About us
Operated in 2018, Buddy Finance (“Buddy”) is an innovative challenger financial institution empowered by innovation with a huge attention in risk modelling and data mining. It starts with Hong Kong mortgage properties through technology.
Buddy is a Hong Kong lender license holder and a mortgage origination arm, which engages in throughout origination, execution, settlement and have our proprietary pipelines to be supported with our FinTech platform.
Remarks
In accordance with the Money Lenders Ordinance, the maximum annual interest rate does not exceed 48%.
The repayment period can be selected from a minimum of 3 months to a maximum of 180 months.
A brief description of the loan related fees is as follows for reference:
Loan amount: HK$10,000
12-month installment loan, monthly repayment amount is HK$875
Annual interest rate: 9%
Total repayment amount: HK$10,500
Total Interest of the loan: $500