- What is the difference between Personal Instalment loan, Revolving Cash Card and Personal Line of Credit?
Personal Instalment Loan requires you to repay the principal and interest regularly, usually monthly. Interest is calculated at a predetermined interest rate according to the loan tenor you selected.
Revolving Cash Card or Personal Line of Credit is a credit limit granted to your revolving loan or current account, usually for standby purposes. Interest is calculated on the drawn amount on a daily basis. The main difference between the two is the money withdrawal method. A revolving loan involves a revolving cash card to withdraw cash at an ATM machine anytime.
A Personal Line of Credit involves the current account and the transactions made through this account via ATM cash withdrawal or cheque issuance. No withdrawal fee will be charged for an unsecured overdraft facility.
- Can I re-borrow the principal amount which I have repaid from my existing Personal Instalment Loan?
We will occasionally invite customers to join the promotional campaign for top-up arrangement. The selected customers will receive our promotional leaflets and/or calls for top-up arrangement to re-borrow the repaid principal amount. Also, you are always welcome to contact us on 2886 0866 for any promotional details.