The Film Guarantee Fund has approved the seventh loan guarantee for a local film production.

HKCB Finance Limited has agreed to provide a $5.25 million facility to the One Hundred Years of Film company for Himalaya Singh and the fund will guarantee 50% of the loan.

The $50 million funding scheme was set up in April last year, providing loan guarantees to local lending institutions that offer loan facilities to film productions that have secured a film completion arrangement.

Some $12.9 million has so far been committed for film production projects. The maximum loan guarantee for each film is 35% of the production budget or $2.625 million, whichever is less.

All film production companies registered locally that have produced at least three films between 1992 and 2001 for commercial release in Hong Kong are eligible to apply.

Application forms are available at the Film Services Office, 40/F Revenue Tower, 5 Gloucester Road, Wan Chai, or this website. Enquiries can be made on 2594 5729, 2594 5726 or via info@fso-tela.gov.hk.