Xiaomi and AMTD’s Digital Banking Platform Airstar Introduces Pilot to Offer Improved Loan Experience to Hong Kong SMEs

Xiaomi and AMTD’s digital banking platform Airstar has introduced another stage of its pilot which reportedly features the SME Easy Pay Loan offering in order to provide a quicker and more accessible loan experience to SMEs.

This new announcement has come after an initial pilot was launched to provide corporate banking services for small businesses, following positive market feedback.

The sandbox program will reportedly accept up to 150 of Airstar bank clients with loan drawdowns. Interested businesses have been asked to turn in their applications via the official SME Easy Pay Loan website.

Existing clients that are participating in the pilot for corporate banking services and new customers may join and experience the SME loan service – which aims to disrupt the traditional loan process.

After clients have successfully transferred their current instalment loans to Airstar Bank, they are able to take advantage of a first 24-month principal payment holiday in order to significantly lower their monthly expenditures.

SME clients may borrow as much as 2x of their original loan amount which includes extra cash, which should help with reducing loan repayment pressure.

Airstar’s management noted that the loan application process is pretty straightforward after the loan entry requirements have been met and the approval time is completed within 3 business days.

Face-to-face or in-person meetings, financial statements or service fees are not needed to complete the application process, the announcement confirmed.

Ronald Iu, CEO at Airstar Bank, stated:

“Airstar Bank understands having healthy and sufficient cash flow is crucial to SMEs. Through the launch of SME Easy Pay Loan, we hope to simplify loan application procedures by using fintech and work jointly with SMEs to fasten loan approval time to support their business expansion plan.”

Sponsored Links by DQ Promote

 

Send this to a friend