Borrowers will get the interest they paid back if the loan is repaid on time. Photo: Shutterstock
Borrowers will get the interest they paid back if the loan is repaid on time. Photo: Shutterstock

Hong Kong budget: more than 250,000 jobless workers to be offered 1 per cent interest loans in unprecedented measure

  • According to a source, HK$10 billion will be set aside for the loans, capped at HK$80,000, which will have an annual interest rate of 1 per cent
  • But unions, which have been calling for the creation of an unemployment support fund, were muted in their enthusiasm

Borrowers will get the interest they paid back if the loan is repaid on time. Photo: Shutterstock
Borrowers will get the interest they paid back if the loan is repaid on time. Photo: Shutterstock
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