sme financing guarantee scheme

SME Financing Guarantee

Eligible for 80%, 90% and 100% guarantee

SME Financing Guarantee

Eligible for 80%, 90% and 100% guarantee

80% & 90% Guarantee Promotion

From now until 30 September 2020, successful SFGS applicants of 80% and 90% Guarantee will be eligible for the following DBS offers*:

  • Waive up to 100% loan set-up fee 
  • Waive up to 100% account opening fee for new customer
  • Up to 100% rebate on single upfront or annual guarantee fee in the first year of the SFGS Loan, and Eligible customer of 80% Guarantee can enjoy an extra rebate of up to 50% on the annual guarantee fee in the second year of the SFGS Loan. The maximum amount of total Guarantee Fee Rebate of 80% Guarantee and 90% Guarantee will be at HKD 100,000.
Special 100% Loan Guarantee

DBS fully supports the Special 100% Loan Guarantee under the SME Financing Guarantee Scheme introduced by HKMC Insurance Limited (HKMCI) as part of the 2020-21 Budget announced by the Financial Secretary *.  

The 100% guarantee coverage provides support to enterprises which are suffering from reduced income as a result of coronavirus outbreak to alleviate the burden of paying employee wages and rents.

Special 100% Loan Guarantee under the SME Financing Guarantee Scheme
Target Customers 
Local SMEs in all sectors, including those mostly affected by the coronavirus outbreak.
  • Companies, sole proprietorships, partnerships or unincorporated bodies of persons operating and registered in Hong Kong
  • With a valid Business Registration Certificate
  • In operation for at least three months as at end of December 2019
  • Companies with at least 30% decline in sales turnover in any month since February 2020 compared with monthly average of any quarter in 20191
  • Not a listed company, lending institute2, or DBS’s affiliate 
Facility Type Term Loan 
Facility Amount Total amount of wages and rents for six months, or HK$4 million, whichever is lower3
Interest Rate HKMCI Prime Lending Rate4 – 2.5%p.a.
Repayment Period Maximum 36 months, with principal moratorium up to 12 months in aggregate5
Guarantee & Handling Fee Not applicable
Application Period Twelve months after launch date on 20 April 2020


At a Glance


Simply call DBS BusinessCare at 2290 8068 or visit our SME Banking Centres, to find out more! 

*All credit applications under SME Financing Guarantee Scheme are subject to the HKMCI's approval. Please refer to for the terms and conditions set out by the HKMCI.

1 No winding up or bankruptcy petition or proceedings on the loan applicant (and personal guarantors), or outstanding default of more than 60 days.

2 Shall not be carrying on the business of a lender or otherwise providing funds available for borrowing in any way.

3 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.

4 For more information on HKMCI Prime Lending Rate please refer to for more information.

Please refer to HMCI press announcement ( ) on 2 September 2020 for more details 

# This Promotion Offer applicable to 80% and 90% Loan Guarantee under SME Financing Scheme only and is subject to the relevant Terms and Conditions. Please refer to the Terms and Conditions for details.


Your business must be:

  • Operation based in Hong Kong S.A.R.
  • Registered in Hong Kong under the Business Registration Ordinance (Chapter 310)
  • In operation for at least one year with a good financial record 

Listed companies, lending institutions and affiliates of lenders are not eligible for the scheme. 

All credit applications, including the Guarantee Fee charged, are subject to the approval of HKMC Insurance Limited. Please refer to the for the terms and conditions. The Bank reserves the final decision on application approval. 

How to Apply

Simply call DBS BusinessCare at 2290 8068 or visit our SME Banking Centres, and our Relationship Manager will be glad to assist you.

What can I use the loan for?

The loan may only be used for:

  • general working capital for business operations
  • acquiring equipment or assets in relation to your business
  • refinancing facilities guaranteed under the Special Loan Guarantee Scheme of the Trade and Industry Department of the Hong Kong SAR Government upon expiry of the guarantee
What is the interest rate?

SMEs enjoy competitive interest rates that are determined based on their business profile and financial records

Do you charge any fees?

Yes. Fees that will be charged include:

  • Arrangement fee when the loan is approved.
  • As this scheme is offered by the HKMC Insurance Limited, there will be a guarantee fee levied by them


To borrow or not to borrow? Borrow only if you can repay!