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BOCHK Fully Supports SME Financing Guarantee Scheme
BOCHK fully supports SME Financing Guarantee Scheme - Special 100% Loan Guarantee Product to be launched by the HKMC Insurance Limited.
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SME Financing Guarantee Scheme – Special 100% Loan Guarante
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Eligible Enterprises
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Local enterprises of all sectors affected by the coronavirus outbreak
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Application Requirements
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- Business operation for at least 3 months by end December 2019
- Suffered at least a 30% decline in sales turnover in any month since February 2020 compared with the monthly average of any quarter in 2019
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Loan Amount
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Up to the total amount of employee wages and rents for 6 months or HK$4 million, whichever is the lower
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Interest Rate
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Hong Kong Prime Rate minus 2.5% p.a. as specified by the Hong Kong Mortgage Corporation Ltd (currently at 2.75% p.a.)
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Repayment Period
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Up to 36 months, with an option of principal moratorium of up to 12 months from the drawdown of the loans
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Offers
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Fee waiver for guarantee fee and handling charg
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Application Period
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From now until 19 April 2021
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Document Required
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- Proof of business operation for at least 3 months by end of December 2019 (include latest copy of Business Registration / Certificate of Incorporation)
- Copy of identity proof of business owner or major shareholders
- Proof of the business suffered at least a 30% decline in sales turnover in any month since February 2020 compared with the monthly average of any quarter in 2019
- Proof of employee payroll and enterprise’s rental payment record
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Register now at https://www.bochk.com/en/home/forms/smeloan.html
(Select “Special 100% Loan Guarantee” in loan type and “Hong Kong Island Commercial Centre” in Commercial Centre for priority processing.
HKGCC Service Hotline： (852) 3982 6533 / 3982 6801
Relief Measures Hotline：(852) 3988 2128
Reminder : To borrow or not to borrow? Borrow only if you can repay!
1) Details of the above product are subject to the HKMC Insurance Limited official announcement. 2) The above services and offer are subject to the relevant terms and conditions. 3) Each customer must fulfill the requirements of BOCHK. Approval of the loan amount, repayment tenor and interest rate are all subject to the final decision of BOCHK without providing any reason. 4) BOCHK reserves the right to amend, suspend or terminate the above products and offers and to amend the relevant terms at any time at its sole discretion without prior notice. 5) The above information is for reference only. In case of any dispute, the decision of BOCHK shall be final. If the Bank reject the loan application at its absolute discretion without prior notice. Loan is subject to the relevant terms and conditions of loan document. 6) Should there be any discrepancy between the English and Chinese versions of this promotion material, the Chinese version shall prevail.
Posted on 2020/04/22