From application to setup, it’s all done on the Mox app anytime, anywhere. There’s no waiting and no additional documents required. Once you apply, you’ll instantly get an application decision¹ . That means you’ll immediately receive the money you borrowed in your Mox Account with ‘Instant Loan’ or be able to pay your credit bills right away with ‘Instant Clear’.
When you make an eligible transaction, you can decide to split it right then and there or wait a bit. It’s up to you whether you want to split a transaction, as long as it’s any time before your statement date.
It's up to you how long you want your repayment period to be, it’s your choice any time between 3 and 60 months. You’ll get a competitive and transparent annual percentage rate (APR) which is updated in real time based on your selection. And best of all, there’s no late payment fee – no worries!
|Outstanding Balance of a Credit Card²||Mox Instant Clear³ʼ⁴|
|Repayment period (month)||337||48 (-86%)|
|Average monthly repayment||HKD2,963||HKD2,203 (-26%)|
|Total interest expense||HKD285,987||HKD5,760 (-98%)|