Formax Finance Limited (Formax Finance) was established in Nov 2014. It is the wholly owned subsidiary of Formax Capital Market Limited under the Formax Group.
Relying on the solid strength and credibility of Formax Group, Formax Finance provides professional and caring loan services. Our services include Personal Loan, SME/ Micro-enterprise Loan, Mortgage Loan and Secured Investment Loan.
Our professional and experienced team would provide the most pleasant service to every valuable client.
Fulfilling the minimum requirement of applying personal loan, funds delivered.
Your application and approval process for our loan service is as follows:
*Other than instant approval, application may be referred to Credit Approval Team. Once a referral case is approved, we will phone you in one working day. These applicants can submit documents via email (email@example.com), WhatsApp (5341-5689), WeChat (Formax Finance) or fax (2194-8718).
Formax provides loan amounts between $10,000 and $600,000. You can set your own repayment schedule from 6 up to 60 months. Your maximum loan amount is determined by your personal background, including credit score, monthly income, occupation and financial situation.
If you wish to change your loan amount, tenor or personal information, please call our CS hotline at 2160-3636.
To borrow you must be a Hong Kong with at least 18 years of age who meets the following requirements:
You must submit the following documents during the application process (please refer to Apply for a Personal Loan):
We evaluate applications based on a complete analysis of your financial situation, including your income stability, repayment records, financial score and other details. If you have experienced bankruptcy in the past that is marring your credit history, we will evaluate the situation on a case by case basis.
System will provide instant approval result or refer case to Credit Approval Team. Once a referral case is approved, we will phone you in one working day.
Once your application has been finally approved, your disbursement should be transferred into your account in one working day.
We evaluate your credit score based on the credit report from TransUnion Limited. If your current credit score falls short of our company’s requirements, we may reject your loan application.
To improve your credit score, you may follow these steps:
Obtain a copy of your credit report, and look for areas you can improve to build a better credit history. You may contact TransUnion Limited directly at the following address: Suite 1006, Tower 6, The Gateway, 9 Canton Road, Tsimshatsui, Kowloon, Hong Kong; Telephone: 2577 1816.
Try to reduce and restructure your existing debt.
Increase sources of income to strengthen your repayment ability.
We highly encourage you to re-apply for a loan with us once your credit score improves!
Monthly flat rate is based on the loan amount, according to the flat rate fixed by the financial institution, is used to calculate the monthly instalment amount (principal plus interest). The monthly instalment amount is the same throughout the repayment period.
For example, for a loan amount of $120,000, if monthly flat rate is 1% without handling fee, for a repayment period of 12 months, monthly interest is $120,000 X 1%= $1,200, and monthly instalment amount= $120,000/12 + $1,200= $11,200.
We do NOT ask for any application fee, guarantee fee, photo-copy fee or referral fee. For all applicants, even though the application is cancelled or declined or applicant does not accept the approved loan, the application is totally free of charge. There are NO other hidden fees.
You can repay via counter, ATM transfer or Cash/Cheque Deposit Machine of Hang Seng Bank (Hong Kong).
Please send us the receipt image by fax at 2194-8718 or by WhatsApp at 5341-5689.
Overdue interest and late payment charge will be charged upon late payment. Also, late repayments will affect your credit history.