Omicron was killed again, and many industries were forced to close down and unable to do business.
The owners of small and medium-sized enterprises are complaining a lot, but the work and income of wage earners are also greatly affected?!
They have to face the reduction of income and plan for life at the same time, which can be said to be a huge burden, and the newly married Roger is one of the many affected working men.
Due to the repeated epidemics, many wage earners are greatly affected and need an emergency fund to tide over the difficulties.
Roger finally got married last year and entered a new milestone in his life with his wife.
In order to have a peaceful place with his wife, he decided to decorate the home.
Unexpectedly, after signing the contract with the decoration company, he encountered the epidemic, his income was greatly reduced, and at the same time, he was worried about how to raise a large amount of decoration expenses.
In theory, Roger should be frowning, but when he met recently, he found that he was not "his head buried" as he imagined.
After careful inquiries, I found out that he made good use of Fusion Bank's limited-time offers to get over the financial difficulties.
Fusion Bank has recently launched a Buy Now Loan Offer, from now until 28 February, with a withdrawal of HK$150,000 to HK$1,000,000, and the loan period is within 3 - 24 months*, regardless of the original approved interest rate, the actual annual interest rate will be reduced to Buy Now 1.38%^!
Roger said that although there are many loan plans in the market that use "0% interest rate" as a solicitation, there will be handling fees, annual fees, administrative fees, etc., so that the final actual annual interest rate is higher than the borrower's expectations.
If you want to repay early, many institutions require borrowers to pay early repayment fees or penalty interest.
Fusion Bank's limited-time preferential flat rate of 1.38% APR is much more transparent and clear, and the loan program itself will not charge any fees, with 0 handling fees and 0 administrative fees, and there is no penalty interest or handling fee for early repayment of the loan. Allows borrowers to budget more flexibly.
Plus, the interest on the Fusion Bank loan program decreases monthly!
The traditional installment loan calculates the total interest based on the monthly flat rate, and then calculates the fixed monthly repayment amount based on (principal + total interest)/the number of repayment periods. Although the borrower repays the principal every month, the total interest has Calculated early in the morning, it will not decrease.
However, Fusion Bank's installment loan plan only calculates interest on the outstanding loan balance. Since the borrower will repay a fixed principal every month, as the borrower's principal balance becomes less and less, the interest payable will continue to decrease. Plus it can be paid off early without any penalty, so you can save even more on interest payments at any time!
Taking Roger's situation as an example, he withdrew HK$150,000 from Furong Bank on January 26th to renovate his home and deal with the temporary financial difficulties caused by the epidemic, and repay it in 24 months. The total interest he needs to pay is only about HK$2,100. It saves a lot of interest expenses.
And most importantly, Roger repays the same principal amount each month, but interest is calculated on a daily basis on the outstanding loan balance, and as he repays less and less of the principal, the interest payable continues reduce.
He can even pay it off as early as he wants to save on interest payments for the remaining installments!
Roger's Repayment Schedule
Before taking out a loan, be sure to understand and compare the different loan programs.
From now until February 28, you can enjoy a 1.38% APR discount for the first withdrawal of HKD 150,000 to 1,000,000 from the Fusion Bank personal credit line, and the repayment period is within 3 - 24 months*.
In addition, Fusion Bank's loan plan has 0 charges, and there are no penalties for early repayment. Visit Fusion Bank's website to learn more: https://fusionbank.onelink.me/AIUz/138loanhk01
Borrow or not?
Also get a good loan first!
Note: After the credit limit is approved, the final withdrawal amount and the applicable repayment period are determined according to the individual customer's credit status and actual situation.
^ Calculated based on a loan balance of HKD 150,000, a daily interest rate of 0.00377% and a repayment period of 24 months. The calculation is based on 365 days a year. two decimal places) is 1.38%.
#Offer is subject to terms and conditions
*Only applicable to the first drawdown of Personal Line of Credit Loan
(Information and photos provided by customers)
