Pre-approved Principal Payment Holiday Scheme

To provide relief to businesses affected by the outbreak of COVID-19, we are offering eligible corporate customers a pre-approved holiday on principal payments.
Covered Borrowers |
Corporate customers which:
|
Payments Covered |
Principal payments for all bilateral loans1,2 that are drawn down and fall due within the period specified by the HKMA. |
Principal Payment Holiday / Partial Principal Repayment |
Principal Payment Holiday: 6 months beginning from the original due dates of the payments covered, except trade facilities for which the payment holiday period is set at 90 days3. Partial Principal Repayment:
|
Hotline |
2211 1338 |
Remarks:
1 Also applies to loans for taxis, public light buses, and relevant commercial vehicles held in the name of personal customers.
2 Syndicated loans and loans financing the purchase of shares and other financial assets are not covered by the Scheme.
3 For facilities which are self-liquidating in nature, the Bank may require the loan to be settled when the underlying payment has been received by the covered borrower.
4 Please refer to the latest circulars issued by the Hong Kong Monetary Authority ("HKMA”) for the most up-to-date information.