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Terms & Conditions for Business Instalment Loan and Smart Business BonusPack:
1.
A maximum of 10 Hong Kong Dollar Current or Saving Account(s) (including the repayment account of Business Instalment Loan) of Standard Chartered Bank (Hong Kong) Limited ("the Bank") can be linked to each Smart Business BonusPack. The name of such Account holders must be the same as the borrower in the Business Instalment Loan application. Only the balance of the linked Hong Kong Dollar Current or Savings Account(s) will be counted into the total balance of Smart Business BonusPack.
2.
If the customer early redeems the Business Instalment Loan, the Bank will charge the one-off administration fee of HK$300 from the customer's Business Instalment Loan Repayment Account.
3.
BusinessOne® and Marathon Savings Account cannot be linked to the Smart Business BonusPack.
4.
Interest rebate under the Smart Business BonusPack is calculated based on a percentage on the interest portion of the Business Instalment Loan's instalment repayable on a monthly basis (the "Interest Rebate Percentage"). Customer can refer to the Business Instalment Loan – Smart Business BonusPack Set Up Advice for the minimum requirement of the average balance for all applicable accounts linked to Smart Business BonusPack, the Interest Rebate Percentage and the accounts that can be successfully linked to Smart Business BonusPack. Subject to the fulfilment of the other terms and conditions hereunder by the customer who has successfully opened the Smart Business BonusPack, interest rebate will be awarded to the customer on the condition that the total average daily balance calculated on monthly basis maintained by the customer in all the accounts linked to Smart Business BonusPack meets the minimum requirement as stipulated by the Bank which may be changed from time to time at the Bank's sole discretion.
5.
The average daily balance shall be calculated on a monthly basis by dividing the total balance of all accounts linked to Smart Business BonusPack by the number of days of the period between two consecutive Business Instalment Loan Repayment Dates as specified in the Business Instalment Loan Repayment Schedule to the customer.
6.
Interest rebate shall be credited every month according to the Business Instalment Loan tenor starting from the drawdown date of the Business Instalment Loan.
7.
Interest rebate will be credited to the Business Instalment Loan repayment account within one month after payment date mentioned in Point 6 above.
8.
If the Smart Business BonusPack does not meet the designated minimum average daily balance requirement specified in the Business Instalment Loan – Smart Business BonusPack Set Up Advice, no interest rebate or pro-rata interest rebate will be granted for that month.
9.
There must be no record of default in repayment by the customer in any Business Instalment Loan within 6 months immediately prior to the payment date mentioned in Point 6 above. Otherwise, the respective interest rebate payout will be skipped.
10.
Business Instalment Loan must not be in a delinquent status at the time of the interest rebate payment date mentioned in Point 6 above.
11.
No interest rebate or pro-rata interest rebate will be granted if customer successfully tops up the Business Instalment Loan, tenders an application for early redemption or converts the loan to other products on or before the payment date mentioned in Point 6 above.
12.
Interest rebates are non-transferrable and non-returnable.
13.
The Bank reserves the right to vary, modify or terminate any Smart Business BonusPack features and offers and to amend any of these terms and conditions at any time without prior notice. In case of disputes, the decision of the Bank shall be final and binding.
14.
If there is any inconsistency or conflict between the English version and the Chinese version, the English version shall prevail.
 
 
 
 

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