Introduction
Product features
The interest rate will be lowered in the following month if you make an additional repayment of the principal according to the agreement; more flexible repayment of the principle and greater control of funds!
E.SUN Bank encourages borrowers to save a little bit more every month to pay off the principal sooner, which will lift the burden of their loan, and thus offered "flexible repayment mortgage." Borrowers can first agree on the amount of principal to repay each month. If the borrower pays the principal and interest payable that month, and also repays a portion of the principal according to the agreement, the borrower will enjoy a lower interest rate in the following month. If the borrower only paid the principal and interest payable that month, the original interest rate will be used in the following month. The interest rate reduction encourages borrowers to get into the habit of saving money.
FAQ
If you apply for "flexible repayment mortgage," and successfully debit an additional amount to repay the principal according to the agreement, you will enjoy a lower interest rate the following month. If you only pay the principal and interest payable that month, then the original interest rate will be used in the following month.
※ Definition of "successfully debit": The borrower must transfer funds (principal and interest payable that month, and additional repayment of the principal) into the designated account 1 day before the loan payment date, and the amount payable is successfully debited from the account in the morning of the designated payment date.
※ The standard for debiting "flexible repayment mortgage" is the a successful debit the first time by the Bank at night. If the borrower pays the principal and interest payable that month or the additional repayment of the principal at a counter on the specified payment date, it will not be counted as a successful automatic debit by the computer.
If you have extra fund, you can make an additional repayment of the principal and enjoy a lower interest rate. When you are short of fund, you can just pay the normal amount of principal and interest, the burden of the loan won't be increased. Hence, "flexible repayment mortgage" provides great flexibility, and allows you to save on interest if you make an extra repayment of the principal each month.
Preferential interest rate
If a customer deposits the agreed amount for principal repayment before the payment date, and the amount is successfully debited, the interest rate will be lowered as follows:
| Period | Years 1-3 | Years 4-6 | Years 7-9 | Years 10-12 | Starting from year 13 |
|---|---|---|---|---|---|
| lowered by | 0.25% | 0.5% | 0.75% | 1% | 1.25% |
※ Interest may not be lowered to lower than the Bank's adjustable rate for consumer loans
Applicability
- Customers who have reached the age of 18 and have a normal credit history
- May be used for adjustable-rate mortgages, but not applicable to financial planning mortgages, credit coupon mortgages, and policy loans
Disclosures
- The bank has not engaged any agencies for the sale of loan products. Please be wary if anyone claims to be so.
- The use of illegal or unauthorized links to this website for Internet marketing is prohibited.
- The Bank reserves the right to approve or reject loan applications, and the right to determine the final loan amount, interest rate, and lending terms. Please see our latest announcement.
- Real estate mortgage loans shall be handled in accordance with the Regulations Governing Real Estate Mortgage Loan by Financial Institutions.
- The Bank has formed a strategic alliance with Sinyi Realty Inc. and other well-known realtors for its mortgage business.
Loan amount: NT$2,000,000. Loan period: 20 years.Interest rate: starting at 3.15%~3.82% p.a. Total fees: NT$6,000. Annual percentage rate: Starting at 3.18%~3.85%.
- The annual percentage rate disclosed herein have been calculated using standard calculation templates provided by the competent authority. The actual terms of loan may differ based on each product, and the annual percentage rate may also differ among customers depending on the loan products and credit terms and conditions granted.
- Annual percentage rate is not the same as loan interest rate.
- The base date for calculating the annual percentage rate is the date that the Bank's adjustable rate for consumer loans was adjusted after the date this program became applicable. Please see the description of adjustable rates for consumer loans on the Bank's official website. (The current base date for calculation is May 22, 2023)
