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Tumbling rates fail to follow through in time for tax loans Tumbling interest rates fail to follow through for tax loans.
(From South China Morning Post)
Byline: Raymond Ma
With the deadline for personal tax payments looming, Hong Kong banks have begun rolling out their annual tax loan offers.
On the cards for borrowers, a survey by the South China Morning Post shows, are interest rates that will be only slightly lower than those charged last year - despite the fact that rates have tumbled sharply over the past 12 months.
Due out today are details of the tax loan packages on offer from Wing Hang and Dah Sing, which will follow offers already unveiled by Asia Commercial, Dao Heng, Bank of America and Bank of Communications.
Speaking ahead of today's …
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