Best Car Loan in Hong Kong 2023

Planning to purchase your dream car? Compare car loans in Hong Kong on MoneySmart now! Read More
300,000 personal loan Paid over 24 months
HK$
We found 15 Personal Loans for you!
Citibank 花旗銀行 logo

Monthly payment

HK$12,740

Monthly payment
MoneySmart Exclusive
APR*
1.78%
Total Amount Payable
HK$305,760
Total Interest Payable
HK$5,760
Monthly payment
HK$12,740

【Loan amount between $100K to <$800K get $1000 rewards upgrade!】
New customer who successfully apply for Citi Speedy Cash/Citi Card Debt Consolidation Loan from today to on or before 2 Oct 2023 and successfully draw down on or before 15 October would have rewards as high as $18,000! Loan amount between $100K to <$800K get $1,000 voucher upgrade!

MoneySmart exclusive gift options include $10,000 Apple Store Gift Card/ PARKnSHOP supermarket vouchers! Other physical gift options including SAMSUNG GalaxyZ Flip 5 5G (retail value: $9,298) / SENNHEISER Conversation Clear Plus Headphones (Retail value: HK$ 7,499) / DYSON V15 Detect™ Absolute (retail value: $6,080) / LG AF20LEMON PuriCare™ 4-in-1 Aerofurniture  (retail value:$4,380)/ JBL Tour Pro 2 Headphones (retail value:$1,999) !

Valid until 02 Oct 2023 - See more details below
Promotion ends in
Apply Now
WeLend logo

Monthly Payment

HK$12,860

Monthly Payment
MoneySmart Exclusive
The lowest APR
1.88%
Total Amount Payable
HK$308,640
Total Interest Payable
HK$8,640
Monthly Payment
HK$12,860
 Selected customers can receive up to HK$16,000 Cash Rebate upon successful draw down!
Valid until 31 Oct 2023 - See more details below
Apply Now
UA 亞洲聯合財務 logo

Monthly Payment

HK$13,310

Monthly Payment
MoneySmart Exclusive
APR*
1.68%
Total Amount Payable
HK$319,440
Total Interest Payable
HK$19,440
Monthly Payment
HK$13,310
【UA Empower You To Fight Another Day】Offer: New & existing customers ² draw down HK$10,000 via MoneySmart, enjoy a Cash Reward of HK$700 ^^ . Upon successful loan application, and drawdown on the designated amount, enjoy a best-in-town⁺ Cash Reward^^ of up to HK$18,000 !
Valid until 31 Dec 2023 - See more details below
Apply Now
SCB 渣打銀行 logo

Monthly Payment

HK$13,310

Monthly Payment
MoneySmart Exclusive
APR as low as 1.85%
APR*
6.28%
Total Amount Payable
HK$319,440
Total Interest Payable
HK$19,440
Monthly Payment
HK$13,310

【MoneySmart Exclusive Offer 】- Get total reward up to HK$16,298!
From 1 October 2023 until 31 October 2023, customers successfully apply for loan via MoneySmart and draw down the designated loan amount could enjoy up to a Samsung Z Flip 5 (256GB) (retail value $8,298) or HK$6,500 PARKnSHOP supermarket voucher or HK$6,500 Apple Store Gift Card.
Get loan to enjoy an APR as low as 1.85%^ with loan amount of up to HKD4M or 18x monthly salary (whichever is lower);  Enjoy welcome offer up to HK$8,000 cash rebate, total rewards up to HK$14,500!

Valid until 31 Oct 2023 - See more details below
Apply Now
富邦銀行 logo

Monthly Payment

HK$13,495

Monthly Payment
Fixed rate for privileged customers
APR* (Calculation is based on loan amount of HK$1,500,000 or above)
1.88%
Total Amount Payable
HK$323,875.20
Total Interest Payable
HK$23,875.20
Monthly Payment
HK$13,495
Apply Now
恒生銀行 logo

Monthly Payment

HK$13,280

Monthly Payment
up to HK$3,000 cash rebate
APR*
6.04%
Total Amount Payable
HK$318,720
Total Interest Payable
HK$18,720
Monthly Payment
HK$13,280
Read More
UA 亞洲聯合財務 logo

Monthly Payment

HK$13,310

Monthly Payment
MoneySmart Exclusive
No document is required
APR*
1.68%
Total Amount Payable
HK$319,440
Total Interest Payable
HK$19,440
Monthly Payment
HK$13,310
【UA30 Smartphone Giveaway^】From now until Nov 8, 2023, the first new customer¹ of the day who successfully applies for a Personal Instalment Loan and reaches a loan amount of HK$100,000, and drawdown within the designated period will be entitled to win the latest smartphone (Marketing Price: HK$9,399) !
 
【UA Empower You To Fight Another Day】Offer: New & existing customers ² draw down HK$10,000 via MoneySmart, enjoy a Cash Reward of HK$700 ^^ . Upon successful loan application, and drawdown on the designated amount, enjoy a best-in-town⁺ Cash Reward^^ of up to HK$18,000 !

See more details of the limited-time offer below.
Valid until 08 Nov 2023 - See more details below
Apply Now
HSBC 滙豐 logo

Monthly Payment

HK$13,610

Monthly Payment
Bank Promo
APR
2.47%*
Total Amount Payable
HK$326,640
Total Interest Payable
HK$26,640
Monthly Payment
HK$13,610
Bank Promo:
Customers who apply for a specified loan amount through MoneySmart and successfully apply during the promotion period are subject to this promotion and the relevant terms and conditions, receiving as low as 2.47% APR and up to HK$5,300 cash rebate! (Fulfilled by HSBC)
Valid until 08 Oct 2023 - See more details below
Apply Now
DBS 星展銀行 logo

Monthly Payment

HK$13,040

Monthly Payment
MoneySmart Exclusive
Instant cash out single-handedly
APR
6.25%
Total Amount Payable
HK$312,960
Total Interest Payable
HK$12,960
Monthly Payment
HK$13,040

New customers who successfully apply and drawdown DBS Personal Instalment Loan via MoneySmart can get up to HK$8,000 rewards + Extra up to HK$10,000 PARKnSHOP Supermarket Voucher/ Apple Store Gift Card! Get up to a total HK$18,000 reward! APR is as low as 2.2%!

Valid until 31 Oct 2023 - See more details below
Apply Now
AEON信貸財務(亞洲) logo

Monthly Payment

HK$13,100

Monthly Payment
Bank Promo
APR*
4.64%
Total Amount Payable
HK$314,400
Total Interest Payable
HK$14,400
Monthly Payment
HK$13,100
Bank Promo:
Successfully applied and drawdown of AEON Flexi Loan will be eligible to receive up to HK$12,000 cash rebate#.
Valid until 29 Feb 2024 - See more details below
Apply Now
富邦銀行 logo

Monthly Payment

HK$13,844

Monthly Payment
APR* (Calculation is based on loan amount of HK$180,000 or above)
2.88%
Total Amount Payable
HK$332,256
Total Interest Payable
HK$32,256
Monthly Payment
HK$13,844
Apply Now
WeLab Bank logo

Monthly Payment (based on 36 months repayment period)

HK$6,458

Monthly Payment (based on 36 months repayment period)
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
Read More
BOC 中國銀行 logo
As low as $0 Handling Fee
Apply Now
邦民日本財務 logo

Monthly Payment

HK$12,650

Monthly Payment
MoneySmart Exclusive
Instant Approval Online◉
APR*
1.12%
Total Amount Payable
HK$303,600
Total Interest Payable
HK$3,600
Monthly Payment
HK$12,650
[Get HK$10,000 loan with HK$500 Cash Rewards] Now until 31 December 2023, successfully apply for Promise Loan and drawdown with the loan amount of HK$10,000, can enjoy HK$500 cash rewards▲. No Supporting Documents Required#. Online Instant Approval⦿.
Valid until 31 Dec 2023 - See more details below
Apply Now
中信銀行(國際) logo

N/A

MoneySmart Exclusive
Same-day fund disbursement to your CNCBI account!
N/A
N/A
N/A
N/A

【MoneySmart Exclusive Offer 】- Get total reward up to HK$4,000!
Customers successfully apply for loan via MoneySmart and draw down the designated loan amount could enjoy up to HK$4,000 PARKnSHOP Supermarket Voucher / HK$4,000 Apple Gift Card /  SAMSUNG Galaxy Tab S7 FE Tablet
(retail price: HK$3,998) !

Valid until 31 Oct 2023 - See more details below
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. 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 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.