The Hong Kong Mortgage Corporation Limited

Important Note to Loan Applicants under the Dedicated 100% Loan Guarantee Schemes (DLGS):
  
HKMC Insurance Limited (HKMCI) wishes to alert the members of the public to beware of anyone offering to make loan applications or obtain approval for a loan under the DLGS for a fee.   
 
Loan applicants are reminded that: 
  
1. they need not engage or appoint any third party (except the participating lenders under the DLGS (Lenders)) to apply for a loan under the DLGS (Loan). Any loan application prepared by or submitted through a third party may incur unnecessary financial costs or loss to the applicant and expose the applicant’s personal data to the risk of disclosure to or misuse by an unscrupulous third party;
 
2. they should apply for the Loan directly through the Lenders which will provide assistance without levying any application fee or handling fee. The Lenders will use their professional expertise, judgement and care in conducting customer due diligence, reviewing each application, and verifying the eligibility of each applicant before submitting the applications and relevant supporting documents to HKMCI for review and approval. The Lender and/or the HKMCI may request the applicants to provide further supporting documents and information to support the application and may verify them against those from any source or in any manner as the Lender and/or the HKMCI may choose or deem appropriate; and 
 
3. the Lenders and HKMCI will not tolerate any illegal conduct (e.g. making a false declaration or using a false instrument) and will report suspected illegal conduct to the relevant law enforcement agencies.    

Background and Objective

The Financial Secretary announced in the 2023-24 Budget the introduction of the DLGS for the travel sector and the cross-boundary passenger transport trade to support resumption of their business and services, as well as for the taxi trade to provide an incentive for taxi owners to replace their liquefied petroleum gas, petrol or hybrid taxis with battery electric taxis (e-Taxis).

The DLGS for Travel Sector aims to assist licensed travel agents and local tour coach registered owners in resolving short-term funding difficulties, hiring staff as soon as practicable and accelerating operational capability enhancement, so as to complement the pace of resumption of inbound and outbound tourism activities.

The objective of the DLGS for Cross-boundary Passenger Transport Trade is to allow eligible registered vehicle owners or ferry operators/owners of cross-boundary passenger transport to apply for loans for the purpose of vehicle or ferry repair and maintenance, buying insurance, etc. with a view to resuming services as soon as possible.

Promoting the use of e-Taxis is one of the Government’s measures to develop green transport, which helps achieve the carbon neutrality target of Hong Kong. The DLGS for e-Taxis provides loans for eligible taxi owners to purchase e-Taxis to replace their liquefied petroleum gas, petrol or hybrid taxis. Eligible taxi owners wishing to apply for loans under the DLGS may approach the relevant participating lenders.

Key Features of DLGS

Please refer to the DLGS Product Factsheet for details. 

Application Procedures

Loan applicants should contact the Lenders to apply for the Loan. The Lenders will use their professional expertise, judgement and care in conducting customer due diligence, reviewing each application, and verifying the eligibility of each loan applicant before submitting the applications and relevant supporting documents to the HKMCI for review and approval.