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Dedicated 100% Loan Guarantee Scheme

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The Dedicated 100% Loan Guarantee Scheme – Battery Electric Taxis (DLGS e-Taxis), launched by HKMC Insurance Limited (HKMCI), aims at providing an incentive for taxi owners to replace their liquefied petroleum gas, petrol or hybrid taxis with battery electric taxis.

Product highlights

Term loan facility up to HKD350,000¹
Repayment period up to 10 years
Fixed monthly repayment instalment amount
Current interest rate: 3% p.a.²
Optional principal repayment holiday up to 12 months

Eligibility for DLGS e-Taxis

Possessing good loan repayment record³
The applicant must be: (i) a registered owner of a non-electric taxi and the related taxi licence; or (ii) a hirer under the Hire Purchase Agreement in relation to a non-electric taxi and the related taxi licence.

How to apply⁴

Please download and complete ALL the below forms
For Battery Electric Taxis application details, please contact your Relationship Manager, visit our Business Centre or call 2748 8278 for application details.

Application forms

Application Form for DLGS (PDF, 1.54MB)

Guarantee by Individuals (PDF, 395KB)

DLGS - Application Form (DLGS102(B)) (PDF, 1MB)

Letter of Authorisation (For NET Fund Applicant only) (PDF, 342KB)

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

Notes:

Maximum loan amount: The purchase price of the e-Taxi, subject to a cap of HKD350,000.
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 for Battery Electric Taxis will end on 3 September 2028.

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