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100% Personal Loan Guarantee Scheme (Loans for affected Landlords)

A government loan to provide financial assistance to landlords impacted by the temporary COVID-19 protection measures for business tenants.

Government financial assistance for landlords

Secure your government loan, designed to provide financial assistance for landlords affected by the Temporary Protection Measures for Business Tenants (COVID-19 Pandemic) Ordinance. Introduced by HKMC Insurance Limited (HKMCI).

Get up to 3 times the aggregate monthly rent amount from your tenants, with preferential interest rates for repayment.

Features

Borrow 3X your monthly rental income

Borrow up to 3 times the aggregate monthly rent paid by tenants protected by the Ordinance, or HKD100,000, whichever is lower[@loans-tncapply]

Repayment holiday

Enjoy a 6-month principal repayment holiday[@loans-tncapply]

Interest rebate

Receive a full rebate of the interest upfront upon loan drawdown[@loans-tncapply]

Preferential interest rates

Preferential interest rate for 100% Personal Loan Guarantee Scheme (Loans for affected Landlords):

Loan amount between HKD5,000 – HKD100,000
Monthly flat rate (APR%)[@loans-aprrate60] Monthly repayment amount for every HKD10,000 borrowed (based on a loan tenor of 60 months and monthly flat rate of 0.001%)
With 6-month principal repayment holiday
0.001% (0.02%)

For the first 6 months: HKD0.10


From month 7 onwards: HKD185.30

Without 6-month principal repayment holiday
0.001% (0.03%)
HKD166.80

Preferential interest rate for 100% Personal Loan Guarantee Scheme (Loans for affected Landlords):

Loan amount between HKD5,000 – HKD100,000
With 6-month principal repayment holiday
Monthly flat rate (APR%)[@loans-aprrate60] 0.001% (0.02%)
Monthly repayment amount for every HKD10,000 borrowed (based on a loan tenor of 60 months and monthly flat rate of 0.001%)

For the first 6 months: HKD0.10


From month 7 onwards: HKD185.30

Loan amount between HKD5,000 – HKD100,000
Without 6-month principal repayment holiday
Monthly flat rate (APR%)[@loans-aprrate60] 0.001% (0.03%)
Monthly repayment amount for every HKD10,000 borrowed (based on a loan tenor of 60 months and monthly flat rate of 0.001%) HKD166.80

Things you should know

Eligibility

To apply for a loan pursuant to the eligibility criteria in relation to Loans for Landlords affected by the Ordinance under the 100% Personal Loan Guarantee Scheme, you must be a Hong Kong resident:

  • who is an existing HSBC customer
  • holding a valid Hong Kong identity card
  • who is at least 18 years old
  • who is a legal and beneficial owner of the premises (the 'Premises') which are used wholly or primarily as 'specified premises' (please refer to the application form for details of the list of specified premises)
  • who is a landlord living off rental incomes of the Premises and 20% or more of the rent has not been paid by the tenant for at least one month during the period beginning on 1 January 2022 and ending on the earlier of 31 July 2022 or the date of the loan application
  • who was or has been barred from taking or continuing to take relevant action in respect of the tenant's failure to pay the rent for the Premises in compliance with the tenancy pursuant to provisions under the Ordinance
  • who has not entered into any written forbearance agreement during the period beginning on 1 May 2022 and ending on the earlier of 31 July 2022 or the date of the loan application, in respect of the amount that is to be paid as rent or the time when any rent is payable in relation to the Premises
  • who is not a borrower of or personal guarantor for any loan or credit facility guaranteed under the SME Financing Guarantee Scheme administered by HKMCI
 

Apply now

By form

Complete an application form and submit it in person to your closest branch, or by mail to the following address:

The Hongkong and Shanghai Banking Corporation Limited, PO Box 72677, Kowloon Central Post Office, Kowloon, Hong Kong

For enquiry

FAQ

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Remarks

    • Loans will be originated by HSBC based on the relevant eligibility criteria. After loan drawdowns, the loans will be sold and transferred to the HKMC without recourse to HSBC who will provide administration services to the HKMC in relation to the loans.
    • A borrower may receive an interest rebate upfront of which rebate is equal to the aggregate amount of interest payable by the borrower for the whole term of the loan.
    • Maximum loan amount is 3 times the aggregate monthly rent receivable by the applicant from tenants protected by the Ordinance for any one month during the period beginning on 1 January 2022 and ending on the earlier of (a) 31 July 2022; and (b) the date of loan application, or HKD100,000 (including previous loans approved for or drawn by the borrower under the 100% Personal Loan Guarantee Scheme), whichever is lower.
    • No handling charge, set up fees or early redemption penalty.