Split Purchase Key Facts Statement

Version 3.0

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 HKD100,000:

Loan Tenor	6-months	12-months	24-months
APR	4.17% - 24.66%	4.48% - 26.19%	4.17% - 25.04%

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	HKD0.
Late Payment Fee and Charge	HKD0.
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 in accordance with Schedule 3 to the General Terms and Conditions.
Rejected Cheque / Rejected Autopay Charge	HKD0.

Additional Information

Minimum loan amount of an Eligible Mox Credit transaction for a Split Purchase application	HKD400.
Minimum loan amount of an Eligible Statement Balance for a Split Purchase application	HKD2,000.
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 pay 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 Mox Credit transaction(s) or Eligible Statement Balance which you are required to repay in that month. We will charge the one-off fee and each monthly instalment for a Split Purchase 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) (if applicable) 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), (see Note 1).
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.

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 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: 24 April 2023.