1/ What is Special 100% Loan Guaranteed Scheme?

The Special 100% Loan Guaranteed Scheme is a loan guarantee scheme launched by the Government aims to help SMEs to secure loans from participating lending institutions. Thereby, help minimise enterprise shutting down and layoffs during the pandemic. 


2/ Who are eligible to apply for the Special 100% Loan Guaranteed Scheme?

Local SMEs in all sectors including but not limited to retail outlets, travel, Eligible Enterprises agents, restaurants, cinemas, karaoke establishments and transport, operators, etc. with valid Business Registration Certificate


3/ What is the Application Requirements?

  • Business registration and operation in Hong Kong for at least 3 months as at the end of December 2019.
  • Suffered at least a 30% decline in sales turnover in any month since February 2020 compared with the monthly average of any quarter in 2019.


4/ Whether the Government or the lending institutions lend to customers?

All approved loans were guaranteed by the Government and lent by the lending institutions to customers directly.


5/ How to calculate the maximum facility loan amount?
  • Up to the total amount of employee wages and rents for six months; Amount or HKD4 million, whichever is lower. Or
  • If an enterprise does not have either employee(s) or rented office(s), proxy is made to 50% of the highest monthly net income in 2019 multiplied by 6.


6/ Is there any guarantee fee or handling fee?

There is NO guarantee fee; but it may involve handling fee from lending institutions.


7/ What is the loan interest rate?

Annual interest rate at 2.5% below the Prime Lending Rate. (i.e. the current effective interest rate at 2.75% p.a.)


8/ How is the Maximum Repayment Period?

36 months (with an optional principal repayment holiday for the first Repayment Period 12 months)


9/ What is the application period?

12 months starting from the scheme launch


For further information, please contact us.


You may want to read:  http://centreo.hk/special-100-loan-guarantee/

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