80% Guarantee Product under the SME Financing Guarantee Scheme

Product highlights

  • Helps SMEs obtaining financing by a 80% guarantee provided by the HKMC Insurance Limited (HKMCI).
  • Provides financing for working capital and acquisition of equipment or assets for business operations.

Features and benefits

Facility amount up to HKD18,000,000

6 months Principal moratorium period1

Repayment period up to 7 years

Instalment loans, overdraft, trade finance facilities available

Promotional offer

From now until 30 June 2022, successful applicants of 80% Guarantee Product under the SME Financing Guarantee Scheme can enjoy full subsidy for the first year and 50% subsidy for second year on guarantee fee.*

 

* Note:

The application period for the subsidy ends on 30 June 2022. Subsidy offer is up to HKD50,000 for each successful applicant. The decision of The Hongkong and Shanghai Banking Corporation Limited on application approval shall be final and conclusive. Refer to application form for terms and conditions.

For details, please refer to the SME Financing Guarantee Scheme (SFGS) Guarantee Fee Subsidy Application Form (PDF, 784KB) (Under HKMC Insurance Limited’s SFGS Enhanced Measures from 1 July 2019 to 30 June 2022).

Important notice:

Further details of HKMCI interest subsidy on 80% Guarantee Product under the SME Financing Guarantee Scheme will be announced in due course. We will inform eligible customers at the end of June 2020 and no application is required.

Reminder: "To borrow or not to borrow? Borrow only if you can repay!"

1From now until 3 Sep 2020^, existing or new applicants of loan under SME Financing Guarantee Scheme ("SFGS") can apply for principal moratorium of up to 6 months. The principal moratorium may be further renewed, subject to a maximum principal moratorium of 12 months in total. Principal moratorium is subject to terms and conditions. For details, please contact us or visit one of our HSBC Business Centre.
^ Application should be successfully submitted to HKMCI on or before 3 Sep 2020.


Eligibility

  • Companies operating and registered in Hong Kong for at least one year
  • Possessing good loan repayment record
  • Not a lending institution or the lender's affiliates

All credit applications under SME Financing Guarantee Scheme, including the Guarantee Fee charged, are subject to the HKMC's approval.

The terms and conditions set out by the HKMCI could be referred to http://www.hkmc.com.hk

The Bank reserves the final decision on application approval.

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