Instant Clear Credit Card Balance Transfer Plan Key Facts Statement

Key Facts Statement (KFS) for Instalment Loan

This product is an instalment loan.

This KFS provides you with indicative information about interest, fees and charges of this product but please refer to our offer letter for the final terms of your instalment loan.

Interest Rates and Interest Charges

Annualised Percentage Rate (APR)

For a loan amount of HK$100,000:

Loan Tenor	6-months	12-months	24-months
APR	1.03%	3.35% - 23.65%	3.47% - 23.81%

The APR is calculated based on the guidelines as set out in the Code of Banking Practice and a 365-day year (or a 366-day year for leap years). An APR is a reference rate which includes the basic interest rates and other fees and charges of a product expressed as an annualised rate.

Annualised Overdue / Default Interest Rate

Not applicable.

Fees and charges

Handling Fee	HK$0 - HK$300.
Late Payment Fee and Charge	HK$0.
Prepayment / Early Settlement / Redemption Fee	2% of the remaining monthly principal repayment amount(s) of your Instant Clear outstanding will be charged to Mox Credit if you repay an entire Instant Clear early. We call this the early repayment fee. An early repayment fee may also be charged to Mox Credit if your Instant Clear is cancelled or suspended by Mox in accordance with Schedule 3 to the General Terms and Conditions.
Rejected Cheque / Rejected Autopay Charge	HK$0.

Additional Information

Minimum loan amount eligible for an Instant Clear application	HK$5,000.
Repayment period for an Instant Clear	3 to 60 months.
Monthly instalment for an Instant Clear	Your “monthly instalment” for an Instant Clear is broken down into: (a) the “monthly fee”, being the amount of interest you will be charged on the Instant Clear and required to repay in each month (the rate of which is calculated by reference to the applicable APR); and (b) “monthly principal repayment amount”, being the difference between the “monthly instalment” and the “monthly fee” for a month reflecting the principal amount of the eligible Instant Clear payment required to be repaid in that month. We will charge each monthly instalment for an Instant Clear to Mox Credit which will be shown on your Mox Credit statement. The following amounts will be included in the minimum amount due set out in your Mox Credit statement: (a) 100% of the monthly fee portion of the monthly instalment (in each Mox Credit statement until your Instant Clear is repaid in full); (b) 1% of the monthly principal repayment amount portion of the monthly instalment (in each Mox Credit statement until your Instant Clear is repaid in full); and (c) (if applicable) 100% of the early repayment fee (once only for each Instant Clear you repay early), (see Note 1).
If you are unable to fully settle a monthly instalment of your Instant Clear, please consider whether any other lending option is more suitable for you based on your own circumstances, or contact us for details. Please note that we do not appoint any third parties to refer Instant Clear applications to us and will not process any application that was referred by a third party under a beneficial arrangement. If you have any questions about Instant Clear, please contact us.

Note 1: If you fail to pay your Mox Credit statement balance in full, or if you only pay the minimum amount due shown therein, on or before the payment due date of that Mox Credit statement, we will charge you interest as set out in the Mox Credit Key Facts Statement.

We can make changes to this Instant Clear Credit Card Balance Transfer Plan Key Facts Statement for any reason but we’ll give you notice of any changes. The English version prevails if there is any inconsistency between the English and Chinese versions.

Last updated: 3 April 2023.