Pre-approved Principal Payment Holiday Scheme for corporate customers

Pre-approved Principal Payment Holiday Scheme for corporate customers

10
July
2020

Pre-approved Principal Payment Holiday Scheme for corporate customers

In light of the challenges brought about by the COVID-19 outbreak to the economy and operations of corporates, we are offering principal payment holidays to eligible corporate customers on a pre-approval basis.


Eligible customers (corporate borrowers) need to fulfil the following requirements: 
•    have, on an entity basis, an annual sales turnover of HK$800 million or less, based on their latest financial statements;
•    with no outstanding loan payments payable to the bank which have been overdue for more than 30 days at the Launch Date; and
•    are not in the process of ceasing operations or declaring bankruptcy or liquidation.


How to Apply:
Eligible customers do not need to apply for the Scheme. ORIX has issued letters to eligible customers of the pre-approval under the Scheme and eligible borrowers are only requested to return the signed letter to ORIX within 14 days of the notice (on or before 16th July 2020 noon time) to confirm the detailed arrangements of the deferment.

Enquiry hotline: 2862 9200


Remarks:
1.    Syndicated loans and loans financing the purchase of shares and other financial assets are not covered by the Scheme.
2.    The scheme is subject to detailed terms and conditions. 
3.    In case of any dispute, ORIX reserves the right of final decision and interpretation.


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