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100% Personal Loan Guarantee Scheme

Hk sme

100% Personal Loan Guarantee Scheme

100% Personal Loan Guarantee Scheme

Standard Chartered Bank (Hong Kong) Limited fully supports the “100% Personal Loan Guarantee Scheme” launched by HKMC Insurance Limited (HKMCI) to help you during unemployment.

Application Requirements and Documents Required


  • Hong Kong permanent resident aged 18 or above
  • Holding a Hong Kong permanent identity card who are unemployed for at least 2 months at the time of application and can demonstrate cessation of main recurrent incomes from employment in Hong Kong ,and have been employed for at least 3 months between January 2020 and February 2021
  • Self-employed individuals (only for those who currently do not have any loans or credit facilities guaranteed under the SME Financing Guarantee Scheme), free-lancers, gig or casual workers are also eligible upon the production of a declaration of unemployment and proof of a loss of main recurrent incomes from employment / occupation in Hong Kong
  • Borrowers must not be subject to any bankruptcy petition or proceedings at the time of loan application and shall maintain valid bank accounts in Hong Kong.

Documents Required

  • Your Hong Kong Permanent Identity Card
  • Your latest 3 months’ residential address proof showing your name
  • Proof of previous employment and main recurrent incomes for at least 3 months’ during the period from January 2020 to February 2021
  • Proofs of unemployment status.

    Details of documents required

    HKID card

    A copy of your HKID card showing that you have permanent residency status.

    Latest 3 months’ residential address proof showing your name

    Proof of your latest residential address in your name (valid within 3 months from the time of your application), eg utility bills, government rent or rates demand note, a copy of the tenancy agreement or rental receipt, any correspondence issued by any government department (eg a tax demand note issued by the Inland Revenue Department) or any public bodies to you

    If you’re only able to provide proof of your latest residential address in the name of the other person (eg a family member) living with you, please provide a declaration in your loan application explaining the situation and a copy of a bank statement issued to you in such residential address

    Proof of previous employment and main recurrent incomes for at least 3 months’ during the period from January 2020 to February 2021

    For any one of the following supporting documents, any 3 month during the period between January 2020 and February 2021 in which the relevant incomes must be earned before the first unemployment month:

    • Bank statements or passbook showing the salary record of the relevant months (e.g. credit transaction with description of “salary”, “payroll”, etc.) at least 3 months’ wage receipt entries of the relevant 3 months supported by wage slips or receipts
    • Wage slips or receipts issued by the former employer and supported by bank statement or passbook showing cheque or cash deposit. For wage paid by cheque and the relevant wage slips or receipts are not available, a copy of the cleared cheques if there are means to prove the employment relationship with cheque issuer(s)
    • Bank statements or passbook showing cheque or cash deposits and supported by sales or service contract(s) or invoice(s) or correspondence(s) confirming the relevant job or project
    • Annual statements for 2020 or monthly contribution history of the MPF or ORSO scheme
    • Tax demand note for financial year 2019/2020 with assessment details
    • Tax return or any official documents (e.g. termination letter showing last salary and period of employment) issued by the former employer in the company’s letterhead or with the company chop

    Proofs of unemployment status

    Bank statements or passbook for 2 consecutive months issued within 3 months prior to loan application showing cessation of monthly main recurrent income from employment in Hong Kong, and submit one of the following proof of unemployment for 2 months:

    Please note: Unless justified otherwise with proofs, the bank account shall be the same as that used to show the 3 months’ income proof.

    • Severance letter issued by the former employer
    • Letter of termination of employment issued by the former employer.
    • Proof of receipt of severance payment or long service payment pursuant to the Employment Ordinance.
    • Proof of receipt of an application for, or receipt of, ex-gratia payment from the Protection of Wages on Insolvency Fund.
    • Proof showing former employer’s business close down together with proof showing employment relationship with the former employer (e.g. employment contract, wage receipt).
    • Statements issued by an MPF or ORSO scheme service provider showing cessation of contribution entries or termination of employment.
    • Notice of Cessation of Business filed to the Business Registration Office


  1. Personal Loan Guarantee Scheme – 100% Loan Guarantee Scheme(“100% PLGS”) is administered by HKMC Insurance Limited (“HKMCI”).
  2. Client must have successfully submitted the application to HKMCI with Standard Chartered Bank (Hong Kong) Limited (the “Bank”) on or before 27 October 2021 and drawn down the 100% PLGS before the designated deadline.
  3. In addition to the terms and conditions of the 100% PLGS as specified and announced by HKMCI, client must also fulfil the terms and conditions as specified by the bank from time to time. For details of the 100% PLGS, Please click here to visit HKMCI website, Hotline : 2536 0392 or email for enquiry.
  4. The Bank reserves the right to determine the acceptance of a loan application, the applicable facility amount and loan tenor by considering the client’s credit records and other relevant factors. The application for the banking products and services under the 100% PLGS is subject to the relevant eligibility, application process and relevant terms and conditions. For further details, please refer to our Hotline: 34081628 for assistance. In case of any disputes, the Bank’s decision shall be final and binding.
  5. If there is any inconsistency or conflict between the English and the Chinese versions, the English version shall prevail.

To borrow or not to borrow? Borrow only if you can repay!