Procedures

Loan Information

• Loan Amount

  The maximum Loan Amount can be up to 30% of the annual regular income of client.
  ‍
  The followings are considered as annual regular income:
  

  • Salary;
  • Seniority Premium;
  • Housing Subsidy;
  • Family Subsidy;
  • Allowance for Secretary;
  • Functional Chief Subsidy;
  • Allowance for Error;
  • Transportation Subsidy;
  • Shift Subsidy;
  • Other incomes that are permanently and monthly received.

  Amortization Period

  The maximum Amortization Period is 18 months. If your employment contract is less than 18 months, the amortization period is to be defined according to the duration of the employment contract.
  

  Monthly Installment

  Monthly Installment = Loan Amount ÷ Amortization Period
  If the Monthly Installment is too high, Macao Postal Savings may extend the Amortization Period or reduce the Loan Amount.
  

  Loan Repayment

  Monthly Installment is deducted from your monthly salary, until the Loan is completely liquidated.
  

  Risk Premium / Guarantor

  Risk Premium
  Risk Premium is paid upon receipt of the Loan.
  Risk Premium varies according to client’s age, it is about 1% to 2.5% of the Loan Amount.
  
  Exemption of Risk Premium
  Non-Government Staff Loan is a type of guarantee-free Loan, it does not require any Guarantor. However if you want to be exempted from payment of Risk Premium, a qualified Guarantor is required to substitute for the Risk Premium. The Administrative Committee of Macao Postal Savings reserves the right to ask for more than 1 Guarantor.
  
  Requirements of Guarantor

  • Government staff with the form of employment as “Nomeação definitiva” or Macao SAR resident who is a permanent staff of the same Institution as that of the applicant;
    
  • Salary at least equal to that of the applicant;
    
  • Not a present debtor of Macao Postal Savings.
    *The above-mentioned requirements are the general requirements. The Administrative Committee of Macao Postal Savings has the discretionary right to decide whether the proposed Guarantor is eligible or not.
    

  Documents to be Submitted by Guarantor

  • Original declaration signed by the Guarantor with authentication statement given by Cartório Notarial (Download Declaration Letter) ;
    
  • Personal Credit Report Customer’s Letter of Consent (Download Letter of Consent) ;
    ‍ According to the requirements of the Monetary Authority of Macao, when approving an application for a personal loan, a credit institution must apply Personal Credit Report of the borrower and the personal guarantor of the relevant loan (if applicable) through the Credit Database Platform. The prior express consent of the client and the guarantor (if applicable) shall be obtained for this purpose.
    
  • A photocopy of Macao SAR resident identity card;
    
  • Income proof;
  • Employment proof.

  Interest

  Interest is paid upon receipt of the Loan. Even though the Interest Rate rises in future, your financial burden will not be increased.