Compare Banks Loans Rates and APR 2021

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 26 Personal Loans for you!
Sponsored
WeLab logo

Monthly Payment

HK$8,413

Monthly Payment
MoneySmart Exclusive
APR*
1.68%
Total Amount Payable
HK$100,960
Total Interest Payable
HK$960
Monthly Payment
HK$8,413

**【**MoneySmartExclusive Offer 】- get up to HK$2,000 supermarket vouchers
From now until 31 October 2021, new Welab bank customers enter referral code "NLSMRT" to successfully open an account and draw down the loan could win you up to HK$5,000 rewards (Including HK$2,000 supermarket vouchers from MoneySmart)

Valid until 31 Oct 2021 - See more details below
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Citibank 花旗銀行 logo

Monthly Payment

HK$8,463

Monthly Payment
MoneySmart Exclusive
APR*
2.91%
Total Amount Payable
HK$101,560
Total Interest Payable
HK$1,560
Monthly Payment
HK$8,463

【Limited Time Offer】New customer who successfully apply and drawdown Citi Speedy Cash/Citi Card Debt Consolidation Loan can get exclusive reward iPhone 13 / Galaxy Tab S7+(Wi-Fi) / iPhone 13 mini / Switch Lite /up to HK$8,000 Voucher!!!

Valid until 31 Oct 2021 - See more details below
Apply Now
中信銀行(國際) logo

Monthly Payment

HK$8,593

Monthly Payment
MoneySmart Exclusive
0% Handling Fee APR as low as 1.90%
APR*
5.86%
Total Amount Payable
HK$103,120
Total Interest Payable
HK$3,120
Monthly Payment
HK$8,593

Get up to HK$4,000 supermarket voucher by successful application of personal loan via MoneySmart!

Valid until 31 Oct 2021 - See more details below
Apply Now
Citibank 花旗銀行 logo

Monthly Payment

HK$8,395

Monthly Payment
MoneySmart Exclusive
APR*
1.38%
Total Amount Payable
HK$100,744
Total Interest Payable
HK$744
Monthly Payment
HK$8,395

【Limited Time Offer】New customer who successfully apply and drawdown Citi Tax Loan can get up to HK$4,000 Cash Voucher + ExtraiPhone 13 / Galaxy Tab S7+(Wi-Fi) / iPhone 13 mini / Switch Lite /up to HK$8,000 Voucher!!!

Valid until 31 Oct 2021 - See more details below
Apply Now
SCB 渣打銀行 logo

Monthly Payment

HK$8,553

Monthly Payment
APR as low as 1.75%
APR*
4.94%
Total Amount Payable
HK$102,634
Total Interest Payable
HK$2,634
Monthly Payment
HK$8,553
Apply Now
Citibank 花旗銀行 logo

Monthly Payment

HK$8,473

Monthly Payment
MoneySmart Exclusive
Repayment term up to 72 months
APR*
3.13%
Total Amount Payable
HK$101,680
Total Interest Payable
HK$1,680
Monthly Payment
HK$8,473

【Limited Time Offer】New customer who successfully apply and drawdown Citi Speedy Cash/Citi Card Debt Consolidation Loan can get exclusive reward iPhone 13 / Galaxy Tab S7+(Wi-Fi) / iPhone 13 mini / Switch Lite /up to HK$8,000 Voucher!!!

Valid until 31 Oct 2021 - See more details below
Apply Now
DBS 星展銀行 logo

Monthly Payment

HK$8,453

Monthly Payment
MoneySmart Exclusive
APR*
2.68%
Total Amount Payable
HK$101,440
Total Interest Payable
HK$1,440
Monthly Payment
HK$8,453

Customer who successfully apply and drawdown DBS Personal Instalment Loan can get up to HK$200  “InstaRedeem” + Extra up to HK$9,800 Supermarket Cash Voucher/Apple Gift Card!! Get up to total HK$10,000 reward

Valid until 31 Oct 2021 - See more details below
Apply Now
富邦銀行 logo

Monthly Payment

HK$8,634

Monthly Payment
MoneySmart Exclusive
Fixed rate for privileged customers
APR*
6.8%
Total Amount Payable
HK$103,608.40
Total Interest Payable
HK$3,608.40
Monthly Payment
HK$8,634

Customer who successfully apply and drawdown Fubon Balance Transfer Personal Loan can get up to HK$5,000 Supermarket Cash Voucher + Extra HK$500 Supermarket Cash Voucher from MoneySmart when you successfully drawdown!!

Valid until 31 Oct 2021 - See more details below
Apply Now
DBS 星展銀行 logo

Monthly Payment

HK$8,353

Monthly Payment
MoneySmart Exclusive
Loan amount up to HK$2,000,000
APR*
4.27%
Total Amount Payable
HK$100,240
Total Interest Payable
HK$240
Monthly Payment
HK$8,353

Customer who successfully apply and drawdown DBS Debt Consolidation Loan can get up to HK$3,300 Supermarket Cash Voucher + Extra up to HK$1,200 Supermarket Cash Voucher/Apple Gift Card!!! Get up to total HK$4,500 reward

Valid until 31 Oct 2021 - See more details below
Apply Now
中國建設銀行(亞洲) logo

Monthly Payment

HK$8,540

Monthly Payment
APR*
4.8%
Total Amount Payable
HK$102,484
Total Interest Payable
HK$2,484
Monthly Payment
HK$8,540
Read More
DBS 星展銀行 logo

Monthly Payment

HK$8,343

Monthly Payment
MoneySmart Exclusive
1-minute approval and same day disbursement
APR*
4.04%
Total Amount Payable
HK$100,120
Total Interest Payable
HK$120
Monthly Payment
HK$8,343

Customer who successfully apply and drawdown DBS Personal Instalment Loan can get up to HK$2,500  “InstaRedeem” + Extra up to HK$7,800 Supermarket Cash Voucher/Apple Gift Card!!Get up to total HK$10,300 reward

Valid until 31 Oct 2021 - See more details below
Apply Now
富邦銀行 logo

Monthly Payment

HK$8,512

Monthly Payment
MoneySmart Exclusive
Fixed rate for privileged customers
APR*
4.0%
Total Amount Payable
HK$102,140.80
Total Interest Payable
HK$2,140.80
Monthly Payment
HK$8,512

Customer who successfully apply and drawdown Fubon “Perfect Fit” Personal Loan can get up to HK$5,000 Supermarket Cash Voucher + Extra HK$500 Supermarket Cash Voucher from MoneySmart when you successfully drawdown!!

Valid until 31 Oct 2021 - See more details below
Apply Now
大新銀行 logo

Monthly Payment

HK$8,430

Monthly Payment
Loan disbursement in as quick as 15 minutes
APR*
1.68%
Total Amount Payable
HK$101,158
Total Interest Payable
HK$1,158
Monthly Payment
HK$8,430
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
SCB 渣打銀行 logo

Monthly Payment

HK$8,754

Monthly Payment
Up to HK$13,000 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
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
恒生銀行 logo

Monthly Payment

HK$8,593

Monthly Payment
up to HKD3,000 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
Apply Now
恒生銀行 logo

Monthly Payment

HK$8,617

Monthly Payment
Bank Promo
APR*
6.44%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,617
Bank Promo:
Successfully apply for Debt Consolidation Instalment Loan to enjoy up to HKD500 Cash Rebate for mobile or online application!
Valid until 24 Dec 2021 - See more details below
Read More
BEA 東亞銀行 logo

Monthly Payment

HK$8,413

Monthly Payment
0% handling fee
APR*
1.78%
Total Amount Payable
HK$100,960
Total Interest Payable
HK$960
Monthly Payment
HK$8,413
Read More
中信銀行(國際) logo

Monthly Payment

HK$8,570

Monthly Payment
MoneySmart Exclusive
Repayment period up to 72 Months
APR*
7.33%
Total Amount Payable
HK$102,844
Total Interest Payable
HK$2,844
Monthly Payment
HK$8,570

Get up to HK$4,000 supermarket voucher by successful application of personal loan via MoneySmart!

Valid until 31 Oct 2021 - See more details below
Apply Now

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. For any discrepancy in product information, please refer to the financial institution’s website for the most updated version. 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 Interest Rate 2021

Bank Loan APRFeature
Citi Speedy Cash1.78%Repayment term up to 60 months
DBS Personal Instalment Loan1.56%1 minute approval
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

Apply For Quick Banks 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.

What are bank loans?

Bank loans are loans provided by banks, and there are various types of bank loans available in Hong Kong, including person installment loans, balance transfer plans and revolving loans for different debt management 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.
Some people prefer loans from banks over money lenders, as banks offer lower interest rates and are more reliable. Citibank, Standard chartered Bank and DBS are all popular bank loan choices in Hong Kong.

Types of Bank Loans in Hong Kong

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.

Debt Consolidation Loans

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.

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Best Bank Loans 2021

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 from banks?

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. You can also check out this article on Best quick loans in Hong Kong.

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 score.

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.