, Hong Kong
335 view s

Hong Kong’s Airstar Bank launches pilot trial of SME Easy Pay Loan

After transferring their existing installment loan, customers can enjoy a first 24-month principal payment holiday.

Airstar Bank has launched the pilot trial of its SME Easy Pay Loan feature through the Fintech Supervisory Sandbox administered by the Hong Kong Monetary Authority, according to a press release.

The feature aims to provide small and medium enterprises (SMEs) by making use of technology to offer a more convenient and faster digital loan experience.

After customers transfer their existing instalment loan to Airstar Bank, they can enjoy a first 24-month principal payment holiday, which immediately lowers their monthly expenses. 

SME customers can also borrow up to two times the original loan amount including extra cash, reducing loan repayment pressure whilst helping increase their cash flow.
 
Airstar Bank previously held several focus groups early in the year in order for SME owners and key personnel, where the respondents shared their concerns about the loan application procedure, especially the loan application time, documents required and meetings frequency, amongst others. 
 
From the focus group, it was evident that SMEs rely on bank services most often to solve their cash flow problems. Reducing expenses and increasing cash flow is of the utmost importance for SMEs, especially during phases of business expansion, Airstar Bank said.

Application is done fully online with no face-to-face meetings required. Neither financial statements nor service fees are also required for acquiring loan approval—which can be completed in as fast as three working days.

Follow the link s for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!