The nature of tax loans and personal loans are actually rather similar, but since the interest rates of tax loans are usually lower, some applicants may spend the loan money on specific purposes other than tax payment, such as investment and credit card payment. Please keep in mind that tax loans are short-term loans with the maximum repayment period of two years; and the late payment interest penalties could be very costly, which means you have to bear high risks if you spend the tax loan money on long-term investment.
Articles in this section
- What are Loans?
- What are the Personal Loans? How are they different from other consumer loans?
- What are the types of Personal Loans Available in Hong Kong?
- Why do I need a Personal Loan? How Much Should I Borrow?
- Why do I need a Personal Loan? How Much Should I Borrow?
- What do I need to make a successful Personal Loan Application?
- How is the Maximum Personal Loan Amount Calculated?
- How should I compute Total Interest Amount?
- How long does it take to process my personal loan applications?
- What do I need to make a successful Personal Loan Application?