FINANCIAL SERVICES | Staff Reporter, Hong Kong

Dah Sing Bank opens applications for 100% SME loan guarantee

Clients can apply for up to $5m with a five-year max guarantee period.

Dah Sing Bank is now accepting applications from SMEs for its special 100% loan guarantee under the SME Financing Guarantee Scheme (100% SFGS), a statement read.

The 100% SFGS was launched by HKMC Insurance Limited (HKMCI) and is offered at an annual interest rate of 2.50% below the HKD prime lending rate quoted by the Hong Kong Mortgage Corporation.

Eligible customers can apply for the 100% SFGS for up to $5m and a maximum guarantee period of five years to repay the loan. Eligible applications will have no requirement for guarantees and no handling fees.

The lender also offers a 328 SME express instalment loan for a maximum amount of up to$3m, with a maximum repayment term of up to 60 months.

Dah Sing Bank also accepts applications for HKMCI’s 90% guarantee product. 

Photo courtesy of Wikimedia Commons.

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