200 Cash Rebate Requirement:
(i)Customer who applies for the Loan on or before 31 March 2020, and have the loan successfully approved and drawdown a loan amount of HK$300,000 or above is entitled to enjoy HK$100 cash rebate (“Cash Rebate1”), and
(ii)Customer who has successfully set up a new Deposit Account (excluding Elite Club Account) on or before December 31, 2019, and has not held any account in sole name or joint name (except those who has only credit card account) with the Bank in the 12 months prior to the account opening date refers as New Customer. New Customer who has drawndown the Loan after successful approval by the Bank of the Loan application on or before 31 December 2019 and has successfully set up the Bank account as disbursement and repayment account is eligible for the HK$100 Cash Rebate ("Cash Rebate2"). The Bank reserves the final right to interpret the definition of New Customer.
Each eligible customer can earn the Cash Rebate1 and/or Cash Rebate2 once only. Related Cash Rebate will be deposited into the disbursement/repayment account in the second month after drawdown (For example, if the eligible customer is successfully approved and drawdown the Loan on 8 October 2019, Related Cash Rebate will be deposited into the disbursement/repayment account on or before 31 December 2019). To be eligible for the Related Cash Rebate, eligible customers should maintain good repayment record and the Loan and the account shall remain active and in good condition before and upon receiving the Related Cash Rebate. If eligible customer repay the Loan early before the maturity date, the Bank reserves the right to impose fees and charges upon early repayment of the Loan.
4.The highest approval amount for the Loan is up to HK$4,000,000 or 15 times of monthly salary(whichever is lower), the final approved loan amount will be subject to the customer's situation.
5.Repayment Tenor can be 6-month, 12-month, 18-month or 24-month.
6.Privileged Customers include civil servants, doctors, dentists, pharmacists, accountants, barristers, solicitors, architects, surveyors, engineers, actuaries, town planners, university professors or pilots. Existing Banking Customers include: 1) The Bank's existing bank account customers; 2) The Bank's existing loan customers; 3) The Bank's existing credit card customers. The Bank reserves the final right to interpret the definition of Privileged and Existing Banking Customer. Except Privileged Customers and Existing Banking Customers, the remaining customers are Normal Customers.
7.The above example is for reference only. The monthly repayment amount of the example is calculated based on loan amount HK$10,000 and 6-month, 12-month, 18-month and 24-month repayment tenor.
8.The Bank reserves the right to vary or terminate the offer at any time. The Bank reserves the right for final decision in case of any disputes.
9.In case of any discrepancy between the English and Chinese versions, the English version shall prevail.

For the details of the terms and conditions, please contact our branch staff or refer to the application form.

Key Facts Statement (KFS) for Instalment Loan – Personal Tax Loan
Explanation of “Rule of 78” for Personal Tax Loan
Important Notes for Early Repayment of Personal Tax Loan
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