What you need to know about Bank of East Asia's Corporate Tax Loan Programme for 2016/17

Clients have until November 15 to avail of the early bird offer.

In a press releas, the Bank of East Asia, Limited announced the launch of its Corporate Tax Loan Programme for 2016/17. Corporate customers who successfully apply for a corporate tax loan on or before 15th November, 2016 can enjoy “early bird” offers including an interest rate as low as BEA’s HKD Prime Rate* minus 1.0% p.a., and a full waiver of the arrangement fee.

BEA offers a loan amount of up to 200% of the corporate customer’s tax bill, which can be repaid in loan tenors of up to 24 months. The arrangement fee is fixed at 0.5% of the loan amount, or HK$1,000, whichever is higher. The loan can be issued as a cashier’s order directly payable to the Inland Revenue Department. 

BEA offers its corporate customers a comprehensive range of flexible and tailor-made packages including working capital facilities, cross-border finance, trade finance, syndicated loans, Corporate Cyberbanking, MPF, and general insurance services. 

For more information on BEA’s Corporate Tax Loan Programme and corporate banking services, please call (852) 2211 1338, or visit any BEA branch or the Bank’s homepage at www.hkbea.com.

*BEA’s current HKD Prime Rate is 5.25% p.a.