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Contract Easy

Description

Contract Easy is a pre-approved purchase order credit line especially for those vendors which have secured an one-time contract with one of the designated government departments, hospitals, educational institutes, enterprise, etc.. This loan is on a one-off basis and will be ready for use whenever you need financing to support further business expansion.

Features

1. No financial statement or collateral required.

2. Flexible and ready to use as an overdraft facilities.

Loan Currency

MOP∕HKD

Type of Guarantee

Personal guarantee required

Setting of Credit Limit

1. Up to 60% of value of contract granted by designated entities∕institutes. Maximum HKD3 million per contract.

2. Accumulated total HKD5 million per applicant.

Tenor

6-12 months non-renewable

Eligible Customers

1. Legal entities of sole proprietorship or limited company registered in Macau SAR and in operation over 12 successive months.

2. Commercial entities with majority of business operation and major source of income in∕from Macau.

3. 50% (or more) of the sole proprietorship entity∕the limited company owned by Macau residents.

Application Documents

1. Declaration Form of Start∕Alternation of Activity of Industrial Contribution (M1), or Receipt of Industrial Contribution (M7 or M8), or valid Business Registration Certificate.

2. Copies of identification documents of owner(s) of Sole proprietorship entity or shareholders∕person in charge of limited company.

3. Bank statements (This is not required if customers has preferred BOC to be the major banker).

4. Service contract of which the value will be used as the setting basis of the credit limit.

5. Application Form for "Contract Easy".

Remarks:

1. Please contact our Relationship Managers to confirm the eligibility of the entities∕institutions for this product.

2. All application is subject to the final approval of the Bank. Other terms and conditions apply.

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