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  1. This notice is given by Promise (Hong Kong) Co., Limited (" Promise ") to its customers and any third parties (" Third Parties ") whose personal data are collected by Promise and/or provided to Promise by its customers for its use for the purposes set out below. From time to time, it is necessary for customers to supply Promise with their ...

  2. It is more cost-saving than products that calculate interest on a monthly rate basis. Promise also offers products with APR as low as 1.12%. You may also calculate the repayment amount and period using the loan calculator as a reference when you are considering the full cost of borrowing money. 3. Fee.

  3. As tax loan is a low-interest loan product, the repayment period offered by banks may mainly vary from 12 to 24 months only. While money lenders may offer a more flexible repayment plan. For example, Promise offers repayment period varies from 3 to 84 months, allowing you to select the most suitable repayment plan.

  4. However, this may come with a higher risk due to the insufficient practical experience, which may result in a longer break-even time. In contrast, starting your new business in an industry related to your previous job may be easier, as you do not need to start from scratch.

  5. As a result, they fail to meet the eligibility requirements to apply for the Unemployment Loan and eventually cannot be benefit from the government policy. Some of the people who suffered great income loss during the pandemic would choose to become freelancers, part-time or casual workers during unemployment for the sake of paying the bills and supporting the family expenses.

  6. IVA. DRP. Pros. Compared to bankruptcy: Less impact on personal reputation. Lower interest rate, thus reducing debt burden. Applicants can keep bank accounts. Applicants can keep their management jobs, existing properties and insurance plans, etc. No need to go through legal procedures, thus saving time and money.

  7. Failure to supply such personal data may result in Promise being unable to open or continue loan accounts, or establish or continue credit facilities, or provide other financial services to customers. It is also the case that personal data are collected from for ...

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