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Dedicated 100% Loan Guarantee Scheme

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The Dedicated 100% Loan Guarantee Scheme (DLGS), launched by HKMC Insurance Limited (HKMCI), aims at supporting the passenger transport operators and the licensed travel agents in its post-pandemic recovery, with a view to complementing the pace of resumption of inbound and outbound tourism activities.

Product highlights

Term loan facility¹ targeted at 5 specified industry sectors
Repayment period up to 10 years
Fixed monthly repayment instalment amount
Current interest rate: 3.5% p.a.²
Optional principal repayment holiday up to 12 months

5 specified industry sectors:

01 – Licensed Travel Agents
02 – Local Tour Coach Registered Owners
03 – Cross-boundary Coach Registered Owners
04 – Cross-boundary Hire Car Registered Owners
05 – Cross-boundary Ferry Registered Owners/ Operators

Eligibility for DLGS

Possessing good loan repayment record³
Refer to factsheet for details of eligibility criteria

How to apply⁴

Please download and complete ALL the below forms

Application forms

Application Form for DLGS (PDF, 963KB)

Guarantee by Individuals (PDF, 395KB)

DLGS - Application Form (DLGS102(B)) (PDF, 552KB)

Application result will be notified by post. Please ensure your bank recorded correspondence address is up-to-date.

Notes:

Term loan facility amount varies depending on the relevant sector the borrower is in. Refer to the factsheet for details of facility amount calculation.
Loan is priced at HSBC Best Lending Rate -2.25% for the life of the loan.
Neither the borrower nor a guarantor should be an undischarged bankrupt or dissolved, nor subject to any winding up or bankruptcy petition or proceedings. In addition, they must not have any indebtedness remains unpaid for more than 60 days.
The program period will end on 28 October 2023.

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