Skip to main content

Featured

Cash allowance scheme set

(To watch the full press conference with sign language interpretation, click here.)   The Government will launch a three-year Cash Allowance Trial Scheme in late June to alleviate the livelihood difficulties faced by grassroots families who have been waiting for public rental housing for a long time.   At a press conference this afternoon, Permanent Secretary for Transport & Housing (Housing)/Director of Housing Agnes Wong said the cash allowance is not a rent subsidy and the recipients are not required to use it to pay for rent.   “This is purely to relieve their financial pressure while waiting for public rental housing.      “We aim to send out around 90,000 application forms to the eligible applicants by the end of this month. We urge them to complete the form and return it to us as soon as possible.”   The cash allowance amount is determined by the number of people in a public rental housing application who meet all eligibility criteria.   Along with other criteria

No fees for loan scheme

Banks participating in the 100% Personal Loan Guarantee Scheme will aid loan applicants without levying any application or handling fee, and borrowers should not make applications via a third party, HKMC Insurance said today.   It made the statement in response to a news report about some people claiming to help those who are unemployed make applications for the scheme using false instruments at a handling fee.   Participating banks will try their best to assist applicants, it said, adding that borrowers who pay any fees to a third party will suffer a direct financial loss.   The statement said banks reviewing loan applications will exercise professional expertise, judgement and care to conduct customer due diligence and verify borrowers' eligibility. HKMC Insurance will also conduct checks and strive to ensure approved applications meet the requirements.   Any suspected illicit behaviour such as producing false declarations or using false instruments will be reported to law enforcement agencies, it noted.   Call participating banks or the loan guarantee scheme hotline at 2536 0392 for enquiries.
http://dlvr.it/RzNfHk

Popular Posts