Dedicated 100% Loan Guarantee Scheme – administered by HKMC Insurance Limited
Dedicated 100% Loan Guarantee Scheme is administered by HKMC Insurance Ltd (“HKMCI”), aim to support licensed travel agents,
owners of local tour coach and the eligible registered vehicle owners or ferry owners/operators of cross-boundary passenger transport to
facilitate their business resumption alongside the gradual tourism recovery.
Main features:
| Specified Sectors |
For Travel Sector |
For Cross-boundary (CB) Passenger Transport Trade |
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| 01 - Licensed Travel Agent | 02 - Local Tour Coach Owners2 |
03 - CB Coach Owners2 |
|
05 – CB Ferry Owners / Operators | |||||||||
| Product Code | (LTA100) | (LTC100) | (CBC100) | (CHC100) | (CBF100) | ||||||||
| Loan Purpose |
The proceeds from the Loan must be used for meeting needs in general working capital fro the Borrower's resumption of business. |
The procceeds from the Loan must be used for repair and/or maintenance of and buying comprehensive insurance for the relevant vehicle(s) or vessel for the Borrower's resumption of business. | |||||||||||
| Maximum Loan Amount |
According to no. of employee1
|
HK$100,000 per eligible tour coach |
HK$100,000 per eligible cross-boundary coach |
HK$80,000 |
HK$2,000,000 per eligible cross-boudary ferry |
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| Facility Type | Term Loan | ||||||||||||
| Maximum Loan Tenor | 10 Years | ||||||||||||
| Interest Rate | HKD Prime Rate3 - 2.5% p.a. | ||||||||||||
| Application Fee | Full waiver | ||||||||||||
| Programme Period | Now until 27 October 2023 | ||||||||||||
| Contact Us |
3608 1220 |
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<Apply Now> [HKMCI 100% DLGS Application Form] [BEA 100% DLGS Application Form] [100% DLGS Document Checklist and Submission Method] |
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Remarks:
1 The number of employee is based on:
(a) For licensed travel agents that have applied for subsidy under Anti-epidemic Fund (AEF 2.0), the loan amount will be subject to the cap of the number of employees as at 31 March 2020 according to the records of AEF 2.0;
(b) For licensed travel agents that have neither applied for nor received any subsidy under AEF 2.0, the loan amount will be subject to the cap of the number of employees for any two consecutive months on or before the launch date of the Scheme (28 April 2023) but no earlier than 31 March 2020, which shall be supported by the proof of payroll records and MPF payments together with the MPF remittance statements filed to the MPF service provider for the two concerning months.
2 If the Borrower holds both A01 and A05 endorsements for the relevant PSLC, the Borrower should submit an Application Form via Product Code CBC100 instead of Product Code LTC100.
3 Refers to the HKD Prime Rate quoted by the Hong Kong Mortgage Corporation Limited ("HKMC") from time to time.
4 Please refer to the latest announcement by HKMC Insurance Limited ("HKMCI") for the most up-to-date information.
