ZA Bank to support HK goverment s 100% personal loan guarantee scheme Details 29 April 2021
With many Hongkongers still facing financial difficulties as a result of the pandemic, the HKSAR government recently announced the 100% Personal Loan Guarantee Scheme (PLGS), offering a supplementary financing option for those who have suffered a loss of income. Through the scheme, the government will provide a 100% guarantee for low-interest loans taken out by eligible borrowers.
Hong Kong virtual bank ZA Bank has announced it will support the scheme, becoming the only local virtual bank to do so. In accordance with the PLGS, ZA Bank will offer loans to eligible borrowers of up to HK$80,000, with a maximum tenor of six years and a fixed interest rate of 1% per annum.
Mariem Daddah, la co-fondatrice (1)/par Bertrand Fessard de Foucault
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Mariem Daddah, la co-fondatrice (1)
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