CreFIT - Loan & Credit 2.0.1

CreFIT aims to streamline the borrowing process, particularly for those burdened by credit card debt. With a fully mobile application system, users can experience ultra-fast approvals that may take as little as three minutes. The platform is designed to meet the urgent financial needs of its clients while ensuring a straightforward and accessible loan process, including options tailored for students.

CreFIT offers a variety of flexible repayment terms, allowing borrowers to choose what best fits their financial circumstances. This adaptability can be essential for managing financial responsibilities effectively.

Referral Scheme:

• Earn a HK$500 cash reward upon application and up to HK$900 per referral with a 5% Interest Discount Coupon, available without an upper limit. This offer is valid until October 17, 2024.

MyLink Points Reward:

• MyLink App customers can activate CreFIT through the app after identity verification and receive an activation bonus of HK$100 in MyLink Points. Upon approval, there is also a 12% interest rebate in MyLink Points for each Mobile Cash Loan Instalment drawn down.

Features of CreFIT ClearCard Credit Service:

• Completely mobile: The entire process from application to cash transfer is available 24/7.
• Expedited approval: Clear credit card debts quickly with approval times as brief as three minutes.
• Credit protection: The service does not conduct credit report checks, which helps maintain clients' credit ratings.
• Wide availability: Covers 17 card-issuing banks and institutions in Hong Kong, with continuous updates.

Features of CreFIT Cash Loan:

• No income proof required for quotations. The automated process does not impact credit ratings.
• An assurance of approval within 60 seconds, with a HK$1,000 Interest Waiver Coupon if this timeframe is exceeded.
• Utilizes intelligent technology to expedite the loan process significantly.
• Offers flexibility in repayment terms to help clients navigate their financial futures.
• No hidden fees: The service is transparent with no extra charges involved.

Features of the CreFIT App:

• A complimentary bill management service equipped with features such as card expiration reminders and automatic consumption analysis.

Loan Repayment Information:

• The repayment period ranges from a minimum of three to a maximum of 48 months.
• The actual annual percentage rate (APR) generally does not exceed 36%.

The following example outlines loan-related fees for reference:

• Loan amount: HK$200,000
• Interest rate: Monthly flat rate of 0.343%
• Effective annual interest rate: 8%
• Repayment period: 24 months

Total interest calculation:
HK$200,000 x 0.343% x 24 = HK$16,464

Total payment amount calculation:
HK$200,000 + HK$16,464 = HK$216,464

Monthly repayment calculation:
(HK$200,000 + HK$16,464) / 24 = HK$9,019.33

Please note that loan amounts and interest rates are subject to individual evaluations and final approval decisions. It's essential to understand that all loans must be repaid promptly, and no intermediaries should be paid during this process. For inquiries or complaints, please contact the hotline at 6369 2338.

This summary contains relevant terms and conditions and VCREDIT Finance Limited maintains discretion over all loan approvals and related disputes. Money Lender's License Number: 0751/2024.