The Bank of East Asia

Corporate Banking

SME Financing Guarantee Scheme - Guarantee Provided by HKMC Insurance Limited

100% Guarantee product page

Main Features:

 
Special 100% Loan Guarantee
90% Guarantee Product80% Guarantee Product

Facility Type

Term loan

Term loan

Term loan
or revolving credit line

Maximum Loan Tenor

8 years

5 years

7 years

Maximum Loan Amount

HK$6,000,0001

HK$8,000,000

HK$18,000,000

Promotional Offers

• Full guarantee fee waiver

• HKD Prime Rate2 - 2.5% p.a.

Offer 13: Guarantee fee rebate of up to HK$50,000

Offer 24: Special offer on trade facilities amounting to HK$1,000

Terms and Conditions

Contact Us

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Please contact HKMC Insurance Limited ("HKMCI") for the most up-to-date information.

 

Remarks:

1 Or total amount of rents and employee wages for 18 months, whichever is lower.

2 Refers to the HKD Prime Rate quoted by the Hong Kong Mortgage Corporation Limited ("HKMC") from time to time.

3 Offer 1: From now until 30th June, 2022, corporate customers can enjoy a guarantee fee rebate of up to HK$50,000 on any newly issued SFGS banking facilities that are drawn/become effective on or before 31st August, 2022.

4 Offer 2: HK$1,000 in supermarket vouchers. Simply take out trade facilities under the SFGS on or before 30th June, 2022 and make at least 5 bills transactions on or before 31st August, 2022.

 

Terms and Conditions of the Guarantee Fee Rebate:

  1. The SME Financing Guarantee Scheme (“SFGS”) is operated by HKMC Insurance Limited (“HKMCI”).
  2. Only customers who submit new applications for banking facilities of HK$3,000,000 or more under the SFGS between 1st July, 2021 and 30th June, 2022 (both dates inclusive) – and which are then approved and drawn down/become effective on or before 31st August, 2022 – are eligible for the Guarantee Fee Rebate (“Eligible Customers”).
  3. Customers can settle the guarantee fee in a single upfront payment or by making annual payments. Eligible Customers are entitled to a rebate amounting to 50% of the single upfront guarantee fee paid or 50% of the annual guarantee fee paid in the first year, up to a maximum rebate amount of HK$50,000 (“Guarantee Fee Rebate”).
  4. The Guarantee Fee Rebate will be credited to each Eligible Customer on or before 30th September, 2022, provided that the relevant SFGS account is still operative.
  5. Each Eligible Customer is entitled to receive the Guarantee Fee Rebate once if they have not held any SFGS facilities from BEA within the 12 months prior to the date of drawdown (excluding the Special 100% Loan Guarantee).
  6. BEA shall have sole discretion to determine which facilities under the SFGS and/or which portion of the facilities under the SFGS shall be eligible for the Guarantee Fee Rebate.
  7. If the facility(ies) under the SFGS is/are cancelled within 12 months from the date of  drawdown, the Eligible Customer shall immediately return the full amount of the Guarantee Fee Rebate to BEA. BEA may debit any such amount from the Eligible Customers’ BEA accounts at any time without prior notice.
  8. Approval of applications for facilities under the SFGS shall be at the sole discretion of BEA. BEA shall have sole discretion to determine or amend the methodology for calculating the Guarantee Fee Rebate and deciding the actual Guarantee Fee Rebate amount, which shall be conclusive and binding on the Eligible Customer.
  9. No employee of any member of the BEA Group, nor any companies under his/her control, are eligible to participate in this promotion.
  10. BEA reserves the sole right to vary or cancel all or any of the offers and/or amend or alter these Terms and Conditions at any time without prior notice. In the event of any dispute, the decision of BEA shall be final and conclusive.
  11. Should there be any discrepancy between the English and Chinese versions of these Terms and Conditions, the English version shall apply and prevail.

 

Terms and Conditions of the Special Offer on Trade Facilities:

  1. All offers are valid between 1st July, 2021 and 30th June, 2022, (both dates inclusive) (the “Promotional Period”), unless otherwise specified.
  2. “Bills Transactions” refers to any import/export financing and/or services, such as the issuing of letters of credit (“LCs”) including transferable LCs, confirmation, negotiation, discounting, collection, shipping guarantees, acceptances, trust receipts and import or export loans, but excluding LC advising. There is no minimum bill transaction amount.
  3. Each eligible customer is entitled to receive HK$1,000 in supermarket vouchers once only during the Promotional Period. Supermarket vouchers will be delivered to eligible customers on or before 30th September, 2022 provided that the relevant SFGS bills accounts are still operative.
  4. All offers are non-redeemable and non-transferrable, and cannot be enjoyed in conjunction with any other promotional offers, unless otherwise specified.
  5. BEA’s records as to the date on which any bills account is opened and any Bills Transaction is recorded shall be final and conclusive.
  6. No employee of any member of the BEA Group, nor any companies under his/her control, are eligible to participate in this promotion.
  7. BEA reserves the sole right to vary or cancel all or any of the offers and/or amend or alter these Terms and Conditions at any time without prior notice. In the event of any dispute, the decision of BEA shall be final and conclusive.
  8. Should there be any discrepancy between the English and Chinese versions of these Terms and Conditions, the English version shall apply and prevail.