Generally, a customer can
obtain the preliminary approval result for the Business Loan
within 30 minutes if the application is made from Monday to
Friday between 9am and 6pm (except public holidays) by calling
2198 8000. If a customer sends the completed and signed application
form (if applicable) by fax to 2148 4261 within the above-mentioned
hours, Hang Seng will contact the customer on the same working
day to confirm the application and give the preliminary approval
result within 30 minutes afterwards. If the customer applies
for the Business Loan outside the above-mentioned hours, Hang
Seng will contact the customer on the next working day to
confirm the application and give the preliminary approval
result within 30 minutes afterwards. The preliminary approval
result will only be available if the customer can provide
the relevant information and the identity of the customer
can be verified. The preliminary approval result is subject
to final approval and confirmation by Hang Seng. The final
approved loan amount, interest rate, fees and charges and
other terms and conditions are subject to the relevant loan
documents being accepted and signed by the customer. Hang
Seng reserves the right of final approval.
Hang Seng reserves the right
to request further supporting documents.
The minimum loan amount is
HKD100,000. Hang Seng will charge a Company Search Fee
of HKD150 per search. On top of that, Hang Seng will charge
a handling fee by way of further loan. Unless specified otherwise,
the relevant handling fee will be 2% of the loan amount
(or 1% of the amount of Top-up Loan Facility), subject to
a minimum amount of HKD1,000.
The maximum tenor for Instalment Loan of HKD1,000,000 or below is 48 months.
Customers may choose to pay
interest only and not to make any principal repayment in the
first 3 months of the repayment period. Afterwards, customers
shall repay the entire principal and pay interest in the remaining
Customers may apply for the
Top-up Loan to reborrow the repaid principal amount under
the Instalment Loan of the Business Loan if at least one third
of the total number of instalments has been repaid. Such applications
are subject to Hang Seng's usual credit assessment procedures.
Customers must make a minimum
payment of an amount equivalent to 10% of the total outstanding
amount on or before the payment due date as shown in the relevant
monthly statement. Unless specified otherwise, Hang Seng will
also impose a monthly charge of 0.3% of the Business Overdraft
Facility limit or HKD300 (whichever is higher).
Customers can enjoy the 3-year
annual fee waiver and fabulous welcome privilege upon successful
application for the Hang Seng Commercial Card. Please click
for details. The Priority Approval of Commercial
Card and its welcome privilege are only applicable to customers
who have successfully applied for and drawn down the Business
Loan and signed the related application form. The provision
of relevant privilege and final approved credit limit are
subject to individual customerís credit assessment result
and Hang Seng may request further documents from the customer
for approval purposes. Hang Seng reserves the right of final
Hang Seng reserves the right
to revise the above terms and conditions at any time without
prior notice. In case of any disputes, Hang Seng reserves
the right of final decision.
The English version of the
above shall prevail whenever there is a discrepancy between
the English and Chinese versions.