Low-interest loans created to help finance jobless: CLA

Under the program, qualified borrowers will be confined to females aged between 20 and 60 and males aged between 45 and 60, who are forced to become jobless and receive unemployment pension for over six months or who are from low-income household, suffer vocational hazards, etc. Qualified applicants will be allowed to borrow up to 95 percent of the lending amount they require, with a maturity term of seven years. They won't be required to offer any collateral or guarantor, and will be exempt from interest payment during the first three years of the lending period.

Those who apply for loans to finance their business start-ups will be allowed to borrow a maximum of NT$1 million, compared to a ceiling of NT$500,000 to those who want to engage in operations subject to no business registration. The number of approved applicants may range from a minimum of 3,000 to a maximum of 6,000, depending on the lending amount, CLA officials said.

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