OREANDA-NEWS. September 10, 2013. The Bank of East Asia (“BEA”) announces the launch of its 2013 corporate tax loan programme. From now until 15th November, 2013, corporate clients who successfully apply for a corporate tax loan can enjoy “early bird” offers including a competitive interest rate as low as BEA’s HKD Prime Rate minus 1% p.a., and a full waiver of the application fee.

BEA corporate tax loans can be drawn for as much as 200% of a client’s tax bill, and repaid in terms ranging from 6 to 24 months. The arrangement fee is fixed at 0.5% of the loan amount, or HKD1,000, whichever is higher. The loan can either be issued as a cashier’s order payable directly to the Inland Revenue Department, or credited to a designated BEA corporate account.

To apply for a BEA corporate tax loan, clients should submit copies of their tax demand note, business registration certificate, and bank statements for the past six months. BEA helps corporate clients expand their business by offering flexible and tailor-made solutions that suit individual requirements and financial objectives. BEA’s comprehensive corporate banking services comprise trade finance, commercial loans, syndicated loans, equipment finance, vehicle
finance, cross border finance, Corporate Cyberbanking, MPF, and general insurance services.