Launched by HKMC Insurance Limited (HKMCI), the scheme aims at facilitating the recovery and growth of the travel industry and the cross-boundary passenger transport trade. DBS is fully supporting this scheme by offering term loan facility.
From now until 28 October 2023, eligible clients from the below sub-sectors under the travel industry can submit applications for Dedicated 100% Loan Guarantee Scheme.
How to Apply
Click ‘Apply Now’ below to submit an application for Dedicated 100% Loan Guarantee Scheme.
The Bank reserves the final decision on application approval.
1 All loan applications under “Dedicated 100% Loan Guarantee Scheme” are subject to the HKMCI’s approval. For details or terms and conditions of the “Dedicated 100% Loan Guarantee Scheme”, please visit the website of HKMC at www.hkmc.com.hk.
2 The Borrower and the Guarantor must not be a) an undischarged bankrupt or dissolved, nor subject to any winding up or bankruptcy petition or proceedings; or b) having any outstanding default of more than 60 days.
3 After the Loan Drawdown, the annual interest rate will be adjusted in accordance with any changes to the applicable Hong Kong Prime Rate or Lender's Prime Rate.
4 The Borrower is required to apply for a principal repayment holiday up to 12 months in application for the loan or at any time after the drawdown of the loan.
To borrow or not to borrow? Borrow only if you can repay!