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

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.

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

• Account Opening Fee and Company Search Fee Waiver, and Waiver of Initial Deposits Requirements are applicable to new commercial customers applying Special 100% Loan Guarantee in the period from 1 July 2021 to 31 December 2021 on condition that the loan has been successfully approved and drawn down within 3 months from the date of application ("Eligible Customer"). Eligible Customers of Account Opening Fee and Company Search Fee Waiver, and Waiver of Initial Deposits Requirements 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 31 December 2021 and the related loans are approved and drawn down / effective on or before 30 April 2022 ("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 31 December 2021 and the related loans are approved and drawn down / effective on or before 30 April 2022 ("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.