OREANDA-NEWS. October 07, 2011. The Bank of East Asia, Limited (“BEA”) has launched a new revolving loan promotion. Customers who successfully apply for a revolving loan with the Bank on or before 31st January, 2012 will be eligible for an interest rate of 0% p.a. for the first three months, a perpetual waiver of the arrangement fee, and a waiver of the withdrawal fee during the first year, reported the press-centre of BEA.

BEA’s revolving loan allows customers to withdraw cash at any BEA branch or use their EasyFund revolving loan? card to obtain cash 24 hours a day at over 2,600 JETCO ATMs in Hong Kong, Mainland China, and Macau.

Interest on the loan is only charged on the utilised portion of the credit limit and is calculated on a daily basis. There is no fixed repayment tenor, and the minimum payment due is 3% of the statement balance (minimum HKD 100). The credit limit is restored automatically once the customer has repaid the outstanding balance.

Customers may apply for a credit limit of up to four times their monthly income, with a maximum credit limit of HKD 300,000. To apply for a revolving loan, customers may call the application hotline on (852) 2211 1211 or visit their nearest BEA branch.

For more information on the above offers, including the complete terms and conditions, please call the application hotline or visit the BEA homepage at www.hkbea.com.