Dedicated 100% Loan Guarantee Scheme – administered by HKMC Insurance Limited
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 |
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| 06 - Taxi Owners | ||||||
| Product Code | (ETX100) | |||||
| Loan Purpose |
The proceeds from the Loan must be used for the purchase of an e-taxi for replacing a taxi which is not an e-taxi. |
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| Maximum Loan Amount |
Purchase price per each eligible e-taxi, capped at HK$350,0001
Note: Please apply this loan at the existing bank for the taxi hire-purchase agreement (if any) |
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| 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 |
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| Contact Us |
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Apply Now [HKMCI 100% DLGS Application Form (For Battery Electric Taxis)] [BEA 100% DLGS Application Form] and [Input Guide (only available in Chinese)] |
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3608 1220
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.
