To enhance the flexibility of your financing solutions, we now provide Insurance Product Financing services: “Premium Financing” and “Policy Financing”.
If you would like to purchase a new life insurance policy, "Premium Financing" provides a cost-effective liquidity solution, utilizing your pledged asset as collateral to secure funding while preserving your liquidity.
"Policy Financing" can help you to obtain a loan for personal expenses or cash flow needs, by pledging your existing life insurance policy as collateral.
We offer HKD and USD loan options tailored to your requirements to optimize your cash flow management. Upon receiving all necessary documentation, our fast and easy application process can be completed in a single in-person visit without additional account opening, allowing you to secure the insurance protection you need while enjoying seamless service.
We also offer fast-track approvals – decisions made in as fast as two working days when you need timely solutions1.
| Application Details2 | |
|---|---|
| Borrower (“Applicant”) | Hong Kong or Mainland China resident with a bank account in Hong Kong |
| Eligible Policies | The selected life insurance policies are issued by on-list insurance companies acknowledged by ORIX Asia Limited (The insurance companies must be registered under the Insurance Authority of Hong Kong and able to offer policies with net surrender value) |
| Borrowing Currency | Hong Kong Dollar(HKD) / United States Dollar(USD) |
| Interest Rate | Floating rate |
| Loan Amount | Minimum HK$500,000 |
| Loan-to-Value Ratio | Up to 95% of day 1 guaranteed surrender value for both same and cross currency loan |
| Maximum Loan Tenor | Maximum 5 years for Policy Financing; 6 years for Premium Financing |
| Repayment Frequency | 1-month |
| Instalment | Interest payment only. Principal to be repaid at the end of tenor |
| Required Documents for Individual Borrower |
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1 The actual approval timeline depends on the review of individual applications and is subject to the completeness of the submitted documents and relevant eligibility criteria.
2 The application is subject to the Product (Policy Financing or Premium Financing) Key Facts Statements.
3 Please ensure you fully understand the key product terms and associated risk disclosure before applying the loan, and that you clearly understand the rights and responsibilities involved. For details, please click the relevant documents in the Quick Links section on the right.
