30 дек. 2022 г. · Any person (whether a money lender or not) who lends or offers to lend money at an effective rate of interest which exceeds 48 per cent per ...

26 окт. 2022 г. · Government's proposal to lower the statutory limits of the effective rates of interests as stipulated in the Money Lenders Ordinance (“MLO”) ( ...

The Money Lenders Ordinance (Cap. 163) prohibits any person from lending at an interest rate exceeding 48% per annum.

This calculator helps users to work out the effective rate of interest calculated in accordance with Schedule 2 to the Money Lenders Ordinance.

27 дек. 2022 г. · The statutory interest rate cap for lending stipulated in the Money Lenders Ordinance (Cap. 163) (MLO) is amended from 60 per cent to 48 per cent per annum.

30 дек. 2022 г. · Any person (whether a money lender or not) who lends or offers to lend money at an effective rate of interest which exceeds 48 per cent per annum commits an ...

It is now illegal for anyone to lend money at an effective interest rate exceeding 48% per annum unless exempted.

10 янв. 2023 г. · Effective from 30 December 2022, the statutory interest rate cap for lending has been lowered from 60% to 48% per annum, and the extortionate rate has been ...

According to Hong Kong law (The Money Lenders Ordinance), a loan with an effective interest rate that exceeds 36% per year is presumed to be extortionate.

27 окт. 2022 г. · What are the amendments? · the statutory interest rate cap (the "Excessive Rate") be lowered from 60% per annum to 48% per annum; and · the ...