On the one hundred% Consumer loan Guarantee Scheme
100% Consumer loan Be sure Design is guaranteed of the Regulators into anyone that are suffering off loss of chief perennial earnings out-of employment considering the pandemic. You’ll be able to check out the Hong-kong Financial Company Restricted (“HKMC”)is the reason webpages otherwise get in touch with HKMC Insurance rates Restricted (“HKMCI”)is why inquiry hotline within (852) 2536 0392 to get more facts.
Hang Seng Bank’s 100% Personal bank loan Be sure Program applies in regards to our present consumers just who try maintaining a legitimate Hang Seng Financial private account. The standardized Annualised Payment Price (“ount is up to HKD100,000 otherwise 9 times of the common monthly money during a position months (any is lower).
- Manager of Hong kong permanent title card aged 18 or above; and you will
- Underemployed, laid-out of, business ceased otherwise chief recurrent earnings reduced by over fifty% for around 2 straight months in the course of app; and you can
- Really should not be undischarged bankrupts nor susceptible to one case of bankruptcy petition otherwise procedures during application for the loan; and you can
- Care for appropriate Hang Seng Lender individual membership
Brand new Borrower will provide the after the documentary proofs out-of prior a career otherwise business during the Hong-kong and you will fundamental perennial income to possess at the least ninety days during the given several months between :
- Bank statements or passbook demonstrating brand new autopay paycheck number (age.grams. credit transaction having malfunction off “salary”, “payroll”, “employer’s label”) for at least 90 days;
- Salary slips, wage receipts, and other data (instance income tax go back or any authoritative data, elizabeth.grams. termination letter, statement from final/severance payment demonstrating the past income and you may ages of a career so you’re able to the fresh Debtor, yearly comments having 2020 otherwise 2021, otherwise month-to-month contribution history of the fresh MPF scheme otherwise ORSO design) and this can be made use of to confirm otherwise deduce the new everyday or monthly salary in the ninety days (together, “wage confirmations”), awarded by newest and you can/otherwise previous boss and you may backed by financial declaration(s) or passbook exhibiting checklist off bank transfer or deposits out-of cheque(s) or dollars. Having wage repaid by cheques and associated wage confirmations is not available, a duplicate of your own removed cheques supported by evidence of employment dating involving the Debtor while the cheque issuer(s);
- Financial comments or passbook (as well as statements or passbook(s) regarding big bank account(s) of your only proprietorship, connection, or in person possessed limited-liability team, in the event that appropriate, or 100 % free-lancers) showing facts of team purchases, and you will backed by evidences off organization situations when it comes to 3 months and that generated an element of the perennial revenues. Types of proofs out-of providers activities were conversion process or services package(s), invoice(s), and other records or payday loans in Eastlake OH correspondence(s) guaranteeing remunerated efforts or systems of one’s Debtor;
- Income tax demand note (plus taxation request notice of Borrower’s only proprietorship, relationship, individually had limited-liability business, if appropriate) to own economic year or or that have assessment information.
Sure, you could get the big-right up mortgage courtesy Hang Seng Financial when you have removed and effectively drawn down the mortgage under the one hundred% Personal bank loan Make sure Plan as a consequence of Hang Seng Bank in past times
Unemployed, laid-regarding otherwise cessation out of team (to possess notice-employed Borrower) for at least 2 successive months during the time of loan app and certainly will make evidence of loss of more than fifty% head perennial income out-of a job (maybe not relevant so you can business person) or loss of head recurrent profits out of work company during the Hong Kong.
- Lender comments or passbook of Borrower’s fundamental individual savings account(s) (and you may chief organization operating bank account(s) to have notice-working entrepreneur) for your dos successive months awarded within this ninety days before the fresh distribution out-of application for the loan indicating a loss in over 50% chief perennial money of work when you look at the Hong-kong (not appropriate so you’re able to business owners) otherwise death of head recurrent income of organization for the Hong kong. Please be aware: Except if warranted if not that have proofs, the financial institution membership will likely be the same as that used so you’re able to reveal the three months’ income proof said on application for the loan mode.