Hang Seng Business Loan and 90% Guarantee Product, helps you stay ahead of challenges with the speed your business needs, bringing immediate financing solutions for you to master growth opportunities and achieve your business goals!

Apply Business Loan or 90% Guarantee Product through the Hang Seng Business Online Application Platform, the approval-in-principle result will be available in 3 minutes.

Product Comparison

Business Loan	90% Guarantee Product
To get a speedy loan drawdown to facilitate business operation and expansion	To get a government guaranteed loan with better interest rate
Loan amount up to HKD2,000,000	A larger loan amount up to HKD8,000,000
Instalment loan repayment period of up to 60 months No collateral or financial reports requiredFootnote remark [1]
Apply fully online and get the approval-in-principle result in 3 minutesFootnote remark [2] Upload documents and complete digital ID verification to e-Sign the loan documentsFootnote remark [3]
Directly approved by Hang Seng After approval by Hang Seng, subject to HKMCI's approval
Apply Business Loan online	Apply 90% Guarantee Product online

Remarks:

Hang Seng Bank Limited ("Hang Seng") reserves the right to request any further supporting documents / information.
3-minute approval-in-principle approval service is only applicable to the online applications for Hang Seng Business Loan ("Business Loan") and 90% Guarantee Product under SME Financing Guarantee Scheme ("90% Guarantee Product") received by Hang Seng in 6:45am to 9pm from Mondays to Fridays, and from 6:45am to 6pm on Saturdays, Sundays and public holidays, and subject to the accuracy of information provided by customers, the devices and internet performance of customers, the availability and stability of the bank’s related systems and servers, as well as the credit reference agency’s services. Hang Seng reserves the right for providing the service. For the online applications without 3-minute approval-in-principle approval results provided, the bank would contact the applicants in two working days. 3-minute approval-in-principle approval result is generated according to the information provided by applicants in online application, the internal records of Hang Seng and credit information provided by credit reference agency. The 3-minute approval-in-principle approval result is subject to the supporting documents provided by applicant and final review and approval by Hang Seng. Hang Seng reserves the right for approving a lesser amount of the 3-minute approval-in-principle approval result or reject the application without giving any reason therefor.
The digital ID verification and e-Sign service is subject to the devices and internet performance of customers, the availability and stability of the bank’s related systems and servers. Also, the applicant’s connected party(ies) has/ have to be physically located in Hong Kong when completing digital ID verification and e-Sign. Hang Seng reserves the right for providing the service.

Enquiry: 2198 8022

Application Offer

Customers who successfully apply for the Business Loan from 1 July - 31 December 2023 through Hang Seng Business Online Application Platform can enjoy below offers⁽ⁱ⁾:

- 50% off handling fee for Instalment Loan
- 50% off monthly fee for Overdraft Facility

Business Loan Application Steps

Create profile
and
submit the loan
application form

Approval-in-principle result in 3 minutes and upload documents

Perform Digital ID Verification and
e-Sign the loan documents

Features of Application for Business Loan

Loan amount up to HKD2,000,000

No collateral or financial reports required

Choice of 2 financing options: Instalment Loan or Overdraft Facility

1. Instalment Loan allows you to better plan your finances
1. Repayment period of up to 60 months
2. Choice of Principal Repayment DeferralFootnote remark [1] in the first 3 months
3. Top-up Loan allows you to re-borrow the repaid principal amountFootnote remark [2], providing greater financial flexibility

1. Overdraft FacilityFootnote remark [3] helps you meet unexpected financial needs
1. No interest charged on unused limit
2. Credit limit restored automatically with each repayment

Remarks:

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 repayment period.
Customers may apply for the Top-up Loan if at least 6 monthly instalments including the principal and interest have been repaid. Such applications are subject to Hang Seng's usual credit assessment procedures.
Customers are required to 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.

Hang Seng Business Loan is suitable for all kinds of business expansion!

Run out of stock and in need of cash for replenishment for a trading business?

Got too much on your plate but there’s no cash to hire more hands?

Learning Centres have no cash to open a new branch?

Want to branch out from online to offline but there’s no cash to open a physical store?

Application Offer

From now till 31 December 2023, customers who successfully apply for the 90% Guarantee Product through Hang Seng Business Online Application Platform can enjoy below offers⁽ⁱⁱ⁾:

Full handling fee waiver and up to
HKD100,000 Guarantee Fee Subsidy

Major features of 90% Guarantee Product

Maximum Facility Amount up to HKD8,000,000

Maximum Guarantee Period up to 5 years

Want to know more about other types of SFGS products?

Visit here
to
know more

Remarks:

The SME Financing Guarantee Scheme ("SFGS") is provided by The HKMC Insurance Limited (“HKMCI”), a wholly-owned subsidiary of the Hong Kong Mortgage Corporation Limited (“HKMC”). The facility type, maximum facility amount, and maximum guarantee period are set in accordance with the scheme features determined by HKMCI. A guarantee fee will be applied and is subject to the credit facility amount, bank interest rate and the guarantee coverage as determined by the HKMCI from time to time. For details, please visit the website of the HKMC.
The application period for the 90% Guarantee Product last until to 31 March 2024.

Want to know more about how Business e-Banking can help

Visit here
to find
out more

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

Terms and Conditions for 50% off handling fee for Business Loan Instalment Loan and monthly fee for Business Loan Overdraft Facility:

(i)

50% off handling fee for Business Loan Instalment Loan and first-year monthly fee for Business Loan Overdraft Facility are only applicable to commercial customers applying for Business Loan Instalment Loan/ Overdraft Facility through Hang Seng Business Online Application Platform from 1 July to 31 December 2023 and in condition that the Business Loan Instalment Loan/ Overdraft Facility has been successfully approved and drawn down/ effective within 3 months from the date of application ("Eligible Customers of Business Loan").

(ii)

The handling fee for Business Loan Instalment Loan will be charged by way of further finance. The prevailing handling fee and the privileged handling fee enjoyed by Eligible Customers of Business Loan are as follows:

Tenor (months)	6-12	13-24	25-36	37-48	49-60
Prevailing handling fee charged on the original loan amount	0.5%	1.0%	1.5%	2.0%	2.5%
Privileged handling fee charged on the original loan amount	0.25%	0.5%	0.75%	1.0%	1.25%

(iii)

The prevailing monthly fee for Business Loan Overdraft Facility is 0.2% on the limit. Eligible Customers of Business Loan can enjoy the privileged monthly fee of 0.1% on the Limit.

Terms and Conditions for Application Privileges of 90% Guarantee Product:

(ii)

The Application Privileges of 90% Guarantee Product are applicable to customers who submit their applications for 90% Guarantee Product under SFGS on or before 31 December 2023 and the related loans are approved and drawn down / effective on or before 30 April 2024 ("Eligible Customers of 90% Guarantee Product").

(iii)

Eligible Customers of 90% Guarantee Product are entitled to (1) full handling fee waiver and (2) subsidy on the single upfront guarantee fee or the first year annual guarantee fee paid (if the eligible customer choose to settle the guarantee fee on an annual basis), with a subsidy cap of HKD100,000 to applications submitted through Hang Seng Business Online Application Platform and a subsidy cap of HKD50,000 to applications submitted through other channels. The subsidy amount will be credited to the Eligible Customers of 90% Guarantee Product's bank accounts (that used to settle the guarantee fee with the HKMCI) within 2 weeks after all applied credit facilities of 90% Guarantee Product being drawn down.

General Terms and Conditions:

(iv)

No person other than the customer and Hang Seng (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provision of these Terms and Conditions.

(v)

These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.

(vi)

These Terms and Condition are subject to prevailing regulatory requirements.

(vii)

Hang Seng reserves the rights to suspend, alter or terminate the above offer and amend relevant terms and conditions at any time without prior notice. In case of any disputes, Hang Seng reserves the right of final decision.

In case of any discrepancy between the English and Chinese versions of the above content, the English version shall prevail.

Enquiry: 2198 8022

- 50% off handling fee for Instalment Loan - 50% off monthly fee for Overdraft Facility

Full handling fee waiver and up to HKD100,000 Guarantee Fee Subsidy

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

- 50% off handling fee for Instalment Loan
- 50% off monthly fee for Overdraft Facility

Full handling fee waiver and up to
HKD100,000 Guarantee Fee Subsidy