Young Entrepreneur Loan
Encouraging entrepreneurship among the youth and helping young entrepreneurs get funds to start their own business.
Applicability
The person in charge may submit the loan application for limited partnerships registered in accordance with the law or businesses registered for less than 5 years and also meet the following conditions:
- The person in charge must be between the ages of 18 to 45
- The person in charge not only must be the citizens of R.O.C. but also should be domiciled in the R.O.C., and took at least 20 hours or earned 2 credits from entrepreneurship courses offered by an institution recognized by the government within the past 3 years
- If the loan application is made in the name of the person in charge, the capital contribution from the person in charge shall account for at least 20% of the business paid-in capital and it is not apply to businesses that do not require capital contribution to be registered
Loan plan
Loan amount :
- Reserve fund and handling fees: The maximum loan amount up to NT$2,000,000
- The maximum loan amount of working fund is up to NT$4,000,000
- Multiple applications and drawdowns may be made, however, it can't be use revolving drawdown and the new loan may not be borrowed to repay a previous loan
Guarantee :
- Reserve fund and handling fees: The guaranteed percentage may be up to 95% and as low as 90%
- Working fund: The guaranteed percentage may be up to 90% and as low as 80%
- The guarantee service fees is an annual fee rate of 0.375% during the guarantee period
- For the loan amount under NT$1,000,000, an application form may be submitted instead of the business plan, and the guarantee percentage is 95%
- If an individual applies for a plan of NT$1,000,000 or less, a guarantor is not required
Interest rate : The interest rate calculated as the floating rate on two-year time savings deposits of Chunghwa Post Co. - Variable Rate + 0.575% floating adjustment
Loan period : The period up to 6 years, including grace period up to 1 year
Handling fees : The guarantee service fees is an annual fee rate of 0.375% during the guarantee period；a credit inquiry fee will also be charged: NT$300
※No penalty for early payment
Annual percentage rate (APR)
- All annual rates disclosed herein have been calculated using standard calculation templates provided by the competent authority. The actual terms of loan may differ based on each product, and the annual fee rate may also differ among customers depending on the loan products and credit terms and conditions granted.
- APR is not the same as interest rate.
- The base date for calculating the annual percentage of this total cost is March 28, 2023.
- E.SUN Bank reserves the rights to verify information, to change offer details, and to approve the loan or not.
- E.SUN Bank has not cooperate with any agencies for the sale of loan products, please notice and protect your rights.
- It's prohibited to use illegal or unauthorized links to the website for internet marketing.
Annual percentage rate: 2.19%. Loan amount: NT$500,000. Loan period: 5 years. Interset rate: The current interest rate is a floating rate of 2.17%. The interest rate calculated as the floating rate on two-year time savings deposits of Chunghwa Post Co. - Variable Rate + 0.575% floating adjustment. Credit inquiry fees: NT$300.
