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Remarks:

1. The 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. Application of Special 100% Loan Guarantee are entitled to HKMCI’s full guarantee fee waiver. For details, please visit the website of the HKMC.
2. The application period for Special 100% Loan Guarantee will last until 31 December 2021.
3. Hang Seng Bank Limited ("Hang Seng") has the absolute discretion to reject any application or to approve a credit facility of a lesser amount than the customer have applied for. The final approved credit facility amount, interest rate, fees and charges and other terms and conditions are subject to the relevant loan documents to be accepted and signed by the customer. Hang Seng reserves the right of final approval.
4. HKMCI provides interest subsidy up to 12 months to credit facilities under 80% Guarantee Product and 90% Guarantee Product with the amount of subsidy subject to a cap of 3% per annum. Interest subsidy is applicable to new loan applications successfully submitted to HKMCI by system on or before 31 May 2021 and the related loans drawn down / effective on or before 31 Aug 2021. In the month the customer is entitled to receive interest subsidy, the related credit facility(ies) must be in good credit condition. The details of interest subsidy is subject to HKMCI’s final announcement, please refer to the website of HKMC or contact your Relationship Manager for details.

Terms and Conditions for Supermarket Coupon offers:

• HKD500 Supermarket Coupon offer is only applicable to commercial customers newly applying Special 100% Loan Guarantee in the period from 29 March 2021 to 30 April 2021 (the "Promotion Period") on condition that the loan has been successfully approved and drawn down within 3 months from the date of application; HKD100 Supermarket Coupon offer is only applicable to existing customer of Special 100% Loan Guarantee applying top-up loan in the Promotion Period on condition that the loan has been successfully approved and drawn down within 3 months from the date of application (collectively the “Eligible Coupon Customer”).
• Each Eligible Coupon Customer can enjoy Supermarket Coupon offer once during the Promotion Period.
• Hang Seng will notify the Eligible Coupon Customer of the delivery arrangement of Supermarket Coupon by mailing the redemption letter to the Eligible Coupon Customer’s correspondence address in Hang Seng’s record on or before 30 September 2021. Hang Seng reserves the right of validating customer’s eligibility in receiving the Supermarket Coupon.
• Hang Seng is not the supplier of the Supermarket Coupon and will therefore not assume any liability in relation to the Supermarket Coupon. Any matters with regards to the quality and availability of the product(s) and/or service(s) relating to the Supermarket Coupon will be solely responsible by the supplier of the Supermarket Coupon. Any disputes or complaints relating to the Supermarket Coupon shall be resolved directly between customers concerned and the supplier. For the details of how to use the Supermarket Coupon, please refer to the terms and conditions printed thereon. Supermarket Coupon cannot be redeemed for cash or exchanged for any other gift. If there is any damage or lost, the Supermarket Coupon will not be replaced.

Terms and Conditions for Account Opening Fee and Company Search Fee Waiver, and Waiver of Initial Deposits Requirement:

• New commercial customers applying Special 100% Loan Guarantee in the Promotion Period on condition that the loan has been successfully approved and drawn down within 3 months from the date of application who open an IBS Account concurrently can enjoy account opening fee and company search fee waiver, and also the waiver of initial deposits requirement on the newly opened IBS Account. For details, please call the Business Partner Direct at 2198 8000.
• New commercial customers refer to commercial customers who do not have any business account at Hang Seng.

Terms and Conditions for Application Privileges of 80% Guarantee Product:

• The privileges of 80% Guarantee Product are applicable to customers who submit their applications for 80% Guarantee Product under SFGS on or before 30 June 2021 and the related loans are approved and drawn down / effective on or before 31 October 2021 ("Eligible Customers").
• Eligible Customers of 80% Guarantee Product are entitled to the full subsidy on the single upfront guarantee fee or the first year annual guarantee fee paid, subject to the maximum subsidy amount of HKD50,000 The subsidy amount will be credited to the Eligible Customer’s bank account (that used to settle the guarantee fee with the HKMCI) within 2 weeks after all applied credit facilities of 80% Guarantee Product under SFGS being drawn down / effective.
• The HKD5,000 Trade Service Fee Discount Coupons (“Coupons”) are only applicable to the Eligible Customers of 80% Guarantee Product who successfully apply for trade facility(ies) under SFGS. The Coupons will be mailed to the eligible customers within 90 days after the effective date of relevant credit limit. The Coupons can only be used for discounting handling fees / charges in connection with trade services (except factoring services and bank guarantee services). The use of Coupons is subject to the terms and conditions printed thereon.

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

• The privileges of 90% Guarantee Product are applicable to customers who submit their applications for 90% Guarantee Product under SFGS on or before 30 June 2021 and the related loans are approved and drawn down / effective on or before 31 October 2021 ("Eligible Customers").
• Eligible Customers of 90% Guarantee Product are entitled to (1) full handling fee waiver (applicable to Instalment Loan and Term Loan), and (2) full subsidy on the single upfront guarantee fee (if the customer chooses to settle the guarantee fee on annual basis, only the first year annual guarantee fee will be subsidized). The subsidy amount will be credited to the Eligible Customers' bank accounts (that used to settle the guarantee fee with the HKMCI) within 2 weeks after all applied credit facilities of 90% Guarantee Product under SFGS being drawn down.

General Terms and Conditions:

• The above offers cannot be used in conjunction with other promotional offers. Hang Seng reserves the right to suspend, alter or terminate the above privileges and amend these terms and conditions at any time without prior notice. In case of disputes, Hang Seng reserves the right of final decision.
• These terms and conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
• These terms and conditions are subject to prevailing regulatory requirements.
• No person other than the customers 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.
• The English version of these terms and conditions shall prevail whenever there is a discrepancy between the English and Chinese versions.