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
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

Topic |   Hong Kong budget 2021-2022
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
Borrowers will get the interest they paid back if the loan is repaid on time. Photo: Shutterstock
READ FULL ARTICLE