 |
The SME Loan Guarantee Scheme (“SGS”)(1) covers the following two types of loans offered by Hang Seng Bank Limited (“the Bank”): |
| 1. |
Business Installations and Equipment Loans - Financing to help SMEs acquire business installations and equipment(2) to enhance business efficiency
|
| 2. |
Working Capital Loans- Extra funds for SMEs to meet working capital needs for general business uses so as to grasp opportunities for business expansion |
|
|
SMEs(3) can either apply for “Business Installations and Equipment Loans” or “Working Capital Loans”, or a combination of both. The aggregate loan amount can be up to HKD12,000,000 (4) |
| |
|
Maximum loan tenor can be up to five years |
 |
|
Enjoy 50% discount of handling fee for applications submitted on or before 31 December 2008.(5)
Apply online and enjoy $100 Commercial Card Cash Dollars upon approval(6) |
|
|
|
 |
| For enquiries, please call our 24-hour Business Partner Direct on 2198 8000 to contact our Customer Service Representatives. |
| Notes: |
| (1) |
For details about the SGS, please visit the website of the Trade and Industry Department. |
| (2) |
Business installations and equipment may include machinery, tools, computer software and hardware, communication system, office equipment, transport facilities, furniture and fixtures (e.g. air-conditioning system, built-in cabinets and lighting system, etc. but decoration works are excluded.) |
| (3) |
The HKSAR Government defines SMEs as any manufacturing business that employs fewer than 100 persons in Hong Kong; or any non-manufacturing business that employs fewer than 50 persons in Hong Kong. "Number of persons employed" include individual proprietors, partners and shareholders actively engaged in the work of the company and salaried employees of the company, including full-time or part-time salaried personnel directly paid by the company, both permanent and temporary, at the time of lodging applications under the SGS. |
| (4) |
For a customer who applies for Business Installations and Equipment Loans only, the maximum loan amount can be up to HKD12,000,000 or 90% of the equipment's purchase price, whichever is lower. The final approved loan amount is subject to the result of the individual customer’s credit assessment by the Bank. The Bank reserves the right of final loan approval. The loan(s) amount and other terms and conditions of the loan(s) are subject to the terms and conditions as set out in the relevant loan documents to be signed by the customer. |
| (5) |
The Bank will charge a handling fee by way of further loan, which is equivalent to 1% of the approved loan amount or HKD3,000, whichever is higher. For applications received by the Bank on or before 31 December 2008, in case of loan approval, the handling fee is 0.5% of the approved loan amount or a minimum amount of HKD3,000. The Bank will also charge a Company Search Fee of HKD150 per search. |
| (6) |
Only applicable to customers who hold a valid Hang Seng Commercial Card. After successfully applying for the loan(s) online, if a customer spends or makes cash advances at least once within two months after first loan drawdown, $100 Cash Dollars will be credited to the Commercial Card account used to make the first spending or cash advance by the customer within eight to 10 weeks after the posting date of the relevant spending or cash advance transaction. Use of Cash Dollars is subject to the terms and conditions for Hang Seng Credit Card Membership Rewards Program. For details of the Cash Dollars reward, please visit Hang Seng Commercial Card webpage. |
| (7) |
The Bank reserves the right to change this offer and the related terms and conditions without prior notice. In case of disputes, the decision of the Bank shall be final. |
|
|
|
Loan
Calculator
|
 |
|
| |
Reference Rate
|
 |
|
| |
Contact
Us
|
|
|
| |
|
|