Relief Measures and Support
Facing COVID-19 as a community
DBS Hong Kong 13 Feb 2020 announced that it will introduce a range of special relief measures to help small-and-medium sized (SME) businesses to address their most urgent cashflow needs in these challenging times.
Term Loans: Principle Repayment Moratorium for Up to 6 Months
This measure aims to relieve pressure of making monthly installment covering business mortgage and taxi, public light bus loans.
Import Trade Facilities: Maturity Extension for Up to 60 Days
This will act as immediate cashflow support for businesses coping with supply chain disruptions.
SME Financing Guarantee Scheme (SFGS): Special offer
To provide additional support to SMEs, DBS Hong Kong offers successful SFGS applicants
- loan set-up fee waiver;
- account opening fee waiver for new customers; and
- maximum 50% rebate of the guarantee fee in the first year up to HK$50,000.
Supporting Efforts to Curb Infections
DBS Hong Kong offers flexible funding facilities and interest rate concessions, to customers involved in the production or procurement of relevant medical resources. Customers can contact their Relationship Managers for further discussions.
Digital Banking Anytime and Anywhere
With DBS Hong Kong’s comprehensive suite of digital banking tools, customers are able to take care of their banking needs, including account opening and loan applications, without visiting our branches in person.
Exclusive COVID-19 cover by Chubb
Enjoy COVID-19 coverage to help our customers and their employees tide through this period with employees’ compensation insurance (provided by Chubb Work Guard Policy and Chubb Enterprise Guard Policy)
Additional benefit of HK $3,000 per employee with a confirmed diagnosis of COVID-19 (contracted during the course of work and incidental to their employment), subject to HK$15,000 maximum per policy
Work From Home extension
Indemnify your full time employees against bodily injury and death in respect of clerical work undertaken in the course of their employment when they are requested or permitted to work from home
No additional underwriting information and/or premium is required until policy expiry. Upon policy renewal, if the extension is still required, underwriting information and additional premium will be applied to the policy.
If you have any questions, please call our DBS Chubb Insurance Service Hotline at 3191 6618 for more information.
Terms and Conditions apply to the above insurance benefits.
The above insurance plans are underwritten by Chubb Insurance Hong Kong Limited ("Chubb"). Chubb reserves the right of final approval. DBS Bank (Hong Kong) Limited (the "Bank") is an licensed insurance agency authorised by Chubb.
DBS Chubb Insurance Service Hotline is a dedicated enquiry hotline for DBS customers serviced by Chubb.
“Just as we did during SARS in 2003, DBS Hong Kong is extending our full support to SMEs, with comprehensive relief measures to help our customers overcome the current challenges. DBS Hong Kong is standing by our SMEs and the community in the fight against the COVID-19 outbreak.” Alex Cheung, Managing Director and Head of Institutional Banking Group, DBS Hong Kong, said.
DBS Hong Kong will continue to support our customers with relief measures during this challenging time and will announce additional measures in due course.
Remark: Please note the above relief measures are subject to review and approval by the Bank.