80% Guarantee Term Loan under the SFGS (Express)

The SME Financing Guarantee Scheme helps SMEs with obtaining financial support through a guarantee provided by the HKMC Insurance Limited (HKMCI), and helps SMEs with navigating business development amid a dynamic environment.

You may use the loan proceeds:

• For the acquisition of assets (such as industrial or commercial properties, machinery and equipment, but excluding residential properties) to facilitate the Borrower's business operations; or
• As general working capital for the Borrower's business operations; or
• For the refinancing of facilities or facilities that were guaranteed under the SME Financing Guarantee Scheme.

To apply for the the SFGS, your business must meet the following requirements:

• Must be a company, sole proprietorship, partnership or unincorporated body of persons which has business operation in Hong Kong and remains registered under the Business Registration Ordinance (Chapter 310 of the Laws of Hong Kong);
• Shall not be carrying on the business of a lender or otherwise providing funds available for borrowing in any way;
• Shall not be an affiliate of the Lender; and
• Shall not be a company or corporation which has any of its shares listed on The Stock Exchange of Hong Kong Limited (whether on its Main Board or the Growth Enterprise Market) or any similar exchange in or outside Hong Kong.

You will need to prepare the following documents:

• Your business bank statements from the latest 6 months and
• Latest facility letters from other banks.

You will get your preliminary loan approval result in as fast as 3 working days^#, calculated from the first working day upon receipt of the complete set of documentation required for loan application. After the preliminary loan amount approval is completed, you will be notified individually of the indicative loan approval result on the next working day.

1. Application Process and Experience
   • Express Application: Employs a fully online and digitalised process. Customers submit their application forms online and complete identity verification directly via the OCBC Business Mobile Banking Service App.
   • Standard Application: Requires more manual and physical verification. A Relationship Manager will assist with submitting the application form, and a site visit is required to complete Customer Due Diligence.

   Note: For both Express and Standard applications, signing a physical facility letter is required for final execution.

2. Approval Time
   • Express Product: Fast-track approval; customers can receive a preliminary loan approval notice in as quickly as 3 working days.
   • Standard Product: The approval time is generally longer.
3. Maximum Loan Amount and Product Options
   • Express Product: The maximum loan amount is HKD8 million, and the facility type is restricted to instalment loans only.
   • Standard Product: Offers a higher maximum loan amount of up to HKD18 million with greater flexibility in facility types, allowing customers to choose from instalment loans, overdrafts, revolving credit facilities, or trade finance.

Eligible borrowing enterprises with a clean credit record (no overdue repayments) may apply to lending institutions for the Principal Moratorium or Partial Principal Repayment relief measures to alleviate cash flow pressure.

1. Principal Moratorium Arrangement
   • Eligibility: The enterprise must have no outstanding overdue repayments exceeding 60 days at the time the application is received by the lending institution or HKMC Insurance Limited (HKMCI).
   • Details: Enterprises can apply for a Principal Moratorium period of up to 12 months, during which they only need to pay interest without repaying the principal. The cumulative maximum duration for the Principal Moratorium per loan is up to 24 months. Borrowing enterprises with eligible term loans may apply for a corresponding extension of the guarantee period.
   • Application Deadline: The application period for the Principal Moratorium arrangement has been extended to November 17, 2026.
2. Partial Principal Repayment Arrangement

   If an enterprise's Principal Moratorium period expires or if they wish to gradually resume normal repayments, they may apply for the Partial Principal Repayment arrangement. The transitional period for partial principal repayment can last up to 4 years. For details, please refer to the HKMCI SME Financing Guarantee Scheme Product Factsheet.