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Ever-Long Finance Ltd v Rebecca Chan Pui Ching
HK District Court, 17-Dec-2014
The plaintiff is owned by Styland (0211). The defendant repaid a 2nd mortgage by borrowing from the plaintiff. A total of $217,100 in fees were charged, reducing the net loan to $712,900, so we calculate that the monthly repayments of $27,023 for 10 years would have resulted in an Annualised Percentage Rate on the net loan of 55.45%.