Fubon Bank Launches a Personal Tax Loan with a Standard Monthly Flat Rate of 0.19% Across any Loan Amount Loan Amount up to 6 times of Monthly Salary

Fubon Bank (Hong Kong) Limited ("Fubon Bank") today introduced a personal tax loan with a standard interest rate of 0.19% across any loan amount. This unique feature breaks through the concepts of traditional loan products in which interest rates are determined by the loan size. Customers who apply for a Fubon Tax Loan on or before November 30, 2005 and successfully draw down a loan can enjoy the standard interest rate, as well as a maximum loan amount of up to 6 times of their monthly salary.

The Fubon Tax Loan offers loan amounts from HK$5,000 to a maximum of HK$1,000,000 or up to 6 times a customer’s monthly salary (whichever is lower). To offer more convenience to customers, Fubon Bank will settle the tax bill directly with the Inland Revenue Department, ensuring there is no delay in the payment. The remaining loan amount will be credited to the customers’ designated bank accounts.

Fubon Bank strives to offer the best products and services to exceed our customers’ needs, and therefore the bank offers two loan plans for customers to choose from:

Fixed Term Loan
- Monthly Flat Rate of 0.19% across any loan amount Loan tenor from 6 to 36 months

Note: The above annualized percentage rates and monthly repayment amounts are calculated with an annual handling fee equivalent to 1% of the total loan amount inclusive. If the loan tenor is less than a year, the annual handing fee will still be charged.

Revolving Loan
– Interest rate of 7.75% p.a. across any loan amount

The Revolving Loan plan offers customers a standard interest rate of 7.75% (APR 8.41%) for all loan amounts and interest will be calculated on a daily basis. There is no fixed repayment tenor and the minimum monthly repayment is only 3% of the outstanding balance or HK$50 (whichever is higher). The facility limit will be restored automatically after each repayment, allowing multiple usage without re-application or any charges. Customers will be given a Fubon Cash Card with perpetual annual fee waiver. Customers who withdraw cash with the card will earn 1 bonus point for every HK$1 withdrawal. Customers can redeem a HK$50 cash rebate for as few as 10,000 bonus points. Savings interest will be given for credit balance.

Customers who successfully apply for a Fubon Tax Loan on or before November 30, 2005 can participate in a lucky draw to win a prize of 6-month interest waiver. The bank will also offer a Fubon credit card with perpetual annual fee waiver to all tax loan customers. Customers who spend with the credit card will receive a HK$100 ParknShop coupon. In addition, customers who open a brand new securities account will enjoy commission waivers for the first month, as well as a semi-annual custody fee waiver.

Ms. Shera Lee, Senior Vice President and Head of Consumer Banking of Fubon Bank said, "Although there are a variety of tax loan products in the market for customers to choose from, the lowest interest rate is only applicable to large loans. The Fubon Tax Loan has been designed based on our understanding of our customers’ needs. Customers can enjoy a standard interest rate regardless of the loan amount. The monthly flat rate for the fixed term loan is only 0.19%. Moreover, we are offering a revolving loan to fulfill the different financial needs of our customers. Through our innovative Tax Loan privileges, we hope to acquire more quality customers, increase our cross-sell opportunities and fulfil our mission of "Value Banking"."

Fubon Tax Loan can be applied via the Express Approval Hotline at 2566 8181. Customers can even obtain a preliminary approval status within 30 minutes.

Fubon Bank is a full-service banking corporation in Hong Kong providing a wide range of banking and financial services including consumer finance, retail and commercial banking, equipment leasing and investment services. Fubon Bank services its customers through 28 service outlets including Superbranches, Ambassador Centers and Securities Services Centers as well as ATMs, PhoneBanking, and e-banking service at www.fubonbank.com.hk. Fubon Bank is listed on The Stock Exchange of Hong Kong Limited and is rated A-2 short-term, BBB+ long-term by Standard & Poor’s. Fubon Financial Holding Co., Ltd., a leading Taiwan financial institution, acquired a 75% shareholding in Fubon Bank in April 2004.