Ping An OneConnect Bank (Hong Kong) Limited ("PAOB")* aims at providing flexible loan solutions to SMEs. PAOB is now partnering with Tradelink to bring “PAOB SME Financing Guarantee Scheme” to selected Tradelink SME clients to seize business opportunities. PAOB is a virtual bank granted licence in Hong Kong. It is a wholly-owned subsidiary of OneConnect Financial Technology Co., Ltd. and a member of Ping An Insurance (Group) Company of China, Ltd.
Ping An OneConnect Bank (Hong Kong) Limited ("PAOB") aims at providing flexible loan solutions to SMEs. PAOB is now partnering with Tradelink to bring“PAOB SME Financing Guarantee Scheme” to selected Tradelink SME clients to seize business opportunities. PAOB is a virtual bank granted licence in Hong Kong. It is a wholly-owned subsidiary of OneConnect Financial Technology Co., Ltd. and a member of Ping An Insurance (Group) Company of China, Ltd.
90% guarantee financing solution provided by HKMC Insurance Limited
90% guarantee financing solution provided by HKMC Insurance Limited
Selected Tradelink SME client enjoys the following offers:
Full rebate of guarantee fee 2
No additional fee, apart from interest expense
No documents required to be submitted for loan approval 3
Early redemption without penalties
To borrow or not to borrow?
Borrow only if you can repay!
Annualised Percentage Rate (APR) is 2.78%, based on a loan tenor of 12 months and HK$1,000,000 loan amount.
The APR is rounded to the nearest two decimal places.
- 1 The offer will be effective from 5 Mar 2021 to 31 May 2021. The Further Enhancement Measures by HKMCI which take effect on 29 May 2020 provides interest subsidy for the Facility under 90% Guarantee Products. According to SME Financing Guarantee Scheme, the annual interest subsidy rate is the Facility’s annual interest rate minus 2.75%, subject to a cap of 3%. Each eligible Facility is entitled to interest subsidy for 12 months at maximum in a one-year subsidy period. Please refer to “SME Financing Guarantee Scheme Factsheet” for more details.
- 2 Full rebate of guarantee fee provided by PAOB is applicable to SMEs which successfully drawdown the loan within the period from 27 October 2020 to 31 May 2021. Guarantee fee will be rebated to clients’ savings account on or before 31 August 2021. Clients should maintain an active savings account and loan account at the time when the rebate is made, and there is no overdue record. Please refer to “SME Financing Guarantee Scheme (90% Guarantee Product) Full Guarantee Fee Rebate Terms and Conditions” for more details.
- 3 During loan approval, only HKID is required for identity verification, while required documents need to be provided before loan drawdown.
- * ETNet Fintech Awards 2020 “Outstanding Virtual SME Banking Services”
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# The above products and services are only applicable for the selected clients of Tradelink.
Terms and conditions.
