Hong Kong International Credit Limited (HKIC) is a licensed and regulated money lending company in Hong Kong and a part of the Zetland Group. It is able to lend funds on a non-recourse, back-to-back basis for Zetland clients. A loan agreement is prepared for the borrower and security such as a mortgage over real property may be required. A funding agreement is obtained from the lender who bears all risks of non-payment by the borrower. HKIC will administer the loan, collecting interest and repayments and forwarding them to the funder. HKIC charges fees for its services. Borrowers and funders may be corporate or individual clients. Costs such as withholding taxes on interest payments must be borne by the funder.