Best Car Loan in Hong Kong 2022

Planning to purchase your dream car? Compare car loans in Hong Kong on MoneySmart now! Read More
100,000 personal loan Paid over 12 Months
HK$
We found 11 Personal Loans for you!
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

New customer who successfully apply and drawdown Citi Speedy Cash/Citi Card Debt Consolidation Loan can get KEF Q750 Speaker / AirPods 3rd generation + iPadAir 256GB + Apple Pencil (2nd generation) / MacBook Air 13”/ iPhone SE 128GB + Nintendo Switch Game Console (OLED) – White / Sony WH-1000XM5 + Marshall ACTON II Wireless Speaker / AirPods 3rd generation/ **up to HK$10,000 Voucher!!!**

Valid until 31 Jul 2022 - See more details below
Apply Now
WeLab logo

Monthly Payment (based on 36 months repayment period)

HK$6,458

Monthly Payment (based on 36 months repayment period)
MoneySmart Exclusive
APR*(based on 36 months repayment period)
3.68%
Total Amount Payable (based on 36 months repayment period)
HK$232,480
Total Interest Payable (based on 36 months repayment period)
HK$132,480
Monthly Payment (based on 36 months repayment period)
HK$6,458
Use “TESMRT” loan promotion code for GoFlexi loan application to enjoy WeLab Bank X Tesla 3-in-1 Combo Loan Promotion: APR fixed at 3.68%
Valid until 31 Aug 2022 - See more details below
Apply Now
邦民日本財務 logo

Monthly Payment

HK$8,533

Monthly Payment
MoneySmart Exclusive
Approval on Sundays
APR*
4.49%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,533
Welcome Offer worth up to HK$10,000! New customers who withdraw their loans from 1 July 2022 to 31 August 2022, will receive a cash reward of up to HK$10,000 ▲. Welcome Hong Kong non-permanent residents with 3 months and above working visa validity ※ 
Valid until 31 Aug 2022 - See more details below
Apply Now
UA 亞洲聯合財務 logo

Monthly Payment

HK$8,603

Monthly Payment
MoneySmart Exclusive
No documents required
APR*
1.68%
Total Amount Payable
HK$103,240
Total Interest Payable
HK$3,240
Monthly Payment
HK$8,603
Limited time offer: [UA EMPOWER YOU TO FIGHT ANOTHER DAY] New and existing customers^ enjoy up to $18,000.
MoneySmart Exclusive Promotion! APR as low as 1.68%!
Valid until 31 Jul 2022 - See more details below
Apply Now
WeLend logo

Monthly Payment

HK$8,458

Monthly Payment
MoneySmart Exclusive
Income proof free for designated loan amount
APR*
2.79%
Total Amount Payable
HK$101,500
Total Interest Payable
HK$1,500
Monthly Payment
HK$8,458

Selected customers who have successfully applied can get HK$300 supermarket cash coupon, no matter the loan is approved or not! You can receive up to HK$12,000 Cash Rebate upon successful draw down!

Valid until 03 Jul 2022 - See more details below
Apply Now
SCB 渣打銀行 logo

Monthly Payment

HK$8,553

Monthly Payment
MoneySmart Exclusive
APR as low as 1.65%
APR*
4.94%
Total Amount Payable
HK$102,634
Total Interest Payable
HK$2,634
Monthly Payment
HK$8,553

【MoneySmart Exclusive Offer 】- Get total reward up to HK$13,000!
From 6 Jun 2022 until 8 July 2022, customers  successfully apply for loan via MoneySmart and draw down the designated loan amount could enjoy up to HK$5,000 Supermarket Voucher or iPad Air 64GB (retail value: HK$4,799) ; Enjoy welcome offer up to HK$8,000 cash rebate, total rewards up to HK$13,000!

Valid until 03 Jul 2022 - See more details below
Apply Now
HSBC 滙豐銀行 logo

Monthly Payment

HK$8,653

Monthly Payment
APR
7.26%
Total Amount Payable
HK$103,840
Total Interest Payable
HK$3,840
Monthly Payment
HK$8,653
Apply Now
DBS 星展銀行 logo

Monthly Payment

HK$8,353

Monthly Payment
APR as low as 1.8%
APR
4.04%
Total Amount Payable
HK$100,240
Total Interest Payable
HK$240
Monthly Payment
HK$8,353
Apply Now
UA 亞洲聯合財務 logo

Monthly Payment

HK$8,603

Monthly Payment
MoneySmart Exclusive
APR*
1.68%
Total Amount Payable
HK$103,240
Total Interest Payable
HK$3,240
Monthly Payment
HK$8,603
Limited time offer: [UA EMPOWER YOU TO FIGHT ANOTHER DAY] New and existing customers^ enjoy up to $18,000.
MoneySmart Exclusive Promotion! APR as low as 1.68%!
Valid until 31 Jul 2022 - See more details below
Apply Now
富邦銀行 logo

Monthly Payment

HK$8,502

Monthly Payment
MoneySmart Exclusive
Fixed rate for privileged customers
APR*
3.79%
Total Amount Payable
HK$102,028
Total Interest Payable
HK$2,028
Monthly Payment
HK$8,502

Limited Time Offer! Customers enter referral code "MSFN22" to successfully apply and drawdown Fubon “Perfect Fit” Personal Loan can get up to HK$5,000 Supermarket Cash Voucher + Apply and draw down the loan via our online platform or Fubon GO Mobile App (“Fubon GO”) to enjoy supermarket cash coupon of HK$300 + Extra HK$1,200 Supermarket Voucher or Apple Gift Card from MoneySmart when your application approved successfully!

Valid until 31 Jul 2022 - See more details below
Apply Now
富邦銀行 logo

Monthly Payment

HK$8,510

Monthly Payment
MoneySmart Exclusive
APR*
3.97%
Total Amount Payable
HK$102,124
Total Interest Payable
HK$2,124
Monthly Payment
HK$8,510

Limited Time Offer! Customers enter referral code "MSFN22" to successfully apply and drawdown Fubon “EZ Cash” Personal Loan can get up to HK$2,000 Supermarket Cash Voucher + Apply and draw down the loan via our online platform or Fubon GO Mobile App (“Fubon GO”) to enjoy supermarket cash coupon of HK$300 + Extra HK$1,200 Supermarket Voucher or Apple Gift Card from MoneySmart when your application approved successfully!

Valid until 31 Jul 2022 - See more details below
Apply Now

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Best Car Loan Rates in HK

Car LoanAPRFeatures
Citi Speedy Cash1.78%Tenor up to 60months
WeLend Personal Loan2.79%no limitation on vehicle type, vehicle usage (private or commercial) and not taking hold of your vehicle license
DBS Personal Instalment Loan1.56%Up to HK$10,000 reward
Promise Easy Loan4.49%Loan calculates in daily interest

Car Loan VS Personal Loan

To get yourself a new set of wheels while keeping your cash flow, applying for car loans can be the best strategy even if you are in a position to pay in full. In the past, car leasing may be the most common option, but with more car loans available, you have more choices than you thought! MoneySmart has summarised your available options when it comes to buying a car:

Car Loans

  • The vehicle registration document will be kept by the car dealer
  • Required to pay deposit upfront (applicable to rental)
  • Required to purchase comprehensive insurance
  • Restrictions on car types and ages

Personal Loans

  • The final loan amount and interest rates will be affected by your credit scores
  • Car buyers can keep the vehicle registration document
  • No restrictions on car types and ages

Should I go for car loans or personal loans?

The application of car loans is simple. It is often taken care of by the car dealer. but the interest rate is less transparent compared to car loans and it has restrictions on the car’s age. Applicants are required to buy comprehensive car insurance and the vehicle registration document will be kept by the car dealer, which is inconvenient. Conversely, if you go for personal loans, it provides you with greater flexibility with no restrictions on the types and the ages of the car. Moreover, you can keep your own vehicle registration document. You can also make use of MoneySmart website to compare the different loan products available before you make a final decision.

Used Car Loans

Prospective buyers may be worried that the car’s age may have a negative effect on the loan application. But this concern is not necessary. Car loans do not have restrictions on the car’s age. In other words, no matter if the car you would like to purchase is a brand new or second hand one, it really does not affect your application. But your application will be affected by your credit scores.

Car Loan FAQ

Is it wise to repay car loans earlier?

It depends on the car loans that you have applied for. In general, you are required to pay an early repayment charge, which makes it unwise to repay earlier.

Should I buy a car with a personal loan?

Buying a car in Hong Kong can cost a fortune from monthly repayment, insurance, maintenance fee, etc. If you don’t have enough funds to pay in full, it is wise to take off some financial pressure by taking out a loan with a low-interest rate to fund your purchase. A personal loan offers better flexibility when compared to car loans, you can also enjoy cash rebates for applying a personal loan through MoneySmart.

What documents are required to apply for car loans in Hong Kong?

You are required to provide proof of identification, proof of residential address, bank statement and car buyer's purchase contract to apply for a car loan.