Key Facts Statement for Split Purchase

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 7.52% - 22.56% 8.00% - 23.85% 14.14% - 23.92%

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 We will charge the one-off fee and each monthly instalment for a Split purchase to Mox Credit. They will be shown on your Mox Credit statement.

Please note that the following amounts will be included in the minimum amount due set out in your Mox Credit statement:

(a) 100% of the one-off fee (once only for each Split purchase);

(b) 100% of the monthly fee portion of the monthly instalment (in each Mox Credit statement until your Split purchase is repaid in full);

(c) 1% of the monthly principal repayment amount portion of the monthly instalment (in each Mox Credit statement until your Split purchase is repaid in full); and

(d) (if applicable) 100% of the early repayment fee (once only for each Split purchase you repay early).

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.

Fees and charges

Handling Fee HK$9.94 to HK$50 will be charged to Mox Credit when your Split Purchase is set up by Mox as a one-off fee for that Split Purchase. We call this the one-off fee.
Late Payment Fee and Charge HK$0.
Prepayment / Early Settlement / Redemption Fee 2% of the remaining monthly principal repayment amount(s) of your Split purchase outstanding will be charged to Mox Credit if you repay an entire Split purchase early. We call this the early repayment fee. An early repayment fee may also be charged to Mox Credit if your Split purchase is cancelled or suspended by Mox.
Rejected Cheque / Rejected Autopay Charge HK$0.

Additional Information

Minimum loan amount eligible for a Split purchase application HK$400.
Monthly instalment for a Split purchase Your “monthly instalment” for a Split purchase is broken down into:

(a) the “monthly fee”, being the amount of interest you will be charged on the Split purchase and required to be repaid in that month (by reference to the applicable APR); and

(b) “monthly principal repayment amount”, being the difference between the “monthly instalment” and the “monthly fee” for that month reflecting the principal amount of the eligible Mox Credit transaction required to be repaid in that month.

If you are unable to fully settle a monthly instalment of your Split purchase, 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 Split purchase 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 Split purchase, please contact us.

Notes: We can make changes to this Split purchase 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: 23 December 2021.