Login Internet Banking

Personal/Private Banking Business Register Now
Internet Banking

100% Personal Loan Guarantee Scheme

The Government provide the time-limited 100% Personal Loan Guarantee Scheme (“PLGS”), administered by the HKMC Insurance Limited. The PLGS aims at providing a source of financing to unemployed individual who are suffering from cessation of main recurrent incomes from employment in Hong Kong during the COVID-19 pandemic.

Below are the key features of PLGS:


  • be Hong Kong permanent residents aged 18 years old or above; and
  • have been unemployed for at least 2 months at the time of loan application; and
  • neither be undischarged bankrupts, nor be subject to any bankruptcy petition or proceedings at the time of loan application and shall maintain a valid bank account at our Bank; and
  • be able to produce proof of cessation of main recurrent incomes from employment in Hong Kong.

Key Features:

  • The maximum amount of the loan is nine times the average monthly income within the specified period, or HK$100,000, whichever is the lower.
  • Minimum loan amount is HK$5,000
  • The maximum repayment period is ten years, with an option of principal moratorium for the first 18 months
  • The effective interest rate is fixed at 1% per annum
  • The applicant will receive a full refund of the interest paid after the loan is fully repaid at or by the end of the repayment period

For details of the terms and conditions, please visit our designated branch (Causeway Bay Branch, Kwun Tong Branch, Sheung Wan Branch, Wong Tai Sin Branch, Mongkok Branch, Sha Tsui Road Branch and Sheung Shui Branch) to contact our branch staff, or submit the completed application form to above designated branch.

For more details of PLGS, please visit the HKMC website.