Purpose

Interest-free loan is provided to encourage private residential flat owners to carry out internal repairs and maintenance works.

Eligibility Criteria

1. The premises shall be :
   • Building age must be of 30 years or more (according to the occupation permit)^Note; and
   • Annual rateable value of the residential flat should not exceed HK$162,000 in urban areas (including Shatin, Kwai Tsing, Tsuen Wan); while not exceed HK$124,000 in other areas ; and
   • The only property owned by each applicant in Hong Kong in any form or manner directly or indirectly ; and
   • Solely or jointly owned by individuals (not owned by companies).
2. All registered individual / joint owners of the premises must be included in the application.

Note:Excluding buildings not exceeding 3 storeys and New Territories Exempted Houses.
 

Content Brief

• Each eligible applicant will be granted an interest-free loan not exceeding HK$50,000 or the total cost of approved works (whichever is lower).
• The loan is granted for flat internal repairs and maintenance works related to safety and hygiene.
• The loan is repayable in maximum by 36 equal monthly installments after release.