Dedicated 100% Loan Guarantee Scheme ("DLGS")


Dedicated 100% Loan Guarantee Scheme is administered by HKMC Insurance Ltd (“HKMCI”). The scheme supports and encourages taxi owners to replace LPG, gasoline or hybrid taxis with electric taxis, promoting the use of electric taxis and developing green transportation, which helps achieve the carbon neutrality target of Hong Kong.

Main features:

 


Specified Sector		 For Battery Electric Taxis

06 - Taxi Owners
Product Code (ETX100)
Loan Purpose The loan proceeds must be used to purchase an electric taxi to replace an existing non-electric taxi



Maximum Loan Amount		 Purchase price per each eligible electric taxi, capped at HK$350,0001

Note: Please apply this loan at the existing bank for the taxi hire-purchase agreement (if any)
Facility Type Term Loan
Maximum Loan Tenor 10 years
Interest Rate HKD Prime Rate2 - 2.5% p.a.
Application Fee Full waiver
Programme Period Now until 3 September 2028

Apply Now

[HKMCI 100% DLGS Application Form (For Battery Electric Taxis)]

[BEA 100% DLGS Application Form] and [Input Guide (only available in Chinese)]

[100% DLGS Document Checklist and Submission Method]


Remarks:

  1. If any New Energy Transport Fund ("NET Fund") subsidy issued by Environment and Ecology Bureau ("EEB") is received after loan drawdown, such NET Fund subsidy shall be used to repay any amount due by the borrower under tha loan.
  2. Refers to the HKD Prime Rate quoted by the Hong Kong Mortgage Corporation Limited ("HKMC") from time to time.
  3. Please refer to the latest announcement by HKMC Insurance Limited ("HKMCI") for the most up-to-date information.
     
 
dummy image
+852 3608 1220
icon-email

SMELoan@hkbea.com

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