[Limited Offer] Free TransUnion Credit Report
Understanding Your Credit Profile
Do you know your credit score?
Register now at 2201 7900 or 2201 7933 and enjoy 3 months of free unlimited access to your TransUnion credit report. Understand the factors affecting your credit score! Don’t miss out on this limited-time offer, act now!
- Smart Tip - Terms and Conditions for the free redemption codes from TransUnion Credit Report, Reminders about Responsible Borrowing
Enjoy 3 months of free unlimited access
Do not affect your credit scores
Consult our loan specialist how to improve your credit score
As part of the credit approval process, banks and financial institutions may inquire about the applicant’s credit history and repayment habits to determine the applicant’s financial credibility.
Credit Report
To learn more about the information on credit report, please visit the website of TransUnion Limited at https://www.transunion.hk/education/credit-report-is-important
Credit Score
The credit score assessed by TransUnion (TU) ranges from 1000 - 4000 in Hong Kong; while its credit rating ranges between A and J, with A being the highest grade. A customer with low credit score may lead to loan rejection or unfavourable terms. For example, the APR for an A-grade customer can be less than 5%, while those with a lower credit score may not be given a loan at all and, if they are, the interest rate and terms may be more stringent.
The following examples are for reference only. If a borrower needs to borrow HK$100,000 from a bank with a repayment period of two years, the situation faced by the borrower with credit rating A and credit rating I is as follows:
Loan amount : HK$100,000（24-month repayment period）
| Credit Rating | Monthly repayment amount (Principal and interest) |
Total Repayment | Total Interest | APR |
| A | HK$4,224 | HK$101,376 | HK$1,376 | 3.32% |
| H | HK$4,777 | HK$114,648 | HK$14,648 | 16.70% |
* The handling fee of 1% of the loan amount per annum will be charged for successful loan drawdown. This handling fee is collected upfront upon loan drawdown.
If a borrower borrow HK$100,000 from a financial company with a repayment period of two years, the situation faced by the borrower with credit rating A and credit rating I is as follows:
Loan amount : HK$100,000（24-month repayment period）
| Credit Rating | Monthly repayment amount (Principal and interest) |
Total Repayment | Total Interest | APR |
| A | HK$4,367 | HK$104,808 | HK$4,808 | 4.64% |
| H | HK$5,447 | HK$130,728 | HK$30,728 | 30.82% |
By regularly checking your credit report, you can ensure that the information stays accurate. One of the best ways to continue to improve your rating is to check your personal credit report regularly and identify your credit problems one by one.
Registration Hotline☎
Notes regarding the [Limited Offer] Free Credit Report:
- The access of TU Credit Report is free of charge for users who have successfully registered (“You" and the possessive form being “Your”) for the online report ordering through TransUnion IDVision (the “Service”) with TransUnion and successfully registered for the free redemption code of TU Credit Report with the Bank. The Service is solely provided by TransUnion and the Bank does not give any warranty over the use of the Service nor will it be responsible for any liability or responsibility in relation to the details, accuracy or completeness of any content or information provided on the TU Credit Report by TransUnion.
- The free redemption code shall entitle You a three (3) months subscription to TU Credit Report without charge on the TransUnion’s direct portal.
- The free redemption code is valid until 31 December 2024, promotion codes are subject to availability and on a first come first serve basis while stocks last.
- If You have any queries on the Service registration or credit data on the Credit Report as provided for by TransUnion, You have to contact TransUnion directly.
- The Bank and TransUnion shall not share any Personal Data nor Credit Report of user other than the numerical information of the redemption codes.
The above offer are bound by the applicable terms and conditions. Please contact the staff of the Bank for details.
For details or enquiries about the related terms and conditions, please contact us.
To borrow or not to borrow? Borrow only if you can repay!
