BEA unveils latest corporate tax loan program

Early bird offers have been announced, too.

The Bank of East Asia, Limited (BEA) has announced the launch of its Corporate Tax Loan Programme for 2015/16.

According to a release from BEA, corporate clients who successfully apply for a corporate tax loan on or before 15th November, 2015 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 client’s tax bill, which can be repaid in tenors ranging from 6 to 24 months. The arrangement fee is fixed at 0.5% of the loan amount, or HK$1,000, whichever is higher.

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The loan can either be issued as a cashier’s order directly payable to the Inland Revenue Department, or as an amount directly credited to a designated BEA corporate account.

BEA offers corporate clients a comprehensive range of products and services including syndicated loans, cross-border finance, trade finance, equipment and vehicle finance, 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.