Far Eastern International Bank launches 10-year credit to alleviate cash flow pressure

        The demand for credit continues to rise across Taiwan. Far Eastern International Bank Bankee community bank has launched a 10-year "Bankee Credit" program for customers with certain income conditions, investment and large capital utilization needs, with a maximum loan limit of NTD 7 million. Not only can it alleviate customers' monthly payment pressure, but it can also reduce monthly payment costs by extending the repayment period, retain more cash flow, and create greater financial benefits in response to market opportunities and other capital allocation needs. Bankee Chengyixun Credit: https://www.bankee.com.tw/event/loan10Year/index.html

        Do you want to use large amounts of funds more efficiently? 10-year credit amplification 'real rate of return'

        Customers with investment and large amount utilization needs, after obtaining funds, if they have to invest an excessively high proportion of income to repay each month, the sustainable use of funds will also decrease synchronously. Based on a loan of NTD 2 million and an annual interest rate of 3.23%, the monthly repayment for a 10-year term is approximately NTD 19526, and for a 7-year term it is approximately NTD 26635. The difference between the two amounts to NTD 7109 per month, resulting in a difference of NTD 85308 in controllable cash flow within one year. The reduction of monthly repayment costs is equivalent to amplifying the "monthly real investment return rate" that this fund can create, helping clients find the best balance between total capital costs and monthly cash flow.

        The application amount for "Bankee Chengyixun Credit" ranges from NTD 2 million to NTD 7 million, with a maximum repayment period of 10 years. The annual interest rate for the project starts at 3.23%, and the start-up fee is NTD 777; The borrower must meet the qualifications of an individual with an annual income of NTD 1.1 million or more and good credit conditions. The actual approved loan amount, interest rate, and period will still depend on individual credit review results.

        Do you have the ability to accelerate repayment? A 7-year term can help those who are concerned about costs borrow more efficiently

        Far Eastern International Bank Bankee offers a variety of credit options to meet the funding needs and repayment considerations of different customers. The "General Credit" provides a maximum NTD of 7 million, a maximum repayment period of 7 years, and an annual interest rate starting from 2.23%. It is suitable for customers who have sufficient repayment ability, are willing to increase their monthly repayment amount, and prefer to accelerate repayment and obtain funds at a lower cost.

        Can timely repayment also create value? Challenge oriented approach provides feedback for 'good behavior'

        In addition to the cost of capital and cash flow, Far Eastern International Bank Bankee incorporates "repayment behavior" into its product design. Compared to traditional credit that often sets differentiated pricing based on factors such as occupation, company size, or position, Bankee's "Challenge Credit" further observes the borrower's repayment performance. Those who meet the activity conditions and repay on time and in full each period can receive a maximum of 50% of the actual interest paid as a reward, making good repayment behavior not only the borrower's obligation, but also a behavior worth encouraging and rewarding.

        As customers' income conditions, fund uses, and repayment abilities become increasingly diverse, Far Eastern International Bank Bankee hopes to transform credit from a one-time fund acquisition tool to a financial tool that assists customers in managing costs, cash flow, and repayment processes, allowing each fund to find a more suitable way to use and repay.

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