Thinking about getting a personal loan in Hong Kong? MoneySmart.hk lets you compare and choose the best personal loan in Hong Kong with confidence.
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| Bank / money lenders | Loan plans | Max. loan amount |
|---|---|---|
| Citibank | Speedy Cash | HK$2,000,000 or 12x monthly salary |
| HSBC | Personal Instalment Loan | HK$3,000,000 or 12x monthly salary |
| BEA | "Super-Fast" Instalment Loan | HK$1,200,000 or 12x monthly salary |
| DBS | Personal Instalment Loan | HK$2,000,000 or 12x monthly salary |
| Standard Chartered | Personal Instalment Loan | HK$2,000,000 or 18x monthly salary |
| BOC | Express Cash Instalment Loan Balance Transfer | HK$2,000,000 or 12x monthly salary |
| Dah Sing | Express Money | HK$1,000,000 or 10x monthly salary |
| Bank of Communications | DreamCash Personal Loan | HK$1,200,000 or 12x monthly salary |
| Promise | Easy Loan | HK$600,000 |
| PrimeCredit | Fixed Loan | HK$600,000 or 18x monthly salary |
Comparing loan plans are not only about interest rates but the total costs of your loan, such as the total amount, repayment period, and handling fee. Whether it is a personal instalment loan, debt consolidation loan or revolving loan, they are expenses to your finances.
| Bank / money lenders | Loan plans | Max. loan amount |
|---|---|---|
| Citibank | Card Debt Consolidation Loans | HK$1,200,000 or 21x monthly salary |
| HSBC | Personal Instalment Loan Balance Consolidation Programme | HK$1,200,000 or 21x monthly salary |
| BEA | "Super-Fast" Debt Clearance Plan | HK$1,200,000 or 21x monthly salary |
| DBS | Debt Consolidation Loan | HK$2,000,000 or 21x monthly salary |
| Standard Chartered | Debt Consolidation Program | HK$2,000,000 or 18x monthly salary |
| Dah Sing | Credit Mastermind Instalment Loan | HK$1,200,000 |
| BOC | Express Cash Instalment Loan Balance Transfer | HK$2,000,000 or 21x monthly salary |
| PrimeCredit | Debt Consolidation Instalment Loan | HK$600,000 or 18x monthly salary |
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| Bank | Withdrawal fee | Annual fee |
|---|---|---|
| HSBC | N/A | 1% of borrowing amount |
| DBS | N/A | 1.5% of borrowing amount |
| Standard Chartered | 1% of withdrawal amount | 1% of borrowing amount |
| BEA | N/A | 1% of borrowing amount |
| Citibank | N/A | 1% of borrowing amount |
| Dah Sing | N/A | 1% of borrowing amount |
| BOC | 2% of withdrawal amount & plus extra $20 | 1% of borrowing amount |
Banks and private money lenders offer loan plans with longer repayment, some of them even extend to 72 months. So now you are able to manage cash flow with higher flexibility.
As long as you’re 18+ and earning HK$5,000+/month, you’re welcomed to apply for personal loans. Bring your identity card, residential address proof, bank statement, and salary slip and you’re good to go!
APR reflects the actual expenses of your loans which includes interest rate, admin fees, handling fees etc. You may hear of Monthly Flat Rate which is only a calculation based on the repayment amount and not describing the actual repayment situation.
Loans help you to reduce money stress and get motivated to take control of your finances. For example, fixed instalment loans serve scaled expenses, balance transfer loans ease high-interest debts, revolving loans give extra flexibility of cash flow in a foreseeable future.
Unsecured loans have no collateral backing. Banks and lenders issue loan amount which is about 12 to 21 months of borrow’s salary, and is based on their creditworthiness and promise of repayment.
If you’re above 18 and earning HK$5,000+/month, you’re welcomed to apply for loans. Simply bring your identity card, residential address proof, bank statement, and salary slip, and you’re good to go!
Banks and money lenders offer in-person or online loan applications.
Normally, it’s 3 to 72 months. Banks and lenders will set you a fixed monthly repayment amount. The longer the repayment period, the lower the repayment amount, and the higher the interest rate.
Yes and no. Some banks will calculate your handling fee yearly. If you’re getting a revolving loan, the bank may charge you extra withdrawal fees.
You’ll need these are the documents for your personal loan:
