Hang Seng fully supports the

SME Financing Guarantee Scheme

to back SMEs in every long race to their business goals!

Hang Seng fully supports the SME Financing Guarantee Scheme ("SFGS") ⁽¹⁾, helping SME to enhance their productivity and competitiveness amid the rapidly changing business environment in order to grasp every business opportunity.

Major Features

Guarantee coverage of 50%, 60% or 70% of the credit facilities
Guarantee coverage of 80% of the credit facilities is provided under the Special Concessionary Measures⁽²⁾
Credit facility amount of up to HKD15,000,000⁽³⁾
Repayment period of up to 7 years

Application Privileges

From now until 30 June 2022, upon successful application for any credit facilities under SFGS, you can enjoy up to HKD100,000 Guarantee Fee Subsidy. What's more, HKD5,000 Trade Service Fee Discount Coupons will come your way if you successfully apply for trade facilities under such scheme.

To know more

Please contact your Relationship Manager or call our 24-hour Business Partner Direct

2198 8000

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

Notes:

The SFGS is provided by The HKMC Insurance Limited (“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 HKMCI.
The application period for the Special Concessionary Measures of SFGS is until 30 June 2022.
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.

Terms and Conditions of the Privileges:

The privileges are applicable to customers who submit their application for credit facility(ies) under SFGS between 28 August 2019 to 30 June 2022 (both dates inclusive) and the credit facility(ies) is / are approved and drawn down / become effective on or before 31 October 2022 ("Eligible Customers").
Eligible Customers are entitled to the full subsidy on the single upfront guarantee fee or the 1st year annual guarantee fee paid (“subsidy”), subject to the maximum subsidy amount of HKD100,000. The subsidy 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 under SFGS being drawn down / effective.
The HKD5,000 Trade Service Fee Discount Coupons (“Coupons”) is only applicable to the Eligible Customers 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.

General Terms and Conditions:

The above privileges 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 Eligible 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.