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100% Personal Loan Guarantee Scheme

Hk sme
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
  • Proof of unemployment and loss of main recurrent income for at least 2 months

    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 the Borrower can only provide proof of the latest residential address in the name of other person (e.g. family member) living with the Borrower, the Borrower shall provide a declaration in Supplemental Information explaining the situation and provide a copy of bank statement issued to the Borrower in such residential address. Address proof is required in all cases.

    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 months during the period between January 2020 and February 2021 in which the relevant incomes must be earned before the first unemployment month:

    (1) Bank statements or passbook showing the autopay salary record (e.g. credit transaction with description of “salary”, “payroll”) of wage receipt entries of at least 3 months;
    (2) Wage slips, wage receipts, or other documents (such as tax return or any official documents, e.g. termination letter, statement of final/severance payment showing the last salary and period of employment to the Borrower) that can be relied on to confirm or deduce the daily or monthly wage in the 3 months (collectively, “wage confirmations”), issued by the former employer and supported by bank statement(s) or passbook showing record of bank transfer or deposits of cheque(s) or cash. For wage paid by cheques and the relevant wage confirmations are not available, a copy of the cleared cheques if there are means to prove the employment relationship with cheque issuer(s);
    (3) Bank statements or passbook showing records of bank transfers or deposits of cheque(s) or cash, and supported by proofs of business activities of remunerated jobs or projects which generated the main recurrent incomes, such as sales or service contract(s), invoice(s), or other records or correspondence(s);
    (4) Annual statements for 2020 or monthly contribution history of the MPF scheme or ORSO scheme;
    (5) Tax demand note for financial year 2019/2020 with assessment details.

    Proof of unemployment and loss of main recurrent income for at least 2 months

    (a) Bank statements or passbook for 2 consecutive months issued within 3 months prior to the submission of loan application showing cessation of income entries in relation to the monthly main recurrent income from employment in Hong Kong, and (except for free-lancers, gig or casual workers) 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.
    (b) Severance letter issued by the former employer.
    (c) Letter of termination of employment, expired employment contract, tax return or any official document showing cessation of employment issued by the former employer.
    (d) Proof of receipt of severance payment or long service payment pursuant to the Employment Ordinance.
    (e) Proof of (i) receipt by the Labour Department of the Government of an application for, or (ii) the Borrower’s receipt of, ex-gratia payment from the Protection of Wages on Insolvency Fund.
    (f) Proof showing the business close down of the Borrower’s former employer together with proof showing the employment relationship with the former employer (e.g. employment contract, wage receipt).
    (g) Statements issued by an MPF scheme or ORSO scheme service provider showing cessation of contribution entries or termination of employment.
    (h) Proof of filing of Notice of Cessation of Business to the Business Registration Office or completion of sale of sole proprietorship or partnership, or Form 1(a) or Form 1(c) of the Business Registration Office showing the Borrower ceased the business or ceased to be a sole proprietor or partner, as the case may be.


  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 April 2022 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!