Compare Banks Loans Rates and APR 2020

Compare bank loans in Hong Kong with the lowest interest rates. Find out your personalized loan amount, APR, and repayment period. Read More
100,000 personal loan Paid over 12 Months
HK$
We found 16 Personal Loans for you!
Sponsored
Citibank 花旗銀行 logo

Monthly Payment

HK$8,413

Monthly Payment
MoneySmart Exclusive
APR*
1.78%
Total Amount Payable
HK$100,960
Total Interest Payable
HK$960
Monthly Payment
HK$8,413
New customer who successfully apply and drawdown Citi Tax Season Loan can get up to HK$6,000 Cash Voucher + Extra up to HK$4,000 Supermarket Voucher!!!
Valid until 31 Dec 2020 - See T&Cs below
Apply Now
中國建設銀行(亞洲) logo

Monthly Payment

HK$8,593

Monthly Payment
MoneySmart Exclusive
up to HK$6,000 cash rebate
APR*
5.86%
Total Amount Payable
HK$103,120
Total Interest Payable
HK$3,120
Monthly Payment
HK$8,593
For successful application and drawdown, you may get a Nintendo Switch Lite + HK$150 Deliveroo coupon (exclusive reward given by MoneySmart) + HK$6,000 cash rewards(From CCBA)
Valid until 20 Nov 2020 - See T&Cs below
Apply Now
BOC 中國銀行 logo

Monthly Payment

HK$9,088

Monthly Payment
Enjoy up to 4 months interest rebate
APR*
19.85%
Total Amount Payable
HK$109,054
Total Interest Payable
HK$9,054
Monthly Payment
HK$9,088
Apply Now
BEA 東亞銀行 logo

Monthly Payment

HK$8,413

Monthly Payment
MoneySmart Exclusive
0% handling fee
APR*
1.78%
Total Amount Payable
HK$100,960
Total Interest Payable
HK$960
Monthly Payment
HK$8,413
New customer who successfully apply and drawdown BEA “Super-Fast” Instalment Loan, can get MoneySmart exclusive offer up to HK$3,000 supermarket cash coupon!
Valid until 12 Nov 2020 - See T&Cs below
Apply Now
Citibank 花旗銀行 logo

Monthly Payment

HK$8,513

Monthly Payment
MoneySmart Exclusive
No hidden terms and conditions
APR*
3.36%
Total Amount Payable
HK$102,160
Total Interest Payable
HK$2,160
Monthly Payment
HK$8,513
New customer who successfully apply and drawdown Citi Speedy Cash or Citi Card Debt Consolidation Loan, can get up to HK$4,000 MoneySmart reward 
Valid until 31 Dec 2020 - See T&Cs below
Apply Now
BOC 中國銀行 logo

Monthly Payment

HK$8,422

Monthly Payment
$0 Handling Fee
APR*
1.98%
Total Amount Payable
HK$101,065.60
Total Interest Payable
HK$1,065.60
Monthly Payment
HK$8,422
Apply Now
交通銀行 logo

Monthly Payment

HK$8,612

Monthly Payment
Online Promo
up to HK$4,500 Credit Rebate
APR*
6.35%
Total Amount Payable
HK$102,340
Total Interest Payable
HK$2,340
Monthly Payment
HK$8,612
Online Promo:
Apply online to enjoy up to HK$4,500 Credit Rebate for loan drawdown#
Valid until 31 Dec 2020 - See T&Cs below
Apply Now
渣打銀行 logo

Monthly Payment

HK$8,553

Monthly Payment
Promotion
APR as low as 1.98%
APR*
4.94%
Total Amount Payable
HK$102,634
Total Interest Payable
HK$2,634
Monthly Payment
HK$8,553
Promotion:
Online Offer up to HK$3,000 Cash Rebate
Valid until 30 Nov 2020 - See T&Cs below
Apply Now
Citibank 花旗銀行 logo

Monthly Payment

HK$8,513

Monthly Payment
MoneySmart Exclusive
Repayment term up to 72 months
APR*
4.04%
Total Amount Payable
HK$102,160
Total Interest Payable
HK$2,160
Monthly Payment
HK$8,513
New customer who successfully apply and drawdown Citi Speedy Cash or Citi Card Debt Consolidation Loan, can get up to HK$4,000 MoneySmart reward 
Valid until 31 Dec 2020 - See T&Cs below
Apply Now
HSB 恒生銀行 logo

Monthly Payment

HK$8,593

Monthly Payment
Bank Promo
up to HK$1,500 cash rebate for online application
APR*
5.86%
Total Amount Payable
HK$103,120
Total Interest Payable
HK$3,120
Monthly Payment
HK$8,593
Bank Promo:
Customer who successfully apply and drawdown Hang Seng Personal Instalment Loan, can get up to HK$1,000 Cash rebate!
Valid until 02 Nov 2020 - See T&Cs below
Apply Now
大新銀行 logo

Monthly Payment

HK$8,660

Monthly Payment
Loan disbursement in as quick as 15 minutes
APR*
7.26%
Total Amount Payable
HK$103,924
Total Interest Payable
HK$3,924
Monthly Payment
HK$8,660
Apply Now
大新銀行 logo

Monthly Payment

HK$9,032

Monthly Payment
Monthly flat rate as low as 0.11%
APR*
16.04%
Total Amount Payable
HK$107,200
Total Interest Payable
HK$7,279.20
Monthly Payment
HK$9,032
Apply Now
HSB 恒生銀行 logo

Monthly Payment

HK$8,617

Monthly Payment
Bank Promo
up to HK$500 cash rebate for online application
APR*
6.44%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,617
Bank Promo:
Enjoy up to HK$500 cash rebate via Mobile or Online application
Valid until 24 Dec 2020 - See T&Cs below
Apply Now
渣打銀行 logo

Monthly Payment

HK$8,754

Monthly Payment
Promotion
Up to HK$3,000 cash rebate for online application
APR*
9.6%
Total Amount Payable
HK$105,052
Total Interest Payable
HK$5,052
Monthly Payment
HK$8,754
Promotion:
Online Offer up to HK$3,000 Cash Rebate
Valid until 30 Nov 2020 - See T&Cs below
Apply Now
HSBC 滙豐銀行 logo

Monthly Payment

HK$8,633

Monthly Payment
Approval and cash withdrawal within 1 minute
APR*
6.8%
Total Amount Payable
HK$103,600
Total Interest Payable
HK$3,600
Monthly Payment
HK$8,633
Read More
富邦銀行 logo

Monthly Payment

HK$8,532

Monthly Payment
Fixed rate for privileged customers
APR*
6.44%
Total Amount Payable
HK$102,388
Total Interest Payable
HK$2,388
Monthly Payment
HK$8,532
Read More

Disclaimer: At MoneySmart.hk, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Best Bank Loan 2020

Bank Loan APRFeature
Citi Speedy Cash2.01%Repayment term up to 60 months
HSBC Personal Instalment Loan2.92%Fast approval and cash withdrawal in 1 minute
BEA "Super-Fast" Instalment Loan2.91%Cash disbursement in a day
Standard Chartered Personal Instalment Loan1.98%Enjoy up to HK$2,000 cash rebate
Credit Mastermind Instalment Loan4.70%Save interest up to 86%
Fubon Balance Transfer Personal Loan8.50%Repayment term up to 72 months

Standard Chartered APR

Personal Instalment Loan Debt Consolidation Program

The APR ranges from 2.15% to 48% and the repayment period is flexible- from 12 to 72 months.

Standard Chartered Personal Instalment Loan

The APR ranges from 1.98% to 5.35% and the repayment period is flexible- from 12 to 60 months.

Apply For Personal Loan Online

Most banks in Hong Kong, including HSBC, The Bank of East Asia, Standard Chartered Bank, Bank of China, Dah Sing Bank, and Bank of Communications can process online loan applications fairly quickly. Applicants can submit the required documents online via the official bank's website. If the applicant is also an account holder of the bank, he/she can be exempted from submitting some supporting documents and they may not be required to show up at all during the entire application process. The loan can be approved as fast as in 1 minute, and the fund can be disbursed on the same day.

Personal Loans Eligibility

Applicants must be at least 18 years old. But even if you are 18 years old, you may not be eligible to apply for some loans. It is important to understand that different banks have different sets of requirements. Applicants are advised to check with an individual bank for its specific requirements before applying. For example, Standard Chartered Bank requires personal loan applicants to be at least 20 years old. Applicants are also required to submit a copy of Hong Kong ID card/passport (for non permanent ID card holders) and proof of current residential address for the last 3 months. In addition, banks generally require applicants to submit pay slips. If these are not available, you may be required to provide bank statements or proof of MPF contribution for the last 3 months.

Bank Loans

Banks provide a wide range of personal loans including person instalment loans, balance transfer plans and revolving loans for different purposes. Some are designed to provide applicants with speedy cash to overcome their immediate financial problems while others are designed to pay off card debt. The repayment period is up to 72 months. Moreover, banks offer low-interest tax loans from Oct to April to help applicants pay tax and provide them with additional cash flow.

Different Bank Loans

Banks offer different types of bank loans for different purposes. Below is a summary of the most common bank loans:

Fixed instalment loan

Personal loans can be used for many purposes e.g. settle large expenses in life

Balance transfer

Consolidate all your high-interest debts into one loan including credit card debts

Revolving loan

There is no fixed repayment period or monthly repayment amount while the interest rate is higher than the fixed instalment loan. It is best for paying off credit card debts or extra cash

Tax loan

The interest rate is lower than that of ordinary personal instalment loans. Applicants can use some of it to pay tax and enjoy extra cash to ease the financial burden

Best Personal Loan 2020

Are you planning to apply for personal loans to ease your financial burden? Why not have a read around these articles below to find the personal loan that suits your needs the most?

Bank Loan FAQ

How can I get a quick loan?

Many banks accept online applications. If you want to get the loan quickly, you can apply for HSBC Personal Instalment Loan characterized by fast approval and cash withdrawal in 1 minute.

Can domestic helpers apply for loans?

Some lenders provide loans specially designed for domestic helpers e.g. UA Finance Overseas Workers Loans. It features its flexibility in the loan amount, interest rate and repayment terms.

What is the minimum salary to get a personal loan?

Different banks have different sets of requirements. For example, HSBC Personal Instalment Loan requires applicants to have a monthly income of at least HK$5,000 while Citibank requires loan applicants to have a monthly income of at least HK$6,000.

Is it better to get a loan from a bank?

Banks usually offer a lower interest rate but it also comes with stricter requirements e.g. require more supporting documents and a good credit rating.

What is the disadvantage of a loan?

The answer depends on your situation. If you have an urgent need for some extra cash and don’t have any assets, but own a credit card, then a personal loan is recommended. This is because withdrawing cash from your credit card is far more expensive than the interest rate of a personal loan. But it is important not to borrow money if you can’t afford it and you must not over-borrow because you may end up spending it unwisely.