TNAG-0790-FCO40-994-Development-of-social-policy-in-Hong-Kong-proposed-contribut-1978 — Page 105

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Question 26. Besides buying a flat, can an employee borrow money from the

Findings:

company for other purposes?

(1) Yes

(Continue)

(2) No - (Jump to Q.28)

Of the companies (N 100) which offered loans to their employees,

87% would offer such loans to employees for other purposes than housing, 13%

did not offer loans other than housing. (Table 10055)

Question 27. For what other purposes?

Findings:

(1) Education expenses for children.

(2) Marriage expenses.

(3) Funeral

expenses.

(4) To repay loans.

(5) Others.

Of the companies (N 87) which offered loans to their employees

for other purposes, 41.4% would offer loans for their children's education

expenses (Table 10056), 56.3% for marriage expenses (Table 10057), 54% for

funeral expenses (Table 10058), 33.3% for repaying another loan (Table 10059),

70.1% for other purposes (Table 10060).

Question 28. What is the maximum amount of loan granted by the company?

(1) $

Findings:

(2) Not fixed

Of the 100 companies offering loans to their employees, only

23 companies had fixed the maximum amount of loan.

Despite the small

percentage of such companies, 30.4% offered loans of $10,000 and under while

another 30.4% offered between $10,001 and $50,000.

(Table 10154)

Question 29. What is the annual rate of interest?

(1)

Interest free.

(2)

Changing according to usual banking loan interest.

(3)

Fixed rate at :

% p.a.

(4) Don't know.

Findings:

When loans were offered 80% of companies gave interest free

loans, 10.6% gave fixed interest rate loans and 9.4% charged bank loan rate.

(Table 10061)

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