3
June
2020
ORIX fully supports the enhancement measures by HKMCI
ORIX provides financial support to local enterprises to cope with the impact of COVID-19. We are pleased to announce that we fully support HKMC Insurance Limited (HKMCI) for the enhancement measures to 80% and 90% Guarantee Products under SME Financing Guarantee Scheme (SFGS).
Under the enhancement measures, both the existing guaranteed loans and new applications are eligible for an interest subsidy for a maximum period of 12 months, the payments of which will start to be made by the end of June this year.
The implementation details are as follows:
- All outstanding loans as of 30 April 2020 will receive the first batch of interest subsidy for up to 3 months, of which payment will be successively made starting from the end of June 2020.
- The payment of subsequent interest subsidy will be made on a monthly basis thereafter;
- Interest subsidy is applicable to new loan applications successfully submitted before 31 May 2021.
For more details about the enhancement measures, please kindly visit the website of The Hong Kong Mortgage Corporation Limited (HKMC), or contact your relationship manager at ORIX.
To borrow or not to borrow? Borrow only if you can repay!
*The enhancement measures are subject to detailed terms and conditions.