Repayment of Grant or Loan in Cash

To repay grant or loan in cash, please pay together with the whole demand note(s) in person at any of the Post Offices. The upper portion of the demand note will be receipted and returned to the payee.

Repayment of Grant or Loan by Cheque, Cashier Order and Bank Draft

Cheque, cashier orders and bank drafts should be in Hong Kong Dollars, made payable to the Government of the Hong Kong Special Administrative Region and crossed. Post-dated cheque will not be accepted. You can pay by either:

* Bringing the above cheque/cashier order/bank draft with the whole demand note(s) to the Post Offices for repayment of FASP grant/ loan ; or
* Detaching the lower portion of the demand note(s) and send it by post to the Director of Accounting Services, P.O. Box 28000, Gloucester Road Post Office, Hong Kong. Please write your D/N reference number on the back of the cheque, cashier order or bank draft. No receipt will be issued for payment by post.

Repayment of Grant or Loan by Automated Teller Machines
(24-hours payment service)

Repayment can be made through the Automated Teller Machines (ATMs) affixed with the signage of "Bill payment Service" at the HSBC, the Hang Seng Bank Limited or other banks where "Jet Payment" was allowed. Please enter the 12-digit PPS/ATM reference number shown on the top right corner of the demand note for making repayment. For repayment made by ATMs, no receipt will be issued. Please keep the ATM payment slip for your own record.

Repayment of Grant or Loan by Payment-by-Phone Services (PPS)

To repay grant or loan by PPS, you have to first register either through a PPS Registration Terminal or by tone phone (if you are already a PPS user). Please enter the 12-digit PPS reference number at the top of the demand note for making repayment. Each demand note has to be registered and settled by phone individually. The Merchant Code for Student Financial Assistance Agency is "44". For repayment made by phone, no receipt will be issued.

Repayment of Grant or Loan by e–Banking Services

Repayment can be made through the e-Banking bill payment services in the internet.

To pay through internet online payment services, you must register with your bank for the service beforehand.

If payment is made through credit card via internet bill payment service, you are required to observe the terms and conditions set by individual banks, particularly the cut-off time for each day's transaction and service charges, if any.

For details, please refer to the following websites:

* Jetco Virtual ATM: www.jetco-online.com
* HSBC: www.hsbc.com.hk
* Hang Seng Bank: www.hangseng.com/e-banking
* PPS Internet Service: www.ppshk.com

For payment via internet online payment services, no receipt will be issued. The Student Financial Assistance Agency will take the actual date the bank effects its payment as the date of payment in deciding whether surcharge should be imposed.

Repayment of Grant or Loan in a Lump Sum

To apply for repayment of grant or loan borrowed under the FASP in a lump sum, you may either:

  Come in-person or appoint your representative with your signed authorization letter to the Agency (M/F, Trade and Industry Department Tower, 700 Nathan Road, Kowloon). Time for such application is:
 
Mondays to Fridays : 8:45 a.m. to 1:00 p.m.
  2:00 p.m. to 5:45 p.m.
 
The interest for outstanding grant/loan will be calculated up to the day before your intended settlement date and a demand note for the lump sum repayment will be issued immediately. Please note that the amount payable must be settled on or before the due date set out in the demand note.
or  
  Send in your lump sum request in writing, by post or by fax.
 
Please complete the standard application form (SFAA 199) and provide us with your personal information, such as HKID No., contact telephone number, and the D/N Reference No. under which you apply for lump sum repayment. A demand note for lump sum repayment will be sent to you by post. To allow time for application processing and postal delivery, the due date will normally be set at 14 calendar days after the date of your application, and the interests will be calculated up to the day before the payment due date.

For application by fax, the date and time of fax received by the Agency will be treated as the date and time of application. For application by post, the postmark date on the envelope will be regarded as the date of application.

Please note that all applications for lump sum repayment must be applied in-person or submitted in written form. No telephone request would be entertained.

Please click here PDF(204KB) to obtain a copy of "Application form for Partial / Lump Sum Repayment under FASP".

Partial Repayment of Grant or Loan

For partial repayment of FASP grant/loan, the repayment amount, excluding any overdue instalments or surcharges, shall not be less than an amount determined by the Agency (currently set at HK$5,000.00) or the total of one instalment, whichever is the greater. To apply for partial repayment of FASP Grant/Loan, you may either:

  Come in-person or appoint your representative with your signed authorization letter to the Agency (M/F, Trade and Industry Department Tower, 700 Nathan Road, Kowloon). Time for such application is:
 
Mondays to Fridays : 8:45 a.m. to 1:00 p.m.
  2:00 p.m. to 5:45 p.m.
 
Before commencement of repayment period, the interest on the outstanding grant/loan will be calculated up to the day immediately preceding your intended settlement date. During the repayment period, the interest on the outstanding grant/loan will be calculated up to the day immediately preceding the due date of your next instalment. A demand note for partial repayment will be issued immediately. Please note that the amount payable must be settled on or before the due date set out in the demand note.
or  
  Send in your request for partial repayment in writing, by post or by fax.
 
Please complete the standard application form (SFAA 199) and provide us with your personal information, such as HKID No., contact telephone number, and the D/N Reference No. under which you apply for partial repayment. Please also indicate the amount you want to repay. A demand note for partial repayment will be sent to you by post. To allow time for application processing and postal delivery, for partial repayment application before commencement of repayment period, the due date will normally be set at 14 calendar days after the date of your application, and the interests will be calculated up to the day before the payment due date. For partial repayment which is applied during repayment period, the due date of partial repayment will be the due date of your next quarterly instalment and the interest will be calculated up to the day before the due date of your next instalment.

For application by fax, the date and time of fax received by the Agency will be treated as the date and time of application. For application by post, the postmark date on the envelope will be regarded as the date of application.

Please note that all applications for partial repayment must be applied in-person or submitted in written form. No telephone request would be entertained.

Please click here PDF(204KB) to obtain a copy of "Application form for Partial / Lump Sum Repayment under FASP".